Volt Carbon Technologies Inc. has recently released its initial test results for its Lithium Iron Phosphate (LFP) battery with internally developed electrolyte. The batteries were manufactured at Volt Carbon’s subsidiary, Solid UltraBattery’s facility in Guelph, Ontario. This advancement in high-energy LFP technology is a significant step forward as outlined in the company’s roadmap disclosed in 2023.
Traditionally, LFP has been known for its cost-effectiveness compared to Lithium Nickel Cobalt Manganese Oxide (NCM). However, it has lower energy density, impacting the driving range of electric vehicles. In response to these limitations, Solid UltraBattery has been working on a lithium (Li)-metal LFP battery to improve energy density, achieving an industry-leading 280Wh/kg for this cathode type. Recent testing shows the LFP/Li-metal battery coin cells have endured 800 cycles while maintaining 78.5% of their capacity, marking a significant milestone in battery technology advancement.
The company aims to surpass 800 cycles and achieve an 80% capacity threshold by the end of 2024 with its Lithium (Li)-metal Iron Phosphate battery technologies. Volt Carbon Technologies has also enhanced its Guelph prototype battery lab with new equipment to develop battery-grade anodes, with more test results expected to be published soon.
V-Bond Lee, the CEO and President of Volt Carbon, expressed his satisfaction with the results, highlighting the Company’s commitment to advancing energy storage technology. The Company’s roadmap outlines its strategic trajectory for lithium-ion battery product advancement until 2030, emphasizing their dedication to bringing innovative technology to the market.
