Addionics invests $400m to boost EV battery tech plans

Addionics invests $400m to boost EV battery tech plans

Addionics invests $400m to boost EV battery tech plans 1024 991 Energy Storage Journal

February 29, 2024: Battery tech developer Addionics is investing $400 million in the first stage of a multi-factory development plan in the US.

The firm said on February 26 it is in the final stages of site selection for the first in a series of plants that will produce its proprietary ‘smart 3D current collector’ copper foil products for high-performance EV batteries.

Addionics claims its 3D structured foil improves the performance of any battery, regardless of its chemistry.

The product design increases the surface area of the coating, mechanically strengthens the bond between the active material and the foil, and creates a highly porous structure for improved performance, according to the company.

AI software is used to determine the best structure of the foil for application requirements.

Once completed, the new factories will generate 3D copper foils to support 90GWh of battery capacity a year.

Addionics was founded in 2017 and has production facilities in the US and Israel plus sites in the UK and Germany.

However, the first of the new plants to be built in the US will be the company’s biggest manufacturing facility to date, CEO and co-founder Moshiel Biton said.