Jul 12, 2016
BioSolar, Inc. a developer of breakthrough energy storage technology and materials, today shared recent media articles detailing the Company's approach to increasing capacity and reducing costs of lithium ion batteries, the predominant storage devices used by electric vehicles, personal electronics, and many other commercial and consumer applications.
In a recent contributed byline entitled "Improving Lithium Ion Battery for Future Energy Storage Needs" for Battery Power Magazine, a leading print and online battery publication, BioSolar CEO Dr. David Lee cites challenges often associated with the chemistry currently embedded with existing lithium-ion batteries, as well as cost, for lack of advancements within the sector. Dr. Lee states that BioSolar seeks to reduce the cost of manufacturing and extend the lifetime of lithium-ion batteries, enabling mass adoption for electric vehicles as well as improvements in battery capabilities for personal electronics needs.
Dr. Lee was also interviewed in a Q&A with AltEnergy Magazine, where he expounded on the Company's recent announcements and other related developments that could impact capacity potential for anodes and cathodes, the two key components for the efficiency of lithium-ion battery technology.
"We believe that our ambitions to develop battery technology that enables lower cost and with longer life span, will meet the growing market demand for lithium-ion battery storage technology," said Dr. Lee. "These efforts, as highlighted by multiple battery and sustainability media publications, are a direct reflection of the strong leadership and intellectual property that we have continued to develop since entering this industry."
BioSolar believes its efforts fall in line with the current energy storage and battery technology landscape. A recent Cleantechnica article focuses on the importance of a decreased market cost for batteries is essential to the continued growth of the renewable energy set to total 45.1 GW in the next decade. The authors note that "system costs are still one of the biggest barriers to the industry's growth," yet nevertheless, it is expected that declining prices will open up "new use cases and geographic markets."