Revolutionizing Battery Production: Inition Energy
As global demand for batteries surges, driven by the transition to electric vehicles (EVs), renewable energy storage, and advanced electronics, the battery manufacturing industry faces a significant challenge. Despite this increasing demand, battery production has become a high-cost, low-margin business. Producers often require enormous upfront investments, with many operating at thin margins of around 7%, or even experiencing losses.
One of the core issues lies in the energy-intensive nature of production. For every 1kWh of battery capacity produced, manufacturers need to consume up to 80kWh of energy. This inefficiency not only drives up costs but also undermines the sustainability of battery production. With energy prices rising and environmental regulations tightening, battery producers are under immense pressure to find ways to reduce both costs and energy consumption.
To add to the complexity, conventional battery production methods are space-intensive, and they rely on toxic solvents, adding further environmental and logistical challenges. With the battery industry expected to play a key role in global decarbonization, innovations that can make production more sustainable and cost-effective are urgently needed. Inition Energy is at the forefront of solving these issues with their breakthrough electrode production technology. By dramatically reducing energy consumption, production costs, and space requirements, Inition Energy’s solution promises to transform the battery manufacturing process, making it both profitable and sustainable.
Inition Energy is at the forefront of solving these issues with their breakthrough electrode production technology. By dramatically reducing energy consumption, production costs, and space requirements, Inition Energy’s solution promises to transform the battery manufacturing process, making it both profitable and sustainable.
Greenbackers is pleased to introduce Inition Energy, that developed electrode production technology to make battery production more profitable and sustainable.
Why Inition Energy:
- Innovative technology: Inition’s technology reduces the cost of production by 40% and the energy consumption by 50% making battery electrode in 10 times less space using only water as a solvent.
- Commercial traction: Validated all advantages of our technology with QinetiQ Delivered high-performance lithium-ion batteries to MOD – £270k PO; Phase 2 of this project scoped with QinetiQ – undergoing MOD approval Validated our water-based NMC811 cathode with BASF; £1.4m total commitments collected for the current round.
- Market potential: Security and defence need high-performance batteries Aerospace: drones need more range, Underwater vehicles: making a transition to battery power tools: need to secure their supply chain, EV market they need to produce more in the same space
Investment Snapshot:
- Type: Seed Round
- Target amount: £2.4m committed £1.4m
- Minimum contribution: £100k
For further information or to speak with Inition directly contact: Annika Borrmann at [email protected]
