Alsym Energy, a developer of next-generation rechargeable batteries, announced that the company’s leaders will speak at several top industry events this spring. Topics include the need for alternatives to the lithium-ion batteries currently dominating the storage, maritime, and automotive industries, as well as how to avoid risks of fire, supply chain bottlenecks, and rising prices.
The high-performance end of the battery market is currently dominated by lithium-ion technology; however, price declines have stalled and average pack prices actually increased in 2022. As such, EVs are now constrained to the premium and luxury end of the market, and stationary storage and maritime integrators are struggling to find safe, affordable alternatives.
Alsym Energy is working to develop a high-performance offering for stationary and maritime applications that’s low-cost, non-flammable, and non-toxic—something no existing technology can match—followed by solutions for the EV market.
“High battery prices are slowing the pace of electrification and decarbonization, and lithium-ion fires are now daily occurrences,” said Mukesh Chatter, CEO, President, and Co-Founder of Alsym Energy. “We need safer, more affordable batteries with more robust supply chains if the storage, maritime, and mobility industries are to go fully electric. We look forward to talking about the pressing need for new solutions.”
SOURCE: Businesswire