logo
600-mile range: Mercedes-backed firm's solid-state EV battery hits 40Ah energy density

600-mile range: Mercedes-backed firm's solid-state EV battery hits 40Ah energy density

Yahoo14-12-2024

Factorial Energy, a company working on all-solid-state batteries for electric vehicles (EVs), has scaled its initial Solstice battery cells to a capacity of 40Ah, which signifies a vital step towards the commercialization of this technology.
Solstice, introduced in September in partnership with Mercedes-Benz, represents a shift in battery technology.
By utilizing a solid electrolyte in place of the liquid or gel electrolytes found in lithium-ion batteries, Solstice surpasses the limitations of current technology.
It offers an energy density of up to 450 Wh/kg. This constitutes an increase compared to lithium-ion batteries, creating the possibility of EVs with driving ranges exceeding 600 miles on one charge.
'Breakthrough solid-state battery performance is only relevant if it can be scaled to a size that is viable for commercial use,' stated Siyu Huang, CEO of Factorial Energy.
'At 40Ah capacity, our all-solid-state, Solstice cells demonstrate the technical maturity, process validation, and scalability required for commercial applications.'
Factorial's all-solid-state batteries utilize a 100% dry cathode coating process, an approach that removes the need for solvents commonly used in battery manufacturing.
These solvents, often carcinogenic, pose risks to human health and the environment, requiring recycling procedures. By eliminating these solvents, Factorial's dry coating process enhances safety and reduces the environmental impact of battery production.
In addition, the design of the all-solid-state battery removes the need for the formation process, a step in lithium-ion battery manufacturing where the battery is charged and discharged many times to stabilize its performance.
'Factorial's use of the dry coating and all-solid-state chemistry innovations together lower operating costs, reduce energy consumption, and minimize battery production's environmental impact,' asserted the company.
Besides, lifecycle testing has demonstrated the durability and reliability of Solstice batteries.
"Results from lifecycle testing demonstrate that smaller prototypes have already reached over 2,000 cycles," highlighted the battery firm.
Factorial's Solstice technology is also engineered to integrate with its FEST (Factorial Electrolyte System Technology) platform, a system designed to optimize battery performance and safety.
With its potential to unlock driving ranges, enhance safety, and promote environmental sustainability, Factorial's Solstice technology is positioned to change the electric vehicle industry.
'Coupled with the long cycle life and high energy density, Factorial's Solstice all-solid-state battery cell is poised to give advancements in safety, range, and cost that automakers are looking for,' concluded Alex Yu, CTO and co-founder of the company.
Notably, all-solid-state batteries are expected to improve the energy density, range, safety, and overall performance of EVs. Therefore, several leading companies are investing in them.
Recently, US-based QuantumScape scaled the production of the sample cells of its solid-state battery, the QSE-5, which comes with an energy density of 844 Wh/L and can reach a charge from 10% to 80% in 12 minutes.
China's EV tech giants CATL and Huawei have also been in the headlines. CATL has announced its plans to start producing its all-solid-state battery by 2027.
Meanwhile, some reports suggest that Huawei has filed a new patent application for a sulfide-based solid electrolyte, a component used in lithium-ion batteries. With the latest development, Solstice aims to accelerate the widespread adoption of EVs.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Petro-Victory Energy Corp. Announces Short Term Loans
Petro-Victory Energy Corp. Announces Short Term Loans

Yahoo

timean hour ago

  • Yahoo

Petro-Victory Energy Corp. Announces Short Term Loans

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS/ DALLAS, June 11, 2025 /CNW/ - Petro-Victory Energy Corp. (TSXV: VRY) ("Petro-Victory" or the "Company") announces that it has borrowed an aggregate of US$350,000 (the "Loans") and issued unsecured promissory notes to Thomas Cooper, a director of the Company, and to an arm's length third party (collectively, the "Lenders"). The Loans have a term of one year and bear interest at an annual rate of 14% per annum until maturity and 18% per annum thereafter. The Lenders will be issued an aggregate of 685,350 bonus warrants (the "Warrants") in connection with the Loans, with each Warrant being exercisable at CAD$0.70 per common share on or before June 2, 2026. The Loans and issuance of Warrants remain subject to TSX Venture Exchange ("TSXV") final acceptance. The Loan from Thomas Cooper in the aggregate amount of US$175,000 and the issuance of 342,675 Warrants in connection therewith each constituted a "related party transaction" ‎under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special ‎Transactions ("MI 61-101") as Mr. Copper is a related party (as defined in MI 61-101) of the ‎Company. The Company relied on the exemptions from the formal valuation and minority ‎shareholder approval requirements of MI 61-101 contained in Sections 5.5(a) and 5.7(1)(a) of MI ‎‎61-101 in respect of related party matters, as the Company is listed on the TSXV and neither the fair ‎market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of ‎the consideration for, the transaction, insofar as it involves the related parties, exceeded 25% of the ‎Company's market capitalization (as determined under MI 61-101).‎ About Petro-Victory Energy Corp. Petro-Victory Energy Corp. is an oil and gas company engaged in the acquisition, development, and production of crude oil and natural gas in Brazil. The total portfolio under management includes 49 concession contracts with 276,755 acres, net to Petro-Victory plus an additional 6 concessions and 19,074 acres owned jointly with BlueOak. Through disciplined investments in high-impact, low-risk assets, Petro-Victory is focused on delivering sustainable shareholder value. The Company's common shares trade on the TSX Venture Exchange under the ticker symbol VRY. Cautionary Note Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States unless an exemption from such registration is available. Advisory Regarding Forward-Looking Statements In the interest of providing Petro-Victory's shareholders and potential investors with information regarding Petro-Victory's future plans and operations, certain statements in this press release are "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation (collectively, "forward-looking statements"). In some cases, forward-looking statements can be identified by terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "objective," "ongoing," "outlook," "potential," "project," "plan," "should," "target," "would," "will" or similar words suggesting future outcomes, events or performance. The forward-looking statements contained in this press release speak only as of the date thereof and are expressly qualified by this cautionary statement. Specifically, this press release contains forward-looking statements relating to, but not limited to, TSXV approval for the Loan and Warrants. These forward-looking statements are based on certain key assumptions regarding, among other things, the receipt of TSXV approval for the Loan and Warrants. Readers are cautioned that such assumptions, although considered reasonable by Petro-Victory at the time of preparation, may prove to be incorrect. Actual results achieved will vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The above summary of assumptions and risks related to forward-looking statements in this press release has been provided in order to provide shareholders and potential investors with a more complete perspective on Petro-Victory's current and future operations and such information may not be appropriate for other purposes. There is no representation by Petro-Victory that actual results achieved will be the same in whole or in part as those referenced in the forward-looking statements and Petro-Victory does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law. SOURCE Petro-Victory Energy Corp. View original content to download multimedia:

Capital Allocation Trends At Fortescue (ASX:FMG) Aren't Ideal
Capital Allocation Trends At Fortescue (ASX:FMG) Aren't Ideal

Yahoo

time2 hours ago

  • Yahoo

Capital Allocation Trends At Fortescue (ASX:FMG) Aren't Ideal

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. Looking at Fortescue (ASX:FMG), it does have a high ROCE right now, but lets see how returns are trending. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. The formula for this calculation on Fortescue is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.22 = US$5.9b ÷ (US$29b - US$2.2b) (Based on the trailing twelve months to December 2024). So, Fortescue has an ROCE of 22%. In absolute terms that's a great return and it's even better than the Metals and Mining industry average of 8.2%. View our latest analysis for Fortescue In the above chart we have measured Fortescue's prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Fortescue . On the surface, the trend of ROCE at Fortescue doesn't inspire confidence. To be more specific, while the ROCE is still high, it's fallen from 38% where it was five years ago. Given the business is employing more capital while revenue has slipped, this is a bit concerning. If this were to continue, you might be looking at a company that is trying to reinvest for growth but is actually losing market share since sales haven't increased. In summary, we're somewhat concerned by Fortescue's diminishing returns on increasing amounts of capital. Yet despite these concerning fundamentals, the stock has performed strongly with a 92% return over the last five years, so investors appear very optimistic. In any case, the current underlying trends don't bode well for long term performance so unless they reverse, we'd start looking elsewhere. Since virtually every company faces some risks, it's worth knowing what they are, and we've spotted 2 warning signs for Fortescue (of which 1 is concerning!) that you should know about. If you'd like to see other companies earning high returns, check out our free list of companies earning high returns with solid balance sheets here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Applied Optoelectronics Announces First Volume Shipment of Data Center Transceivers to Recently Engaged Major Hyperscale Customer
Applied Optoelectronics Announces First Volume Shipment of Data Center Transceivers to Recently Engaged Major Hyperscale Customer

Business Upturn

time3 hours ago

  • Business Upturn

Applied Optoelectronics Announces First Volume Shipment of Data Center Transceivers to Recently Engaged Major Hyperscale Customer

SUGAR LAND, Texas, June 11, 2025 (GLOBE NEWSWIRE) — Applied Optoelectronics, Inc. ('AOI') (Nasdaq: AAOI), a leading provider of fiber-optic access network products for the internet datacenter, cable broadband, telecom and fiber-to-the-home (FTTH) markets, today announced the first volume shipment of high-speed data center transceivers to a recently re-engaged major hyperscale data center customer. This milestone is the first volume shipment of these advanced high-speed data center transceivers to this customer, and the first shipment of significant quantity to this customer in several years. 'Throughout the year, we have been expecting growth in data center transceiver sales, particularly in the second half of the year,' commented Dr. Thompson Lin, AOI's Founder, Chairman, and CEO. 'This first volume shipment to this customer represents a significant milestone on a journey to what we continue to expect to be significant business opportunities with this newly re-engaged customer. As we execute on our previously-announced US-based capacity expansion plan, we continue to expect shipments to this customer and other customers to increase in line with our previous commentary of a second-half ramp.' For more information about AOI's industry-leading line of advanced optical transceivers for AI-focused data centers, please refer to the information on AOI's website at About Applied Optoelectronics, Inc. Applied Optoelectronics, Inc. (AOI) is a leading developer and manufacturer of advanced optical products, including components, modules and equipment. AOI's products are the building blocks for broadband fiber access networks around the world, where they are used in the internet datacenter, CATV broadband, telecom and FTTH markets. AOI supplies optical networking lasers, components and equipment to tier-1 customers in all four of these markets. In addition to its corporate headquarters, wafer fab and advanced engineering and production facilities in Sugar Land, TX, AOI has engineering and manufacturing facilities in Taipei, Taiwan and Ningbo, China. For additional information, visit Forward-Looking Information This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as 'believe,' 'may,' 'estimate,' 'continue,' 'anticipate,' 'intend,' 'should,' 'could,' 'would,' 'target,' 'seek,' 'aim,' 'predicts,' 'think,' 'objectives,' 'optimistic,' 'new,' 'goal,' 'strategy,' 'potential,' 'is likely,' 'will,' 'expect,' 'plan,' 'project,' 'permit' or by other similar expressions that convey uncertainty of future events or outcomes. These statements include management's beliefs and expectations related to our outlook for the second quarter of 2025 and the remainder of 2025. Such forward-looking statements reflect the views of management at the time such statements are made. These forward-looking statements involve risks and uncertainties, as well as assumptions and current expectations, which could cause the company's actual results to differ materially from those anticipated in such forward-looking statements. These risks and uncertainties include but are not limited to: reduction in the size or quantity of customer orders; change in demand for the company's products due to industry conditions; changes in manufacturing operations; volatility in manufacturing costs; delays in shipments of products; disruptions in the supply chain; change in the rate of design wins or the rate of customer acceptance of new products; the company's reliance on a small number of customers for a substantial portion of its revenues; potential pricing pressure; a decline in demand for our customers' products or their rate of deployment of their products; general conditions in the internet datacenter, cable television (CATV) broadband, telecom, or fiber-to-the-home (FTTH) markets; changes in the world economy (particularly in the United States and China); changes in the regulation and taxation of international trade, including the imposition of tariffs; changes in currency exchange rates; the negative effects of seasonality; and other risks and uncertainties described more fully in the company's documents filed with or furnished to the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2024 and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025. More information about these and other risks that may impact the company's business are set forth in the 'Risk Factors' section of the company's quarterly and annual reports on file with the Securities and Exchange Commission. You should not rely on forward-looking statements as predictions of future events. All forward-looking statements in this press release are based upon information available to us as of the date hereof, and qualified in their entirety by this cautionary statement. Except as required by law, we assume no obligation to update forward-looking statements for any reason after the date of this press release to conform these statements to actual results or to changes in the company's expectations. Investor Relations Contact: The Blueshirt Group, Investor Relations Lindsay Savarese +1-212-331-8417 [email protected]

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store