Silicon-carbon battery tech provider Group14 Applied sciences has raised $400 million in Sequence C funding, which it plans to make use of to open its second battery energetic supplies manufacturing facility within the US. The plant will produce the corporate’s proprietary SCC55 lithium-silicon battery materials for Porsche subsidiary Cellforce Group, which can use it to start producing battery cells in south Germany starting in 2024.
SCC55 is a silicon-carbon powder designed for anodes, and the corporate says it’s “able to turning any gigafactory right into a 1.5 GW facility in a single day.” The corporate additionally says its next-generation supplies “assist lithium-silicon batteries ship 50% increased efficiency than conventional lithium-ion batteries, eliminating vary and cost anxiousness.”
Group14 has additionally damaged floor on a three way partnership manufacturing facility with SK Group in South Korea.
Supply: Group14 Applied sciences
