?> Ilika's breakthrough in Goliath solid-state battery technology - DirectorsTalk

Ilika’s breakthrough in Goliath solid-state battery technology

Ilika announced progress in developing its Goliath solid-state battery technology, supported by safety tests carried out by University College London (UCL). The tests demonstrated that Ilika’s Goliath prototypes offer significantly better safety than conventional lithium-ion batteries. This development is a notable step forward in the battery storage industry, as the technology not only provides greater safety but also delivers improved energy density.

During the independent nail penetration test, typically used to assess battery safety, conventional lithium-ion batteries tend to swell, explode, or catch fire. In contrast, Ilika’s Goliath P1 prototype remained stable, with its external temperature staying below 80°C, compared to the dangerous 600°C seen in standard batteries. These findings reinforce Ilika’s position at the forefront of solid-state battery innovation, with potential applications across various sectors.

Lacie Midgley, a research analyst at Panmure Liberum, remarked that these results highlight the enhanced safety profile of solid-state batteries and validate their potential alongside their higher energy density. In light of this, Panmure Liberum has reaffirmed its BUY recommendation for Ilika’s stock, with a target price of 70p, representing a significant increase from the current share price of 24p.

The Goliath battery project is viewed as one of Ilika’s key growth initiatives, with solid-state batteries offering both safety benefits and higher energy density. This positions the company to seize opportunities in markets like electric vehicles (EVs), where demand for safe and efficient batteries is rapidly rising. As the industry for solid-state batteries continues to evolve, Ilika stands out by prioritising both safety and performance.

Looking ahead, Ilika’s Goliath programme is expected to hit several important milestones, potentially paving the way for substantial licensing deals with major companies and equipment manufacturers. Analysts at Panmure Liberum believe that the company is undervalued and that the market will soon recognise the full potential of the Goliath project, which accounts for a large portion of the firm’s valuation.

Ilika is emerging as a leader in the solid-state battery field, with its Goliath technology offering great promise. The successful safety trials demonstrate the strength of the design, and with significant market opportunities on the horizon, the company is well-placed for growth. Panmure Liberum’s continued confidence, supported by their BUY recommendation, underscores Ilika’s bright future in the evolving battery industry. Investors may want to keep a close watch as Ilika moves towards commercialisation.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Ilika plc

More articles like this

Ilika plc

A bright future for EVs with Ilika’s battery advancements

Ilika PLC is pushing boundaries in the electric vehicle (EV) industry through its innovative Goliath solid-state battery programme. This forward-thinking project has recently reached an exciting milestone, with the successful creation and testing of 10Ah power

Ilika plc

Ilika achieves D6 milestone in solid-state battery development for EVs

Ilika plc (LON:IKA), an independent global expert in solid-state battery technology, has announced that it has successfully reached its D6 milestone by testing 10Ah cells in its Goliath solid state batteries for electric vehicles. The systematic testing to industry standards

Ilika plc

Optimising power management for Ilika Stereax solid state batteries

As rechargeable batteries are integrated increasingly into various applications, optimal charging, storage, and discharge processes are essential to maximise operational lifespan. Power management solutions, including Power Management Integrated Circuits (PMICs) and Application-Specific Integrated Circuits (ASICs), are

Ilika plc

The next generation of energy storage

Lithium-ion rechargeable batteries are vital components in modern technology, powering devices for hours or even days. First introduced by Sony and Asahi Kasei in 1991, these batteries brought a significant shift in energy storage, packing immense

Ilika plc

Solid-state batteries and the future of electric mobility

Emerging battery technology is undergoing continuous research, with advancements focused on enhancing performance, increasing energy capacity, and reducing charging times. Among these developments, solid-state batteries are viewed by many as a significant milestone with the potential

Ilika plc

Ilika and the future of Solid-State Battery technology

The global transition towards sustainable technologies has fuelled significant growth in advanced materials, particularly in the energy storage sector. This sector is crucial as the world increasingly adopts renewable energy sources and electric vehicles (EVs). With

Ilika plc

The future of Energy Storage with Solid-State Batteries

A solid-state battery is a type of battery that utilises a solid electrolyte, unlike the more common lithium-ion batteries that depend on liquid electrolytes. These batteries are classified based on their electrolyte material, including polymer solid

Ilika plc

The science behind solid-state batteries

Solid-state batteries differ significantly from traditional lithium-ion batteries by employing a solid electrolyte instead of a liquid one. The electrolyte in these batteries is a solid material, which facilitates the movement of ions between the anode

Ilika plc

Solid-state batteries: The future of energy storage

Solid-state batteries represent a significant advancement in energy storage technology, utilising a solid electrolyte instead of the liquid or gel found in conventional lithium-ion batteries. This innovation creates a safer, more compact, and energy-dense power source

Ilika plc

Solid-state batteries power the future of electric vehicles

Lithium-ion (Li-ion) batteries currently dominate the electric vehicle (EV) market, providing the high torque needed for rapid acceleration and consistent speeds. These batteries are known for their high energy density and relatively long lifespan. However, the