Lithium-ion batteries have been around for nearly 30 years and while they have been wildly successful in the consumer electronics and automotive sectors, it is not surprising that new technologies are waiting in the wings to address its limitations.
Already, several lithium-ion manufacturers are now producing batteries with cathodes that have a greater nickel content to meet the demand for greater energy density, which translates to longer driving ranges for electric vehicles (EVs).
But there’s another technology looking to be the next big thing in the sector.
Solid state batteries have been proposed as a solution to the intrinsic limitations of current lithium-ion batteries that use liquid electrolytes in terms of safety, performance, form factor and costs.
Ilika plc (LON:IKA) is a pioneer in solid state battery technology enabling solutions for applications in Industrial IoT, MedTech, Electric Vehicles and Consumer Electronics.
