Solid-state batteries have long been hailed as the future of energy storage, promising enhanced safety, higher energy density, and faster charging times compared to traditional lithium-ion batteries. As the world races towards a greener and more sustainable future, the commercialization of solid-state batteries has become a hot topic in the global market. But where do we stand in terms of their adoption and availability?
To understand the current state of solid-state battery commercialization, it is crucial to first grasp the concept of these innovative power sources. Unlike conventional lithium-ion batteries, which use liquid electrolytes, solid-state batteries employ solid electrolytes. This eliminates the risk of leakage, thermal runaway, and other safety concerns associated with liquid electrolytes. Moreover, solid-state batteries offer the potential for higher energy density, enabling longer-lasting and more efficient energy storage solutions.
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.
