UK-based Eqonic confirms aluminium battery technology: envisions lower production costs

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UK-based Eqonic Group has confirmed that aluminium will be the core material used in its next-generation battery technology. The company is moving towards industrial validation and commercial production.

Its battery technology does not use lithium, sodium or rare earth materials and is designed to reduce material costs to around 30 per cent of those associated with conventional lithium-metal batteries.

Eqonic is now preparing for industrial-scale testing to demonstrate the manufacturability, performance and reliability of the technology before commercial deployment.

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According to them, the aluminium-based battery chemistry is non-flammable, reducing the risk of thermal runaway that is associated with conventional battery systems. Eqonic is targeting a manufacturing cost of GBP 50 per kWh (about USD 67 per kWh) once production reaches scale.

Jas Kandola, founder and chief executive officer of Eqonic Group, said, “Aluminium-based chemistry gives us everything we set out to achieve — material abundancy, high levels of safety, and low cost — without the tradeoffs that lithium, sodium, and rare earth materials carry.” He added that the company's immediate focus is on industrial validation of the technology.

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Eqonic has taken several steps over the past year to advance the battery technology. In February, the company expanded its senior management team with new appointments in banking, regulatory and legal roles. In May, it signed a strategic partnership with Barton Knight Group to supply, install and maintain battery storage and renewable energy systems across the UK.

In June, Eqonic was selected to participate in the UK government's GBP 452 million (USD 610 million) Battery Innovation Programme, led by Innovate UK with support from the Department for Business and Trade. The programme will support the development of a full-stack digital twin of the company's battery manufacturing process as it moves closer to commercial production.