SPARKZ Licenses ORNL Battery Production Technology (Ind. Report)
The US DOE's Oak Ridge National Laboratory (ORNL) is reporting Knoxville, Tennessee-based battery energy storage start-up Sparkz Energy Systems (SPARKZ) has exclusively licensed ORNL's "fast formation cycling" technology that enables the rapid production of lithium-ion batteries commonly used in portable electronic devices and electric vehicles.
The technology reduces production time significantly and also enhances battery performance, which can lead to reduced costs.
SPARKZ is presently seeking a location for an R&D and prototyping facility to scale their licensed battery technologies to meet the demands of customers in the mobility and grid sectors, according to the release.
(Source: ORNL/U.S. Dept. of Energy, PR, Feb., 2021)
Contact: ORNL/U.S. Dept. of Energy, www.ornl.gov/partnerships; Sparkz Energy Systems, Sanjiv Malhotra, CEO, www.sparkz.energy
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