This year has been all about energy storage.
New chemistry based solutions, new technologies and battery architectures are driving rapid adoption as the prices have started making sense for people to invest into.
One company – that has flown under the radar for over 10 years – is now coming to market with a potential battery cell chemistry that will deliver a 500 Wh/kg. Something that most didn’t believe would happen.
Quantumscape is currently going public via a newly popularized SPAC route – something Nikola (NKLA) and other clean tech companies have been utilizing.
Why is this important?
Battery cells reaching an energy density of 500 Wh/kg would make it way more competitive in long range & heavy duty applications. Today we see that a battery based EV is a perfect solution for consumer and passenger vehicle offerings. Including short distance trucking.
The currently low energy density and weight of battery cells have given birth to companies like Nikola that are entering into the hydrogen market for large & heavy duty vehicles.
If Quantumscape truly has the ability to commercialize a 500 Wh/kg battery offering at a competitive weight and cost standpoint they have real legs to become a very fast growing clean tech solution that will impact the global market over the next 10 years.
About The Author
Swarnav S Pujari
Founder of The Impact
Swarnav has over 10 years of experience in the energy & climate tech space, holds 2 patents and is active in the tech, climate and media industries. He specializes in Product/Product Innovation as well as Go-To-Market and Growth Strategy.
By training he’s a Materials Engineer with a background in research from his time at Georgia Tech and University of Illinois (UIUC).
He founded TouchLight a utility backed energy company focused on developing IP for utilities and startups pushing electrification forward. He also serves as the appointed Chairman for the Town of Yorktown’s Climate Smart Communities Task Force, where he helps with drafting legislation and enabling sustainability efforts within the town.
Concurrently, Swarnav founded The Impact to help investors, emerging founders and driven climate enthusiasts discover and identify new climate-tech startups, technologies and opportunities before they hit the traditional media sources.