The performance of lithium ion at a fraction of the cost and risk.
Alsym Energy has developed an innovative low-cost, high-performance rechargeable battery chemistry that’s ideal for applications such as stationary storage, maritime shipping, and electric vehicles.
By using readily available, inherently non-flammable and non-toxic materials, Alsym batteries deliver performance comparable with lithium ion at a much lower cost—something no other technology can do.
Life without lithium and cobalt
Our technology avoids many of the issues that surround lithium-ion batteries and uses no lithium or cobalt. Alsym batteries are non-flammable and non-toxic by design, using readily available materials.
Lithium-ion batteries are highly flammable and toxic, making them unsuitable for marine applications and challenging for stationary storage. Fires are a growing concern, with recent examples including:
- A grid storage fire at a facility in Monterrey, California that forced a shelter-in-place order and closure of a nearby highway.
- A cargo ship that sank in the Atlantic Ocean after the EVs on board caught fire. While no lives were lost, total insurance damages are expected to approach $500 million.
- An electric two-wheeler showroom in India that caught fire in 2022, leaving 8 dead and others injured.
Alsym batteries use materials that are inherently non-flammable, reducing the associated risks to life and property, and cumulative liabilities. They contain no lithium and can be used in any application and environment.
Nearly 100% of North America and Europe’s critical minerals are imported from foreign countries with limited environmental regulations and human rights protections. Shipping is costly and carbon-intensive, and many of the raw materials and mining waste products connected to lithium-ion batteries are toxic to humans. To make matters worse, many parts of the world lack access to recycling programs, so batteries end up in landfills or rivers.
Alsym batteries are made from non-toxic materials that are readily available around the world. This helps lower total production costs, reducing the need for subsidies to promote electric vehicle adoption. It also eliminates many common supply chain and environmental challenges, such as cobalt and lithium contamination in sourcing, manufacturing, and disposal.
Lithium prices have risen as much as 738 percent since January 2021, while cobalt prices increased by 156 percent and nickel by 94 percent. As a result, the price of lithium-ion batteries using these minerals have risen to an estimated $160 per kWh in 2022.
By reducing volatility and variability of material costs, companies can reduce operating spend and easily standardize product pricing, improving the bottom line in the next generation of energy storage technologies. Alsym batteries use a simplified low-cost manufacturing process that can easily be incorporated into existing facilities, so production can readily scale to meet demand.
News and insights
As the world transitions toward clean energy to power our vehicles and buildings, technology is advancing faster than ever. Stay up to date with Alsym Energy and the battery industry.
Our team is taking on the world’s greatest challenge
The future of clean energy depends on economically viable, zero-carbon electrification, which requires a new approach to energy storage systems. You can make a direct impact by helping us build the world’s first low-cost, high-performance, non-flammable and non-toxic rechargeable battery. We’re growing and hiring for roles in all departments.