Next-Generation Anode Materials to See Huge Growth by 2030

The battery technology has been pivotal in fulfilling the significantly high energy requirements since its introduction. Cells and batteries play a crucial role in storing energy to improve the portability of dfferent electrical and electronic devices. Therefore, huge investments along with intensive R&D are currently being made by various key companies to enhance the energy storage capacity of the lithium-ion battery. Moreover, the ongoing demand for efficient lithium-ion batteries in electric vehicles and consumer electronic devices such as mobile phones, laptops, and notebooks is further escalating the requirement of innovative changes in batteries.

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The lithium-ion batteries are essential to bring new growth opportunities in electric vehicles and energy storage devices. The battery industry is evolving at an enormous rate with the entrance of new players and new technologies. This is expected to act as a catalyst to enable batteries to meet the unmet demands in terms of their performance.

The research study focuses on unleashing the innovations in anode electrode of lithium-ion battery and aims to put forward a clear picture of the current consumption and future growth potential of different next-generation anode materials. The current technology revolves around the usage of graphite as an anode material. However, this chemistry, though found in abundance, is not sufficient to cater to the rising demand for high energy storage by end-user applications in the industry. A battery must be able to sustain high power and resistance, have long shelf life and durability, and other such benefits. Some of the next-generation anode materials that can offer the aforementioned advantages to certain extent are silicon/silicon oxide blend, silicon-graphene, silicon-carbon composite, and Lithium titanium oxide (LTO).

Currently, these materials are not produced at a scale similar to the traditional graphite-based anode materials as they are still in the development stage. More than 500 patents have been filed/granted between 2014 and 2018 and validate the extensive research and development activity for these materials. Besides, partnerships and collaborations on an industry level are highly witnessed between the key players to bring improvements in their next-generation anode material products.

For instance, Daimler AG provided $170 million funding to Sila Nanotechnologies Inc., which aims to develop efficient battery materials with an improved energy capacity of 20%. With this investment, Daimler AG intends to improve its electric vehicle offerings while fulfilling its commitment of totally electrifying the Mercedes-Benz car range by 2022. Samsung Ventures invested in XG Sciences by funding its R&D to facilitate improvements in the materials produced by the company. XG Sciences further aims to introduce a joint development program with Samsung SDI for the application of next-generation batteries in consumer electronics.

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However, currently, no single technology of these anode chemistries wins along the dimensions of being energy efficient, risk free, and cost effective, all at the same time. Choosing a technology that optimizes performance along all dimensions mainly depends on their individual application areas. For instance, LTO technology is a high-performance option with a good life span and can be used for high application areas such as electric buses, construction vehicles, and power tools, whereas silicon/silicon oxide blend technology possesses high energy density but faces issues with its volume expansion, which thereby limits its commercialization on a large scale.

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