LI-AIR BATTERY MARKET ANALYSIS

Market News

Li-Air Battery Market-Key Developments: 

• As Li-Air Battery is considered as future technology, the Companies are majorly focusing on the investment in the research, development and manufacturing of the Li-air Battery. For Instance, In May 2019, PolyPlus Battery Company, the developer of next-generation battery technology and Schlumberger, the drilling technology provider for oil and gas industry collaborated for technology development and manufacturing of PolyPlus’ lithium-metal and lithium seawater batteries. As part of this collaboration, companies may also conduct joint business development and marketing.
• The major mining companies are focusing on the evaluation of the exploration and development in the Lithium so that it would empower green energy storage industry and electric vehicle market. For Instance, Wealth Mineral Limited is undergoing Laguna Verde Project, where Company believes that the above ground lake at the Laguna Verde, which was originally anticipated to be the only potential resource of lithium, is in fact a small part of a much larger lithium basin where the bulk of anticipated lithium brines are located underneath the lake in permeable layers.
• Various researches are being implemented by universities and laboratories for advancement in the ‘lithium air’ battery technology. For Instance, In March 2018, scientists from the University of Illinois at Chicago and the U.S. Department of Energy’s (DOE) Argonne National Laboratory has produced a new design for a beyond-lithium-ion battery cell that operates by running on air (hence, referred to as “lithium-air”) over many charge and discharge cycles. According to research, a system comprising a lithium carbonate-based protected anode, a molybdenum disulfide cathode and an ionic liquid/dimethyl sulfoxide electrolyte operates as a lithium–air battery in a simulated air atmosphere with a long cycle life of up to 700 cycles.