24M Technologies, Inc. a spinout of MIT (Massachusetts Institute of Technology) recently secured a $9 million funding award from the U.S. Department of Energy's ARPA-E (Advanced Research Projects Agency-Energy). The company will utilize the funding to develop and scale high-energy density lithium metal anode cells for electric aviation. The aim is to overcome the performance and cost limitations of current lithium-ion technologies using 24M's unique SemiSolid platform.

By incorporating a lithium metal anode and SemiSolid cathode, 24M plans to create batteries that offer superior power, improved energy density and lower costs for electric aviation applications. The company will also establish a commercial pilot line for customer validation and pave the way for large-scale gigawatt production capacity of the new lithium metal battery technology.

Source: MIT

The funding was awarded through ARPA-E's SCALEUP program, which focuses on scaling high-risk and potentially disruptive technologies across various energy applications. This support will accelerate 24M's commercialization efforts and enable the company to bring its innovative cell technology to market more rapidly.

24M Technologies is dedicated to providing affordable energy storage solutions through its SemiSolid lithium-ion technology. By redesigning battery cells and manufacturing methods, the company aims to overcome the longstanding challenge of high costs while improving performance.