ElevenEs produces prototype of the largest LFP battery cell in Europe
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ElevenEs has developed what it says is the first and largest full-size LFP (lithium iron phosphate) battery cell in Europe. The first batches of the LFP battery cell are scheduled for delivery in the first quarter of 2023 for customer testing.
LFP technology, which will account for 40 percent of the global battery market in 2022 according to Bloomberg NEF, is characterized by greater safety, lower costs and greater sustainability (it does not rely on nickel and cobalt). In addition to the increased safety in electric vehicles, LFP batteries also guarantee twice the operating time of the most common competing technologies. In recent months, leading car companies such as Tesla, Volkswagen, BMW, Mercedes, Ford and others have already introduced LFP cells in their fleets.
“After developing and testing more than 500 laboratory sample cells, we developed the final cell chemistry and design and grew to an international team of nearly 50 people. We are right on schedule and expect to close our Series B funding round later this year, expand our manufacturing capacity to 300-500 MWh and bring more strategic investors on board to further accelerate our growth,” explains Nemanja Mikać, CEO of ElevenEs. In addition, he emphasizes that ElevenEs will offer the market three different EDGE battery cell sizes in prismatic format, which are competitive with all mass-produced batteries currently available on the global market.
Aluminum processing as a key component in electrode production
ElevenEs is an industrial spin-off of Al Pack Group, a multinational aluminum processing leader with nearly three decades of experience and know-how in high-precision aluminum processing, a key component in the electrode production that forms the active part of the LFP battery.
The laboratory and R&D center has been operational since June 2021, and the first phase of the production facility is due to be completed in January 2023. The first phase of production with 8 GWh is expected at the end of 2025. This capacity is enough to supply batteries for 200,000 cars per year. A further expansion plan will be published soon.
Despite the increasing number of start-ups announcing expansion plans, the battery market in Europe remains underserved.
The growth of companies like ElevenEs, which are well advanced in product development, is based on a clear focus on the products and a well-executed industrialization strategy. The demand in Europe for sustainable and localized batteries is increasing. As a result, the reliability and product leadership of European battery manufacturers is becoming increasingly important.
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