Solvay Ushers in the Development of Solid State Battery Materials in Europe
- 21-Oct-2021 5:56 PM
- Journalist: Peter Schmidt
In recently made announcements, Solvay revealed several investment plans related to advancing its work in the development of solid state electrolytes for batteries. The investment includes a research centre and a new R&D pilot line in France. Solvay is leading the advancement of inorganic materials for solid electrolytes which is a key component of solid state batteries. With the proposed investments Solvay is looking forward towards accelerating the scale up of these materials. The operations are expected to roll fully by the second quarter of 2022.
With the proposed investments Solay has shown ambitions towards accelerating the transition towards e-mobility. The solid state batteries which will eventually be manufactured from the solid state electrolytes have the potential to deliver increased range, shorter charging time, and enhanced safety to electric car users.
The company’s facility in Paris-Aubervilliers and La Rochelle will be playing a critical role in the region for supplying advanced materials for the next generation of batteries.
Battery materials are the advanced materials which are employed in the manufacturing of automotive batteries including the batteries for electric vehicles. The global demand for battery materials stood at around 500 kilotons in 2020 and is expected to grow at a healthy CAGR of around 10% during the upcoming years.
As per ChemAnalyst, the proposed investment plans of Solvay towards advancement of solid state electrolytes for battery materials are targeted towards capturing the growing demand for electric vehicles. The demand for electric vehicles batteries is expected to grow exponentially and therefore the demand for battery materials is also expected to grow at a high rate in the medium term. Solvay is positioned at a leading role in the development of solid state electrolytes for batteries and the company will be fulfilling its targets of developing more sustainable material solutions with the proposed investment.