South Korean battery startup Grinergy has signed a deal with UK battery materials company Echion Technologies for its XNO niobium-anode material.
Grinergy will use XNO in the fast charging battery system it is developing. XNO is designed to support high output, strong thermal stability and fast charging. The company plans to launch XNO-based battery products starting in the second half of 2025.
Grinergy says the XNO-based battery is expected to have an energy density 50% higher than that of lithium titanate batteries, and to cost 20% less.
Grinergy aims to quickly enter markets that require high-speed charging and discharging and high safety, such as the railway, defense and logistics industries. To achieve this, the company plans to collaborate with leading domestic and international companies and research institutes.
“The collaboration with Grinergy is an important milestone in accelerating the global commercialization of XNO,” said Jean de la Verpilliere, CEO of Echion Technologies. “We look forward to working together to provide sustainable and innovative solutions in the global battery market.”
Source: Echion Technologies
