PolyPlus, a Californian firm that’s growing a chargeable lithium metallic battery with a conductive glass separator, has entered a improvement settlement with Korean power and chemical firm SK Innovation.
The collaboration is concentrated on PolyPlus’s solid-state lithium anode laminate. The businesses’ preliminary purpose is to provide and check prototype cells to reveal elevated volumetric and gravimetric power density and cycle life relative to current Li-ion cells.
SK is offering improvement funding, and is receiving an choice to make an funding in PolyPlus fairness at a capped worth per share and an possibility to barter a license to PolyPlus know-how for EVs.
PolyPlus CEO Steve Visco mentioned, “SK offers complimentary capabilities to facilitate the commercialization of PolyPlus’s distinctive glass-protected lithium metallic battery know-how within the automotive subject.”