Amprius Claims Big Step Forward on Next-Gen Li-ion Batteries

Background on Amprius

Amprius has been working on world-changing battery technology for over 12 years. Founded in 2008 at Stanford University, the company gained significant expertise in the field, and in 2014, former US Secretary of Energy Steven Chu joined the board of directors. Earlier this year, Amprius expanded its high-energy-density battery production at its California facility, actively pushing to transform the electric mobility sector.

Current Developments

Recently, Amprius signed a non-binding Letter of Intent (LOI) with a Fortune Global 500 technology OEM to develop high-energy SiCore™ cylindrical cells for Light Electric Vehicle (LEV) applications. This LOI indicates the intention of both parties to enter into a commercial supply agreement covering the next 5 years. The Fortune Global 500 company holds a strong presence in the LEV industry and aims to enhance its offerings through this strategic partnership. Potential future business could bring Amprius battery production orders exceeding 2 GWh over the contract's duration.

Key Features of the Batteries

• Energy Density: The new batteries will offer significantly greater energy density compared to existing solutions. Amprius aims for a 25% capacity improvement over the industry standard.
• Performance Specifications: Though still being finalized, the collaboration aims to substantially increase energy capacity, constituting a major milestone for both companies.

Production Capacity

Amprius has secured an annual production capacity of over 125 million SiCore cylindrical cells through contract manufacturing partnerships, with additional capacity expected by 2025. Shipments of these cells are slated to begin this year.

Industry Impact

The partnership underscores Amprius’ leading battery performance capabilities, promising significant improvements in product range and performance across various industries. According to Dr. Kang Sun, CEO of Amprius Technologies, this development adds another Fortune Global 500 company to their growing customer base, marking a strong inroad into the light electric vehicle space.

Future Prospects

As Amprius initiates its first serious scaling up of production, it moves closer to broader commercial applications. While the article did not dive into cost-competitiveness details, it is crucial that the new batteries remain affordably priced given the performance improvements. Success in this venture could significantly elevate Amprius' role in the industry.

Conclusion

Amprius is making remarkable strides in next-generation Li-ion batteries, highlighted by the non-binding LOI with a Fortune Global 500 company. This collaboration has the potential to vastly enhance LEV performance, representing a major milestone. Amprius' future looks bright as it scales production and secures a stronger foothold in the electric mobility market.