UK battery technology company EQONIC has announced a “breakthrough battery technology” that it says offers lower cost along with increased safety and sustainability compared to current designs.
After years of development, EQONIC says it has created a new battery system that achieves material costs of just 30% compared to traditional lithium metal batteries. This translates to a target manufactured cost of £50/kWh at scale, approximately half the current industry average.
EQONIC says its proprietary composite materials are inherently non-flammable, eliminating fire risk. The technology uses only abundant materials—no rare earth metals, no lithium and no sodium. The company’s batteries are designed for complete recyclability from conception.
“The energy storage industry is stuck in a compromise, choosing between cost, safety or sustainability,” said Jas Kandola, founder and CEO of EQONIC Group. “While others were rushing to market with incremental improvements, we took a different path: develop breakthrough technology first, then build the business around it. We hand-picked cross-industry experts and assembled a highly experienced scientific and engineering team from diverse sectors to tackle the fundamental challenges. The result is technology that costs 70% less (at material level) than traditional lithium batteries while being completely safe and sustainable.”
Rather than building its own factory, EQONIC plans to license its technology and to secure collaborations and partnerships to commercialize its innovations. By partnering with established partners, EQONIC aims to be a technology provider rather than competing directly with large-scale Asian producers.
While developing its battery technology, EQONIC has established a commercial operation selling and installing complete LFP-based energy storage solutions for B2B clients. Its current product portfolio offers low- and high-voltage batteries, on-grid and hybrid inverters, customizable power conversion systems, and air- and liquid-cooled cabinet batteries.
Source: EQONIC
