In California, BioSolar, Inc., a developer of breakthrough energy storage technology and materials, announced that they executed a joint development agreement with Silicio Ferrosolar SLU, a subsidiary of Ferroglobe PLC, for collaborative efforts to assess, develop, and/or market silicon anode materials for high power, high energy lithium ion batteries by integrating BioSolar technology and Ferroglobe silicon materials.
Ferroglobe, a global leader in the supply of silicon metal, have various technologies that include the Electromagnetic Cold Crucible (EMCC), Fast Segregation Systems (FSS), Induction Furnaces for silicon melting, Vacuum Furnaces designed to remove volatile impurities, and special crushing machines to avoid contamination.
This joint agreement follows BioSolar’s recent announcement that it has achieved a significant performance milestone in silicon micro-particle (SiMP) anodes enhanced by its innovative silicon anode additive technology, with data suggesting its technology can achieve significantly higher capacity with lowered costs. Through this partnership, as well as other potential industry relationships, BioSolar seeks to capitalize upon what many consider to be a high growth market opportunity, as recent reports predict the silicon anode battery market will hit a CAGR of 21.5% through 2024.