Inventor Pradip K. Bhowmik
His expertise includes Organic and Polymer Synthesis, Nanomaterials Synthesis, Green Chemistry, Ionic Liquids, and Anticancer Drugs
Invention
Lithium-ion batteries (LIB) are crucial components as energy-storage devices in many consumer electronics including laptops and smartphones. Demands for their large-scale utilizations are ever-increasing growth along with rapid expansion of the electric vehicles market. Although considered to be safe as final products, at the cell-chemistry level LIBs rely on flammable organic liquid electrolytes and impose safety risks. Solid-state batteries, in which solid electrolytes are used as ion-conductive pathways have garnered attention because of the higher thermal stability of solid electrolytes compared to conventional liquid electrolytes in LIBs. If SSBs can be made cost-effective and achieve comparable performance with LIIBs, the replacement of LIBs with SSBs will be viable to develop this new technology.
Benefits:
Market Opportunity:
As found by IBISWorld, battery manufacturing in the US is a growing industry at a rate of 1.8% CAGR between 2024 and 2029 with a current revenue of $11.9B. Another report specifically regarding lithium battery manufacturing in the US is listed with a revenue of $1.9B with a 3.1% CAGR between 2023 and 2028.
Intellectual property