Revolutionizing Electric Vehicles: How Flow Batteries Could Change the Game
How flow batteries could overcome the limitations of lithium-ion batteries and revolutionize the electric vehicle industry: a deep dive scenario.
Hey there 👋
Welcome to our #4 edition of Deeptech Briefing!
Today we’ll deep dive into the world of Flow Batteries and why they could be a game-changer in the Electric Vehicle industry.
(🚨 Spoiler alert: they could be the safer, cheapest, most eco-friendly, and fastest-charging battery ever!) 🤯
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And now let’s dive into Flow Batteries for Electric Vehicles (EVs) 🚗 🔋.
Why do Flow Batteries matter today?
The electric vehicle revolution is well on its way to dominating the automotive industry, but these incredible machines are far from perfect.
Even Tesla, arguably the leader in the electric vehicle market, still struggles with long charging times, inadequate range, supply chain instability, high entry costs, battery degradation, and the environmental impact of production, not to mention the fact that lithium-ion batteries have an annoying tendency to catch fire, creating a new need for extensive safety measures to be put in place.
Don't get us wrong, Teslas are fantastic. But let's face it, if we want the world to go electric and reach our climate goals and save the planet, we need to do better.
The EV revolution won't go mainstream until we make better batteries!
And now imagine...you've run out of battery in your electric car, but instead of having to plug it in and wait for the battery to fill up, you could instead refuel at a gas station in just a few minutes with a fluid full of electric energy, just like you would for a combustion engine car. 🤯
We mean, something like this:
How is this possible?
If you're short on time, here's what you need to know:
🎯 Key points
Electric Vehicles (EVs) are becoming more prevalent, but they still face issues like long charging times, inadequate range, high entry costs, and environmental impact. Better batteries are needed to make them more attractive.
According to a Castrol study, the average electric car needs to offer charging times under 31 minutes, a range of 470 km, and cost less than $36,000 to achieve mass adoption to reach mass adoption.
BloombergNEF predicts that the magic spot for EV prices will be competitive with internal combustion engine costs when battery costs fall below $100 USD/kWh.
Flow batteries show potential in addressing concerns about electric car performance and usability and have the potential to revolutionize the electric vehicle market. The flow battery market is expected to reach USD 5 billion by 2026 with a CAGR of 18.0%.
Most of these use a vanadium electrolyte solution, unlike lithium-ion batteries. It is one of the most promising flow batteries out there. Basically, it has an almost infinite life cycle, almost no degradation, and enormous safety margins. Moreover, it is almost 100% recyclable and is incredibly environmentally friendly and inexpensive.
Let’s deep dive into Flow Batteries' Deeptech companies and future perspectives!
See you next week!
Best,
The Scenarionist Team
Disclaimer
Be aware: this is not investment advice! This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. DYOR - Do Your Own Research.
The technologies and companies mentioned are not part of our investments, nor do they pay us for promotional purposes.
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