Alsym Energy Inc

The high-performance end of the battery market is currently dominated by lithium-ion technology, however, battery pack prices have increased as much as 47% since 2021. As such, EVs are now constrained to the premium and luxury end of the market, and stationary storage and maritime integrators are struggling to find safe, affordable alternatives. The raw material supply chain is confined to a small number of countries that are prone to geopolitical instability, which increases pricing volatility. Safer, lower-cost, low-performance non-lithium options are available, primarily targeting utility-scale long-duration storage. However, these technologies are large and bulky, making them unusable for automotive and maritime applications. Alsym Energy is working to develop a high-performance offering for stationary and maritime applications that’s low-cost, non-flammable, and non-toxic—something no existing technology can match—followed by solutions for the EV market.