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Electrovaya (TSX:EFL) granted U.S. patent for lithium-ion electrode

Technology
TSX:EFL
30 June 2022 15:30 (EDT)
Electrovaya - Elmira Memarzadeh, Director of Engineering Programs.

Source: Electrovaya.

Electrovaya (EFL) has received a U.S. patent for a unique battery electrode microstructure.

The electrode, made with Electrovaya’s proprietary NMP-free technology, may enable higher energy density lithium-ion batteries with superior distribution of active and non-active materials.

The patent – US11,355,744B2 – is titled “Lithium-Ion Battery Electrode with Uniformly Dispersed Electrode, Binder and Conductive Additive”.

The company may pair its technology with lithium metal or silicon-based materials to create the next generation of lithium-ion batteries.

“Innovations such as these, which Electrovaya is pioneering, are part of the company’s contribution to the much-needed global energy transition to address climate challenges,” stated Dr. Raj DasGupta, CEO of Electrovaya.

Electrovaya is focused on supplying lithium-ion batteries to address climate change and accelerate global electrification.

Electrovaya (EFL) is up by 10.29 per cent trading at $0.75 per share as of 2:45 pm EST.

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