Mentioned:
A publicly traded company on the Nasdaq has a new ambition: building batteries for space.
What’s happening:
- Solidion Technology (NASDAQ: STI) has unveiled their patented Generation Extreme-Climate Battery which is purpose built for satellites, crewed spacecraft and lunar infrastructure
Why it matters:
- Solidion Technology has publicly stated that their Generation Extreme-Climate Battery has been validated to function in extreme cold temperatures due to graphene-based materials integrated into the cell architecture for thermal conductivity and radiation resistance
Going deeper:
- The Generation Extreme-Climate Battery is protected by multiple patents issued to Solidion Technology for using graphene to manage heat and radiation inside battery cells
- Solidion Technology has also developed a battery platform which includes solid-state lithium-ion cells, anode-less lithium metal and high energy density lithium-sulfur batteries
Market reaction:
- Shares of Solidion Technology surged more than +356% following the announcement
The fine print:
- Solidion Technology has not deployed or validated their Generation Extreme-Climate Battery in space or any orbital missions yet
