Alsym Energy, a seven-year-old Massachusetts startup, announced the development of energy storage solutions for electric vehicles (EVs), stationary storage, and marine applications. Alsym’s battery technology promises to provide the performance of lithium-ion batteries at a fraction of the cost and without the inherent risk of fire.
The company’s batteries are also less sensitive to raw material shortages and price volatility due to their use of low-cost materials with robust supply chains. To accelerate the development of these affordable battery systems, Alsym is partnering with a leading India-based automaker in a joint effort to develop Alsym’s batteries for EVs.
The automaker will construct with Alsym to supply a minimum of 3-gigawatt hours (GWh) per year of battery systems for use in its products. Alsym is also in talks with companies in the marine shipping and electric…
Alsym Energy unveils low-cost, non-flammable batteries for EVs
