Source: Getty Images/Andrii Yalanskyi
For this grant, Lyten is working with Stanford University, the University of Texas-Austin and industrial partner Arcadium Lithium
Lyten Inc., a leading supplier of 3D Graphene materials, announced Jan. 30 that it has secured a $4 million grant from the US Energy Department (DOE) to accelerate the manufacturing of its advanced lithium-sulfur battery technology.
The grant, awarded by the DOE’s Energy Efficiency and Renewable Energy/Vehicle Technologies Office, specifically targets lithium-sulfur technologies that can alleviate offshore supply chain risk for electric vehicle batteries and increase EV driving range.
Notably, the lithium-sulfur chemistry utilizes abundantly available low-cost sulfur, and has the potential to deliver greater than twice the energy density of lithium-ion nickel, manganese, cobalt (NMC) chemistries. Moreover, the lithium-sulfur chemistry does not require critical minerals such as nickel and cobalt in the cathode or graphite in the anode, enabling a locally sourced, locally manufactured EV battery.
According to the press note, the DOE grant awards for lithium-sulfur follow the passage of the National Defense Authorization Act, signed into law in December 2023 with bipartisan support, which will prohibit the US Defense Department from buying batteries produced by China’s largest manufacturers starting in October 2027. “This ban reinforces the urgency to accelerate the development and rapid scale up of rechargeable cells with alternative battery chemistries, like lithium-sulfur, that offer localized supply chains for strategic defense applications and high energy density to support mobility and transportation electrification,” it said.
For this grant, Lyten is working with Stanford University, the University of Texas-Austin and industrial partner Arcadium Lithium (formed via merger of Livent and Allkem). Separately, Lyten is a subrecipient on a DOE grant awarded to Purdue University to improve modeling capabilities for lithium-sulfur cells.
It can be recalled that in the third quarter of 2023, Lyten had raised $200 million through a Series B round, bringing total investment up to $410 million to scale 3D Graphene applications and lithium-sulfur battery manufacturing. Lyten investors include Stellantis, FedEx, Honeywell and Walbridge, among others.
Commenting on the new grant, Dan Cook, CEO and co-founder of Lyten, said, “We are encouraged by both the Department of Defense and Department of Energy’s support for alternative battery technologies, in particular breakthrough technologies like lithium-sulfur that are critical to establishing energy security and supply chain independence. The US has an opportunity to gain the lead in technological breakthroughs necessary to overcome barriers holding back mass scale electrification.”
Copyright © 2024 S&P Global Inc. All rights reserved.
These materials, including any software, data, processing technology, index data, ratings, credit-related analysis, research, model, software or other application or output described herein, or any part thereof (collectively the “Property”) constitute the proprietary and confidential information of S&P Global Inc its affiliates (each and together “S&P Global”) and/or its third party provider licensors. S&P Global on behalf of itself and its third-party licensors reserves all rights in and to the Property. These materials have been prepared solely for information purposes based upon information generally available to the public and from sources believed to be reliable.
Any copying, reproduction, reverse-engineering, modification, distribution, transmission or disclosure of the Property, in any form or by any means, is strictly prohibited without the prior written consent of S&P Global. The Property shall not be used for any unauthorized or unlawful purposes. S&P Global’s opinions, statements, estimates, projections, quotes and credit-related and other analyses are statements of opinion as of the date they are expressed and not statements of fact or recommendations to purchase, hold, or sell any securities or to make any investment decisions, and do not address the suitability of any security, and there is no obligation on S&P Global to update the foregoing or any other element of the Property. S&P Global may provide index data. Direct investment in an index is not possible. Exposure to an asset class represented by an index is available through investable instruments based on that index. The Property and its composition and content are subject to change without notice.
THE PROPERTY IS PROVIDED ON AN “AS IS” BASIS. NEITHER S&P GLOBAL NOR ANY THIRD PARTY PROVIDERS (TOGETHER, “S&P GLOBAL PARTIES”) MAKE ANY WARRANTY, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, FREEDOM FROM BUGS, SOFTWARE ERRORS OR DEFECTS, THAT THE PROPERTY’S FUNCTIONING WILL BE UNINTERRUPTED OR THAT THE PROPERTY WILL OPERATE IN ANY SOFTWARE OR HARDWARE CONFIGURATION, NOR ANY WARRANTIES, EXPRESS OR IMPLIED, AS TO ITS ACCURACY, AVAILABILITY, COMPLETENESS OR TIMELINESS, OR TO THE RESULTS TO BE OBTAINED FROM THE USE OF THE PROPERTY. S&P GLOBAL PARTIES SHALL NOT IN ANY WAY BE LIABLE TO ANY RECIPIENT FOR ANY INACCURACIES, ERRORS OR OMISSIONS REGARDLESS OF THE CAUSE. Without limiting the foregoing, S&P Global Parties shall have no liability whatsoever to any recipient, whether in contract, in tort (including negligence), under warranty, under statute or otherwise, in respect of any loss or damage suffered by any recipient as a result of or in connection with the Property, or any course of action determined, by it or any third party, whether or not based on or relating to the Property. In no event shall S&P Global be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees or losses (including without limitation lost income or lost profits and opportunity costs or losses caused by negligence) in connection with any use of the Property even if advised of the possibility of such damages. The Property should not be relied on and is not a substitute for the skill, judgment and experience of the user, its management, employees, advisors and/or clients when making investment and other business decisions.
The S&P Global logo is a registered trademark of S&P Global, and the trademarks of S&P Global used within this document or materials are protected by international laws. Any other names may be trademarks of their respective owners.
The inclusion of a link to an external website by S&P Global should not be understood to be an endorsement of that website or the website's owners (or their products/services). S&P Global is not responsible for either the content or output of external websites. S&P Global keeps certain activities of its divisions separate from each other in order to preserve the independence and objectivity of their respective activities. As a result, certain divisions of S&P Global may have information that is not available to other S&P Global divisions. S&P Global has established policies and procedures to maintain the confidentiality of certain nonpublic information received in connection with each analytical process. S&P Global may receive compensation for its ratings and certain analyses, normally from issuers or underwriters of securities or from obligors. S&P Global reserves the right to disseminate its opinions and analyses. S&P Global Ratings’ public ratings and analyses are made available on its sites, www.spglobal.com/ratings (free of charge) and www.capitaliq.com (subscription), and may be distributed through other means, including via S&P Global publications and third party redistributors.