Basquevolt, specialist in solid-state technology for mobility and stationary energy storage applications, expects to start producing 20Ah battery cells by the end of this year at its plant in Vitoria-Gasteiz, in the Álava province of northern Spain. The batteries will support the use of electric vehicles, making them more accessible and affordable to a wider range of consumers.
The company has been testing its first multilayer cells since last April and revealed potential reductions in overall battery pack costs. The battery cells can be produced through a more efficient, less complex process, creating a 30% reduction in the capital investment needed per GWh in a gigafactory and 30% less energy used per kWh produced, compared to lithium-ion batteries.
“Our dedicated research and development team has successfully overcome technical challenges to deliver a cost competitive solid-state battery technology that offers a very high energy density,” said Francisco Carranza, Basquevolt’s Chief Executive Officer. “This breakthrough has the potential to revolutionize multiple sectors, including transportation and energy storage. We remain committed to further refining our solid-state battery technology and collaborating with industry partners to bring this innovation to the market, driving positive change on a global scale.”
Just one year after its creation, with more than 40 employees from 15 different nationalities, Basquevolt has assembled a team of international experts and local talent, fostering a diverse and innovative work environment, now working at full capacity in the development and industrial scale-up of the solid-state battery technology competing with the most advanced companies in the world.