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Dutch startup’s new battery material could wean Europe off Chinese graphite

The Next Web LogoThe Next Web3d ago

Dutch startup’s new battery material could wean Europe off Chinese graphite - The Next Web

Quick Summary:

Amsterdam-based startup CarbonX has secured €4mn to industrialise a new anode material that could help Europe reduce its reliance on China for graphite, a substance which makes up half the weight of a typical lithium-ion battery.  Netherlands-based VC Energy Transition Fund Rotterdam led the round.

It’s an extension on CarbonX’s €10mn capital injection announced in February, capping off the funding round at a cosy €14mn.   Graphite is the go-to material for lithium-ion battery anodes, which is the negative electrode responsible for storing and releasing electrons during the charging and discharging process.

CarbonX’s feedstock technology purportedly consumes much less energy compared to synthetic or natural graphite production.

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Article Details

Author / Journalist: Siôn Geschwindt

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-11 @ 22:25:46 (3 days ago)

News Timezone: GMT +1:00

News Source URL: thenextweb.com

Language: English

Article Length: 704 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Next Web

News ID: 24409402

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Main Topics: Technology

Official Website: thenextweb.com

Year Established: 2006

Headquarters: Netherlands

News Last Updated: 1 days ago

Coverage Areas: Netherlands

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News Language: English

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Publisher ID: #13

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