The plan is to optimize electrochemical and microstructural electrode performance, as well as developing electrode and battery manufacturing techniques using the two companies’ proprietary materials. The companies see a real synergy between Boston-Power’s battery engineering and design capabilities and the new XG-SiG anode materials. Boston-Power has the ability to design and manufacture the battery, while XG Sciences has the ability to customize the anode materials to best fit the Boston-Power system.
Boston-Power is a global supplier of lithium-ion battery products that primarily focuses on electric vehicles, so it sees great value to managing to get more energy out of the same size batteries. Energy density is also an important factor in reducing the overall cost of electric vehicles, which will drive their adoption over the next 5 years.
In January 2014, Samsung invested in XGS to co-develop graphene-based batteries. In April 2013 XG Sciences launched its new graphene-based anode materials for Li-Ion batteries that has four times the capacity of conventional anodes. The new anode materials use the XG's xGnP graphene nanoplatelets to stabilize silicon particles in a nano-engineered composite structure. Later in November 2013, XGS has been awarded $1 million in funding from the US Department of Energy for continued development of these lithium-ion battery materials.