Coherent has been selected for multimillion-dollar funding under the Department of Energy, or DOE, FY23 Vehicle Technologies Office, or VTO, Program Wide Funding Opportunity Announcement. This funding will accelerate the development of Coherent’s patented chemical immobilization technology for lithium sulfur, or Li-S, battery cells to meet next-generation electric vehicle, or EV, requirements. Under this three-year program, Coherent will use the DOE funds to optimize its patented immobilized sulfur materials and cathodes for EV requirements. Coherent will build demonstration cells that target energy densities exceeding today’s best-in-class EV batteries while retaining more than 80% of their original capacity after 1,000 recharging cycles. Designing and manufacturing stable cathodes based on sulfur has long been a goal of battery researchers, as sulfur provides both higher performance and lower cost compared with current cathode materials such as nickel and cobalt.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on COHR:
- Coherent Selected for Funding by the Department of Energy for Its Li-S Battery Technology for Next-Generation Electric Vehicles
- Coherent to Showcase a Broad Portfolio of Product and Technology Innovations at Photonics West and Bios Expo 2024
- Coherent Introduces Infrared Wire-Grid Polarizers With Industry-Breakthrough Performance for Atmospheric Remote Sensing
- Coherent Introduces 532 nm HyperRapid NXT Picosecond Laser for Ultraprecision Manufacturing of Thin-Film Solar Cells
- Coherent Introduces New WaveShaper Instruments for the U- and Super C-Bands
Questions or Comments about the article? Write to editor@tipranks.com