The market is projected to reach USD XX billion by 2021, at a CAGR of 18.25% during the forecast period, 2017 to 2022.
Global battery market is expanding every year and the usage of reusable batteries is increasing with the rise in their adoption in many industries. With the new technologies evolving, the investments for research and development activities for the batteries are also increasing. Japanese company, Power Japan Plus has recently come up with a new idea of dual carbon batteries, which is still in development stage. It is expected that potential of these batteries is increasing as they can get charged twenty times faster and lasts longer than high-end lithium ion batteries. This provides a huge advantage and can be used in multiple applications.
The battery, which is cheap to manufacture, safe and environmental friendly, could be ideal to improve the range and charging times of electric cars. The market for electric bikes and cars is roaring up in the recent years. The dual carbon battery technology would allow you to charge a car in hardly 10-12 minutes instead of four hours. Also, it has an expected capacity of 24 kWh and would give a charging time of around 42 minutes for the 85 kWh battery of a top of the line car.
The electric vehicles with the ability to drive 337miles (542 km) on a single charge is already a reality (for example, Tesla, using Lithium Ion batteries) and this is expected to change with this new dual carbon battery technology. The dual carbon new battery is cheaper, safer, and 100% recyclable, making it an attractive option that could bring high-performance electric cars to market more quickly. The Ryden dual carbon battery could be the energy storage break-through needed to bring green technology like electric vehicles to mass market.
The construction of this battery is very simple. The anode and the cathode of the battery are both made out of carbon with an organic electrolyte solution that allows for ion current to flow separately. This also does not require the use of any rare Earth metals or other rare metals, significantly cutting down on the price of each unit.
Thermal stability means that this battery will not heat up while in use or during charging, and removes the threat of thermal explosion and making for a safer battery. This also means that expensive cooling systems do not need to be used, also driving down the price. The battery is stable enough to be discharged completely without harming the longevity of the product. Currently, the Ryden battery is rated for 3,000 charge/discharge cycles before the function of the battery begins to diminish. To put that into perspective, current electric cars advertise 300-500 charge cycles before the owner needs to think about replacing the battery.
The commercial production of dual carbon batteries is expected to begin soon. The batteries produced are slated to be used in satellites, medical devices, and electric vehicles followed by other industries.
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