

But doing this virtually on a computer is much faster and cheaper. To make solid-state batteries that work well, you need to experiment with a lot of different compounds and see how they perform under various stress tests.ĭoing this physically would take forever and cost a fortune. That’s because solid-state batteries depend on a lot of complex chemical reactions. Solid-state batteries are among the most amazing and innovative technological breakthroughs of the 2020s.īut the impossible is only becoming possible now because of computing advances. Indeed, we think QS could go up by 10X from here…īut QuantumScape stock is not the only solid-state battery stock with huge potential … The Final Word on the Forever Battery Obviously, QuantumScape stock is one way to profit from the forever battery revolution. It has made a solid-state battery that can power a car!Īnd within a few years, QuantumScape will start selling those next-gen EV batteries – and raking in billions of dollars in profits.
#Solid state battery vs lithium ion cracked#
In other words, QuantumScape has cracked the code. The company has already made several deals with automakers, including Volkswagen, who plans to have 25 million EVs on the road by 2030. QS started sending prototypes a few years ago to car makers, and it got positive feedback. In December 2022, the company began sending out its 24-layer cell prototype! But since then, the company has scaled up its breakthrough battery technology to 10-layer and 16-layer cells. That’s exactly what QuantumScape did at the end of 2020, with a single-layer battery cell. So, the key to making solid-state batteries is finding a solid electrolyte material that can resist dendrites. They grow bigger and bigger until, eventually, they ruin the battery. Previous efforts to create a working solid-state battery were thwarted by “dendrites.” These are tiny cracks that form in the solid electrolyte when the battery charges and discharges. Thirteen years later, they have achieved the impossible: a solid-state battery that actually works. Together, in 2010, they founded QuantumScape ( QS ) and set out to revolutionize the battery industry. While solid-state batteries have long been a pipe dream, a group of brilliant Stanford professors and scientists partnered with tech leaders to get funding from top-notch venture capitalists. Forever Battery: The Impossible Just Became Possible ” And that’s why these forever batteries are the key technology to accelerate the EV Revolution to the next level. That’s why some experts call solid-state batteries “ forever batteries. Ions move between the cathode and anode through the electrolyte, creating electric current. So how do we make a better battery? Well, how much do you remember from your AP chemistry course? The Battery Conundrumīatteries comprise three essential components: a cathode, an anode, and an electrolyte. Without better batteries, the EV Revolution will remain a niche phenomenon rather than a mainstream reality.

This is not a trivial task, but it is a necessary one. To overcome these challenges, we need to develop better batteries that can store more energy, charge faster, last longer, and cost less. InvestorPlace - Stock Market News, Stock Advice & Trading Tips

These factors limit the range, performance, and affordability of electric vehicles. Today’s batteries are expensive, heavy, slow to charge, and prone to degradation. īatteries are essential for powering electric vehicles, but they also pose significant challenges.
#Solid state battery vs lithium ion full#
It has since been updated to include the most relevant information available.Īs passionate as I am about electric vehicles and their potential to transform the transportation sector, there is one major obstacle that prevents EVs from reaching their full potential: the limitations of current battery technology. Editor’s note: “The Forever Battery That Promises to Change the EV Industry ” was previously published in March 2023.
