![]() Department of Energy have invested in this technology.ĮSG investing might limit portfolio diversification because it excludes certain companies and industries. Organizations such as Harvard’s Climate Change Solutions Fund, Harvard’s Physical Sciences and Engineering Accelerator, MassCEC Catalyst Program, Harvard Data Science Initiative, Harvard FAS Dean’s Competitive Fund for Promising Scholarship, and the U.S. It has been granted an exclusive license from Harvard University’s Office of Technology Development to scale up batteries for future use. That's about three months worth of charging for a typical EV driver. In 2021, it was incorporated and later received its first round of venture funding in early 2022 from Primavera Capital Group, Rhapsody Partners, and MassVentures.Īdden Energy's goal is to scale the battery from a coin-cell prototype to a palm-sized pouch cell, and then upward toward a full-scale vehicle battery in the next three to five years. and Founder of Primavera Capital, then joined and advised the team on the commercialization of this technology. Paulson School of Engineering and Applied Sciences.įred Hu, a Harvard economics Ph.D. In 2015, doctoral students William Fitzhugh and Luhan Ye began the initial research and development on solid-state batteries at Li's group at Harvard's John A. Do not reproduce without permission.Adden Energy was founded in 2021 by a team of Harvard scientists, alumni, and venture capitalists, led by Professor Xin Li. Related article: New battery technology is on the way, and it could fix the most common issues on EVsĢ022 All Rights Reserved. ![]() is also part of.Īccording to Business Wire, Aidan co-founder Lee said that if we are to move towards a clean energy future, “electric vehicles cannot remain a luxury fashion.” Lee also emphasized that there is literally ‘one percent’ of vehicles on the road, and that if EV batteries lasted only 3 to 5 years, the used car market in the United States would not. “Aden Energy’s mission is to develop cutting-edge battery technologies, to drive mass adoption of electric vehicles and contribute to a greener and more sustainable global economy,” said Fred Hu, who serves on the Global Board of the Nature Conservancy. The team wants to start with a working battery the size of a human palm before moving on to full-sized batteries that can be installed in EVs. Aidan Energy secures $5.15 million in fundingĪccording to Elective, the Harvard startup has now received a technology license and has closed a $5.15 million USD seed funding round. Battery advancements, such as solid-state batteries, will reduce the environmental impact of maintaining an EV. The metals found in lithium-ion batteries, such as cobalt, nickel and manganese, are dangerous and can contaminate waterways and ecosystems if they leak out of landfills. The battery is also said to be significantly more stable and durable, allowing for a longer lifespan. To put this in perspective, most modern batteries, such as lithium-ion batteries, have a lifespan of just over 2000 cycles.Īccording to a report by Mashable, the battery is designed and manufactured from high-density solid-state materials, eliminating the dangers and potential risks typically associated with lithium-ion batteries. Read also: Tesla EVs: Elon Musk says driver can charge battery to 100% without strain or damage-why?Īccording to Eden Energy, the solid-state battery prototype, which is barely the size of a small coin, can be fully charged in three minutes and claims a durability of 10,000 cycles. The Harvard team that has lauded its startup Aidan Energy includes Xin Lee, William Fithug, Luhan Ye and Fred Hu. Harvard researchers develop a solid-state batteryĪ team of Harvard researchers took on the challenge of creating a more durable battery with the introduction of a new type of battery called the solid-state battery. ![]() Also, these new batteries will be more eco-friendly. Electric vehicles will soon use new battery technologies that offer greater range, faster charging, lower sticker prices, and lower range degradation. With the transportation industry shifting to EVs, more research is warranted to address the growing demand for high power and durable batteries. He predicts that in ten years not only half of the cars in America will be electric, but almost all of them will be autonomous as well. According to a report in Futurism, Elon Musk made a bold prediction about the future of passenger transportation in a 2017 speech to the National Governors Association. Tesla magnate Elon Musk believes that electric vehicles (EVs) are the future of transportation. John Lopez, Tech Times 14 September 2022, 09:09 am
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