https://www.neweurope.eu/article/northvolt-acquires-us-battery-technology-company-cuberg/
European supplier of sustainable, high-quality battery cells and systems, Northvolt, announced on March 10 the acquisition of US-based battery technology company Cuberg delivering high-performance lithium metal cells produced on existing lithium-ion manufacturing lines for electromobility solutions.
According to Northvolt, Cuberg spun out of Stanford University in 2015 with the goal of commercializing next-generation battery technology based on a groundbreaking liquid electrolyte combined with a lithium metal anode. Cuberg counts numerous innovative mobility companies among its customers, including Boeing, BETA Technologies, Ampaire and VoltAero. The company’s investors and financial backers include Boeing HorizonX Ventures, Activate.org, the California Energy Commission, the US Department of Energy, and the TomKat Center at Stanford.
Among Northvolt industrial partners and customers are ABB, BMW Group, Scania, Siemens, Vattenfall, Vestas and the Volkswagen Group.
“The Cuberg team has shown exceptional ability to develop world-class technology, proven results and an outstanding customer base in a lean and efficient organization,” Northvolt CEO and Co-Founder Peter Carlsson said. “Combining these strengths with the capabilities and technology of Northvolt allows us to make significant improvements in both performance and safety while driving down cost even further for next-generation battery cells.
Cuberg CEO and Co-Founder Richard Wang hailed the partnership with Northvolt to build the future of clean energy. “Northvolt brings incredible technology and manufacturing capabilities that will accelerate the commercialization and adoption of our lithium metal technology. Their deep engineering experience and bold spirit perfectly complement Cuberg’s own culture of rapid innovation,” he said.
Cuberg’s batteries, based on its breakthrough electrolyte technology for lithium metal anode, are optimally designed for commercialization. Validated by trusted third parties the cells deliver more than 70 percent increased range and capacity versus comparable lithium-ion cells designed for high-rate electric aviation applications.