Paraclete Energy achieves low-cost battery energy storage at $35/kWh compared to $53/kWh for LFP.

In light of recent reports of falling LFP battery costs, Paraclete Energy, a leading supplier of silicon-based anode materials for the electric vehicle and lithium-ion battery markets, today announced a significant advancement in battery technology. The company’s new 100% SILO Silicon™ anode materials deliver exceptional energy density and cost efficiency, achieving a groundbreaking cost per kilowatt hour (kWh) of $35.

This makes Paraclete Energy’s SILO Silicon™ anode materials a highly competitive alternative to traditional graphite anodes commonly used in LFP batteries, which currently cost $53/kWh. The cost reduction achieved by SILO Silicon™ is due to advanced materials science and optimized manufacturing processes, and solidifies the role of Paraclete Energy’s technology as a transformative force in the industry.

Jeff Norris, CEO of Paraclete Energy, said:

The recent drop in LFP battery prices underscores the industry’s commitment to affordability and sustainability.

“Our SILO Silicon™ anode technology is a strong indicator of cost-effective and high-performance energy storage, not only pointing to significant cost reductions but also setting a new benchmark for the rapid adoption of electric vehicles and renewable energy solutions.”

Paraclete Energy’s SILO Silicon™ anode materials offer an impressive energy density of over 520 Wh/kg, significantly exceeding the performance of conventional graphite anodes. This increased energy density enables batteries to deliver more energy for longer periods of time, making them ideal for electric vehicles and stationary energy storage applications. The company’s commitment to pushing the boundaries of battery technology is in line with the global shift toward renewable energy and the increasing demand for efficient and affordable energy storage solutions.

Paraclete Energy is dedicated to advancing battery technology and improving access and affordability of renewable energy solutions. The company’s groundbreaking developments will play a critical role in reducing global carbon emissions and supporting the widespread adoption of sustainable energy practices.

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Paraclete Energy achieves low-cost battery energy storage at $35/kWh compared to $53/kWh for LFP. Source