We’re pleased to welcome California Lithium Battery to the LACI community as our newest portfolio company.
California Lithium Battery Inc. is a start-up California company established in 2011 to develop and manufacture the most technologically advanced and affordable lithium battery for grid scale energy storage, transportation, and renewable energy industries. The company is owns exclusive and non-exclusive rights from Argonne National Laboratory for all applications to a newly patented “Game Changing” silicon embedded in graphene process that test indicate will substantially improve the performance of lithium battery anodes by 3X. This new “GEN3” composite battery technology when combined with other advanced battery materials could become a disruptive renewable energy and EV technology by effectively lowering Li-ion battery cost up to 70%. The Company’s goal is to become the leading United States-based developer and manufacturer of advanced, safe, high-performance Very Large Format (VLF) lithium batteries for utility energy storage, EVs, and specialized industrial applications. Its initial focus is to serve the stationary utility grid power market segments in North America, Europe and Asia. CalBattery plans to manufacture and assemble the GEN3 lithium battery in a Los Angeles-based plant and to increase global production capacity of cells as required.