Never before have developments in large scale batteries been as coveted as they are today. The need to store electrical energy, for such things as alternative energy systems, industrial and critical service backup, and off-site project requirements, has never been greater. And now there is a significant new demand. The increased move to hybrid and all-electric vehicles has created a mounting call for more efficient electrical storage solutions, a requirement that is expected to continue expanding for decades.
The ever-rising cost of gasoline, together with worldwide concerns over the environment, have resulted in an unprecedented demand for automotive solutions that rely partially or totally on stored electric power. But the growing popularity of automotive electricity has been tempered by what has been described as the brick wall of battery technology. Traditional batteries don’t carry the stored power necessary for satisfactory automotive performance, especially considering their weight. Lithium-ion batteries, on the other hand, have a good power to weight ratio, but can ratchet up the price beyond the average buyer’s budget.
Toyota has gone on record as saying that the high cost of lithium-ion batteries could seriously limit their automotive application. Although Toyota is expected to use lithium-ion for some of its vehicles, Takeshi Uchiyamada, Executive VP with global responsibility for Toyota’s research, has said “Unless there is a very big breakthrough in battery costs I don’t think electric vehicles can take a large market share.” The company has indicated that the cost/range barrier for battery-electric vehicles could last until 2020.
The timing couldn’t be better for Zentric Inc., a Canadian based developer of advanced battery technologies. Zentric has acquired the exclusive rights to, and is continuing to develop, a new battery that promises major increases in battery performance, without the high cost of lithium-ion. Using a technology originally developed in the laboratories at the University of Hong Kong, the battery combines metal hydride and lead-acid materials, producing a battery with much higher voltages and power than traditional lead-acid batteries, but costing much less than lithium-ion batteries.
Zentric has already signed an agreement to build and operate a battery production operation in China, where the demand for new battery technology is considered critical.
For more information on Zentric, and their new battery technology, visit www.ZBatt.com
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