{"id":898,"date":"2024-11-28T15:54:49","date_gmt":"2024-11-28T15:54:49","guid":{"rendered":"https:\/\/www.techsparx.co.uk\/south\/?p=898"},"modified":"2024-11-28T15:54:51","modified_gmt":"2024-11-28T15:54:51","slug":"echion-secures-10m-to-accelerate-niobium-battery-technology","status":"publish","type":"post","link":"http:\/\/www.techsparx.co.uk\/south\/funding\/echion-secures-10m-to-accelerate-niobium-battery-technology\/","title":{"rendered":"Echion secures \u00a310M to accelerate niobium battery technology"},"content":{"rendered":"\n<p>Cambridge&#8217;s Echion Technologies, a global leader in niobium-based anode materials, has secured a \u00a310 million investment from Barclays Sustainable Impact Capital and existing investor BGF. This funding will expedite the commercialisation of Echion&#8217;s XNO\u00ae anode material, which enables ultra-fast charging and long-life lithium-ion batteries.<\/p>\n\n\n\n<p>The investment will be used to accelerate cell production, support Echion&#8217;s network of partnered cell manufacturers to bring XNO\u00ae-powered cells to market., expand market reach by providing additional resources to connect cell manufacturers with industrial OEMs. It will also enable Echion to scale up production of XNO\u00ae at the world&#8217;s largest niobium-based anode facility, which opened in November 2023.<\/p>\n\n\n\n<p>Echion&#8217;s XNO\u00ae material offers significant advantages over traditional lithium-ion battery technologies. It provides ultra-fast charging in less than ten minutes and extreme temperature performance, maintaining high energy density in harsh conditions, making it ideal for demanding applications.  XNO\u00ae also has a long cycle life, delivering over 10,000 cycles and is particularly well-suited for powering heavy-duty vehicles and industrial equipment, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Battery electric and hybrid trains<\/li>\n\n\n\n<li>Mining haul trucks<\/li>\n\n\n\n<li>Electric buses<\/li>\n\n\n\n<li>Heavy-duty industrial transport and delivery vehicles<\/li>\n<\/ul>\n\n\n\n<p>By addressing the limitations of current battery technology, XNO\u00ae has the potential to revolutionise various industries and accelerate the transition to a sustainable future.<\/p>\n\n\n\n<p>Jean de La Verpilliere, CEO of Echion Technologies,<em><strong> <\/strong><\/em>commented: <em>\u201cThis investment by Barclays and BGF is strong recognition of the value delivered by XNO\u00ae. By utilising XNO\u00ae, cell manufacturers can deliver the most-innovative, sustainable, and high performing batteries to facilitate the effective electrification of heavy-duty vehicles. It is gratifying to have some of the world\u2019s leading investors support our ambitions and cement their belief in XNO\u00ae by investing significant capital. Their investment will enable us to take the next major step forward in our fast-moving company journey.\u201d<\/em><\/p>\n\n\n\n<p>Image source: <a href=\"https:\/\/www.echiontech.com\/news\/echion-raises-a-further-10-million\">Echion Technologies<\/a> (L-R: Jean de la Verpilliere, Co-Founder and CEO, and Dr Alex Groombridge, Co-Founder and CTO)<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cambridge&#8217;s Echion Technologies, a global leader in niobium-based anode materials, has secured a \u00a310 million investment from Barclays Sustainable Impact Capital and existing investor BGF. This funding will expedite the commercialisation of Echion&#8217;s XNO\u00ae anode material, which enables ultra-fast charging and long-life lithium-ion batteries. The investment will be used to accelerate cell production, support Echion&#8217;s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":899,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,237,18,22,30],"tags":[216],"class_list":["post-898","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-electronics","category-ev","category-funding","category-manufacturing","category-tech","tag-cambridge"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Echion secures \u00a310M to accelerate niobium battery technology - Regional technology news - South - TechSparx - Business technology stories in the South<\/title>\n<meta name=\"description\" content=\"Echion Technologies secures \u00a310m investment to accelerate the development of its niobium-based anode material, XNO\u00ae. 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