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At Crystron Technologies, we have developed a novel Cathode Active Material manufacturing technology (Venus3) which is an environmentally friendly and cost effective alternative to LFP and NMC
Venus3 will result in 80% lower energy consumption and emissions, 40% lower production cost, zero waste, and zero water consumption
Market Opportunity
The global shift towards electrification has created an unprecedented demand for lithium-ion batteries. The EV market is projected to grow at 16% CAGR, with CAMs representing over 30% of total battery costs
The Li-ion battery market is expected to grow from $132bn in 2023 to $509bn in 2033 at a CAGR of more than 14% with strong growth in the e-mobility and energy storage sector.
Cathode Active Material (CAM) represents 27% of total Li-ion battery cost. Iron-based CAM will represent approximately half of the total demand, growing from 5M metric tons/yr in 2030 to 9M metric tons/yr by 2035 with a CAGR of ~13%.
LiFePO4 (LFP) is the most common iron-based CAM. Almost all of the CAM material is currently imported into the US from overseas with only a few pilot scale production plants onshore.
Current LFP technology involves complex supply chain and multi-step manufacturing process resulting in high production cost. Additionally, LFP generates 1-2 ton of waste material for every ton of CAM produced.
In contrast, Venus3 consumes 81% less electricity and has 40% lower production cost due to lower operating and capital expenses. Venus3 has zero waste generation and consumes no water.
Venus3 Value Proposition
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