Today zinc-ion battery company Enerpoly announced it has been awarded an $8.4 million three-year grant from the Swedish Energy Agency, to establish the world's first megafactory to manufacture zinc-ion batteries.
The manufacturing plant named 'Enerpoly Production Innovation Center (EPIC) is the first of its kind, with a final capacity throughput of 100 MWh annually.
Co-founded in 2018 by Mylad Chamoun (CTO) and Dr. Samer Nameera (CSO), and led by Eloisa de Castro, Enerpoly has raised €12.6M to date.
Expanding on Dr. Chamoun's prior research from Stockholm University, Enerpoly has developed an innovative zinc-ion battery technology from abundant and easily recyclable materials, such as zinc and manganese.
Enerpoly's zinc-ion batteries are insulated from supply chain issues and price volatility, providing reliable and economical energy storage.
Enerpoly's battery technology, characterised by its non-flammable and non-explosive properties, is well-suited for use in challenging applications, such as critical infrastructure and densely populated urban areas.
The project roadmap for the grant includes:
- Developing automated manufacturing systems to streamline processes.
- Improving energy efficiency in cell production.
- Ensuring optimal productivity and safety at the plant.
Enerpoly will also work to build a sustainable European value chain, strengthen intellectual property protection, and further expand its workforce in Sweden. This is a step towards greater energy security and accelerated adoption of renewable energy, which aligns with the EU's 2050 climate neutrality goal.
According to Enerpoly Co-founder and CTO Mylad Chamoun:
"This is a major milestone for Enerpoly, and for zinc-ion battery technology globally. Our EPIC zinc-ion plant, we will showcase how this technology is scalable and can enable the large-scale adoption of renewable energy.
"With the backing of partners like the Swedish Energy Agency, Enerpoly's zinc-ion batteries can help cement Sweden's position at the forefront of this critical energy transition."
The Swedish Energy Agency has supported 250 startups with approximately €90 million, helping drive sustainable growth.
This grant marks the first step towards financing the production plant, and Enerpoly will raise additional private capital through a Series A funding round.
Lead image via Enerpoly. Photo: Uncredited.