South 8 Applied sciences Secures Strategic Funding from Lockheed Martin Ventures

South 8 Applied sciences, the Cleantech San Diego firm innovating safer and better efficiency electrolytes for the following technology of lithium-ion batteries, has closed a strategic funding with Lockheed Martin Ventures, the enterprise arm of Lockheed Martin (NYSE:LMT), a world chief in protection and aerospace expertise, with participation from present South 8 buyers LG Expertise Ventures, Foothill Ventures and Anzu Companions.‍

South 8 is the primary firm to develop a novel liquefied fuel electrolyte expertise as a safer, increased efficiency different to straightforward liquid electrolytes. Often known as LiGas®, the liquefied fuel electrolyte is easy to include into current cell manufacturing processes, makes use of supplies that are all at present manufactured globally at scale and affords easy recyclability on the finish of life. LiGas improves security, will increase vitality density, achieves all-weather efficiency, permits fast-charge functionality and reduces prices whereas additionally being appropriate with current lithium-ion cell manufacturing or Gigafactory manufacturing processes and provide chains.

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“The distinctive efficiency capabilities of the LiGas electrolytes are an enabling expertise for more and more aggressive buyer necessities, significantly these set forth by the aerospace and protection industries,” mentioned Cyrus Rustomji, CEO for South 8 Applied sciences. “We’re excited to obtain Lockheed Martin’s help as we proceed to enhance battery expertise, attain new markets and lead the transition in direction of a greener future.”

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“Ahead-thinking, solutions-focused corporations like South 8 Applied sciences are motivated to deliver the best options to our prospects,” mentioned Chris Moran, vp and normal supervisor of Lockheed Martin Ventures. “We hope to leverage South 8’s LiGas expertise to supply vitality options that enhance security and vitality density whereas reaching all-weather efficiency, enabling higher discipline efficiency.”

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As a result of LiGas maintains glorious operation at each high and low temperatures starting from -60 to +60 levels Celsius, the use instances are broad starting from shopper, industrial and industrial electrical automobiles to army protection methods. Examples embody the whole lot from linked battlefields, unmanned aerial automobiles and subzero energy to all-weather vitality purposes for grid storage and energy backup to marine sea monitoring, electrical boats and submarines.

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