STOCKHOLM, Nov. 24, 2020 /PRNewswire/ — The battery technology development company, TEXEL Energy Storage (TEXEL), and Arizona State University (ASU) have signed a cooperation agreement with the purpose to bring a new battery technology towards commercialization in the United States. The new battery technology that is originally developed by Savannah River National laboratory (SRNL), is potentially much more cost effective than Lithium-Ion batteries in large scale and is 100% circular.
Savannah River National Laboratory (SRNL), one of US Department of Energy’s (DOE) seventeen national laboratories, and the laboratory behind the development of the Hydrogen Bomb, also considered as one of the world’s leading research labs on hydrogen related technologies, has developed a new battery technology, based on thermochemical Metal Hydrides. In 2018, SRNL and TEXEL signed an exclusive agreement with the aim to move the technology towards commercialization.
“The new battery technology is a huge step forward