VFBATTERY REPORT

Chemistry & Cell Components

Pages 115–163 (49 pages)

Battery Report 2023, page 144: Chemistry & Cell Components
Text on page 144

Chemistry & Cell Components

Lithium Sulfur (LiS) | Industry Players & Investments

Lithium Sulfur | Industry Players & Investments

Company

Technology

No. of Employees

No. of Patents

Total Funding ($)

Remarks

Lyten

Sulfur Cathode-Li Metal Anode

Well funded startup with large headcount and patent portfolio, Lyten is positioned to make a strong contribution to the space but has not released any public data. At this point they’ve opened a pilot line and have been transparent about manufacturing activities. Based on employee count and recent boutique manufacturing capabilities they will be positioned to sample cells in the near future.

Working on both silicon-sulfur and lithium-sulfur batteries. In 2023 Gelion acquired OXIS Energy's Lithium Sulfur technology and IP. Gelion also acquired OXLiD, developer of sulfur semi-solid state cathode materials. A partnership with Ionblox has been announced.

Gelion

Sulfur Cathode-Li-metal Anode Sulfur Cathode-Silicon Anode

Theion

Mono-Clinic Sulfur Cathode-Li Metal Anode

undisclosed seed funding

Recently founded company based off research from Drexel. With an undisclosed amount of funding and low employee count, Li-S energy is most likely in early stages of research and scale up.

Li-S Energy

Sulfur Cathode-Li Metal Carbon

102.4M (Market Cap as of 1/08/2024)

Li-S Energy went public early with their boron nitride based cathode. Based on employee count and patents, the company is most likely trying to figure out how to position their capital for the best return on development.

NexTech Batteries

Sulfur Cathode-Li Metal Anode

The low employee and patent count would suggest early stages of development, but the recent UN 38.3 certification is evidence of significant pouch cell development. Nextech is most likely shipping samples but their low patent count may not provide enough of a barrier to entry.

Zeta Energy

Sulfur Cathode-3D Carbon Anode

Recently awarded a DOE grant, Zeta Energy is a new player in the Li-S space with great potential. Although they have recently secured significant government funding, their employee and patent count indicates early stages of development.

Coherent

Selenium Sulfur Cathode Lithium Anode

Unknown

NA

undisclosed

New player to the field of lithium sulfur and is already an established laser, networking, and optics company. At this point it's unclear why they jumped into the field but it's exciting to see another company investing in lithium sulfur.

Extracted from the PDF; charts and images may read imperfectly.

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