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Briefing
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- Cobalt-Free Batteries – New York-based battery startup Conamix developed cobalt-free electrode materials for lithium-based batteries with breakthrough process
- Features – Batteries will have higher energy density and be produced at lower costs than conventional batteries, as cobalt becomes more expensive
- Conflict Material – Cobalt is rare metal mostly used in lithium batteries, but are largely sourced from Democratic Republic of Congo where industry is dependent on child labor and working conditions are harsh, with pollution also a concern
- Applications – Include batteries for electric vehicles, grid storage, electric powered aircraft, and more
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Accelerator
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Sector
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Industrial Manufacturing
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Organization
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Conamix Inc.
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Source
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Richardson, J., "Cobalt-free battery technology under development by Conamix",
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Temple, J., "A freshly funded battery startup aims to ease the cobalt crunch",
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Eckhouse, B., "Battery startup gets funding to develop cobalt-free products",
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"Volta energy technologies announces investment in Conamix: Groundbreaking technology that could change the future of energy storage,"
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AcceleratingBiz analysis
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Original Publication Date
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July 31, 2018
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