DETROIT – The bad news just keeps coming for fossil energy stakeholders. High-performance, high-profile automakers have finally begun to validate electric mobility by putting up the big bucks for next-generation EV batteries. The latest example is Porsche AG, which has just polished its electrification cred by leading a round of $400 million in Series C funding for new lithium-silicon technology from the US firm Group14.

Group14 company sailed across the CleanTechnica radar in 2020, when the US Department of Energy tapped it to share in a $19 million funding pot aimed at improving lithium-silicon battery technology. The new round of assistance built on previous support including a slot in the 2020 Energy Storage Grand Challenge,

If you’re wondering what’s wrong with today’s generation of lithium-ion EV batteries, the short answer is: nothing. However, shuttling large numbers of EVs through public charging stations is going to be a challenge once millions of new EVs hit the road. Adding more charging stations is only part of the solution. Shortening the charging time while increasing range is the other part, and silicon could fit the bill.

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