This is the seventh license agreement for the US developer of the GreenSeal lead acid battery technology and the second new licensee in 2019.
The new licensee, currently unnamed, will use the technology to achieve an energy density of over 60 Wh/kg, says ABC.
"The acquisition of this seventh licensee is another significant step forward in the execution of Advanced Battery Concepts' strategy of accelerate, extend and expand the reach of GreenSeal technology around the globe," said Dr. Edward Shaffer, CEO and Founder of Advanced Battery Concepts, "With their commitment to GreenSeal technology, our new partner will be able to build on its strong position as a leading manufacturer and global supplier of lead batteries."
"When it comes to energy storage, GreenSeal technology makes it possible to achieve both environmental sustainability and improved performance, something that has eluded battery makers for years. GreenSeal technology accomplishes both," he added. "This collaboration and license agreement is added proof that GreenSeal technology is ready for mass adoption."
The six existing licensees are Crown Battery, Clarios, Enersys, Exide Industries, Trojan Battery Company, and Monbat. Advanced Battery Concepts is working with existing lead battery producers and these licensees to commercialise the bipolar lead acid battery technology, which is cheaper to make and recycle than current lead acid batteries. The company has production of batteries and additional research at its Battery Research & Engineering Development Centre in Michigan.