24M's ETOP Technology Set to Revolutionize U.S. Battery Production for EV, eVTOL, and More
The eVTOL market is set to reach $1.75 billion by 2028, spurring innovation in battery technology. 24M Technologies, Inc. is at the forefront with its 24M ETOP technology, offering manufacturers a simpler, cost-effective path to produce high-performing batteries in the U.S.
24M ETOP integrates electrodes directly into the battery pack, eliminating traditional cell-and-module designs and reducing manufacturing costs. This technology enables U.S. manufacturers to produce high-performing batteries for EV, eVTOL, ESS, and consumer electronics domestically.
For optimized results, 24M ETOP can be used in conjunction with 24M Impervio™ separator for added safety and 24M's Eternalyte™ electrolyte for fast charging down to minus 40° temperatures. Together with these components, manufacturers can deliver a cost-effective and safe 1,000-mile-per-charge battery pack.
Manufacturers can begin 24M ETOP production with relatively low capital expenditures and minimal, if any, facility investments. The technology provides unprecedented design flexibility, allowing for manufacturing of battery packs of virtually any size, configuration, chemistry, or voltage. Additionally, 24M ETOP is eligible for U.S. production tax credits under Section 45X of the Inflation Reduction Act (IRA).
24M has indicated that a prominent OEM in the automotive industry will receive prototypes for real-world testing in the coming months. The company is also in talks with clients in aviation, e-mobility, and energy storage sectors to integrate ETOP technology into their manufacturing.
With the eVTOL market projected to grow significantly, 24M Technologies' 24M ETOP technology offers a promising solution for U.S. manufacturers to produce high-performing, cost-effective batteries. The technology's design flexibility, fast charging capabilities, and eligibility for U.S. production tax credits make it an attractive option for various industries.
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