What's Happening?
Anaphite, a UK-based battery technology firm, has raised £1.4 million to advance its dry coating capabilities for lithium iron phosphate (LFP) cathodes and graphite anodes. The funding includes £700,000
from the Innovate UK Investor Partnerships and £700,000 from climate-focused venture capital funds. Anaphite aims to scale its DCP® technology platform to enable high-throughput production of dry coated LFP cathodes, which are more energy-intensive to manufacture than nickel-manganese-cobalt (NMC) cathodes. The company plans to address the technical challenges of producing dry coated LFP cathodes, which are expected to dominate global cathode demand by 2030.
Why It's Important?
The development of efficient manufacturing processes for LFP cathodes is crucial as the demand for electric vehicles and energy storage systems grows. LFP cathodes offer a safer and more sustainable alternative to NMC cathodes, but their production is currently more energy-intensive. Anaphite's advancements could reduce manufacturing costs and carbon emissions, aligning with global sustainability goals. The success of this project could also bolster the UK's position in the battery technology sector, supporting the country's industrial strategy and contributing to the growth of the battery energy storage system market.
What's Next?
Anaphite will focus on scaling its dry coating technology and validating its effectiveness through full-cell assembly and testing. The company aims to demonstrate the cost and carbon reduction potential of its technology, which could lead to widespread adoption in the battery industry. The project supports the UK Government's Advanced Manufacturing Plan and could drive significant advancements in battery technology, particularly in the electric vehicle and energy storage sectors.
