New battery type - game changer in global economy?

[abhiseshakana]

Startup "Donut lab" from Finland has recently presented prototype of solid state battery.

The new battery design has bunch of upsides in comparison to lithium batteries:
- Faster charging time
- Longer lifetime of battery 
- Ability to operate in much wider temperature range
- Using minerals other than lithium

Im interested in possible implications on global economy. Car industry will certainly be affected if this battery proves itself over time.

Which other industries could be changed by this?

If Donut Lab claim is valid and this battery can be produce massively, demand of electricity vehicle will be bigger and gasoline vehicle will loose its market with significant decrease. Incorrelation with this, demand of oil supply will be decrease fast than today prediction, it will push oil exporter country to adapt with faster economic diversification and must rearranging its energy policy. What interesting is Donut Lab claim, that their battery doesn't use lithium or rare earth mineral which mean competitive production cost. This inovation will also flipping geopolitic setting, rare earth producing countries will loose its economic leverage. The most important change, market will turned investation from commodities to battery manufacture and thechnology behind this innovation.

But if the claim is false and this issue generated as psy-ops financial for market manipulation or attacking oil producing country without war for power distribution, then we must find benefited party if the world stop it dependence on fossil energy.

[Fortify]

Startup "Donut lab" from Finland has recently presented prototype of solid state battery.

The new battery design has bunch of upsides in comparison to lithium batteries:
- Faster charging time
- Longer lifetime of battery 
- Ability to operate in much wider temperature range
- Using minerals other than lithium

Im interested in possible implications on global economy. Car industry will certainly be affected if this battery proves itself over time.

Which other industries could be changed by this?

... startup company called Donut Lab that unveiled what it claims to be the planet’s first “production ready” solid-state electric-vehicle battery that promises lower material and manufacturing costs, longer operating ranges and the capability to fully charge in as little as five minutes.

For starters, unlike current EV batteries that should only be taken to an 80% capacity to prevent undue wear and tear and will typically last for up to 5,000 full charging cycles, Donut Lab says its solid-state cell can be quick-charged to a full 100% with no ill effects for an uncanny 100,000 cycles. That eliminates the anxiety of having to replace an expensive depleted battery pack within even the longest ownership periods.

Ok, so what material is it if it's not Lithium? I mean there are already several other battery types out there and you expect them all to go through incremental improvements over time - we've seen it repeatedly. While I love when new breakthroughs happen and announcements are made, you have to sometimes be careful about applauding too much unless they can actually be built at a reasonable scale. Sometimes it's possible to do a proof of concept but the process is so long winded, technical, slow and/or expensive that it cannot compete against much cheaper contenders. Any kind of variety in the battery market is good though, especially as it takes away a stranglehold on minerals that some countries have.

[ovcijisir]

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If Donut Lab claim is valid and this battery can be produce massively, demand of electricity vehicle will be bigger and gasoline vehicle will loose its market with significant decrease. Incorrelation with this, demand of oil supply will be decrease fast than today prediction, it will push oil exporter country to adapt with faster economic diversification and must rearranging its energy policy. What interesting is Donut Lab claim, that their battery doesn't use lithium or rare earth mineral which mean competitive production cost. This inovation will also flipping geopolitic setting, rare earth producing countries will loose its economic leverage. The most important change, market will turned investation from commodities to battery manufacture and thechnology behind this innovation.

But if the claim is false and this issue generated as psy-ops financial for market manipulation or attacking oil producing country without war for power distribution, then we must find benefited party if the world stop it dependence on fossil energy.

Thanks, I like your analysis. One thing I would argue is that even if this battery comes to life, there is lack ofbother infrastructure (fast chargers) and capacity to meet needs of charging huge number of cars (capacity of power generation and current transmission lines are not designed for that big power demand).

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Ok, so what material is it if it's not Lithium? I mean there are already several other battery types out there and you expect them all to go through incremental improvements over time - we've seen it repeatedly. While I love when new breakthroughs happen and announcements are made, you have to sometimes be careful about applauding too much unless they can actually be built at a reasonable scale. Sometimes it's possible to do a proof of concept but the process is so long winded, technical, slow and/or expensive that it cannot compete against much cheaper contenders. Any kind of variety in the battery market is good though, especially as it takes away a stranglehold on minerals that some countries have.

Possible alternatives are sodium (natrium) or titanium.

I agree that we shouldn't be too optimistic but batteries like this were in development for some time so this is really possible.