BioLargo has formed and secured initial seed capital for BioLargo Energy Technologies, Inc. (“BETI”), a subsidiary designed to address the ongoing shift toward renewable energy production and the growth in global electricity demand, and the consequent drastic expansion in energy storage capacity in the US and world-wide that will be needed to accommodate increased demand and the intermittent nature of renewable energy sources like wind and solar.
BETI will lead the manufacturing, scale-up, and operations for the sodium-sulfur battery technology with the help of one of the technology’s original developers, who has joined BETI. Batteries built based on the underlying technology a decade ago demonstrated features that far surpass comparable lithium-ion batteries, the dominant incumbent technology in the market:
- This sodium-sulfur battery technology demonstrates increased safety, no runaway fire risks, and a more sustainable design – with no rare-earth elements – that is capable of being manufactured completely from the domestic supply chain.
- Unlike lithium-ion batteries, BioLargo’s battery can charge and discharge completely, with no degradation of performance, ensuring virtually unlimited charge/discharge cycles.
- BioLargo’s battery technology also demonstrates increased energy efficiency and energy density in comparison to lithium-ion batteries, and a longer useful life expectancy of at least ten years.
BioLargo’s battery operates at a higher temperature and has
relatively heavier casing as compared to lithium-ion batteries, making it well
suited for bringing superior performance to stationary applications like
electric vehicle charging stations, grid-scale energy storage, and commercial
and residential storage.
Randall Moore, President of BioLargo’s engineering
subsidiary BioLargo Engineering, Science & Technologies commented, “This
battery presents an elegant and realistic solution to the global need for safe,
cost-effective long-term energy storage in light of increasingly unstable power
grids. The connections our engineering team has fostered over our careers in
the energy sector will no doubt be invaluable in our efforts to bring it to
market. We believe the features of the battery will compete well against
lithium as well as other novel battery technologies.”
BioLargo’s President and CEO Dennis P. Calvert elaborated on
the battery’s place in BioLargo’s portfolio of technologies, “It is a natural
fit with our other technologies as well as our business model as we invent,
prove, and partner our way to commercial success. While we are now enjoying
substantial and rising commercial success, which was hard-fought, as our
innovation process is and has been continual, like a conveyor belt that keeps
moving down the line producing high value solutions to some of the world’s most
challenging problems. Much of our specialized work for hire, like our
waste-to-energy projects, nuclear fuel handling system design work, as well as
our water technologies, all highlight energy efficiency. A safe, sustainable
battery energy storage technology is not just a thematic fit for us – it is
also a literal fit to complement our work around the world. We are especially
thankful to have Mario Caja join our team and lead the effort to prepare the
battery for commercialization. And we look forward to working with and through
channel partners to commercialize the battery and help transition the world to
renewable energy.”
BioLargo's focus on the water-energy nexus – the
intersection of water infrastructure and the energy grid – reflects the Company's
commitment to creating high-impact solutions that address critical environmental
and human wellness challenges. The acquisition of this novel sodium-sulfur
battery technology demonstrates the Company's determination to drive positive
change while creating value for shareholders.
About BioLargo, Inc.
BioLargo, Inc. (OTCQB:BLGO) is a cleantech and life sciences
innovator and engineering services solution provider. Our core products address
PFAS contamination, achieve advanced water and wastewater treatment, control
odor and VOCs, improve air quality, and control infections and infectious
disease. Our approach is to invent or acquire novel technologies, develop them
into product offerings, and extend their commercial reach through licensing and
channel partnerships to maximize their impact. See our website at www.BioLargo.com.
Contact Information
Dennis P. Calvert
President and CEO, BioLargo, Inc.
888-400-2863
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These forward-looking statements include without limitation those about
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obligation to update any forward-looking statements or information, which speak
as of their respective dates.
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