Charged with Innovation
The ROI for Battery Technology Projects is Potentially Huge
Some technologies resist improvements. Take the lithium-ion batteries in laptops and mobile devices: They continue to bedevil project teams on the hunt for big breakthroughs that deliver longer battery life and faster charges. For example, after spending US$190 million, the Bill Gates-backed startup Aquion Energy filed for bankruptcy in March 2017, citing the "extremely complex, time-consuming and very capital-intensive" electrochemistry process of developing a new battery platform.