Economic Relevance

Among industrial markets, the US lithium-ion battery market is expected to reach $90B by 2025 and has the highest compound annual growth rate (CAGR) of 17% of all battery markets. However, CAGR for solid-state battery market worldwide is much higher and estimated at about 50%.

 CEPS will transform the current lithium-ion batteries, which are not safe due to the presence of liquid electrolytes. The benefits of the proposed technology include economic development in the form of a high return rate and revenue, new jobs, and support of broad and diverse sectors of the US economy.