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Energy Storage

$14 million for niobium anode start-up

by Alex Scott
September 2, 2021 | A version of this story appeared in Volume 99, Issue 32
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Echion Technologies, a spin-off from the University of Cambridge, has raised almost $14 million in series A funding from investors to develop a niobium oxide–based material for anodes to be used in lithium-ion batteries. Batteries with anodes made from the material are quicker to charge, more energy dense, and longer lived than standard lithium-ion batteries, Echion claims. The funding was led by CBMM, a major producer of niobium products, and the investment firm BGF.

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