After years of development, Eqonic has created a next-generation battery system that it claims achieves material costs of just 30 percent compared to traditional lithium metal batteries. This would be a significant reduction given that materials account for around 60 percent of total battery production costs. It translates to a target manufactured cost of £50/kWh at scale, approximately half the current industry average.
Unlike conventional battery technologies that rely on lithium or other materials prone to thermal runaway, Eqonic's proprietary composite materials are inherently non-flammable, eliminating the fire risk that has plagued widespread battery adoption in residential and commercial settings.
The technology also addresses critical supply chain vulnerabilities by using only abundant materials with no rare earth metals, no lithium and no sodium - particularly timely given recent geopolitical tensions and export restrictions on critical minerals.
Eqonic's accelerated energy density roadmap positions the technology to surpass sodium battery performance by 2026, exceed LFP performance by 2027, and achieve industry-leading NMC levels by 2029. Its batteries are designed for complete recyclability from conception, embodying a true circular economy approach.
“The energy storage industry is stuck in a compromise, choosing between cost, safety, or sustainability” said Jas Kandola, Founder and CEO of Eqonic Group. “We've eliminated that trade-off entirely. While others were rushing to market with incremental improvements, we took a different path: develop breakthrough technology first, then build the business around it. We handpicked cross-industry experts and assembled a highly experienced scientific and engineering team from diverse sectors to tackle the fundamental challenges. The result is technology that costs 70 percent less (at material level) than traditional lithium batteries while being completely safe and sustainable – free of rare earth materials to avoid the huge environmental cost to extract, refine and transport. After years of quiet development, we're now on track to demonstrate a market ready product in the near future, and the timing couldn't be more critical. The world needs affordable, safe energy storage at scale, and the conventional approaches simply can't deliver that.”
Rather than building its own gigafactory, Eqonic plans to license its technology and to secure collaborations and partnership to commercialise its innovations. This approach reduces the substantial capital risk and operational costs of large-scale battery manufacturing. By partnering with established partners, Eqonic will be a technology provider rather than competing directly with large-scale Asian producers - enabling multiple partners to deploy its innovations across diverse applications and markets.
While developing its battery technology, Eqonic has also established a robust commercial operation selling and installing complete LFP based energy storage solutions for B2B clients. Its current brand of Eqonic product portfolio offers comprehensive solutions across residential and commercial sectors, including low and high voltage batteries, on-grid and hybrid inverters, all-in-one systems, customisable power conversion systems, and air and liquid-cooled cabinet batteries through to container battery solutions.
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