Date: Jan 22, 2019
Los Angeles, CA, January 20, 2019 –(PR.com)– Various institutions have researched magnesium as a replacement for lithium in rechargeable batteries since the late 1990s. CVMR Energy Metals Inc. a wholly owned subsidiary of CVMR Inc. (CVMR®) has been carrying out its own independent research on rechargeable magnesium batteries in the past 8 years. Today, the company announced that it has made a major breakthrough in the use of magnesium as an anode in rechargeable batteries.
Kamran M. Khozan, Chairman and CEO of CVMR®in a recent press conference stated: “Rechargeable batteries based on magnesium, rather than lithium, have the potential to extend electric vehicles range by packing more energy into smaller batteries. Magnesium metal has a higher energy density thanlithium, meaning you can potentially store more energy in a battery of the same size.”
Since their commercialization in the 1990s, rechargeable Li-ion batteries have dominated the market of the rechargeable battery industry. They are the main energy source in portable electronic devices and electric cars. But there are serious concerns among the manufacturers of these batteries and their end users about the availability and cost of lithium. Magnesium is an interesting alternative.
Magnesium is not only cheaper and more abundant than lithium, the advantages it presents are in its energy density. It has a volumetric energy density that is 50% higher than lithium and unlike lithium it does not require an “intercalation” compound layer, allowing its relative volumetric energy density in a battery to be 5 times higher than lithium ion batteries.
