- New battery technologies are being researched and developed to rival lithium-ion batteries in terms of efficiency, cost and sustainability.
- Lithium-sulfur batteries could offer advantages over lithium-ion batteries, including increased range and storage capacity.
- Companies working in this space include Lion Battery Technologies Inc. founded by Platinum Group Metals Ltd. and Anglo American Platinum Limited.
The battery of choice these days, relied on to power everything from digital devices to electric vehicles and even energy-storage systems, is the lithium-ion battery. However, lithium-ion technology has its drawbacks; consequently, other battery solutions are being developed, including lithium sulfur. Through its subsidiary Lion Battery, Platinum Group Metals (NYSE American: PLG) (TSX: PTM) is working to strengthen its foothold in the lithium-sulfur space.
“Most battery-powered devices, from smartphones and tablets to electric vehicles and energy storage systems, rely on lithium-ion battery technology,” reported a recent Built-In article (https://ibn.fm/qVVJL). “Because lithium-ion batteries are able to store a significant amount of energy in such a…
NOTE TO INVESTORS: The latest news and updates relating to PLG are available in the company’s newsroom at https://ibn.fm/PLG
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