TT-Battery project deals with the validation, industrialization and commercialization of an innovative electrochemical storage device, patented by TuscanTech and able to achieve unparalleled targets in terms of cost and durability. The rechargeable battery technology is based on cost-effective materials, such as zinc and manganese, which are safe and abundant in nature. The patented device comprises a zinc anode, a manganese dioxide (MnO2) cathode and an aqueous solution as electrolyte. The technology developed delivers breakthrough properties:
• the battery is able to perform more than 5000 cycles of charging and discharging, with a capacity loss < 5%.
• The innovative and patented cathode material provides the battery with high energy density.
• The low-cost materials used (Zinc = 2.5 €/kg, Manganese = 1.7 €/kg vs. Lithium = 15÷17 €/kg, Cobalt = 51 €/kg, Vanadium = 16 €/kg, Nichel = 10.2 €/kg) and the simple architecture leads to a target Cost of Production (CoP) and a market price much lower than competing technologies.
• Materials used are non-polluting and fully recyclable, reducing the end-of-life impact and the carbon footprint (4 kg of CO2,eq emitted per kg of TT-Battery vs. 12.5 kg/kg due to Li-ion batteries production). TT-Battery will be the first Green Battery on the market.
In order to industrialize and commercialize the technology, Tuscan Tech needs to:
• manufacture and test a Minimum Viable Product (MVP) for utility-scale and large Renewable Energy power plant application, in order to validate on the field the technology performance;
• certify the product;
• industrialize the technology, protecting the new intellectual property generated and launching the technology to prospective investors;
• develop and implement the go-to-market and commercialization strategy.
