Building the North American Battery Materials Champion
Mitra Chem is innovating and commercializing iron-based cathode materials to enable mass-market electrification in transportation and energy storage
Innovating towards a sustainable, North American battery materials supply chain
THE PROBLEM
Batteries are the core platform technology driving electrification, and demand is exponentially increasing…
... however, the battery materials supply chain is severely underinvested and underdeveloped
THE PROBLEM
Batteries are critical to
America’s clean energy goals...
The White House has announced a goal for 100% of electricity generation to be carbon pollution-free by 2030, and for 100% of new car sales to be zero-emission vehicles by 2035.
...but today, non-Western countries control the vast majority of the world’s cobalt and nickel processing capabilities.
Today, China accounts for 62% of all cathode material production and will increase to 81% of upcoming capacity by 2030. All iron-based cathodes are currently produced outside of the United States. An over-reliance on China could become our “Achilles’ heel” to achieving clean energy independence.
Iron-based cathodes will emerge as a winner in Western electrification due to their:
Safety
Supply Chain Resilience
Cost Competitiveness