Game Changing Technology poised to Revolutionize the Battery Market (Part 1)

Revolutionize the Battery Market
Published on: Oct 28, 2020
Author: Hans Stone

One Company in the red-hot battery technology space is bringing to market an AI driven technology to fix the world’s greatest problem associated with today’s batteries AND is bringing a patented disruptive battery management system to market that will revolutionize batteries forever.

That Company is Extreme Vehicle Battery Technologies Corp. (“EV Battery Tech” or “ACDC”) (CSE: ACDCFRA: EVBTForum) and its platform can, among other things, utilize applied and interfaced Artificial Intelligence (AI) with a proprietary Battery Management System (BMS) that “learns” and improves in real time.

However, the team at EV Battery Tech doesn’t just want to make a new state of the art battery, they want to revolutionize the way battery solutions are manufactured. While the patented BMS will make batteries last longer, more efficient and have the ability to be monitored and maintained remotely, one of the greatest features of ACDC’s technology is that they are able to use recycled batteries in their manufacturing process! While most batteries are scrapped and sent to the junkyard after they fail, ACDC applies their AI driven technology to used batteries to restore and then re-use them in the production of their new batteries.

The Company is going to focus its efforts on the following markets:

  • Electric Vehicles (EV)
  • Energy Storage Systems (ESS)
  • Smart Grid & Charging Systems
  • Blockchain Infrastructure
  • Battery RecyclingThe world is transitioning from fossil fuels to Renewable Energy, which requires smart and scalable energy storage. By 2024, it is projected that energy storage capacity will have to grow 12-fold reaching $5.3 billion in the United States alone according to Wood Mackenzie Energy Storage Service. In fact, the World Bank says energy storage capacity will need to grow 40-fold, in emerging countries.With such rapidly growing demands for batteries, exponential developments are required to existing battery technologies to power our evolving world and EV Battery Tech believes it is on the cutting-edge of this development.
  • Stockhouse Editorial caught up with the Company’s President and Chief Executive Officer, Bryson Goodwin, to find out more.
  • The world is also transitioning from combustion engines to Electric Vehicles, which require longer lasting, more efficient batteries. The International Energy Agency forecasts 125 million Electric Vehicles by 2030. This is a 25-fold increase in EVs in just the next 10 years.
  • EV Battery Tech is entering the Battery Management System market, which is set to grow to $24.83 Billion by 2027, according to Allied Market Research.
  1. Thank you for joining us. From Blockchain to EVs to ESS, there is a lot to unpack from your investment proposition. For those who are new to EV Battery Tech (ACDC), can you explain the opportunity that lies within the transformative technology with which you are planning to enter the North American market?

Thank you for having me, I am excited to be here to discuss our new business. We will be entering the North American market with what we believe to be the most disruptive battery technology in the industry. We are bringing a patented BMS, or Battery Management System, to the North American market that was created by a patented AI algorithm that poured through nearly a decade of battery data. The technology analyzed the shortcomings of the batteries used in today’s market and created a BMS that allows for longer battery life, more efficient power management, real-time monitoring and remote maintenance. We are literally entering one of the fastest growing mega-billion-dollar marketplaces with a game changing battery technology. While there are several fantastic companies out there attempting to achieve similar endeavors, there are two important elements that separates us from the pack. First, we are a Blockchain technology Company, so we are able to apply our proprietary technology to Batteries. Secondly, our patented AI technology allows us to analyze and reuse useful cells in discarded batteries, which makes recycling used Batteries a part of our manufacturing process. So, we are poised to disrupt the EV and ESS markets and revolutionize the way Energy Storage Solutions are manufactured. There are so many verticals that our unique Blockchain and Battery technology applies to, but we intend on focusing on the EV and ESS markets while also focusing on the environmental aspect of the Company.

  1. This patented AI system for recycling has immense implications, what can you tell us about it?

Personally, I believe that it is the responsibility of each person to make a conscious greener effort. Not just for future generations, but for ourselves! We get one planet, and overwhelming scientific data shows us that we are failing it and the consequences are going to be catastrophic if we don’t change our habits in a hurry. This is why I am proud to be leading a Company that not only creates products that are vital in the revolution of making the massively polluting automotive and energy industries greener, but also by pioneering a manufacturing process that directly recycles used batteries. The recycling applications of this tech are impressive, but it is easy to be impressive when you take something that is currently landfill and turn it into a useful product that contributes to the green revolution. Starting on Day 1, we will be working on bringing in recycled batteries to be used in our ESS manufacturing process.

  1. So recycled batteries play a role in your systems after their life has expired thanks to AI? How is this possible?

Through various joint ventures, we will be taking in batteries that have reached the end of their lives. We then apply our AI technology and patented BMS and use them in our state of the art ESS systems. You see, our AI technology has determined that most batteries still have upwards of 70% useable battery cells. Batteries as we know them, are made up of many, many cells. This means batteries are thrown out, even though there are many perfectly workable battery cells. This is not only very inefficient; it has terrible effects on our environment. Our technology enables us to use the workable cells in NEW batteries and then apply our BMS to create a super battery with all the bells and whistles, even though the battery cells are recycled!

  1. Wow, that’s impressive! You mentioned you will have real-time monitoring and remote maintenance features, which are essentially non-existent today. Can you tell us more about these features?

The ability to fix issues remotely will be a huge benefit for so many remote communities and corporations. Imagine a battery storage set-up in a remote mine, remote renewable energy operation, or specifically here in BC, a remote hydro tower. In all these circumstances, technicians are required to fix any issues. This is very expensive and in most cases by the time you to fly a unionized team out to the location in a helicopter, it is usually less expensive to just buy a whole new battery pack! By contrast, imagine real-time monitoring to be ahead of any issues before they even arise and when they do you, you are able to fix the problems remotely. Think of the savings to these communities and companies. Our technology will make this happen.

  1. So, they hold more power, charge faster, can be recycled, how about a rundown of this battery technology and a look at what makes it superior to what is available today?

As the name suggests, this is all about Battery Management. Simply put, a BMS is a system that manages rechargeable battery cells by monitoring its state, calculating, reporting, controlling and balancing the flow of power. Whether this is for laptop, a vehicle or a heavy-duty mining operation, the BMS manages how all this works. Most systems that are currently in use are based on dated technology and when a certain series of battery cells fail, the whole battery fails, even though the majority of the battery cells are still fully functional. Our BMS is “smart” and thinks in real time to avoid any failed cells and re-route power to ensure the battery remains operational. In addition to that, the BMS system maximizes efficiency over the life of the battery, which means that even though the patented BMS does not make the battery “hold” more power it “delivers” more power in a more consistent manner for a much longer period of time than today’s batteries. As you can imagine, this will also allow for faster and more efficient charging and more accurate readings on the remaining life of the battery, so you don’t have EV drivers stranded on the side of the road and don’t have remote operations shutdown for extended periods of time.
The recycling aspect applies to all lithium ion batteries and it is a form of recycling commonly referred to as “upcycling”. There is a safety review and repair process involved, but essentially, our technology allows us to turn waste into a state-of-the-art product.
As far as market competitors go, currently we appear to be the only company with these characteristics.

FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.

Disclaimer: NAI is being compensated for this content. Materials contained in this content are for information purposes only and is not intended to constitute an offering of securities in any jurisdiction. Nothing on this content should be construed as an offer, solicitation or recommendation to buy or sell products or securities.

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