ANN ARBOR, June 20, 2023 – Valerion Energy today announced its selection as a finalist and awardee of the “LGES Battery Challenge 2022,” sponsored and directed by LG Energy Solution (LGES; KRX: 373220.) Valerion is a battery start-up developing lithium sulfur battery cells based on the company’s proprietary nanofiber technology.
For over six months, 117 start-ups from 23 countries, including the United States, South Korea, Canada, United Kingdom, Germany, and India, submitted proposals, including next-generation battery materials, battery management systems (BMS), battery recycling and reuse, battery maintenance, and smart factory technologies. Through meticulous evaluation process, LGES selected ten finalists to advance key battery-related technologies.
As a finalist, Valerion Energy will have the opportunity to work with LGES to develop our groundbreaking lithium-sulfur batteries alongside industry leaders.
“As a front-runner in the fast-growing battery industry, it is imperative that we secure leadership in future battery technologies as well,” said Sungrok Bang, Research Fellow at LG Energy Solution. “We will continue on with a variety of open innovation programs to advance our technological competitiveness in the battery field.”
“We are thrilled to work with LGES on our ground-breaking technology to deliver highly performant and cost-effective batteries for critical mobility applications,” remarked Dr. Nicholas Kotov, founder of Valerion Energy. “We can’t wait to see what the next few months hold.”
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About LG Energy Solution
LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 25,000 patents. Its robust global network, which spans North America, Europe, Asia, and Australia, includes battery manufacturing facilities established through joint ventures with major automakers such as General Motors, Stellantis N.V., Hyundai Motor Group, and Honda Motor Co., Ltd. At the forefront of green business and sustainability, LG Energy Solution aims to achieve carbon neutral operations by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution’s ideas and innovations, visit https://news.lgensol.com .
About Valerion Energy
Valerion Energy is a spin-out from the lab of Dr. Nicholas Kotov of the University of Michigan. Valerion is developing next generation lithium sulfur batteries using our proprietary ion-selective nanofiber technology. Valerion’s objective is to produce cost-effective, energy-dense batteries for critical applications in EVs and other mobility applications. Our research facilities are located in Ann Arbor, MI.
