Addionics Wins BNEF 2022 Pioneer Award by Bloomberg New Energy Finance

Addionics, a chemistry-independent battery technology company, has been selected as a 2022 Pioneer by Bloomberg New Energy Finance (BNEF) for its technology’s potential to accelerate global decarbonization and halt climate change. Winners are judged by a panel of cross-industry experts based on technological innovation, ability to transform and scale, and business growth. AddionicsThe award-winning Smart 3D Electrode solution improves all key performance metrics for batteries with any chemistry, increasing energy density and power, improving safety and extending life, all without increasing costs. This innovation unlocks the full potential of next-generation battery chemistries to meet the growing global demand for batteries driven by electrification trends and decarbonization mandates. Addionics is one of twelve BNEF Pioneers in this highly competitive group selected from over 270 applications worldwide.

“This prestigious recognition from Bloomberg New Energy Finance for our tireless work in pushing the boundaries of battery innovation is both humbling and momentous, as the program has a rich history of identifying this that will become the most successful cleantech companies in the world,” Moshiel said. Biton, CEO and co-founder of Addionics. “This award is proof of Addionics’ ability to deliver higher performance, lower cost batteries at scale, and we look forward to solving some of the most pressing electrification challenges by building the best battery architecture on the market.”

While most efforts to improve batteries have focused on chemistry and have only resulted in incremental improvements over the past three decades, Addionics focuses on physics. The company has pioneered a 3D current collector design for the electrodes and is compatible with any battery chemistry, existing or emerging. The porous 3D structure allows the active material to be embedded throughout the electrode at higher loads, leading to improvements in key battery performance metrics. Addionics’ core intellectual property is its patented electrode manufacturing process, which significantly reduces costs by allowing battery OEMs to utilize their existing manufacturing infrastructure. This instant solution is compatible with existing battery manufacturing facilities and assembly lines. Additionally, Addionics’ proprietary artificial intelligence (AI) algorithm speeds battery development time and can optimize electrode design to meet all battery applications and performance requirements. With these combined benefits, manufacturers can build high-performance batteries at 10% lower cost per kWh.

As part of Addionics’ reasons for choosing Addionics, BNEF said Addionics’ technology will accelerate the transition to a carbon-free economy, and that Addionics’ innovation is inspiring because it will drive adoption, uptake and commercialization. faster on the existing market.

Addionics recently closed a $27 million Series A funding round in January 2022, bringing the company’s total funding to $40 million. The funding will be used to expand the team, accelerate product development and lay the groundwork for commercialization with the support of Addionics’ partners, which include automakers and Tier 1 suppliers.


About Bloomberg New Energy Finance

Bloomberg New Energy Finance (BNEF) provides unique analytics, tools, and data to decision makers driving change in the energy system. It helps clients stay abreast of developments across the energy spectrum from its comprehensive web-based platform. BNEF has 200 employees based in London, New York, Beijing, Cape Town, Hong Kong, Munich, New Delhi, San Francisco, São Paulo, Singapore, Sydney, Tokyo, Washington DC and Zurich.

About Addonics

Addionics is creating the next stage of change in electric vehicle batteries by transforming battery architecture with smart 3D electrodes. The company’s scalable and cost-effective manufacturing process, combined with its AI-based optimization software, dramatically improves the economics and performance of batteries of any chemistry, existing or emerging. Addionics’ technology can also be applied to consumer electronics, stationary energy storage, aviation and defense, and medical devices. To learn more, visit www.addionics.com

Contact:

Annika Harper, Director of Public Relations, Antenna Group, [email protected]

Gilad Fisher, Chief Marketing Officer, Addionics, [email protected]

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