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South 8 Applied sciences Secures Strategic Funding from Lockheed Martin Ventures


South 8 Applied sciences Secures Strategic Funding from Lockheed Martin Ventures


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South 8 Applied sciences, the Cleantech San Diego firm innovating safer and better efficiency electrolytes for the subsequent era of lithium-ion batteries, has closed a strategic funding with Lockheed Martin Ventures, the enterprise arm of Lockheed Martin (NYSE:LMT), a world chief in protection and aerospace expertise, with participation from present South 8 traders LG Expertise Ventures, Foothill Ventures and Anzu Companions.‍

 

South 8 is the primary firm to develop a novel liquefied gasoline electrolyte expertise as a safer, greater efficiency different to plain liquid electrolytes. Generally known as LiGas®, the liquefied gasoline electrolyte is straightforward to include into present cell manufacturing processes, makes use of supplies that are all presently manufactured globally at scale and affords easy recyclability on the finish of life. LiGas improves security, will increase power density, achieves all-weather efficiency, allows fast-charge functionality and reduces prices whereas additionally being appropriate with present lithium-ion cell manufacturing or Gigafactory manufacturing processes and provide chains.

“The distinctive efficiency capabilities of the LiGas electrolytes are an enabling expertise for more and more aggressive buyer necessities, significantly these set forth by the aerospace and protection industries,” stated Cyrus Rustomji, CEO for South 8 Applied sciences. “We’re excited to obtain Lockheed Martin’s assist as we proceed to enhance battery expertise, attain new markets and lead the transition in direction of a greener future.”

“Ahead-thinking, solutions-focused firms like South 8 Applied sciences are motivated to convey the suitable options to our clients,” stated Chris Moran, vice chairman and common supervisor of Lockheed Martin Ventures. “We hope to leverage South 8’s LiGas expertise to offer power options that enhance security and power density whereas reaching all-weather efficiency, enabling higher area efficiency.”

As a result of LiGas maintains glorious operation at each high and low temperatures starting from -60 to +60 levels Celsius, the use circumstances are extensive starting from client, industrial and industrial electrical autos to navy protection programs. Examples embrace the whole lot from linked battlefields, unmanned aerial autos and subzero energy to all-weather power purposes for grid storage and energy backup to marine sea monitoring, electrical boats and submarines.

 

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