DALLAS, Aug. 19,
2024 /PRNewswire/ -- Hunt Energy Enterprises
announced today R&D World Magazine has selected Hunt's Advanced
Cathode Technology for Li-ion venture (ACT-ion Battery
Technologies) as one of its 2024 R&D 100 Award winners.
Specifically, R&D World selected ACT-ion's Hydro4Crystal
platform, which overcomes the conventional cathode battery material
production process that is costly and complex with an innovative
continuous process that provides for coated single crystal cathode
active materials (CAMs) leading to higher performance and longer
cycle life lithium batteries.
"We are honored to receive this R&D 100 Award. In
collaboration with Argonne National Laboratory, we have worked on
this technology platform to not only improve lithium-ion battery
performance, but to positively impact United States supply chain and industry
competitiveness in electric vehicles, energy storage, and other
electrification applications," said Victor
Liu, President of Hunt Energy Enterprises.
Since 2019, ACT-ion Battery Technologies, a subsidiary of Hunt
Energy Enterprises, has worked to develop affordable,
fast-charging, and prolonged cycle-life single crystal CAMs for
lithium batteries.
"Hydro4Crystal process efficiently yields high-performance
single crystal CAMs at a lower cost, waste, and emission than
the incumbents with broad optionality for battery applications
ranging from small electronics to electric vehicles and further,"
said Jin Lim, Venture Leader of
ACT-ion Battery Technologies at Hunt Energy Enterprises. "We have
successfully developed and demonstrated Hydro4Crystal platform for
a variety of chemistries including high-energy lithium manganese
iron phosphate (LMFP), cobalt-free lithium-/manganese-rich oxides
(LMR), lithium iron phosphate (LFP), and nickel manganese cobalt
oxides (NMC) CAMs."
"This continuous manufacturing technology seamlessly integrates
single crystal formation, lithiation, doping, and surface coating
of CAMs into a high-throughput one-pot process that is suited for
mass-volume and low-cost production," said Youngho Shin, a senior process development
engineer at the Department of Energy's Argonne National
Laboratory.
Funding for the collaboration between ACT-ion Battery
Technologies and Argonne came from the Department of Energy's
offices of Advanced Materials and Manufacturing Technologies and
Vehicle Technologies, and Hunt Energy Enterprises.
About Hunt Energy Enterprises
Hunt Energy Enterprises is the corporate energy technology
venture group within Hunt Consolidated, Inc. As such, Hunt Energy
Enterprises has incubated several technologies that leverage its
operations and knowledge to create new energy companies and
partnerships with entrepreneurs in both the conventional petroleum
business and cleantech power. It is part of a larger
privately-owned group of companies managed by the Ray L. Hunt family that engages in oil and gas
exploration, refining, power, real estate, ranching and private
equity investments. For more information, please visit
www.huntenergyenterprises.com.
About ACT-ion Battery Technologies
ACT-ion Battery Technologies is a leading lithium
battery cathode active material (CAM) technology company,
created and incubated in Hunt Energy Enterprises. As an advanced
manufacturing technology company, ACT-ion's rapid continuous
process produces coated single crystal CAMs for lithium batteries
through a novel, clean, and chemistry-agnostic process, requiring
lower energy and cost. For more information, please visit
www.huntenergyenterprises.com/act-ion.aspx.
About Argonne
Argonne National Laboratory seeks solutions to pressing national
problems in science and technology by conducting leading-edge basic
and applied research in virtually every scientific discipline.
Argonne is managed by UChicago Argonne, LLC for the U.S. Department
of Energy's Office of Science.
The U.S. Department of Energy's Office of Science is the single
largest supporter of basic research in the physical sciences in
the United States and is working
to address some of the most pressing challenges of our time. For
more information, visit https://energy.gov/science.
Media Contact For Hunt Energy Enterprises: Paul Schulze,
publicaffairs@huntconsolidated.com
Media Contact for Argonne National Laboratory:
Lynn Tefft Hoff, lhoff@anl.gov
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SOURCE Hunt Energy Enterprises