tbli conference™ nordic 2014 - entrepreneurs salon - john busbee - xerion battery
DESCRIPTION
"Reducing costs for high-performance, battery-based energy storage for electric vehicles." Xerion Advanced Battery Corp is a development-phase company that is developing ultra-high power, very fast charging batteries for cost-effective production. These batteries are based upon a porous, nanostructured electrode structure, which is demonstrated to provide improvements, including up to 40x higher power density, 15x faster recharge, 20% higher energy density, improved safety and cycle life, and up to a 35% reduction in total cost. This disruptive combination of properties has the potential to make electric vehicles as practical as internal combustion powered vehicles. TBLI CONFERENCE™ NORDIC 2014 Our first ESG & Impact Investing conference in the Nordic region, hosted by the BI Norwegian Business School in Oslo. For 2 days, the conference offered a platform to learn about current trends in sustainable investing and CSR in the Nordic region – and ample opportunity to find new business partners. Unique to this event, selected entrepreneurs have been invited to present their innovative green technology and climate change related projects to the investor community.TRANSCRIPT
Xerion A D V A N C E D B A T T E R Y C O R P
StructurePoreTM+Ba.eries+Lightweight,)Low)Cost)Ba/eries)through)Nanotechnology)
John+Busbee,+Ph.D.+Chief)Execu:ve)Officer)
+(217)+377>6888+
j.busbee@xerionba/ery.com)+
Who we are…
A. Chartered in Delaware as a C-Corp in 2010.
B. The founders and majority shareholders are: I. Chief Executive Officer John Busbee, Ph.D. II. Chief Financial Officer Christopher Kolb III. Chief Science Advisor & Inventor Professor Paul Braun, Ph.D. IV. The University of Illinois
C. 10 employees (including founders) – 6 Ph.D.s
D. 3 Patents (2 Granted/1 Pending)-Exclusive license for all fields of use from University of Illinois. 4 more company patents in progress
E. Development labs are located at the University of Illinois Research Park at Urbana-Champaign, Illinois.
F. Raised $6.25M in Angel funding in 2 rounds
A+startup+company+comprised+of+seasoned+entrepreneurs+and+disGnguished+scienGsts+and+engineers+dedicated+to+fully+commercializing+advanced+ba.eries+
+
StructurePoreTM: Nanostructured, Porous Electrode Architecture
0" 15000" 30000" 45000"
LiCoO2
BEEST Goal
LiFePO4
Xerion
Specific Power, (W/Kg)
Lab$Demonstrated$
0 50 100 150 200
LiFePO4
LiCoO2
Xerion Battery
Energy Density, (Wh / Kg) 0 20 40 60
LiCoO2
LiFePO4
Xerion Battery
Rapid Charge Times (min)
Up#to#50%#reduc.on#in#materials#costs#
+
#70%#of#electricity#available#with##complete#discharge#in#10#sec#
StructurePoreTM Lab Demonstrated Charge and Discharge Performance
4+
1 10 100 10000.3
0.4
0.5
0.6
0.7
0.8
0.9
1.0
Cap
acity
Ret
entio
n
C Rate
Faster))Discharge)
Typical+Commercial+High+Power+Ba.ery+
LAB+DATA+
PotenGostaGc+charging+(3.5V),+3C+discharge+
#90%#Recharge#in#2#minutes!!#
StructurePore+LMO+Cathode+ StructurePore+LMO/Graphite+Cell+
StructurePore+Lab+Data+
5+
Technology Overview
Li++
High Power Density
Fast+movement+of+Li++through+the+pores+
++Fast+movement+of+e>+through+
the+laXce+++
Thin+acGve+material+=++
Fast#Reac.on#
High Energy Density
3D+Architecture+++
Nanoscale+pores+++
No+metal+foil+=++
Ac.ve#material#high#%#of#total#weight#
Enhanced Cycle Life
Reduced+HeaGng+=+
Slower#parasi.c#chemical#reac.ons#
#
+Porous+Structure+
=++Reduced#mechanical#cracking#
due#to#swelling#
Enhanced Safety
Thin+acGve+material+=+
Reduced#Hea.ng###
Nanostructured+metallic+foam+=++
Reduced#electrical#shorts#
Manufacturing#Processes#Cost+EffecGve,++Commercial++Processing+
Typical+ElectroplaGng+Line+(not+a+typical+ba.ery+process)+
Electrode##Manufacturing#
Typical+Ba.ery++Assembly+Line+
StructurePore)Electrode)Inserted)back)into)Commercial)Assembly)Line)
Cell++Assembly+
Electropla:ng)Powder)Processing)
Typical+Tape+CasGng+Line+(Commercial+Ba.ery+Process)+
Demonstrated#Milestone#Successes#
Milestone$ Significance#
• High>power,+nanostructured+carbon+electrode+ ! 2X+higher+capacity+
• High>energy+StructurePore™+silicon+electrode+ ! 10X+higher+capacity.+
• High>energy+StructurePore™+Gn+electrode+ ! 10X+higher+capacity+(vol)+
• New+electroplaGng+process+ ! Directly+deposit+final+ba.ery+material+
• StructurePore™+ultra>low+metal+variant++ ! From+30%+to+3%+metal+(by+volume)+
• StructurePore™+zero>metal+carbon+variant+ ! energy+density,+cycle+life+improvements+
• Tested+be.er+than+high+power+Li>Ion+leaders:+A123,+Horizon,+SAFT+and+Yardney++
• 30%+higher+capacity,+5X>10X+higher+power,+3X>4X+reduced+charge+Gme.+
• Models+(based+upon+lab+data)+project+50%+reducGon+in+ba.ery+raw+materials+cost+
New Intellectual Property
6#New#technologies#going#through#the#patent#process#
• New+solid+polymer+electrolyte+
• StructurePoreTM+architecture+refinement+
• New+manufacturing+processes+
• Two+new+acGve+materials+
• Advanced+ba.ery+structures+
New#technologies#broaden#markets/New#poten.al#revenue#channels#
Ba.ery>on>a>chip+Custom>shaped+Ba.eries+
Exis.ng#Commercial##Materials#• Reduce++Risk+• Speed+Gme+to+market+#
AQributes:#• Very+High+Power+• Fast+Charge+• Good+Storage+Capacity+• Be.er+Cycle+Life,+Safety+• Lower+Cost+#
Markets#• Hybrid+Vehicles+• Power+Tools+• Military+• UGliGes+
+
High#Capacity#Commercial##LiTion#materials#
• Being+adopted+now+• Broaden+market+reach+• Larger+Markets+
AQributes:#• High+Storage+Capacity+• Fast+Charge+• High+Power+• Be.er+Cycle+Life,+Safety+• Low+Cost+
Markets#• Cell+Phones+• Laptops+• Hybrid+Vehicles++
New#LiTion#Materials#• Development+Underway+• DrasGc+Performance+Improvements+
AQributes:#• Very+High+Storage+Capacity+• +Fast+Charge+• High+Power+• Very+High+Cycle+Life+• Very+Good+Safety+• Low+Cost+
Markets#• Grid>Scale+Energy+Storage+• Electric+Vehicles+• Electronics+
Medical+DiagnosGc+Devices ++Microba.eries++
Large>Scale+Manufacturing+
Custom+Systems+
Ba.eries+integrated+in+structures+
Business#Development#
Consumer#Products#
Company$ Product$Area$
Ongoing)Conversa:ons)
Horizon+Hobby+Stanley+Black+and+Decker+Duracell+
Radio>controlled+hobby+aircrai/cars+Power+tools+Consumer+cells+
Electronics#Company$ Product$Area$Samsung+Blackberry+Google+Dell+
All+Products+Handsets>AutomoGve+Netbooks,+handsets+Tablets,+cell+phones,+cameras+
Industrial#Company$ Product$Area$Sempra+Energy+USABC+(GM,+Chrysler,+Ford)+John+Deere+
UGlity+AutomoGve+Agricultural,+Forestry,+ConstrucGon++
11+
Phase+1:++Technology+Refinement+and+Feasibility+DemonstraGon+• Develop+cost>effecGve+manufacturing+
processes+• Demonstrate+manufacturable+architecture+• Refine+structure+and+Material+• Produce+Baseline+Tech+Feasibility+Prototype++
Phase+2:++Manufacturing+Process+Assessment++• OpGmize+structure+and+materials+for+scaled+
manufacturing+• Scale+manufacturing+processes+• Develop+process+flows,+quality+control+
criterion+and+tesGng+protocols++• Produce+Manufacturing>+RepresentaGve+
Prototype++
• Correlate+ba.ery+performance+and+features+to+specific+needs+by+market+
• IdenGfy+early+market+focus+based+upon+economies+of+scale+and+strategic+alignment+with+long>term+market+strategies+
• Develop+early+relaGonships+with+target+customers+to+understand+needs+
• Secure+R&D+contracts+with+potenGal+customers+as+product+testbed+and+to+broaden+scope+
• Work+closely+with+customers+to+iterate+product+features+before+fixing+final+design+
• Secure+strategic+relaGonships+and+agreements++
Leads)to) IPO#or#Acquisi.on#
Needs+Features#
Performance++IteraGon+
Product+Feedback#