Matthew Griffin, award winning Futurist and Founder of the 311 Institute, a global futures think tank working between the dates of 2020 and 2070, is described as "The Adviser behind the Advisers." Regularly featured on AP, CNBC, Discovery and RT, his ability to identify, track, and explain the impacts of hundreds of revolutionary emerging technologies on global culture, industry and society, is unparalleled. Recognised for the past five years as one of the world's foremost futurists, innovation and strategy experts Matthew is an international speaker who helps governments, investors, multi-nationals and regulators around the world envision, build and lead an inclusive future. A rare talent Matthew sits on the Technology and Innovation Committee (TIAC) for Centrica, Europe’s largest utility company, and his recent work includes mentoring XPrize teams, building the first generation of biocomputers and re-inventing global education, and helping the world’s largest manufacturers envision, design and build the next 20 years of devices, smartphones and intelligent machines. Matthew's clients are the who’s who of industry and include Accenture, Bain & Co, BCG, BOA, Blackrock, Bentley, Credit Suisse, Dell EMC, Dentons, Deloitte, Du Pont, E&Y, HPE, Huawei, JPMorgan Chase, KPMG, McKinsey, PWC, Qualcomm, SAP, Samsung, Sopra Steria, UBS, the USAF and many others.
WHY THIS MATTERS IN BRIEF
Solid state batteries charge faster, , don’t catch fire, last longer and and are cheaper to make than their liquid Lithium Ion cousins, making them a game changer.
Recently technology giants like Dyson, Samsung and Total have collectively invested $65 million in Ionic Materials, a company based out of Massachusetts in the US. This enormous vote of confidence is a bit shocking, as most people probably haven’t even heard of the small company before. But if Ionic Materials delivers on its recent claims, to create what some are calling the “Jesus battery,” the world’s first safe, working solid state battery, then these investments could pay off big style.
Solid state batteries are special because they replace the liquid or polymer electrolyte found in current lithium-ion batteries with a solid. The challenge, however, is in finding a solid material that is conductive enough at room temperature to be used in large batteries. Ionic Materials though, which was established in 1986, seems to be making unique progress in solid state technology. They’ve created a brand new material, a liquid crystal polymer, that could solve many of the pressing issues that prevent this type of battery from entering the market. So far, Ionic Materials’ researchers have claimed three major breakthroughs.
First, they assert that Lithium ions move as fast or even faster through their polymer than they would through a conventional liquid electrolyte system, or in layman’s terms a traditional battery. This seems counter intuitive because the polymer is a solid, but if it’s true, and early indications are that it is, then this would clear a huge hurtle to creating the world’s first working solid-state batteries. Second, the company also says that their material works at an impressive five volts and can be made simply and cheaply. And third, they’ve stated that, while most materials in solid state research operate at about 60° C (140° F), their material works under much cooler conditions — room temperature.
Ionic Materials seems to also have a leg up on competitors with its unique, cheap, and simple-to-produce material. But, if they are correct in their assertions, why would a solid-state battery be so groundbreaking?
Well, they’re much safer than current batteries, for one thing. Lithium ion batteries are flammable, something we’ve seen all too often with headline after headline about exploding phone and laptop batteries from companies like Dell and Samsung, and they’re also prone to overheating and combustion. Solid state batteries, on the other hand, preserve lithium in a non-flammable state, and that’s just one of the game changers.
Solid-state batteries are also able to be smaller, cheaper to make, and higher capacity than liquid-based batteries. They could potentially charge faster, last longer, and have better overall performance, all of which are good things, right? They could also help companies make better smartphones and electric vehicles.
The main challenge to realizing solid-state batteries though has been discovering a material with all of the right properties. If Ionic Materials is right and their polymer is the one to beat, then we could be closer to solid-state batteries than ever before. Still, the company has not released much data on their technology, so many experts remain sceptical of how close the researchers actually are to a working product so stay tuned…