24M Technologies, Inc.

24M is a spin-out from MIT that develops and produces semi-solid binder-free cells. This profile will briefly cover the company's technology and its implications on binders (and specifically PFAS binders) for Li-ion cells.

24M (Massachusetts, USA) develops semi-solid battery technology, aiming to disrupt lithium-ion production with lower-cost, simpler manufacturing. Its licensed business model targets electric vehicle (EV) and grid storage markets, partnering with firms like Kyocera and Volkswagen. Advantages include reduced material use, higher energy density, and compatibility with existing facilities. Backed by US$100M+ funding (including from Japan's GPSC), it leverages MIT-derived IP. Challenges include scaling production and competing with entrenched lithium-ion giants (CATL, Panasonic). Positioned as a cost-innovation leader, 24M's semi-solid approach bridges traditional and next-generation solid-state technology but faces execution risks in a capital-intensive industry.

24M, founded in 2010, has developed a semisolid lithium-ion battery cell. IDTechEx caught up with the company at The Battery Show Europe 2024.

24M, founded in 2010, has developed a semisolid lithium-ion battery cell.