copyright © 2010-2011 etv energy ltd. all rights reserved. advanced battery technology for the...
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Copyright © 2010-2011 ETV Energy Ltd.
All rights reserved.
Advanced battery technology for the Advanced battery technology for the emerging electric vehicle opportunityemerging electric vehicle opportunity
www.etvenergy.comwww.etvenergy.com Arnold RothArnold RothChief Operating OfficerChief Operating Officer
Copyright © 2010-2011 ETV Energy Ltd.
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A call to actionA call to action
• Global warming• Environmental pollution• Geopolitics• Oil prices
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Establishing technology leadership in one of the most Establishing technology leadership in one of the most valuable segments of today’s global markets valuable segments of today’s global markets
Collaboration: Academia
Collaboration: Industry
Track record of success
Experienced management team
InnovationScience
Execution
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Successfully addressing the key challenges calls for Successfully addressing the key challenges calls for focus on energy density and costfocus on energy density and cost
0
200
400
600
800
0 50 100 150 200 250 300 350 400
1.2V3.2V
NiCdNiCd
NiMHNiMH
(Wh/l)
(Wh/kg)Gravimetric specific energy
3.6V - 3.8V
USABC long term target
Li-ionLFP
Li-ionLFP
Li-ionLCO, LMONCA, NMC
Li-ionLCO, LMONCA, NMC
Source: ETV Energy; BDG Battery Report - Dec. 2009, Roland BergerTarget values are compared to USABC long term goal for EVs. Assumes 30% increase in weight and volume for battery pack and BMS
4.7V (NMS) Q1 2014Q1 2014
Q4 2012High5ive™ prismatic 1-2Ah 4.7 Volt cell
Battery for UAV
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High performance in key measures: energy density, High performance in key measures: energy density, power rating, safetypower rating, safety
Graph: High voltage Nickel Manganese Spinel Oxides for Li-ion Batteries - Electrochimica Acta 53 (2008), CEA FranceTypical data obtained from ETV Energy 1Ah cell (4.7V) vs. graphite
Cycle lifeCycle life%
Cycles
% c
apac
ity
C/5C/2
High power performanceHigh power performance Minimal thermal runaway (safe)Minimal thermal runaway (safe)
Temperature (0C)
Hea
t Flo
w (W
g-1)
Cell
volta
ge
V
Nominal capacity
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Elimination of electrolyte oxidation by eliminating Elimination of electrolyte oxidation by eliminating Manganese dissolution and deposition on the anode Manganese dissolution and deposition on the anode
Lithium ion
Anode
Manganese ion
Cathode
Separator: Separator: Scavenging Scavenging membrane membrane minimizes the minimizes the transfer of Mntransfer of Mn+2+2 to to anode without anode without affecting Lithium affecting Lithium conductivityconductivity
Separator: Separator: Scavenging Scavenging membrane membrane minimizes the minimizes the transfer of Mntransfer of Mn+2+2 to to anode without anode without affecting Lithium affecting Lithium conductivityconductivity
Cathode: Cathode: Protective layer to Protective layer to minimize minimize dissolution of Mn+2 dissolution of Mn+2 into electrolyte and into electrolyte and electrolyte electrolyte oxidationoxidation
Cathode: Cathode: Protective layer to Protective layer to minimize minimize dissolution of Mn+2 dissolution of Mn+2 into electrolyte and into electrolyte and electrolyte electrolyte oxidationoxidation
Anode: Anode: Protective Protective layer to minimize layer to minimize deposition of Mndeposition of Mn+2+2 into anode into anode materialmaterial
Anode: Anode: Protective Protective layer to minimize layer to minimize deposition of Mndeposition of Mn+2+2 into anode into anode materialmaterial
IP secured by patent strategyIP secured by patent strategy
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High5ive™ cell chemistry: outstanding performance High5ive™ cell chemistry: outstanding performance
• ETV’s goal is an enabling high voltage (>4.5V) technology platform, engineered to be ready for future developments and enhancements
• NMS chemistry delivers significant customer value:• 50% to 100% higher energy density compared with state-of-the-art• As much as 30% lower cost of production and use of inexpensive
materials• Power rating as good as the very best• Inherently as safe as the
safest competitor
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Validation in relevant market segments Validation in relevant market segments
Technology requirement
1,000
Focused Medium Broad
$Mn
1
10
100
10,000
Energy density + Power density
+ Cycle life+ Operating temp+ Storage
Underway Dec’10 ApprovedApproved Collaboration with industryCollaboration with industry
100,000
$100M$100M
$500M$500M
>$50B>$50B
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Partnering with industry leaders for mass markets, Partnering with industry leaders for mass markets, addressing niches directlyaddressing niches directly
Licensing
Production
JV
Market size1
Aviation
Hand tools
Electric bicycles and motorcycles
Mobile Electronics
Superbikes
Cars, trucks, buses
Telecommunication
Defense
10 100 1,000 100,00010,000
Low<$500/ kWh
HighUp to $2,000/kWh
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Seasoned, accomplished management teamSeasoned, accomplished management team
Dror Ben David CEO
• Initiated and led multi-billion dollar technology programs at the Israeli air force• As chairman led Al Cielo Ltd (fiber-optics) to successful M&A transaction, achieving
20x return
Dr Arieh Meitav CTO
• Pioneer of the Lithium battery technology since mid seventies• Invented polymer supercap – company acquired by AVX; product commercial since
2001
Dr Neal NaimerDirector
• Invented large-format Zinc-Air batteries - implemented by US military
Arnold Roth COO
• Led successful IPOs and exits in Israel, US and Australia
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So in summary…So in summary…
• Team has proven track record of bringing new electrochemical systems to market and succeeding
• A truly game-changing high-voltage electrochemistry• Strong patent position • Twice the energy density of state-of-the-art batteries• 30% lower cost of production and inexpensive materials
• Blended go-to-market model : Licensing into highly competitive markets, with in-house production of own-brand cells/batteries in high-profit niche markets
• Once proven in market, High5ive line will strongly support ETV’s global technology licensing revenue stream
• Exceptionally capital efficient – first revenues within 3 years of inception• Expecting to achieve break-even by 2013
Copyright © 2010-2011 ETV Energy Ltd.
All rights reserved.
Comments and questions are welcomeComments and questions are welcomeArnold Roth • Arnold Roth • President and Chief Operating OfficerPresident and Chief Operating Officer • • [email protected]@etvenergy.com
Toll-free from the US Toll-free from the US • 1-888-875-5766• 1-888-875-5766Herzliya, Israel Herzliya, Israel +972-9-951-7277+972-9-951-7277
One of the company’s labs on the Bar Ilan University campusOne of the company’s labs on the Bar Ilan University campus