BroadBit Batteries wins EIC Accelerator award

GenerationS alumni, BroadBit Batteries, won an EIC Accelerator award from the European Innovation Council and SMEs Executive Agency (EISMEA) to finalize the commercialization of our revolutionary cheap, safe, clean, scalable and sustainable Sodium-Salt batteries for EV, grid storage and other Lithium-ion replacement applications.   This funding will allow BroadBit Batteries to rapidly complete our R&D, scale production for our first applications and get to market fast.    The award consists of a grant of 2.5M€ (2.8M$) with the possibility of receiving an additional 8M€ (9M$) EIC equity investment pending securing matching 8M€ (9M$) of 3rd party funds. In addition to supporting, for instance, salaries and patenting, the major part of the project is to design, purchase and install the specialized dry cathode and SO2 electrolyte production equipment needed for large scale manufacturing of BroadBit’s revolutionary Sodium-Salt batteries.