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World's first Gigafactory for pure solid-state batteries established in Switzerland.
Switzerland is a leader in innovation and technology.
Solid-state batteries are regarded as the successor technology to conventional lithium-ion batteries. Intensive research is being carried out worldwide - and Switzerland is now the first country to go into series production with this technology.
The solid-state battery from SCB AG is extremely durable, non-combustible and 50% better in terms of environmental performance than conventional lithium-ion batteries.
Energy transition and security of supply are two sides of the same coin - in Switzerland as well as globally. Renewable energies are the key, and electricity storage is a central prerequisite for this. With an initial production of 1.2 GWh, SCB AG will serve both the Swiss domestic market and the international market with sustainable battery storage systems from 2024.
The company was founded in March 2022. The CEO is Roland Jung, CFO Peter Koch, COO Thomas Lützenrath. The company is based in the canton of Thurgau, Frauenfeld in eastern Switzerland. A production facility is gradually being built: in the order of 1.2 GWH with a planned turnover of CHF 318 million, an investment volume of CHF 246 million, 181 employees and an enterprise value of CHF 1.3 billion.
Energy transition and security of supply are two sides of the same coin - in Switzerland as well as globally. Renewable energies are the key, and electricity storage is a central prerequisite for this. With an initial production of 1.2 GWh, SCB AG will serve both the Swiss domestic market and the international market with sustainable battery storage systems from 2024.
Feverish research is being carried out worldwide to replace the conventional lithium-ion batteries with the solid-state battery as the new basic technology.
In the final phase, SCB AG is to produce 7.6 GWH, with an investment of CHF 775 million, a turnover of approx. CHF 2 billion and 1061 employees. The enterprise value will then be CHF 8.6 billion, with a conservative multiple of 18. An IPO is planned for October 2022.
Feverish research is being carried out worldwide to replace the conventional lithium-ion batteries with the solid-state battery as the new basic technology.
Lithium-ion batteries have disadvantages: The service life is limited. And, they continuously lose power when charging and discharging. It decreases the more a battery is “stressed”, i.e. used. They are also flammable and have a poor environmental balance. Critical raw materials are used, such as cobalt.
The solid-state battery produced by SCB lasts almost indefinitely, maintains an almost constant performance and is 50% better in terms of the environmental balance than conventional LI batteries. Furthermore, it is non-flammable and therefore safe and does not contain any critical raw materials such as cobalt. You can find a detailed performance description of the solid-state battery at the developer: HighPerformanceBattery.ch
As a production company, SCB AG has acquired the license from the development company HPB AG, also in Eastern Switzerland and based in Teufen, to produce the batteries.
The predecessor technology of the solid -state battery - still on a liquid basis - has already performed more than 50,000 charging cycles in a battery storage system for buffering the power grid in practical use in the USA . This liquid predecessor technology was already produced industrially.
For more information, visit: swisscleanbattery.ch
