Need for Safer Alternatives Drives Innovations in Solid State Batteries
Exploding lithium-ion batteries have caused serious concerns worldwide and they are no longer allowed on board aircraft. Safety issues with lithium-ion batteries are not new; however, consumers make Faustian bargain between safety and power density. The pressing need for safer batteries is driving the solid state battery market because this type of battery can halt the growth of dendrites and prevent leaking, which are two major reasons for explosions. There has been a lot of hype surrounding solid state batteries, this study investigates the technology readiness level and technology management strategies of these batteries as well as profiles key innovations happening in this space.