Why Cyclica?

Urgently combatting climate change requires a shift to renewables and electrification, reliant on efficient energy storage like batteries. Despite this need being evident for years, significant action, mostly in the Far East, only recently emerged. 

Recognizing this since 2015, Phase Motion Control engaged in R&D, leading to the establishment of Cyclica

With substantial IP and progress, Cyclica now exclusively focuses on advancing energy storage solutions. A vital step forward after years of preparation.

The battery value chain faces several obstacles

Environmental Impact

Li-Ion batteries, expected to reach approximately 2.2 million tons of Li usage by 2030, pose significant environmental concerns. The extraction of one ton of Li currently requires about 500,000 gallons of water and produces 15 tons of CO2.

The limited recycling of Lithium from batteries, predominantly by Li-Cycle in North America and HydroVolt in Europe, adds to the environmental challenges.

Risk of Fire

Large battery installations and electric vehicles (EVs) face a substantial risk of thermal runaway, a major concern for safety. It takes 2,600 gallons of water to extinguish a Tesla battery fire, illustrating the severity of the issue. The increasing incidents of Battery Energy Storage System (BESS) fires in South Korea, with at least 23 reported since 2017, raise concerns about the safety of renewable energy storage.

Additionally, the risk of uncontrollable fires hampers the progress of zero-emission boats and ships.

Battery life and availability are impacted by variations in cell capacity and impedance, despite manufacturers’ efforts to standardize. As the battery is used, each cell’s voltage drops, reaching cut-off when the weakest cell depletes. The Battery Management System prevents further discharge to protect the weakest cell, making the battery only as good as its weakest part. Despite attempts to equalize cell behavior, the weakest cell remains the capacity determinant.

In battery cell production, China dominates the Li-Ion market, with Europe lagging at less than 6% global share in 2020. Projections indicate Europe could reach 25% by 2030, driven by upcoming mega-factories, primarily supporting EVs.

Energy storage is vital for the future of energy

Sources: Statista, Bloomberg

The global market for battery manufacturing is expected to grow from 41 B$ in 2021 to [Y] in [2026], with a 18 % CAGR.

The market continues to be dominated by Li-Ion batteries.

Higher powr density and have longer life cycles vs other technologies. 
Li-Ion batteries are projected to total sales of $92bn in 2026.

Such impressive growth will be largely fueled by:

Demand for Electric Vehicles (1 in 4 cars sold in 2030 is forecast to be battery-powered).
Widespread use of e-bikes, whose market is projected to hit $53.5bn in 2027.
Increase in energy production from renewables.
Push towards electrifications of ships and planes.