Summary
- Lyten plans to acquire manufacturing assets from Cuberg to expand its production capacity in the Bay Area
- They will convert the facility to lithium-sulfur battery production and invest up to $20 million for expansion
- The lithium-sulfur cells enable lighter weight compared to lithium-ion and lithium iron phosphate batteries
- The cells are made with locally available materials, reducing production costs at scale
- Lyten aims to fulfill increased customer demand by expanding capacity in San Leandro and Nevada
Article
Lyten, a San Jose-based company specializing in advanced materials and sulfur-lithium batteries, is set to acquire manufacturing assets from Cuberg, a San Leandro-based company. This acquisition includes a lithium-metal battery manufacturing facility and cell-making equipment. The plan is to convert the facility to lithium-sulfur battery production and invest up to $20 million in expanding production capacity by up to 200 MWh in the Bay Area by 2025. Commercial production is expected to begin in the second half of 2025, following plans to build a 10 GWh lithium-sulfur gigafactory in Nevada by 2027.
The high-energy-density lithium-sulfur cells developed by Lyten offer significant advantages over traditional lithium-ion and lithium iron phosphate batteries. They are up to 40% lighter than lithium-ion batteries and 60% lighter than lithium iron phosphate batteries. These batteries are made using locally available materials, eliminating the need for mined minerals like nickel, cobalt, manganese, and graphite. This allows for lower-cost production at scale, making them a more sustainable and cost-effective option.
Lyten CEO and co-founder Dan Cook explained that the acquisition of additional manufacturing capacity for lithium-sulfur batteries is aimed at meeting the growing demand from customers more efficiently. The company has experienced a ninefold increase in its customer pipeline since the beginning of 2024, with hundreds of potential customers now in line. To address this surge in demand, Lyten is working on allocating production capacity from both the San Leandro facility and the previously announced gigafactory in Reno. This strategic move will help the company meet the needs of its expanding customer base and ensure timely delivery of its innovative battery solutions.
With a focus on sustainable and eco-friendly battery technology, Lyten is committed to developing advanced energy storage solutions that offer improved performance, reduced weight, and lower production costs. By utilizing lithium-sulfur battery technology, the company aims to deliver innovative solutions that can help drive the adoption of electric vehicles and other clean energy applications. The acquisition of manufacturing assets from Cuberg and the planned expansion of production facilities demonstrate Lyten’s dedication to scaling up its operations in response to increasing customer demand and the growing market for high-performance batteries. This strategic approach positions Lyten as a key player in the evolving battery industry and reinforces its commitment to driving innovation and sustainability in the clean energy sector.
In conclusion, the acquisition of manufacturing assets from Cuberg and the planned expansion of production facilities by Lyten reflect the company’s commitment to meeting the growing demand for advanced lithium-sulfur batteries. By investing in sustainable and cost-effective battery technology, Lyten aims to provide innovative solutions that can drive the transition towards clean energy and electric vehicles. With a focus on customer satisfaction and product quality, the company is positioning itself as a leading player in the battery industry. The strategic moves made by Lyten demonstrate its dedication to innovation, sustainability, and meeting the evolving needs of its customers in a rapidly changing market.
Read the full article here
