In April 2015, Stanford University scientists announced the inventment of the first high-performance aluminum battery. This reseach team is led by Professor Hongjie Dai, who is also a member of National Academy of Sciences(NAS).
Luminum has long been an attractive material for batteries, mainly because of its low cost, low flammability and high-charge storage capacity. For decades, researchers have tried unsuccessfully to develop a commercially viable aluminum-ion battery.
This new technology is fast-charging, long-lasting and inexpensive. Researchers said it could offer a safe alternative to many commercial batteries in wide use today. In addition to small electronic devices, aluminum batteries could be used to store renewable energy on the electrical grid.
Caus Capital always focused on the new technology in North America. We contacted this team at the first time and invested about 6 million dollars for commercial production of this new technology.
In early 2017, Caus Capital helped this team to settle in Qingdao, China and got finacial support, 100 million RMB, from local government.