June 23, 2023: Basquevolt, the solid state lithium battery developer and manufacturer, inaugurated its innovation center in mid-June in an official ceremony presided over by the president of the Basque government, Iñigo Urkullu and the company’s investment partners.

The company claims that its technology will revolutionize the lithium battery market as the greater efficiencies and safety of solid state batteries replaces existing lithium chemistries.

The company CEO, Francisco Carranza, said he expects to start producing its 20Ah cells by the end of the year. A spokesperson said solid state lithium technology can “reach a high energy density — 1,000Wh/l and 450Wh/kg) — while reducing overall battery pack costs.

“Basquevolt battery cells can be produced through a more efficient, less complex process, creating a 30% reduction in the capital investment needed per GWh in a gigafactory and 30% less energy used per kWh produced, compared to lithium-ion batteries.”