New machine learning algorithms predict cell performance and reliability quicker and more accurately.
HALIFAX, Nova Scotia, September 11, 2023 – NOVONIX Limited (NASDAQ: NVX, ASX: NVX) (“NOVONIX” or the “Company”), a leading battery materials and technology company, and SandboxAQ, an enterprise SaaS company that combines artificial intelligence (AI) with quantum analysis (AQ) to address some of the world’s most challenging problems, today announced they will collaborate to predict the lifespan of lithium-ion batteries, by leveraging SandboxAQ’s AI-driven chemical simulation software and NOVONIX’s Ultra-High Precision Coulometry (UHPC) technology and extensive battery cell prototyping and testing capabilities.
With the rapidly growing demand for lithium-ion batteries required to support the global electrification trend, optimizing battery performance and cycle life on a timely basis has never been more critical to enhance performance and reduce battery costs. NOVONIX is focused on developing key technologies and materials that are needed for long-life, high-performance battery applications. This enhanced data and analytics offering complements NOVONIX’s UHPC testing equipment and R&D prototyping and testing services to provide actionable information faster for the battery industry. The resulting models will be used for data products and services in the first half of 2024, building on NOVONIX’s purpose-built, proprietary, battery data platform.
Predicting lithium-ion battery performance and degradation has been an ongoing challenge due to the complexity of the electrochemical system inside a lithium-ion cell, which depends on many factors such as cell chemistry, temperature, cycle rate and operational voltage windows, as well as physical cell design parameters. Presently, the battery industry performs extensive lifetime and performance assessments, which can take years for the necessary analytical results to drive cell and material improvements. Accurately predicting cell life using short-term, high-throughput UHPC testing in combination with advanced AI models can help accelerate product development and innovation for new battery chemistries.
Nadia Harhen, General Manager of Simulation & Optimization at Sandbox AQ, said: “AI and Quantum technologies will revolutionize nearly every industry. Collaborating with the scientists at NOVONIX to deploy machine learning algorithms and quantum simulations for battery R&D, we have an opportunity for immediate and substantial impact across application areas in energy storage. SandboxAQ’s predictive modeling technologies, paired with NOVONIX’s industry-leading expertise, will transform the battery industry’s ability to make informed decisions around chemistries, processes, cells, and technologies at every stage of research and manufacturing.”
Dr. Chris Burns, CEO of NOVONIX said: “We are thrilled to partner with SandboxAQ and leverage their transformational AI and Quantum (AQ) solutions to accelerate innovation in the evolving battery landscape. SandboxAQ’s breakthrough AQ-powered software has the opportunity to revolutionize battery R&D, optimizing discovery, design, and manufacturing of the next-generation energy storage products that will power a more sustainable future. SandboxAQ’s insight and solutions will allow NOVONIX to unlock the full potential from its UHPC products and service offerings to drive actionable insights and better outcomes across the battery value chain. For the last decade, NOVONIX has leveraged insights from its Battery Technology Solutions division to push to the forefront of product innovation. We are confident that this strategic partnership will continue to strengthen our competitive edge in providing revolutionary solutions to the battery industry.”
About NOVONIX
NOVONIX is a leading battery technology company revolutionizing the global lithium-ion battery industry with innovative, sustainable technologies, high-performance materials, and more efficient production methods. The company manufactures industry-leading battery cell testing equipment, is growing its high-performance synthetic graphite anode material manufacturing operations, and has developed an all-dry, zero-waste cathode synthesis process. Through advanced R&D capabilities, proprietary technology, and strategic partnerships, NOVONIX has gained a prominent position in the electric vehicle and energy storage systems battery industry and is powering a cleaner energy future. To learn more, visit us at www.novonixgroup.com or on LinkedIn and X.
About SandboxAQ
SandboxAQ is an enterprise SaaS company, providing solutions at the nexus of AI and Quantum technology (AQ) to address some of the world's greatest challenges. The company's core team and inspiration formed at Alphabet Inc., emerging as an independent, growth-capital-backed company in 2022. SandboxAQ is backed by T. Rowe Price, Eric Schmidt (chairman of SandboxAQ), Breyer Capital, Guggenheim Partners, Marc Benioff, Thomas Tull, Paladin Capital Group, and other leading investors. For more information, visit https://www.sandboxaq.com.
