SPARKZ featured in recent CNBC report
SPARKZ Inc., a battery start-up with exclusive licenses from Oak Ridge National Laboratory, was featured recently in a CNBC report on cobalt extraction. The chemical element has been getting a lot of attention lately because it is one of the most expensive materials found in lithium-ion batteries, which power everything from laptops and cell phones to electric vehicles.
As described in this February teknovation.biz article, SPARKZ is focused on the domestic production of cobalt-free lithium batteries. The company was founded by Sanjiv Malhotra and more recently won a grant for $2.6 million from the California Energy Commission to extend its development into solid-state batteries.
“One of the key motivating factors for starting Sparkz was to address the supply chain issues for lithium-ion batteries predominantly for cobalt and make the US independent of any supply chain. We are proud to showcase it to a worldwide audience of investors, customers and other key partners,” said Sanjiv Malhotra, SPARKZ Founder. “This documentary makes clear America’s clean energy future will reach its potential when we innovate and manufacture the next generation of energy storage domestically. SPARKZ’s go-to-market strategy for more effective and efficient American batteries will create value for U.S. workers, consumers, and our strategic partners.”
Click here to view the CNBC feature.