24M

24M is a pre-revenue company working on advanced lithium-ion batteries (LiBs). It claims to have developed a semi-solid electrode with simpler cell design.

Compared to conventional LiBs, it has the potential to use 40% less materials and halve the capital expenditure in production. The company has been recognised for the potential impact it could have on the industry. It won the 2016 Bloomberg New Energy Finance New Energy Pioneer Award, was recognised as a 2016 IHS CERAWeek Energy Innovation Pioneer, and a 2016 World Economic Forum Technology Pioneer.