UK-based clean tech innovator EQONIC has announced a major leap forward in battery technology, unveiling a system that could slash energy storage costs by up to 70% while eliminating fire and environmental risks that have long plagued the industry.
The company’s new battery platform — free from lithium, sodium, and rare earth elements — is being hailed as a potential game-changer for renewable energy storage, offering an alternative that’s safer, cheaper, and more sustainable than anything currently on the market.
At the heart of EQONIC’s breakthrough is a proprietary composite material that replaces the need for lithium and other high-cost, fire-prone metals. The result: a battery with material costs just 30% of traditional lithium-metal batteries, driving the manufactured cost target down to around £50 per kWh — roughly half the current industry average.
Crucially, EQONIC’s batteries are non-flammable and eliminate thermal runaway, the leading cause of battery fires in homes, vehicles, and grid-scale installations.
“The energy storage industry is stuck in a compromise, choosing between cost, safety, or sustainability,” said Jas Kandola, EQONIC’s Founder and CEO. “We’ve eliminated that trade-off. Our technology costs 70% less at the material level than lithium batteries while being completely safe and sustainable — and entirely free of rare earth materials.”
EQONIC’s innovation comes at a time when the world is grappling with rising lithium prices and tightening supply chains due to geopolitical tensions and mineral export restrictions.
By relying solely on abundant, responsibly sourced materials, EQONIC avoids the supply bottlenecks and ethical concerns tied to lithium and cobalt mining. The company’s approach also aligns with circular economy principles — its batteries are designed for full recyclability from inception.
The company’s R&D roadmap projects steady gains in energy density, with performance expected to surpass sodium-ion batteries by 2026, outperform LFP (lithium iron phosphate) by 2027, and reach NMC (nickel manganese cobalt) levels by 2029 — all without using critical minerals.
EQONIC’s development-first model, with 100% secured IP rights, means the firm can now move into commercialization with confidence.
Rather than building its own gigafactory, EQONIC is taking a capital-light approach, seeking to license its technology and form strategic partnerships with established manufacturers. This model aims to accelerate global deployment across industrial, commercial, and residential sectors — without the immense capital risk of scaling manufacturing alone.
“While others rushed to market with incremental improvements, we focused on solving the fundamental challenges,” Kandola added. “Now, we’re ready to bring truly transformative technology to market.”
Alongside its innovations division, EQONIC has built a thriving commercial arm that already supplies complete energy storage systems to B2B and D2B clients. The company’s portfolio spans low and high-voltage batteries, hybrid inverters, custom power systems, and containerized solutions for both residential and industrial use.
Demand for these solutions has already resulted in a multi-million-pound project pipeline and deployments with several high-profile clients.
EQONIC’s advisory board includes heavyweight expertise from across the automotive and energy sectors.
Craig Wilson, former executive at Williams Advanced Engineering, brings deep engineering and scaling experience, while Stuart Dyble, who held senior roles at Ford, Aston Martin, Jaguar Land Rover, and Volvo, strengthens the company’s strategic communications and growth vision.
EQONIC is a UK-based energy technology company developing next-generation, lithium-free, sodium-free, and rare-earth-free battery systems. The firm also provides complete energy storage solutions for industrial, commercial, and residential markets, supporting the global transition to Net Zero.
Its mission: to enable true energy independence — empowering clients to generate, store, and manage renewable energy safely and sustainably.
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