Tesla has filed a new patent that could lead to a significant breakthrough in improving battery performance and efficiency, especially in high-temperature conditions. This innovation has the potential to enhance the overall efficiency of battery storage devices and could play a crucial role in the expansion of Tesla’s Robotaxi service.
Improved Efficiency of Battery Storage Devices
The patent details a new ‘dicarbonate’ solvent, Dimethyl 2,5-dioxahexanedioate (DMOHC), and a new Lithium bis(fluorosulfonyl)imide (LiFSI) salt. These components can help Lithium Ion batteries perform better under high voltage and high-temperature conditions. The findings suggest that the new solvents enable Li-ion batteries to:
- Maintain stability up to 85 degrees Celsius (185°F)
- Retain almost 99% capacity even after 3,500 hours of use
This improvement in battery performance also involves enhanced safety by minimizing gas buildup, which can become a fire hazard if the battery containers swell up and rupture.
Expansion of Robotaxi Service
The increased safety, ability to work at higher temperatures, and sustained capacity of the new battery technology could facilitate the expansion of Tesla’s Robotaxi service into 8-10 new markets in the U.S. Currently, the Robotaxi network operates from 6:00 AM to 2:00 AM. The new technology, combined with Full Self-Driving improvements, could enable the service to run continuously, even in areas with hotter weather that can cause expedited battery degradation.
Tesla’s Samsung Battery Deal
This development comes on the heels of Tesla’s $2 billion deal with Samsung SDI to supply energy storage system (ESS) batteries over the next three years. Previously, Tesla had signed a $4.3 billion deal with LG Energy Storage Solutions to supply LFP batteries for its energy storage systems. The company reported a 44% surge in its Energy storage business revenue in the last quarter, accounting for $3.4 billion in revenue, which is over 12% of the automaker’s total revenue for the quarter.
Conclusion
Tesla’s new battery patent has the potential to significantly improve the efficiency and safety of its battery storage devices. This innovation could play a crucial role in the expansion of the company’s Robotaxi service and further solidify its position in the energy storage market. As the demand for electric vehicles and clean energy solutions continues to grow, Tesla’s commitment to research and development will be essential in driving the company’s success.
Price Action
The stock price of Tesla surged 1.71% to $426.58 at market close.
Future Outlook
With its strong momentum and growth prospects, Tesla is well-positioned for long-term success. However, the company’s value proposition remains a concern. As the electric vehicle and clean energy markets continue to evolve, Tesla’s ability to innovate and adapt will be critical to its future success.