POSCO Holdings cooperates with Prologium to lead solid-state battery market

Rhea-AI Summary

POSCO Holdings has announced a collaboration with Prologium to co-develop materials for solid-state batteries, aiming to enhance its portfolio in next-generation secondary battery technologies.

The partnership, formalized on May 12, 2022, includes investments in Prologium and the development of key components such as cathode materials and solid electrolytes. This move positions POSCO to improve its capabilities in high-capacity battery materials and solid-state technology, reinforcing its competitiveness in the evolving energy sector.

Positive

• Collaboration with Prologium strengthens POSCO's portfolio in next-generation battery technologies.
• Investment in Prologium aids in co-developing innovative battery materials.

Negative

• None.

- Co-developing anode materials, silicon cathode materials, and solid electrolytes for solid-state batteries and establishing a global supply system

- Strengthening the competitiveness of next-generation secondary battery materials and expanding business portfolio through cooperation with Prologium

SEOUL, South Korea, May 13, 2022 /PRNewswire/ -- POSCO Holdings has decided to cooperate with Prologium solid-state battery manufacture, to develop core materials for next-generation secondary batteries.

POSCO Holdings signed an agreement on the 12th to invest in Prologium and to co-develop cathode materials, silicon cathode materials, solid electrolytes for solid-state batteries, and establish a global supply system.

Founded in 2006, Prologium developed solid-state batteries in 2012 and is selling them to manufacturers of small IT devices such as smartwatches. The company is also attracting investment from global investment companies and co-developing solid-state batteries for electric vehicles with major automakers such as Mercedes-Benz Group AG.

Whereas in conventional secondary batteries, electricity is generated and charged through liquid electrolytes between the anode and cathode electrodes of the battery, a "solid-state battery" is a next-generation battery that replaces the liquid electrolytes between the battery's anode and cathode with a solid and eliminates a separator, which can secure safety and increase energy density.

POSCO Holdings is securing its capabilities to develop materials such as high-capacity anode materials and silicon anode materials that can be applied to solid-state batteries and has strengthened its capabilities to develop next-generation secondary battery materials by establishing POSCO JK SOLID SOLUTION at the beginning of this year.

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SOURCE POSCO Holdings

FAQ

What is the purpose of POSCO's cooperation with Prologium?

POSCO's cooperation with Prologium aims to develop core materials for solid-state batteries and enhance its competitiveness in the battery market.

When was the agreement between POSCO and Prologium signed?

The agreement was signed on May 12, 2022.

What materials is POSCO developing with Prologium?

POSCO is developing anode materials, silicon cathode materials, and solid electrolytes for solid-state batteries.

What type of batteries is POSCO focusing on with Prologium?

POSCO is focusing on next-generation solid-state batteries, which replace liquid electrolytes with solid materials.