Japanese startup Power Japan Plus (PJP) revealed Tuesday its Ryden, or Dual Carbon, battery, which is designed to be a safer, long-lasting and cheaper alternative to regular lithium ion batteries.
The battery uses carbon anode and cathode, which allows the battery to charge 20 times faster than current lithium ion batteries, according to CNET.
PJP added that the Ryden battery doesn't go through any thermal change while charging. As a result, electric cars that use it would not need a battery cooling system for thermal overrun.
Because a carbon battery does not include lithium oxide, which can lead to battery fires, it is said to be a safer choice than a lithium battery. The new battery also costs less because it only uses carbon as its main material, Gigaom reported.
Carbon batteries also don't degrade as fast as lithium batteries over time. Lithium batteries could have about 500 cycles of charging and discharging, while carbon batteries could have 3,000 cycles.
While the Ryden battery holds the same energy density of today's lithium batteries to prevent an extended vehicle range, its ability to charge quicker can result in shorter stops at recharging stations. The battery can be charged from empty to full in 12 minutes, CNET reported.
In order to preserve battery life, power electronics in current electric cars do not provide the chance for batteries to fully charge or discharge. The company said that vehicle makers might be able to use electricity in the new battery more often because the battery can completely discharge without being damaged.
PJP was founded in 2013. The company is looking to raise funding to begin early production later this year, Gigaom reported.
PJP is looking to release the batteries for companies that are extremely focuses on safety first. These companies include those that build medical devices and satellites. The company has plans to sell the batteries for electric cars in the future.