Dragonfly Continues Breakthroughs in Lithium-Ion Batteries

RENO, Nev. – Dragonfly Energy’s impressive growth curve is poised to continue in 2023 and beyond as the company continues to refine current manufacturing processes and cast an eye toward new product development, according to a report in the Reno Nevada Appeal.

The company founded by Chief Executive Officer Denis Phares in 2012 in a small warehouse off White Fir Street in northwest Reno has exploded over the past decade. Dragonfly Energy went public on its 10-year anniversary last October (Nasdaq: DFLI) and currently operates out of a 100,000-square-foot facility on Trademark Drive in South Meadows. It also has a 15,000-square-foot research and development center in Sparks.

The advent of a new cell manufacturing process, which will be done in-house to control cost and supply, could send Dragonfly Energy soaring to new heights, though.

“We are in the process of deploying a new manufacturing process that we invented, and we are able to apply this new process to make a type of cell that has a solid-state electrolyte, which makes it non-flammable,” Phares told NNBW last week during a tour and discussion of Dragonfly Energy’s South Meadows operations. “That makes it very unique. The new process affords us the ability to make a type of cell that nobody else can make and adds a whole new line of operation.

“If you go to any battery cell manufacturing facility, you will see gigantic vacuum dryers that are there to reclaim nasty solvents that are necessary for making lithium-ion cells,” Phares added. “The process we invented eliminates those nasty solvents. It is basically a powder-coating process to make lithium-ion cells, which means we could make a cell manufacturing facility at a fraction of the cost in a much smaller footprint. That’s significant, and it will revolutionize the energy storage business.”

See the complete Nevada Appeal article here.

Source: https://rvbusiness.com/dragonfly-continues-breakthroughs-in-lithium-ion-batteries/