Addionics is redesigning battery architecture, replacing the electrode’s traditional 2D layered structure with an integrated 3D structure.
The new price will be $4.5 per million British thermal units (mmBtu).
Israeli institutional investors Harel, Migdal and Meitav-Dash were among the investors in the Israeli hydrogen and ammonia fuel cell solutions company.
The company has completed building its HyDrop thermal energy storage system for producing electricity and a prototype will begin operating at Ashdod Port in the coming weeks.