Dragonfly Energy announces results from Cost & Sustainability Assessment

Dragonfly Energy Holdings announced the results from a Cost & Sustainability Assessment conducted by Sphere Energy, a global battery testing and advisory firm. The assessment highlights significant cost and sustainability improvements made by Dragonfly Energy’s patented dry electrode battery manufacturing process when compared to the state-of-the-art (slurry cast) production process currently employed by conventional battery cell manufacturers. Results and findings presented within the assessment were based on specific data from Dragonfly Energy’s cell manufacturing pilot line located in Northern Nevada whilst covering a global supply chain. “The findings from the Sphere Energy Cost & Sustainability Assessment support expectations that our innovative dry electrode process results in significant energy and cost efficiencies while promoting environmental sustainability,” Dr. Denis Phares, Chief Executive Officer of Dragonfly Energy, said. “Through extensive research and development, we believe Dragonfly Energy is positioned to deliver a transformative cell manufacturing technology, which has the potential to fundamentally reshape the lithium-ion battery industry’s approach to viable energy storage solutions. We believe this focus on domestic innovation is paramount for the US to achieve self-sufficiency in battery production.”