Guilt-free storage

Swedish tech company Echandia is a world-leading supplier of the most advanced technology for zero-emission energy storage fuel cells, with a state-of-the-art LTO (lithium-titanate-oxide) battery system for maritime, rail, and wind power. Echandia aims to reduce global CO2 emissions by 0.01% annually by 2030. This is equivalent to the CO2 emissions from the consumption of 1.6 billion liters of oil. They’ll do this by offering the safest, most durable battery with a high C-rated capacity (supercharged) and incredible integration possibilities.

Category

Conventional solutions include lithiumion (li-ion) and lithium polymer (li-po)batteries.

Subcategory

Echandia’s batteries, on the other hand, contain less lithium than these other options and have an expected lifespan of

10+ years. Even though they require CO2 to produce, they make up for it after one year of use, providing customers with 9+ years of guilt-free battery storage.

Being the sole global supplier whose LTO battery chemistry has been approved by the DNV (certification society), Echandia ensures that there are no other competitors in their subcategory.

Today, Echandia’s batteries are used by in-harbor passenger ships, and soon they will apply a similar patented technology to larger vessels.

Customers include Volvo, ABB, SIE-MENS, Danfoss and Wärtsillä. Echandia also won three contracts to supply Damen Shipyard with repeat orders.

Because Echandia’s E-LTO battery was the only battery that could fulfill certain requirements, they signed a contract for the first 23 ferries in what will be the world’s largest fleet of electric ferries.

Facts

Founded in: 2009
Founded by: Magnus Eriksson (CEO)
Headquarters: Stockholm,Sweden
Employees 2020/2021: 12/16
Listed on a Stock Exchange Revenue 2019:  20 MSEK

Visit the website of Echandia at: https://echandia.se/