Innovative Economic & Environmental Solutions
TexPower is a startup company spun out of the University of Texas at Austin in early 2019, continuing the disruptive innovations led by Profs. John B. Goodenough and Arumugam Manthiram on lithium-ion batteries. We aim to deploy our novel cobalt-free, high-energy, drop-in cathode materials in lithium-based batteries used across the U.S. and beyond. Our cathodes can replace commercial battery cathodes “Powder for Powder”, and thus are extremely flexible for any battery form factor and are applicable wherever portable power is required.
Cobalt : limited Supply, increasing Demand
State-of-the-art high-energy battery cathodes use significant amounts of cobalt, a vital component only found a few places on Earth. Cobalt concentration in the DR Congo results in a centralized supply chain that facilitates monopolization. Additionally, significant social and environmental costs have supported this vulnerable supply chain that may not sustain the soaring demand from the massive electric vehicle market in the coming decade.