Press Release Archives

February 3, 2017

24M Selected as a 2017 Global Cleantech 100 Company

CAMBRIDGE, Mass. - February 3 2017 - The Cleantech Group (CTG) announced on January 23, 2017 that lithium-ion battery manufacturer 24M has been selected as a 2017 Global Cleantech 100 company. The list is a barometer of the global innovation community’s views on which companies are most likely to have significant commercial impact in the next 5-10 years. These companies represent the most promising ideas in the cleantech industry and are best positioned to solve society’s clean technology challenges. 24M was selected for its breakthrough semisolid lithium-ion platform, an innovation in battery design and manufacturing that produces a better battery at lower cost.

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October 12, 2016

24M Delivers Initial Quantity of Production-size Semisolid Lithium-ion Cells to NEC Energy Solutions for Testing and Validation

CAMBRIDGE, Mass. – October 12, 2016 – On schedule, 24M has successfully delivered an initial quantity of production-size battery cells to NEC Energy Solutions, Inc. (NEC ES), meeting the terms of the Memorandum of Understanding (MoU) the two companies signed last year at this time.

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September 15, 2016

Funding Will Be Used to Develop Ultra-High-Energy Density Batteries Using 24M’s Novel Semisolid Electrodes with New Lithium-metal Anodes

24M and Partners Awarded $3.5 Million from ARPA-E to Advance the Next Generation of Lithium-Ion Batteries

CAMBRIDGE, Mass. – September 15, 2016 – 24M today announced that the U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) has awarded $3.5 million in funding to a team that includes 24M, Sepion Technologies, Berkeley Lab, and Carnegie Mellon University. The funds will be used to develop novel membranes and lithium-metal anodes for the next generation of high-energy-density, low-cost batteries.

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June 27, 2016

24M Selected as a 2016 Technology Pioneer by World Economic Forum

CAMBRIDGE, Mass. & TIANJIN, People’s Republic of China – June 27, 2016 – The World Economic Forum today announced that 24M has been named a 2016 Technology Pioneer, a prestigious award honoring the world’s most innovative companies. 24M was selected for its breakthrough semisolid lithium-Ion technology, an innovation in lithium-ion battery design and manufacturing that produces a better battery at a lower cost.

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June 27, 2016

USABC Awards $7 Million Contract to 24M to Develop Lower Cost EV Batteries, Manufacturing Process

SOUTHFIELD, Mich. – June 27, 2016 – The United States Advanced Battery Consortium LLC (USABC), a collaborative organization of FCA US LLC, Ford Motor Company and General Motors, today announced the award of a $7 million contract to 24M Technologies Inc. in Cambridge, Massachusetts, to leverage its breakthrough cell design and manufacturing process to deliver lower cost, automotive lithium-ion batteries, demonstrating their potential for mass production.

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June 21, 2016

MIT Technology Review Reveals Annual 50 Smartest Companies List in Annual Business Issue

CAMBRIDGE, Mass., June 21, 2016 /PRNewswire-USNewswire/ -- Today, MIT Technology Review releases its 2016 list of 50 Smartest Companies (www.technologyreview.com/lists/companies). Over the last 12 months, in their fields, the honorees have taken risks to unsettle an existing marketplace or create a new market entirely.

Jason Pontin, publisher and editor in chief, states, "Each year we identify 50 companies that are smart in the way they create new opportunities. Some of this year's stars are large companies, like Amazon and Alphabet, that are using digital technologies to redefine industries. Others are wrestling with technological changes: companies like Microsoft, Bosch, Toyota, and Intel. Also on the list are ambitious startups like 23andMe, a pioneer in consumer-accessible DNA testing; 24M, a reinventor of battery technology; and Didi Chuxing, a four-year-old ride-hailing app that's beating Uber in the Chinese market. Still, despite the excitement of recent advances in such fields as artificial intelligence and genomic medicine, technology has failed to energize the overall economy."

The list is included in the annual business issue, which is available online now at www.technologyreview.com and on newsstands worldwide on July 5, 2016.

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April 4, 2016

24M Recognized as a Game Changer in Clean Energy Technology and Innovation

Bloomberg New Energy Finance Selects 24M as a 2016 New Energy Pioneer

NEW YORK & CAMBRIDGE, Mass. – April 4, 2016 – Bloomberg New Energy Finance today announced that 24M is one of ten companies selected as a 2016 New Energy Pioneer. Now in its seventh year, Bloomberg New Energy Finance’s New Energy Pioneer Award recognizes game-changing innovators revolutionizing the energy sector. 24M and the other 2016 winners will be recognized on stage at the ninth annual Bloomberg New Energy Finance 2016 Future of Energy Summit today in New York City.

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February 1, 2016

One Of Only Ten Companies Chosen for Its Potential to Transform the Energy Future

24M Selected as 2016 IHS CERAWeek Energy Innovation Pioneer

CAMBRIDGE, Mass. – February 1, 2016 – 24M has been named an Energy Innovation Pioneer by IHS, the leading source of insight, analytics and expertise in critical areas that shape today’s business landscape. Selected for its innovation in lithium-ion battery design and manufacturing, 24M will be featured at IHS CERAWeek taking place February 22-26 in Houston. 24M is one of just ten companies selected as an Energy Innovation Pioneer, which recognizes companies and entrepreneurs that are developing technologies and business plans that are transforming the energy future.

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October 13, 2015

24M and NEC Also Collaborating on Next-generation Energy Storage Systems Using 24M’s Cells

24M Signs Memorandum of Understanding to Supply Its Breakthrough Semisolid Lithium-Ion Cells to NEC Energy Solutions

CAMBRIDGE & WESTBOROUGH, MA – October 13, 2015 – 24M and NEC Energy Solutions, Inc. today announced the companies have signed a Memorandum of Understanding (MoU) whereby 24M has agreed to supply its semisolid lithium-ion cells for use in NEC Energy Solutions’ integrated storage systems. In addition, the companies will work together to ensure that supplied 24M cells enhance NEC system energy density, life and cost.

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June 22, 2015

Company Emerges from Stealth with $50M in Private Capital and a Revolutionary New Technology That Will Slash Today’s Lithium-Ion Battery Costs by 50%

24M Introduces the Semisolid Lithium-Ion Battery

Cambridge, MA – June 22, 2015 – Today, 24M emerged from stealth mode to introduce the semisolid lithium-ion cell, a revolutionary technology that solves the grand challenge of energy storage by enabling a new, cost-effective class of the lithium-ion battery. 24M’s semisolid lithium-ion is the most significant advancement in lithium-ion technology in more than two decades and combines an overhaul in battery cell design with a series of manufacturing innovations that, when fully implemented, will slash today’s lithium-ion costs by 50% and improve the performance of lithium-ion batteries. The technology will accelerate the global adoption of affordable energy storage.

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