6 New Battery Technologies to Watch Most battery-powered devices, from smartphones and tablets to electric vehicles and energy storage systems, rely on lithium-ion battery technology. Because lithium-ion batteries are able to store a significant amount of energy in such a small package, charge quickly and last long, they became the battery of choice for new devices.Get more news about https://www.rknewenergy.com Lithium Battery Pack,you can vist our website! But new battery technologies are being researched and developed to rival lithium-ion batteries in terms of efficiency, cost and sustainability. Many of these new battery technologies aren’t necessarily reinventing the wheel when it comes to powering devices or storing energy. They work much like lithium-ion batteries do, just with different materials. And while lithium-ion batteries have come a long way in the last few years, especially when it comes to extending the life of a smartphone on full charge or how far an electric car can travel on a single charge, they’re not without their problems. The biggest concerns — and major motivation for researchers and startups to focus on new battery technologies — are related to safety, specifically fire risk, and the sustainability of the materials used in the production of lithium-ion batteries, namely cobalt, nickel and magnesium. How Will They Be Used? In 2023, the automaker BMW announced that it would begin testing solid-state batteries developed by Solid Power, a solid-state battery company, for use in its electric vehicles. The battery BMW will test will have a sulfide electrolyte, according to Autoweek. There’s also a push to develop solid-state batteries that could be used to power smartphones. And they’re already being used in pacemakers and some smartwatches, according to PCMag. Pros and Cons of Solid-State Batteries Compared to lithium-ion batteries, solid-state batteries are more efficient, packing more power with the same size battery. As a result, EV batteries could become more compact, charge faster and weigh less, which could increase range. Solid-state batteries are believed to last longer — with up to seven times more recharges during their lifetime, according to CAR Magazine. They’re also believed to be safer, because the solid electrolyte material is fireproof, unlike lithium-ion batteries, which are known to pose a fire risk. Currently, the one drawback to solid-state batteries is how difficult it is to scale a technology in its early stage for widespread use, given testing and limited production capabilities. But solid-state batteries could be powering some EVs as early as 2024, according to CNBC.

Crypto exchange Binance pulls out of FTX acquisition The crypto exchange Binance has pulled out of a deal to acquire rival digital currency company FTX just 24 hours after it announced the tentative agreement, the company said in a statement Wednesday on Twitter. To get more news about https://www.wikibit.com/en/202304119054918870.html BINANCE, you can visit wikifx.com official website. The about-face is yet another major market disruptor in an increasingly volatile industry. The deal would have combined two of the world’s largest crypto platforms amid concerns about the financial viability of many companies whose digital assets have dropped significantly in value in recent months “As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged US agency investigations, we have decided that we will not pursue the potential acquisition ” Binance said. The reversal immediately puts the future of FTX, once one of the crypto industry's most popular and valuable companies, in doubt. CNBC reported that the company was privately valued earlier this year at $32 billion and may now be on the verge of insolvency. Neither FTX nor the Securities and Exchange Commission immediately responded to inquiries about the deal or the reported investigation. Earlier Wednesday, Binance CEO Changpeng Zhao told staff members in an internal letter that the acquisition had not been a part of Binance’s corporate strategy. Zhao also warned his employees that FTX’s downfall could have a contagion effect on the rest of the $1 trillion digital asset industry, increasing price volatility for cryptocurrencies and precipitating a regulatory crackdown on crypto firms. Talk of the acquisition began after a CoinDesk report pointed to evidence that FTX was likely to be experiencing a liquidity crunch. The story led to a bank-run-style rush of customer withdrawals from the exchange, prompting FTX to pause withdrawals. News of FTX’s insolvency has hit the platform and the wider crypto industry hard. Customers withdrew about $6 billion from FTX in the 72 hours before it paused withdrawals, Reuters reported, citing an internal staff memo from CEO Sam Bankman-Fried. Meanwhile, the price of Bitcoin has plunged by roughly 16%, to just under $16,000, in the past week since reports of FTX’s financial troubles surfaced. The CoinDesk Market Index, a broad-based index of the digital asset market, is down by about 12% from last week.