Novi, Michigan, Aug. 15, 2023 (GLOBE NEWSWIRE) — Our Next Energy Inc. (ONE), a Michigan-based energy storage technology company, today announced its Aries II lithium iron phosphate (LFP) battery pack has closed the gap in range and mass to within six percent of the leading benchmark nickel cobalt manganese (NCM) pack used in electric passenger vehicles.      
    
“LFP batteries have many advantages over NCM batteries, including cost and durability, while using safer and more abundant materials,” said Mujeeb Ijaz, CEO & founder of ONE. “The key shortfall has been range and energy density. By engineering a battery pack with similar energy density to NCM, ONE has made LFP a sustainable alternative.”Our Next Energy Inc. (ONE) is a Michigan-based energy storage technology company focused on engineering batteries that will accelerate electrification. ONE’s vision is to: double the range of electric vehicles; use safer, more sustainable raw materials; and establish a localized supply chain. Visit one.ai to learn more.
(GlobeNewsWire)