When you invest a few billion, you appreciate knowing where your money is going. Is this start-up which wants to raise funds to develop the battery of the future a hen laying the golden eggs which will revolutionize the genre or a completely empty shell? Difficult to know, if not impossible, according to the Bloomberg agency which informs and advises the business planet. A rather opaque vagueness seems to reign over this universe, at the heart of our future cars.
This vagueness is not so much due to the many start-ups, or old companies, which in Europe or the United States, from Form Energy to Transition Energy, have embarked on the race to create the battery of tomorrow, less demanding in metals and rare earths than the current ones, more autonomous and lighter. Rather, it is linked to the total absence of legislation in this area, and of common evaluation criteria. Not the slightest standard governs this brand new eldorado, and no independent organization is today capable of evaluating the prototype of such and such a lab in search of an investor.
No official body is able to verify the validity of the data
It is necessary to wait for the battery to be installed in the floor of a car for the standards policeman to take care of it and measure its autonomy in WLTP mode. Before this stage, each start-up does its own tests, publishes its own results and remains completely free to tell a pure novel or the strict truth. This has the effect of making investors wary. We would be less.
According to Bloomberg, the situation is serious enough that some of these battery creators looking for funds are themselves calling for the creation of an independent measurement body so that serious projects can be financed and see the light of day. A few protocol attempts are underway and, in the United States, the US Department of Energy is working on the issue.
While waiting for the battery police to emerge, investors, whether pure financiers or automotive manufacturers, are chomping at the bit and waiting for better days and reliable measures to invest in the future battery that will equip their future cars. Except that while waiting for everything to be in place, time is passing and the deadline for the mandatory electric car is approaching. It would be unfortunate if the batteries of 2035 were still so polluting, and that they did not have more autonomy than in 2022.