Sidhu Labs Competitive Analysis
Sidhu Laboratories continues to make progress in its high-performance solid polymer electrolyte (SPE) development, while the growing interest for solid-state battery technology is advancing the development of the SSB market, which brings together ambitious competitors.
Solid Power, Inc.
- Based in Louisville, Colorado, Solid Power is a solid-state battery (SSB) startup. Like many other competitors, the company is focused on supplying the electric vehicle (EV) market, a rapidly growing industry. Solid Power has partnerships with automakers, including BMW Group and Ford Motor Company, and is making moves to separate itself from other players. In August 2019, the company had reached its next phase of SSBs commercialization plan through an in-house production facility and prepared to sell its batteries not only to EV companies, but also in the pharmaceutical, defense, and oil & gas sectors.
- Solid Power has a working prototype of an all-solid-state, rechargeable, lithium-metal battery (ASSB). This type of battery eliminates the use of liquid electrolytes and separators, which tend to be the most flammable elements of today's lithium-ion batteries.
- Solid Power is considered a direct competitor to Sidhu Labs because both companies are actively researching and developing solid-state batteries for the EV market. Solid Power and Sidhu Labs operate and target the North American industries likewise.
Excellatron Solid State, LLC
- Excellatron Solid State, LLC, is a US-based technology company that is actively researching and developing revolutionary energy storage technology. The company is also manufacturing technology required for its cost-effective commercialization. Considered to be one of the key players in the SSB market, Excellatron's batteries characteristics include safety, high-temperature capability, long cycle life, and high rate capability.
- In the past six years, Excellatron has been engaged in the development of production technology for TFB (thin film batteries). The thin film batteries developed by Excellatron have a long shelf life, an extensive cycle life, and are available on both ceramic and flexible polymer substrates. Potential markets for TFBs include smart cards, active Radio-frequency Identification (RF-ID) tags, and printed circuit boards.
- Another technology developed by Excellatron is Lithium/Air (Li/Air) batteries. Recently, the company has fruitfully demonstrated the viability of a rechargeable Li/Air battery. Moreover, Li/Air demonstration samples have been successfully delivered to customers.
- Sidhu Labs and Excellatron are key players in the SSB market and direct competitors, with the two companies involved in researching and developing SSBs.
ToCAD America, Inc.
- ToCAD is a batteries manufacturer based in New Jersey. Since its founding, ToCAD has been actively researching and developing the ever-expanding electronics field, providing components such as rechargeable batteries. The company's annual revenues are $10 - $50 million.
- The company provides service, support, and parts for several product lines, including tripods, filters, and digital imaging accessories, eneloop batteries and chargers, LensPen lens cleaners, and Panasonic alkaline and photo lithium batteries. ToCAD is currently manufacturing over 3 million battery packs per month for its customers. Still, the company centers its efforts on providing mobile power innovations and focusing on EV battery niche. The company has been a proven leader in the development of portable power products for a wide range of industries, including laptop batteries, cell phone batteries, or professional photo and video batteries.
- Both Sidhu Labs and ToCAD are based in New Jersey and focused on battery manufacturing for portable electronics like smartphones, laptops, or tablets.
- Invenergy, LLC is North America's largest renewable energy provider and develops, sets up, owns, and operates energy generation projects. The company operates in several industries, including Energy, Energy Efficiency, Finance, and Renewable Energy. Invenergy claims it solves the energy challenges facing its customers by foreseeing that clean power and renewable energy sources are the future. The company's annual revenues are over $500 million.
- The company has more than 100 projects in development or operation across the U.S., Canada, Europe, Japan, and Latin America, and it is focused on innovative design and next-generation technology to create a new paradigm for energy production. A leading global developer and operator of sustainable energy solutions, Invenergy was managing over 10,000 megawatts of wind, solar, natural gas, and battery storage facilities, including 2,800 megawatts owned by third-parties.
- Sidhu Labs and Invenergy are both actively researching and developing an ideal energy-to-cost ratio by utilization of low-cost materials. Furthermore, the two players are leading advancements in critical technical areas to overcome the hurdles facing next-gen energy storage solutions.
- Founded in 2000 and based in Minnesota, Cymbet Corporation is a clean technology company that claims to be the leader in solid-state energy storage solutions for microelectronic systems. Cymbet's annual revenues are $1M - $10M.
- The company's product, the EnerChip™ rechargeable battery, is a unique silicon-based solid-state device that works like a battery, lasts the life of the product, is small, thin, reflow tolerant for automated assembly. The eco-friendly device provides engineers with an array of new embedded power capabilities. Cymbet has two manufacturing sites for EnerChips – Minneapolis, Minnesota, and Lubbock, Texas.
- Both Sidhu Labs and Cymbet Corporation are focused on solid-state energy storage solutions, which makes them direct competitors. Furthermore, the two players have similar geographic reach.