UK-based battery technology pioneer EQONIC Group has announced a major technological breakthrough that could redefine the global energy storage landscape. The company has developed a lithium-free, sodium-free, and rare-earth-free battery system that promises to reduce material costs by up to 70%, making energy storage safer, more affordable, and sustainable.
With material costs accounting for nearly 60% of total battery production expenses, EQONIC’s new system achieves material costs at just 30% of conventional lithium metal batteries, targeting a manufactured cost of £50/kWh — about half the current industry average. The technology’s unique composite design eliminates thermal runaway risk, addressing one of the leading causes of fires in conventional lithium-based batteries.
The breakthrough technology uses only abundant, responsibly sourced materials, ensuring stability in the supply chain while avoiding the environmental and geopolitical challenges associated with critical minerals. EQONIC’s accelerated development roadmap projects its technology will surpass sodium battery performance by 2026, outperform LFP by 2027, and match NMC levels by 2029, all while being fully recyclable to support a circular economy.
“Our goal was to remove the compromises that have long held back the energy storage industry,” said Jas Kandola, Founder and CEO of EQONIC Group.
We’ve eliminated the trade-off between cost, safety, and sustainability. This technology costs 70% less than lithium batteries while being completely safe and environmentally responsible.
Rather than investing in costly gigafactories, EQONIC plans to license its technology and collaborate with established global manufacturers to scale deployment. This partnership-led model reduces capital risks while accelerating commercialization across industrial, commercial, and residential applications.
EQONIC’s Strategic Advisory Board includes industry veterans such as Craig Wilson, former executive at Williams Advanced Engineering, and Stuart Dyble, former Vice President of Worldwide Communications at Ford and board member at Aston Martin, Jaguar Land Rover, and Volvo.
In parallel with its innovation efforts, EQONIC has also launched a commercial division offering a full range of LFP-based energy storage systems for B2B and D2B clients, including hybrid inverters, cabinet batteries, and large-scale containerized systems.
With its dual focus on next-generation battery innovation and commercial deployment, EQONIC is positioning itself as a key enabler of affordable, safe, and sustainable energy storage — a crucial step toward a Net Zero future.
