Exxon says it has invented a new graphite that can enhance EV batteries

Exxonmobil, the country’s largest oil and gas company in the country, says it has developed a more advanced form of graphite that can help extend the life of the electric vehicle batteries (EV).

CEO Darren Woods described technology as “changing a revolutionary step in battery performance” at the University of Texas at Austin’s Energy Symposium on Friday. He said he was already tested by many EV manufacturers, Bloomberg reports.

This new artificial graphite is used on the battery Anode, the downside that spoils the electrons. It can allow EVS to charge faster and travel faster for one charge.

“We have invented a new carbon molecule that extends the battery life by 30 %,” Woods said at the symposium.

It seems somewhat paradoxically that Exxon, who has been criticized for a long time to contribute to climate change and He faces many state lawsuits Because the audience is misleading about the risk of fossil fuels, it is now moving to EV Tech. But it is not completely surprising. The company has a long history of searching for and enhancing fossil fuel alternatives. For example, the lithium ion battery was already invented in the early 1970s.

“We do not do wind and solar energy, we have no problems with wind and solar energy, but we have no ability in this space,” Woods said to those present at the symposium. “But we have the ability to convert molecules, and there are enormous opportunities in this space to use hydrogen and carbon molecules to meet the increasing demand.”

But the company usually follows such projects only if it is logical for the bottom line. In August, Exxon said it maybe Delay the hydrogen and low -carbon hydrogen project Because of the limited customer interest.

On the contrary, Exxon is betting that EV batteries can be a long -term investment. US sales may have decreased recently, but Exxon expects the demand to rise over time.

“As in any market, there are fluctuations in the short term,” said Dave Andrew, Vice President of Exxon to develop the new market, said. New York Times. “But we mainly see the demand for batteries, electric cars, and energy storage solutions increasingly long in the long run.”

Most of the materials used in batteries today come from China. Graphite production of batteries in the United States can provide political and financial advantages for Exxon, especially under the Trump era tariff.

Exxon announced this week that it has obtained many productive assets and technology from Graphite Superior Superior. Exxon aims to expand the manufacturing scope, while targeting commercial production for 2029.

“Artificial graphite can play an important role in energy transmission. It is a major element in electric cars and battery power storage solutions,” said Exxon in A. press release. “We expect the demand for high -performance batteries to continue to grow, thus increasing the demand for higher performance graphite materials.”