Maxell Pushes Toward All-Solid-State Battery Innovation by 2027
Maxell, Ltd., once known for revolutionising battery technology and magnetic tape back in 1961, is now setting its sights on a new frontier in energy storage: all-solid-state batteries.
Through its ambitious “MEX26” medium-term management plan, Maxell is accelerating the development of this ground-breaking battery technology, aiming to commercialise medium-sized all-solid-state batteries by fiscal 2027. By pushing forward with innovations that promise increased battery life, safety, and environmental sustainability, Maxell is laying the groundwork for future-ready power solutions across industries.
Here’s an in-depth look at how Maxell plans to shape the future of energy storage and reinforce its position as a leader in cutting-edge technology.
From Dry Cells to Future Cells
Maxell’s journey is one of continuous innovation. Originally established to manufacture dry cell batteries and magnetic tapes, Maxell has grown to be a major player in the electronics sector, known for its unique, high-quality solutions. The name Maxell itself – derived from “Maximum Capacity Dry Cell” – underscores the brand’s mission to provide energy solutions that are efficient, reliable, and powerful.
Fast forward to today, and Maxell’s expertise has expanded far beyond dry cells. The company’s foundational Analog Core Technologies, including high-precision coating, fine mixing and dispersion, and exact molding processes, are now driving innovations in multiple fields. These proprietary technologies set Maxell apart, enabling the creation of all-solid-state batteries that promise improved safety, performance, and longevity compared to conventional lithium-ion alternatives.
A Glimpse into the MEX26 Strategy
Maxell’s MEX26 management plan is a bold, strategic framework focused on leveraging its Analog Core Technologies to accelerate growth. Targeting improved profitability and capital efficiency, MEX26 aims to drive sales growth through proactive investments in key business sectors like mobility, ICT/AI, and human infrastructure.
The cornerstone of this plan is the development of all-solid-state batteries, a game-changing solution expected to redefine energy storage across a range of applications.
The Next Generation of Batteries
With the global push towards sustainable energy solutions, all-solid-state batteries (ASSBs) are becoming an industry focal point. Unlike traditional lithium-ion batteries, which contain a liquid electrolyte, ASSBs replace this with a solid electrolyte, thereby reducing risks associated with leakage and flammability. Maxell, in particular, is leveraging this technology to deliver batteries that not only perform well in extreme environments but also come with a potential lifespan of up to 20 years.
In June 2023, Maxell achieved mass production of the world’s first small-sized sulfide-based ASSB. Building on this breakthrough, the company is now accelerating plans to bring medium-sized ASSBs to market by the end of 2027. This medium-sized format, designed for applications such as remote sensing, industrial monitoring, and automotive electronics, is anticipated to play a critical role in Maxell’s sustainability efforts, enabling long-lasting, stable energy solutions in various fields.
Targeting the Mobility, ICT/AI, and Infrastructure Sectors
Maxell’s MEX26 plan is strategically targeting three core areas to maximise the impact of its ASSB technology:
- Mobility: As electric vehicles and autonomous technologies advance, the demand for reliable, long-lasting, and safe batteries is growing. Maxell’s all-solid-state batteries, known for their resilience in high-temperature environments and extended lifespan, are well-suited for this market, providing stable power to support the electrification of vehicles.
- ICT/AI: In information and communications technology, all-solid-state batteries hold tremendous potential for AI-driven applications. Their reliability and longevity make them ideal for supporting critical AI-powered systems that need consistent power over extended periods, such as in data centres and robotics.
- Human/Social Infrastructure: From medical devices to smart city infrastructure, ASSBs offer a dependable energy solution for devices that must operate uninterrupted. In medical technology, for example, Maxell’s heat-resistant coin-type lithium batteries, another key product, are essential in devices that require stability and precision.
Broadening Global Partnerships
Maxell is reinforcing its international presence by strengthening relationships with customers in the Americas, Europe, and Asia.
To facilitate this growth, the company has bolstered its technical sales teams, aiming to forge lasting partnerships and deliver tailored solutions to meet the unique needs of its diverse customer base.
Environmental and Economic Benefits of All-Solid-State Batteries
At the heart of Maxell’s strategy is a commitment to sustainability. Traditional batteries, while widely used, come with environmental drawbacks, including hazardous materials and short life spans that contribute to electronic waste.
By contrast, Maxell’s all-solid-state batteries are designed to minimise environmental impact through extended lifespans and reduced risk of leaks, which reduces maintenance costs and the need for frequent replacements.
Economic Benefits:
- Reduced maintenance costs: With a lifespan of up to 20 years, ASSBs promise a significant reduction in maintenance and replacement costs, making them economically attractive for long-term applications.
- Lower energy loss: The solid electrolyte used in ASSBs reduces internal resistance, leading to greater energy efficiency, which is particularly advantageous in high-demand environments like industrial monitoring and automotive applications.
Environmental Benefits:
- Minimised e-waste: Extended battery life means fewer replacements, contributing to lower levels of electronic waste.
- Eco-friendly materials: Unlike conventional batteries, which rely on potentially harmful liquid electrolytes, ASSBs use more stable solid components, reducing the risk of hazardous spills.
Aiming for 30 Billion Yen by 2030
Maxell’s ambition doesn’t stop at technological innovation. The company has set a lofty target: by fiscal 2030, Maxell aims to achieve sales of around 30 billion yen from its all-solid-state battery business. To reach this goal, Maxell has outlined a series of planned investments in R&D and production capabilities, ensuring that it has the resources to meet market demand as it scales up production.
These investments are part of Maxell’s broader MEX26 strategy to enhance profitability and drive long-term growth. By accelerating the commercialisation of medium-sized ASSBs and advancing next-generation energy technologies, Maxell is positioning itself at the forefront of sustainable power solutions for a range of applications.
Forging Ahead as an Industry Leader
Maxell’s commitment to innovation, sustainability, and reliability is reflected in its ambitious MEX26 plan. With a solid roadmap to bring advanced all-solid-state batteries to market and a clear focus on growth sectors, Maxell is well on its way to becoming an indispensable player in the global energy landscape.
For stakeholders and customers alike, this dedication to pioneering new energy solutions solidifies Maxell’s reputation as an industry leader. As it heads towards 2027, the company is not only expanding its product offerings but also enhancing its influence in key markets, demonstrating the potential of all-solid-state batteries to power a more sustainable, interconnected future.
Powering the Future with Sustainable Innovation
With the momentum of MEX26 propelling it forward, Maxell is set to redefine energy solutions with its all-solid-state battery innovations. By 2027, the world could see a new era of battery technology take shape, with Maxell leading the charge.
Through strategic investments, a focus on sustainable development, and robust partnerships, Maxell is on track to not only meet its ambitious goals but also to set new standards for energy storage in a rapidly evolving world.
