Dragonfly Energy’s Domestic Battery Manufacturing Validated for Cost Effectiveness and Sustainability

Dragonfly Energy managers discuss battery data in the R&D lab.

• Results of a Cost & Sustainability Assessment, conducted by Sphere Energy, concludes Dragonfly Energy’s patented dry electrode battery manufacturing process is easily scalable, more cost-effective, and more sustainable than the state-of-the-art technology currently available in the market.
• The assessment of Dragonfly Energy’s patented battery manufacturing process highlights significant improvements compared to conventional manufacturing methods:
  
  
  • No toxic NMP solvent required
  • 22% smaller factory area requirements
  • 25% less energy intense production process
  • 9% reduced carbon footprint for total cell manufacturing
  • ~5% savings on process-related costs

• Dragonfly Energy’s battery manufacturing process is chemistry agnostic, enabling the Company to provide batteries across a variety of chemistries and provide cost-effective battery solutions for electric vehicles, consumer electronics, energy storage, and other markets.
  

RENO, Nev., April 10, 2024 (GLOBE NEWSWIRE) --  Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) (“Dragonfly Energy” or the “Company”), an industry leader in energy storage, announced today the results from a Cost & Sustainability Assessment conducted by Sphere Energy, a global battery testing and advisory firm. The assessment highlights significant cost and sustainability improvements made by Dragonfly Energy’s patented dry electrode battery manufacturing process when compared to the state-of-the-art (slurry cast) production process currently employed by conventional battery cell manufacturers. Results and findings presented within the assessment were based on specific data from Dragonfly Energy’s cell manufacturing pilot line located in Northern Nevada whilst covering a global supply chain.

The sustainability assessment concluded that the Company’s dry electrode battery manufacturing process resulted in a 9% reduced carbon footprint for cell manufacturing with no toxic NMP solvent required, resulting in a significantly more sustainable process. This sustainability advantage is further augmented by a 71% reduction in energy usage during electrode manufacturing, using the Company’s process (spray drying, coating, calendaring) compared to standard cell manufacturing operations (slurry casting, drying, calendaring). By removing the need for large and expensive drying ovens, Dragonfly Energy’s manufacturing process requires 22% less square footage. The culmination of these advantages results in a 25% reduction in emissions from energy use, making Dragonfly Energy’s manufacturing process more sustainable and much more environmentally friendly as compared to conventional manufacturing methods.