Everything Gabe Elias said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Material's proprietary nanomaterial blend eliminates the need for current collectors
“So our secret sauce is really our specialized nanomaterial blend that we developed in-house over the last couple years, and what this allows us to do is create batteries without current collectors. That's how we can make these conformable shapes.”
Elias: Competitors won't produce collector-free conformal batteries for a decade
“It's something that's not seen in the industry right now. It is emerging, I would say, in academia, and you might see it from other players in the next decade, but we're first movers because we had so much experience prior to starting this company.”
Material is targeting early-stage gross margins of 25% to 30%
“Well, I guess it depends on the complexity, but, you know, I'm going to be targeting in the 25 to 30% margin, at least at the early stage.”
Material expects its battery manufacturing costs to reach $85–$90 per kWh
“We expect to be able to manufacture at somewhere around the 85 to 90 dollars per kilowatt hour.”
Elias: F1 engineering takes conventional automakers four times longer
“The things I was able to do in Formula One would take a conventional auto manufacturer, probably four or five times the amount of time and money for that matter.”
Elias: Chinese oversupply keeps battery prices at unsustainably low levels
“I really think the battery industry specifically is artificially constrained by the oversupply, obviously, that we know from China, and that keeps the prices at a lower level than what's probably sustainable.”
Material cuts nanomaterial manufacturing costs 100x to sub-dollar per gram
“We've actually developed a way to manufacture these nanomaterials at fractions of a dollar per gram, which is, I mean, a hundred X cost decrease over what we have in the lab.”
Elias: Energy demand is far outpacing improvements in battery capacity
“Energy demand because of the bets we're all making is far outpacing increases in battery capacity.”
Material's manufacturing platform creates conformal batteries of any size and shape
“Our manufacturing platform creates conformal batteries, any size, any shape, Offering tremendous gains in efficiency and energy density.”
Elias: Future manufacturing will consolidate sub-assemblies into single machines
“And actually that's way a lot of manufacturing is going to go in the future. We're not just going to be making individual parts and sub assembling them. We're going to be consolidating those processes into singular machines or maybe two or three machines that …”
Elias: Material's battery manufacturing platform is chemistry agnostic
“So we're chemistry agnostic, which is great.”
Elias: Customizing battery nanomaterials incurs negligible cost for Material
“But these are all customizable, and they really don't cost us as a company much of anything to make that change for each customer.”
Elias: True energy transition requires electric to feel identical to petroleum
“And that's a world where you're not even going to really know if you're in, let's say you know, a petroleum powered device or vehicle versus an electric powered vehicle. And that's when the energy transition happens.”
Material currently produces batteries at $390 per kWh with 20% margins
“We're still able to achieve a 20% margin on batteries at an all-in production cost of 390 dollars per kilowatt hour.”
Material is developing a conformal battery for consumer brand Nimble
“What's on the screen is a battery that we're developing for a company called Nimble.”
Mercedes F1 consolidated thousands of engine intercooler parts into single 3D prints
“And we spent two years working on this project to take a couple thousand parts and consolidate it into a single print.”
Material has built three multi-material 3D printers and printed 150 batteries
“We've created three multi-material, multi-modal, three-D printers. We've printed over a 150 batteries, and we've raised our energy density from initially pretty low levels and testing into now competitive rates.”
Elias: Almost every iPhone produced today features an L-shaped battery
“Almost every iPhone that's produced now has an L-shaped battery.”
Elias won seven F1 world championships as an engineer at Mercedes
“So when I started at Mercedes in 2014, I kind of reached the zenith. I was one of two Americans on the team. Living in England, and I won seven world championships in that process.”