Voya Energy CEO Richard Wang explains the operational capabilities of their aluminum metal fuel cells compared to static batteries on Catalyst with Shayle Kann.
Assertion Open · timeframe Aug 2029
Wang: Voya achieves direct fully delivered cost parity with diesel
“With U.S. Scrap, you're already at diesel parity when it comes to fuel costs. Which is a critical thing for us. We're not commanding a green premium or any other sort of premium. Direct cost parity with diesel for fully delivered cost, including all the proces…”
Assertion Supported
Wang: Electrochemical aluminum conversion outperforms combustion efficiency without NOx emissions
“You can really design electrochemical systems that are incredibly cost-effective and capable, and ultimately able to convert that energy from its raw thermodynamic form in aluminum out to electricity with far higher efficiency than combustion, without any of t…”
Assertion Supported
Wang: Aluminum fuel is twice as energy-dense by volume as diesel
“In fact, is from a volume basis, about twice as energy dense as diesel on an as-converted basis. So come at the amount of electricity you're getting out per, you know, liter per gallon of fuel. And then even on a weight basis, you are a little bit better than …”
Assertion Supported
Wang: Voya achieves 100 MW per acre, quadrupling diesel density
“Per in terms of megawatts per acre, the power density, how much power you can pack in per acre, we are approximately a hundred megawatts per acre in our high density configuration, which is about four times higher than a diesel generator installation”
Assertion Open · timeframe Aug 2029
Wang: Voya cuts front-line fuel shipping volume by roughly 70%
“And then in terms of fuel logistics, especially for the military use cases where they're using the fuel so inefficiently, we have a substantial energy density benefit, about 20 to 30% Less mass and about 70% less volume shipped to the front lines for a typical…”
Assertion Not checkable as stated
Wang: Impurities in low-grade aluminum scrap improve Voya's electrolyte stability
“We just had a nice breakthrough a couple days ago, I don't think you've heard about this yet, where some of the common impurities found in the lowest grades of scrap actually have a significant beneficial impact on the stability of our electrolyte.”