200

Patents

issued or pending

15

Minutes

the time it will take for QS’s batteries to charge

10

Years

of R&D in solid-state lithium-metal batteries


The Path to Drawdown: Energy Storage

On the path to electrify everything, the world needs more renewable sources of energy. But what’s also needed are energy storage systems and batteries. Because the two dominant sources of renewable energy - solar and wind - are intermittent (they only generate electricity when the sun is shining or the wind is blowing), their supply often don’t match their demand. 

The conventional way of supplying power when the demand for electricity peaks is for utility companies to fire up “peaker” plants. But most peakers run on natural gas and are highly polluting.

A wider adoption of utility-scale and distributed energy storage systems and batteries is the solution. Utility-scale energy storage is the use of technologies and practices to store energy on a large scale, often managed by utility, industrial and power companies. Distributed storage systems are smaller in scale and use standalone batteries and electric vehicles (EVs) to store energy. Distributed systems are usually managed at the level of residential and commercial buildings.

Neither of these solutions directly help reduce greenhouse gas emissions, but they both facilitate the development of more renewable energy sources and ultimately smooth the transition in the energy system. 

While Project Drawdown doesn’t model the growth of energy storage so as to avoid double-counting with renewable energy solutions, it’s clear that their production and adoption need to accelerate, and their cost needs to fall around the world will accelerate the shift to a zero-emission grid.

About

QuantumScape Corporation (stock ticker: QS), a development stage company, engages in the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. The company was founded in 2010 and is headquartered in San Jose, California.

QS's Role in Drawdown

Conventional lithium-ion batteries are composed of cells that are filled with a liquid that serves as the electrolyte, which is the medium through which lithium-ions travel through three main layers in the cell. 

QuantumScape is developing a solid-state lithium-metal batteries that improves on these conventional EV batteries. Solid-state batteries are composed of a single cell and a solid ceramic layer. They’re smaller than conventional lithium-ion batteries, allowing for higher energy density and faster charge (15 minutes). These benefits directly translate to greater range and shorter charging times for EVs.

QuantumScape has developed a partnership with Volkswagen (p. 2), who has invested a total of more than $300 million in QuantumScape to help with an industrial level of production of their solid-state batteries. Volkswagen is also committed to purchase a portion of the manufactured batteries.

QS: What We Like

We’ll update this section once QuantumScape makes sustainability information available.

QS: What We Want to See Improve

Scale Production


We’re enthusiastic about QS’s next generation battery that promises to make EVs more attractive to consumers. We’re also excited about their partnership with Volkswagen and eagerly wait for the production of their solid-state batteries to be scaled up.

Establish Circular Economy Processes


In the journey to electrifying everything, we need more batteries. But having more batteries in the world means that more companies need to have processes in place for recycling and reusing those batteries once they reach the end of their life. We urge QuantumScape to become a circular economy company by establishing those processes.

Disclose Sustainability Metrics


As QuantumScape grows, we want to see them enhance their transparency around sustainability. In particular, we’d like to know the GHG emissions, the sources of energy consumed, and the amount and type of waste generated from the production of their batteries. These metrics should be included in an annual sustainability report and made easily accessible to stakeholders.

Other Battery Stocks in the Climate Index

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