The Coretec Group Inc. is a technology company specializing in silicon-based solutions for energy storage and materials science. Based in Ann Arbor, Michigan, the company develops advanced silicon anode materials for lithium-ion batteries, with applications in electric vehicles (EVs) and renewable energy systems. Their primary focus lies in creating efficient, high-performance battery components through their proprietary Cyclohexasilane (CHS) technology and Endurion battery program.
The company’s expertise extends across multiple sectors, including semiconductor manufacturing, energy storage solutions, and advanced visualization technologies. Through strategic acquisitions and partnerships, The Coretec Group has established itself as a significant contributor to the advancement of battery technology and sustainable energy solutions.
Battery Technology
The Coretec Group’s main technological advancement centers on their Endurion battery program, which focuses on developing silicon anodes for lithium-ion batteries. These silicon-based anodes offer substantial improvements over traditional graphite anodes, including increased energy density, faster charging capabilities, and extended battery life cycles.
The company’s proprietary CHS technology serves as a foundation for their battery innovations. CHS provides six times more silicon atoms per molecule compared to conventional precursors, enabling improved yield and performance in battery manufacturing processes. This technology allows for the creation of silicon nanoparticles that can be effectively integrated into battery anodes, addressing common challenges such as volume expansion during charging cycles.
Their battery development approach includes extensive research into silicon particle engineering, electrode design, and integration methods. The resulting technology aims to meet the demanding requirements of electric vehicle applications while providing solutions for stationary energy storage systems. The company’s manufacturing processes are designed to be scalable, supporting the increasing demand for advanced battery materials.
Recent Projects
In December 2024, The Coretec Group acquired a controlling stake in KIB Plug Energy Co., Ltd., a South Korean company operating across 53 countries. This acquisition, valued at over $70 million in annual revenue, significantly expands their global presence and technological capabilities.
The company has also initiated plans to establish a giga-scale battery manufacturing facility in the United States, demonstrating their commitment to domestic production and technological advancement in the energy storage sector.
Investors
The Coretec Group maintains a diverse investment structure, including institutional ownership with SEC filings. Notable shareholders include Mr. Keen, who has been involved with the company since 2007 and served as CEO from 2013 to 2016. In December 2024, the company secured additional funding through a private placement of Series D Convertible Preferred Stock, which supported their acquisition of KIB Plug Energy.
Business Details
Location: Ann Arbor, Michigan, USA
Website: https://thecoretecgroup.com
LinkedIn: https://www.linkedin.com/company/24789881
