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All news, insights and events

Basquevolt named in Business Worldwide’s 2022 list of Top 20 Most Innovative Companies to Watch out for

EIT InnoEnergy portfolio company Basquevolt has been named by Business Worldwide Magazine in its annual top 20 list of “Most innovative companies to watch out for.” The Spanish company aims to be the European leader in the next generation of solid-state lithium batteries.

The list is a celebration of the trailblazing organisations changing the game in their respective industries and altering the corporate landscape. Those included have a shared goal of developing revolutionary products and technologies that drive scalable business models and disrupt established industries and markets.

Renewable energy supported by energy storage in batteries

To accelerate the fight against climate change, as well as meeting the carbon neutrality targets defined by many countries, the use of electricity from renewable sources supported by energy storage in batteries is predicted to become the dominant solution. But there are still barriers which the market needs to overcome – the high cost and low energy density of the batteries.

Basquevolt’s CEO and energy expert, Francisco Carranza says

“Without a significant cost reduction, and an important increase in the energy density of batteries, industries like automotive, marine or aviation will struggle to cope with the demands of electrification despite regulatory framework heading in that direction. Only end consumers with high purchasing power will be able to afford sustainable products.”

Cost competitive and sustainable

Basquevolt develops cost competitive and sustainable solutions to power electric light and commercial vehicles, trains, airplanes, stationary storage. It also offers an extensive range of electronic devices and aims to revolutionise the way in which society interacts with energy on a daily basis.

Basquevolt’s new generation of solid polymer composite and semi-solid polymer electrolytes take lithium batteries beyond the state of the art in cost, safety, and energy density. Its revolutionary technology will lead to a more than 30% cost reduction and a 50% increase in the energy available to be stored in batteries.

Coupled with a highly efficient production process, Basquevolt’s batteries will need less raw materials, use less energy, and have a lower CO2 footprint per kWh in the production process.

For further information, visit the company website at