Connect with us

Hi, what are you looking for?

Caterpillar electric truck Sweden


Caterpillar Ventures Invests In Fisker’s Solid State Battery Tech

Caterpillar Venture Capital Inc has made a strategic investment into Fisker Inc as a bet on the company’s solid-state battery technology.

Caterpillar Venture Capital Inc has made a strategic investment into Fisker Inc as a bet on the company’s solid-state battery technology.

Caterpillar electric truck Sweden

Parent company Caterpillar Inc is the world’s leading manufacturer of construction and mining equipment, natural gas turbines, and various gas & diesel engines, and sees the capital injection as an investment in the next generation of battery technology with the potential to transform the powertrains of its vehicles.

Caterpillar has converted some of its massive diesel mining vehicles to electric propulsion, and while the instant torque of electric motors might be an improvement over the thirsty diesel motors that consume a mind-boggling 100 gallons of diesel per hour (!!), initial development has Caterpillar looking around the corner and behind the curtain for the next big thing in battery tech.

The ability to store up and dole out power has the potential to disrupt, transform, or revolutionize Caterpillar’s entire product lineup as it is currently the master of all things big and high power when it comes to diesel, gas, and natural gas combustion engines.

Its stationary storage backup units are the de facto standard for backup power generation for buildings, neighborhoods, data centers and more, and could easily be replaced by a block of Tesla Powerpacks or other grid-scale batteries. That’s a fact Caterpillar is all too aware of as it dives head first into Fisker’s solid state battery tech with a capital injection.

Solid state batteries represent the next generation of battery technology, which promises to come into the market to drastically lower the cost per kilowatt-hour of energy storage with a chemistry that eliminates the need for the unstable, flammable electrolyte used in lithium ion batteries.

Fisker claims that its internal chemical structure increases the available surface area for charging by 27x, allowing for a full charge of a 300 mile | 500 kilometer range pack in mere minutes. As if that weren’t enough, it also promises to increase energy density – or the amount of energy stored in a given mass and/or volume – while generating a fraction of the heat of conventional batteries.

Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

I'm a tech geek passionately in search of actionable ways to reduce the negative impact my life has on the planet, save money and reduce stress. Live intentionally, make conscious decisions, love more, act responsibly, play. The more you know, the less you need. As an activist investor, Kyle owns long term holdings in BYD, SolarEdge, and Tesla.


You May Also Like


Electric vehicles are here, and they are essential for decarbonizing transport. Making them lighter will lessen the particulate matter produced in their manufacture.


Progress in applied research at Argonne National Laboratory raises hopes that solid-state batteries will replace conventional lithium-ion batteries sooner rather than later.


Engineers create a high performance all-solid-state battery with a pure-silicon anode

Clean Transport

Caterpillar and BHP are partnering up to develop battery-powered mining trucks to support customers’ climate-related goals. BHP, which is one of Caterpillar’s largest customers,...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.