Solaris Energy Infrastructure Inc. (SEI) saw its stock soar 5.06% in Sunday trading, likely driven by promising developments in lithium metal battery technology that could significantly benefit the lithium and energy storage company.

According to industry analysts, lithium metal batteries hold the potential to dramatically increase the range of electric vehicles by offering much higher energy density than current lithium-ion batteries. This could be a game-changer for the EV industry and drive further adoption of sustainable energy storage solutions.

While lithium dendrite formation has been a significant obstacle in the commercialization of lithium metal batteries, researchers are making progress in addressing this challenge through various approaches, including solid-state electrolytes and optimizing charging conditions. If successful, lithium metal batteries could see widespread adoption, especially in the EV market, over the next decade.