
Startups & growth Analysis
Fermi Energy develops cathode materials for battery makers facing costly ingredients
Fermi Energy is developing battery cathode materials for established chemistries and a second formulation based on abundant elements.

Zhengrui (Ray) Xu is co-founder and CEO of Fermi Energy. Activate says he earned a chemistry Ph.D. from Virginia Tech in 2021 and co-founded the company in 2022 to commercialize his battery-cathode research.
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