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The world’s first commercial battery powered by lithium, one of the rarest metals in the world, is making its first public appearance in New York City this week.

The batteries, made by Electrolux, are the brainchild of CEO Joseph Fry and will be on display at the Electric Entertainment Expo (E3) in Los Angeles on Wednesday.

The company says the batteries are capable of up to 3,000 cycles per hour and are “the world’s most energy efficient lithium ion batteries”.

The batteries are based on an electrolyte and electrolyte chemistry that were invented by the British company Enercon, which has also created the lithium ion battery for the US military.

“The battery is the first time we’ve developed this kind of battery based on the same chemical structure,” said Mr Fry.

“We have been trying to figure out a way to combine the chemistry of the lithium ions with that of the electrolyte, which is why we’re using this process to produce the batteries.”

The company has patented the process, which the company says will be commercially available within three years.

“It’s like the beginning of the industrial revolution,” Mr Fry said.

“What we’re really trying to do is build on that and make it a commercially viable technology that will enable us to achieve the incredible battery energy of lithium batteries.”

Electrolux says it will be producing the batteries in China, where production has been boosted to 200 gigawatt-hours (GW) by 2020.

“If we do the math, this is equivalent to about 5 per cent of our current power generation capacity in China,” Mr Cook said.

The new battery is made from two electrodes made of copper and zinc alloy, which are then stacked to produce a stack that can store about 50 per cent more energy than traditional batteries.

Electrolux has also patented its process, saying it is able to achieve energy density of more than 6,000 Wh/kg and storage density of 400,000 MWh/kg.

“By using a different electrolyte to our existing electrolyte we can produce the electrodes with more energy and storage capacity than any other electrolyte currently commercially available,” Mr Burns said.

Mr Fry and his team will also be showing off the new batteries, including the technology for the next generation battery, the battery with a “glass electrode”.

Mr Fry described the new battery as “the next evolution in lithium ion” and said it would be commercially viable in five years.

He added: “The next generation of battery will be the most energy dense and best energy storage.”

The batteries were made in partnership with the US National Science Foundation (NSF), which is helping to fund the development of the new process.

The technology is similar to what is being used in the UK and Europe to produce battery cells for electric vehicles.

Mr Burns has previously spoken about how he wants to create “the energy of the next Tesla”, a battery that would have a capacity of 50 gigawatts.