Dragonfly Energy Holdings Corp.

Dragonfly Energy Holdings Corp. is a comprehensive lithium battery technology company headquartered in Reno, Nevada. The company specializes in the design, assembly, and sale of lithium-ion batteries, primarily lithium iron phosphate (LFP) batteries. Its mission is to empower a sustainable, resilient, and responsible future by providing cutting-edge, eco-friendly power solutions, with an overarching goal to deploy proprietary, nonflammable, all-solid-state battery cells.

Dragonfly Energy offers deep cycle lithium-ion batteries and complete lithium power systems, including solar panels, chargers, inverters, and battery management systems. The company markets its products under the Battle Born Batteries brand for direct-to-consumer sales and the Dragonfly Energy brand for original equipment manufacturers (OEMs). Its solutions cater to diverse market segments such as recreational vehicles (RVs), marine vessels, industrial applications, solar and off-grid residential systems, and heavy-duty trucking.

Led by CEO Dr. Denis Phares, Dragonfly Energy is positioned as a frontrunner in the lithium battery industry, particularly in domestic lithium battery cell production. The company utilizes a patented dry electrode manufacturing process, which is central to its development of chemistry-agnostic power solutions and future all-solid-state battery technology. Recent notable developments include receiving a Japanese patent allowance for solid-state battery technology in April 2026, securing a multi-million dollar order from Stevens Transport for trucking applications, and winning dual honors at the 2026 SEAL Business Sustainability Awards. The company also reported preliminary Q4 and full-year 2025 results in March 2026 and is scheduled to release its Q1 2026 financial results on May 14, 2026.

Latest updates

Dragonfly Energy Secures Japanese Patent for Solid-State Battery Tech

Event summary

  • Dragonfly Energy has received a patent allowance from the Japan Patent Office for its application titled 'Powderized Solid-State Electrolyte and Electroactive Materials'.
  • The patent covers innovations in powderized solid-state electrolyte and electroactive materials, key components of Dragonfly Energy’s solid-state battery development.
  • This marks Dragonfly Energy’s first patent application allowance in Japan.
  • Dr. Denis Phares, CEO of Dragonfly Energy, stated the allowance strengthens the company’s intellectual property portfolio.

The big picture

Securing patent protection in Japan is a strategic move for Dragonfly Energy, reflecting the country's importance in advanced battery research and manufacturing. This allowance underscores the company’s commitment to solid-state battery technology, a sector attracting significant investment and poised for growth as demand for electric vehicles and energy storage solutions increases. However, the allowance itself doesn't guarantee commercial success; scaling production and achieving cost parity with existing lithium-ion batteries remain substantial hurdles.

What we're watching

Market Access
The allowance in Japan signals Dragonfly Energy’s intent to penetrate a key market for advanced battery technology, but the speed of commercialization will depend on navigating Japanese regulatory approvals and establishing local partnerships.
Competitive Landscape
The patent’s scope and enforceability will be critical; competitors may challenge the allowance or develop alternative technologies to circumvent the intellectual property protection.
Scaling Challenges
While the patent covers scalable manufacturing processes, the company’s ability to translate these innovations into high-volume, cost-effective production remains a significant execution risk.
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