In Short : The National Renewable Energy Laboratory (NREL) projects that lithium-ion battery prices could fall to $108 per kWh by 2050. Advancements in technology, economies of scale, and improved manufacturing processes are expected to drive this decline. Lower battery costs will make energy storage more affordable, accelerate electric vehicle adoption, and support the global […]
In Short : Geon has entered the power backup segment with the launch of advanced lithium-ion inverter batteries. Designed for both residential and commercial use, these batteries offer faster charging, longer life, and greater energy efficiency compared to traditional lead-acid models. The move marks Geon’s expansion into clean energy solutions, aiming to meet growing demand […]
Iron-air batteries are an innovative, exciting development in high-performance energy storage. This article will look at what this technology means for the battery industry and modern society, and the technological solutions provided by Form Energy. Lithium-Ion Batteries: A Green Technology Not Without its Limitations The impact of modern industrialized society on the environment has become […]
Wide application includes vehicles, industrial equipment and energy storage systems. TOKYO : Toshiba Corporation (TOKYO: 6502), a company dedicated to advancing carbon neutrality through its technologies, products and services, today expanded its SCiB™ product offering with the launch of an innovative 20Ah-HP lithium-ion rechargeable battery cell that delivers high energy and high power at the […]
New Delhi : Continuing with its agenda to deliver innovative and breakthrough products in the renewable energy space, Loom Solar, an emerging SolarTech start-up under the Government of India’s Start-Up India initiative and one of the leading companies in the mono panel category, today announced its plans to foray into the USD 2Bn Indian Lithium-Ion […]
The investment, part of a $2.75 billion funding round launched by the maker of lithium-ion batteries, will keep Volkswagen’s stake stable at around 20% and follows an initial 900 million euro investment in 2019. Volkswagen said on Wednesday it was investing a further $620 million in Swedish battery maker Northvolt, in a bid to secure […]
While much attention is paid to the need to recycle electric vehicle (EV) batteries, stationary energy storage systems are also “playing a crucial role in the big picture of battery recycling,” Li-Cycle’s chief commercial officer has said. Li-Cycle is a commercial recycler of lithium-ion batteries, headquartered in Canada with facilities in its home country and […]
The largest advanced compressed-air long-duration energy storage (A-CAES) system in the world is set to be constructed in California in the United States, paving the way for a reliable renewable electricity network. Canadian company Hydrostor has announced that it is developing two 500MW/5GWh A-CAES projects in conjunction with US renewables developer Pattern Energy and French […]
Safely managing the use of lithium-ion batteries in energy storage systems (ESS) should be priority number one for the industry. In this exclusive Guest Blog, Johnson Controls’ industry relations fellow Alan Elder, with over four decades of experience in the field of gaseous fire suppression systems and Derek Sandahl, product manager for the company’s engineered […]