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24M Targets US$100 per KWh Costs for Li-ion Battery
publish：[2015-07-15 11:40:16]
24M, a battery company that claims it can achieve 50% cost-savings over existing Li-ion technology and hit US$100 per kWh by 2020, is positioning itself as a ‘disruptor’ of the energy storage space, an industry analyst has said.
In a Guest Blog to be published later this week on PV Tech Storage, Lilia Xie of Lux Research writes that 24M, which was spun out of A123 Systems in 2010, is “positioning itself as a disruptor to the entrenched lithium-ion (Li-ion) cell design and manufacturing process”.
The company claims its battery design eliminates over 80% of the ‘inactive’ materials in a lithium-ion battery and says it is aimed at the markets for grid or EV applications. The batteries replace the films made of solid electrode materials in standard Li-ion cells with Li-ion cathode and anode materials suspended in conventional liquid electrolytes, forming semi-solid electrodes instead.
Founded by an MIT (Massachusetts Institute of Technology) professor, Yet-Ming Chiang, 24M exited its ‘stealth mode’ earlier this month and unveiled the new design. At the time, Yet-Ming, the company’s chief scientist, said that while lithium ion is a brilliant technology, “the economics are flawed”. Yet-Ming claims 24M has “fixed those flaws”.
How Battery Costs May Drop Below $100/kWh
If they are correct, the grid storage systems are off to a running start, and fossil fuels are a thing of the past.
publish：[2015-07-15 11:40:16]
24M, a battery company that claims it can achieve 50% cost-savings over existing Li-ion technology and hit US$100 per kWh by 2020, is positioning itself as a ‘disruptor’ of the energy storage space, an industry analyst has said.
In a Guest Blog to be published later this week on PV Tech Storage, Lilia Xie of Lux Research writes that 24M, which was spun out of A123 Systems in 2010, is “positioning itself as a disruptor to the entrenched lithium-ion (Li-ion) cell design and manufacturing process”.
The company claims its battery design eliminates over 80% of the ‘inactive’ materials in a lithium-ion battery and says it is aimed at the markets for grid or EV applications. The batteries replace the films made of solid electrode materials in standard Li-ion cells with Li-ion cathode and anode materials suspended in conventional liquid electrolytes, forming semi-solid electrodes instead.
Founded by an MIT (Massachusetts Institute of Technology) professor, Yet-Ming Chiang, 24M exited its ‘stealth mode’ earlier this month and unveiled the new design. At the time, Yet-Ming, the company’s chief scientist, said that while lithium ion is a brilliant technology, “the economics are flawed”. Yet-Ming claims 24M has “fixed those flaws”.
How Battery Costs May Drop Below $100/kWh
If they are correct, the grid storage systems are off to a running start, and fossil fuels are a thing of the past.
