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IHS Markit: average cost of lithium-ion battery cell to fall below $100/kWh in 2023

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The average cost of a Li-ion battery cell—used to power electric vehicles and to provide flexibility in the power grid as more renewables, such as solar and wind, are added will fall below $100 per kilowatt hour (kWh) in the next three years, according to a new analysis by IHS Markit. Cost is the name of the game.

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Sylvatex developing new lower-cost CAM manufacturing process for Li-ion batteries

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SVX continues to collaborate with battery industry experts and collaborators at the Lawrence Berkeley National Laboratory and Argonne National Laboratory. Global lithium-ion battery capacity is expected to rise up to ten-fold in the next decade.

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IDTechEx forecasts second-life EV battery market to reach US$7B by 2033

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IDTechEx forecasts that the second-life EV battery market will reach US$7B in value by 2033. The second-life EV battery market adds value to future energy infrastructure, creates a circular economy for electric vehicle (EV) batteries, and provides a lower levelized cost of storage compared to new batteries.

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DOE to award up to $42.3M to support manufacturing innovations, including Li-ion battery manufacturing

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million funding opportunity ( DOE-FOA-0002553 ) to support manufacturing innovations for high performance clean energy technologies to drive economy-wide reductions in carbon emissions, including: Topic area 1: Manufacturing Process Innovation. Topic Area 1c: Sustainable Chemistry Practices in Manufacturing.

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IONETIC launches EV battery pack design platform

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IONETIC , a UK start-up specializing in electric vehicle (EV) battery pack technology, launched its EV battery pack design platform, which the company says can cut the development cost and time for automotive manufacturers bringing a new electric vehicle to market.

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DOE estimates EV battery pack costs in 2022 nearly 90% lower than in 2008

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The Department of Energy’s (DOE’s) Vehicle Technologies Office estimates the cost of an electric vehicle lithium-ion battery pack declined 89% between 2008 and 2022 (using 2022 constant dollars). The decline in cost is due to improvements in battery technologies and chemistries, and an increase in manufacturing volume.

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DOE intends to award up to $37M to advance EV battery recycling, transportation and design

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The US Department of Energy (DOE) issued a notice of intent to release a funding opportunity that would provide up to $37 million from Bipartisan Infrastructure Law (BIL) funding to advance electric vehicle (EV) battery recycling, transportation, and design (DE-FOA-0003120). As of July 2023, more than 3.9