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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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LG Chem and Eguana partner on Li-ion residential energy storage system for North America

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Eguana Technologies, a supplier of power control and conversion solutions for distributed energy storage systems and Li-ion manufacturer LG Chem have combined their technologies under a multi-year agreement to deliver a certified, fully integrated energy storage system (ESS) Eguana calls “AC Battery”.

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A123 Systems to supply Li-ion energy storage system to Dongfang Electric Corporation for evaluation for wind power solutions

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Li-ion battery manufacturer A123 Systems will supply a 500kW Li-ion energy storage solution to Dongfang Electric Corporation (DEC), the third largest manufacturer of wind turbines in the People’s Republic of China and the country’s largest exporter of power equipment.

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A123 Systems to supply six battery energy storage solutions to Northern Powergrid for UK’s largest smart grid project; 2.85MW total

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Li-ion battery manufacturer A123 Systems will supply six Grid Battery Systems (GBSs) to Northern Powergrid, an electricity distribution network operator that delivers power to more than 3.8 The GBSs will be designed for peak-load shifting and to manage fluctuations in voltage on the power grid.

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A123 Systems Opens Li-ion Automotive Battery Manufacturing Plant in Michigan

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A123 Systems announced the grand opening of the largest lithium ion automotive battery production facility in North America, which it calls the largest, based on available data. A123 will focus on manufacturing prismatic cells and systems at the new 291,000-square-foot Livonia facility. The new plant in Livonia, Mich.

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Electrochemical energy storage startup SPARKZ licenses ORNL cobalt-free battery tech

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has exclusively licensed five battery technologies from the Department of Energy’s Oak Ridge National Laboratory (ORNL) designed to eliminate the use of cobalt metal in lithium-ion batteries. The advancement is aimed at accelerating the production of electric vehicles and energy storage solutions for the power grid. SPARKZ Inc.

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Ener1 signs strategic energy storage agreement with Russian National Grid Operator

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Li-ion battery manufacturer Ener1, Inc. has signed a strategic cooperation deal with a division of the Russian Federal Grid Company (FGC) to co-develop storage systems under a nation-wide grid modernization program. —Bruce Curtis, President of Ener1 Grid Storage.