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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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Toshiba delivers two SCiB Li-ion grid energy storage systems

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Toshiba Corporation has delivered battery energy storage systems integrating the company’s SCiB Li-ion battery ( earlier post ) to Kyushu Electric Power Co., for a demonstration project to expand introduction of renewable energy sources on remote islands. The demonstration program will run for three years to fiscal 2016.

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Lux projects beyond Li-ion batteries to be worth $10B in 2030

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While incremental improvements will extend the market dominance of Li-ion batteries into the next decade, a new generation of post-Li-ion battery technologies are rising and will be worth $10 billion by 2030, according to Lux Research. Among their findings: Transportation market is hotbed for new battery tech.

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Exide and Leclanché launch Li-ion battery JV in India

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Exide Industries Ltd, India’s largest manufacturer of lead acid storage batteries and power storage solutions provider, and Switzerland-based Li-ion battery manufacturer Leclanché SA announced a joint venture to build lithium-ion batteries and provide energy storage systems for India’s electric vehicle market and grid-based applications.

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STEAG investing €100M in a total of 90 MW of grid energy storage systems with LG Chem Li-ion batteries

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German utility STEAG is investing around €100 million in grid energy storage systems (ESS) totalling 90 MW, equipped with Li-ion cells from LG Chem. Using the existing plant sites provides synergies in the infrastructure and therefore keeps the investment costs low, STEAG said.

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Electrovaya introduces 600 Wh Li-ion SuperPolymer PowerPad unit, targeting healthcare

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Electrovaya introduced the PowerPad 600, a 600 Wh Li-ion SuperPolymer battery unit targeted at replacing existing lead acid and low energy density Lithium-Ion batteries used in hospitals, construction sites, warehouses, telecommunications, retail, standby power and wherever mobile power is required. Electrovaya Inc.

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A123 Systems in 20 sourced and production transportation programs with its Li-ion batteries

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A123 Systems is currently in production on 10 transportation programs with its Li-ion batteries and has been sourced for production on an additional 10, according to the company’s current investor presentation. A123 is targeting three primary markets: transportation, grid storage, and commercial (e.g.,

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