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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.

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Highview Power and Encore Renewable Energy to co-develop the first long-duration, liquid-air energy storage system in US

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Highview Power Storage, Inc., Highview Power’s proprietary liquid air energy storage system, called CRYOBattery, relies on low-risk, proven technology, generates zero emissions, has zero water impact and can be delivered at a cost of approximately half of the current cost of traditional lithium-ion batteries.

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New long-duration, extended capacity Na-Al battery design for grid storage

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The new battery design could help ease integration of renewable energy into the electrical grid at lower cost, using Earth-abundant metals, according to a study just published in Energy Storage Materials. h is achieved with an estimated raw active materials cost of $7.02 mAh cm −2 , a discharge duration of 28.2

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ITM Power reports its estimated cost of producing hydrogen via electrolysis down significantly from last year

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ITM Power has provided an update on the cost structure of hydrogen generated by its HFuel electrolysis platform. The new estimated cost —US$4.13/kg ITM Power projects hydrogen cost at £4.19/kg ITM Power projects hydrogen cost at £4.19/kg kg, US$7.26) in 2025, ITM Power notes. kg (US$6.44/kg),

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SAFE and the EC report recommends policies to advance adoption of vehicle-to-grid technology

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SAFE and the Electrification Coalition (EC) released a report highlighting policy opportunities to accelerate the adoption of vehicle-to-grid (V2G) technology. V2G enables EVs to serve as “mobile energy storage units” and can provide power during outages. Conduct V2G grid impact studies and disseminate results broadly.

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Harvard team demonstrates new metal-free organic–inorganic aqueous flow battery; potential breakthrough for low-cost grid-scale storage

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In a paper in Nature , they suggest that the use of such redox-active organic molecules instead of redox-active metals represents a new and promising direction for realizing massive electrical energy storage at greatly reduced cost. Paying for 50 megawatts of power capacity when only 1 megawatt is necessary makes little economic sense.

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Octillion Power Systems debuts new EV battery-leasing plan

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Octillion Power Systems, a global provider of advanced lithium-ion storage systems for electric mobility ( earlier post ), announced a new demonstrator program for battery-leasing that allows batteries to be leased to fleet customers when they purchase vehicles. —Paul Beach, president, Octillion Power Systems. —Paul Beach.

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