Norwegian lithium-ion gigafactory firm FREYR has raised over a quarter of a billion dollars and completed the previously-announced JV with Nidec Corporation to develop energy storage solutions.
European gigafactory group FREYR’s new technology resources campus and business unit in Japan could see it partner with companies in addition to existing technology provider 24M, CEO Tom Jensen told Energy-Storage.news.
A new joint venture (JV) is evaluating building battery cell gigafactories in the US, based on advanced lithium-ion technologies, formed by investor Koch Strategic Platforms and manufacturer FREYR Battery.Â
An agreement has been signed which could lead to a multi-gigawatt lithium-ion battery cell manufacturing facility being built near Chennai, India, using 24M’s advanced ‘SemiSolid’ electrode technology.Â
Kyocera has officially launched a residential energy storage system using an advanced manufacturing process that supplier 24M claims can reduce some of the key costs of lithium battery making by as much as 50%.
24M, a startup battery company founded as a spin-off from MIT, claims it has made a breakthrough in creating semi-solid lithium-ion battery cells with an energy density exceeding 350Wh per kg.
24M, a start-up angling to disrupt the already-disruptive lithium-ion battery industry with the design and production of semi-solid lithium cells, has raised US$21.8 million in a Series D funding round.
Lilia Xie of Lux Research spoke with the founders of 24M, which claims to have reduced lithium cell costs by 50% over existing technologies and is targeting US$100 per kWh by 2020.
