Austin-based potassium-ion battery startup Group1 says its technology has comparable energy density to lithium iron phosphate (LFP), and that it is aiming for a large-scale launch of its product by 2027.
A “novel and innovative” technology which uses CO2 as a medium to store energy could be made using off-the-shelf equipment and made available to the market as early as next year, the company behind it has said.
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.
Update 1 September 2020: EnerVenue CEO Jorg Heinemann got in touch with Energy-Storage.news post-publication of this story to give a few extra pieces of detail on the company and its commercialisation plans for the metal-hydrogen batteries.
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%.