Inlyte Energy has completed a seed funding round to develop its iron and salt-based battery technology, which it claims has high efficiency, long lifetime, ‘competitive’ energy density, excellent safety and an ultra-low cost.
Fastmarkets analysts Muthu Krishna and Phoebe O’Hara look at the potential of solid-state and sodium-ion batteries to scale up and ease the pressure on lithium-ion NMC and LFP battery chemistries, which currently dominate the EV and ESS markets.
ASX-listed Altech Chemicals and research institute Fraunhofer-Gesellschaft have progressed plans for a 100MWh plant in Germany to produce the latter’s energy storage-focused sodium solid state battery technology.
Australian startup Vast Solar said it has picked a site in Queensland where it could develop a AU$600 million (US$427 million) power plant combining different low emissions technologies to provide baseload power cost-effectively over a 30-year lifetime.
