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24M delivers initial quantity of production-size semi-solid Lithium-ion cells to NEC Energy Solutions
12 October 2016
On schedule, 24M has successfully delivered an initial quantity of production-size battery cells to NEC Energy Solutions, Inc. (NEC ES), meeting the terms of the Memorandum of Understanding (MoU) the two companies signed last year at this time. (Earlier post.)
24M is leveraging existing, preferred energy storage chemistry but using a new cell design with semi-solid (a mixture of solid and liquid phases) thick electrodes and manufacturing innovations to deliver what it says will be up to a 50% reduction in current Li-ion costs.
Last October, 24M and NEC ES announced the signing of an MoU whereby 24M agreed to supply its semi-solid lithium-ion cells for use in NEC ES’ integrated storage systems.
The 24M battery cells are optimized to withstand the rigors of the long cycle and calendar life required by grid-scale energy storage and other high-performance applications.
The market for energy storage solutions is growing rapidly, but cost remains a significant factor for many customers. With 24M semisolid lithium-ion battery cells, NEC ES will be able to include better batteries for a better price in our next generation energy storage systems.—Bud Collins, CEO of NEC ES