Li-S Batteries Can Undercut Li-Ion Batteries In Energy Storage Market
The Oxford-based battery developer, Oxis Energy, working with commercial and home energy storage installer company, Anesco, introduces a new lithium sulfur battery for UK’s residential and commercial market.
Li-S will be a safer and more environmentally friendly alternative to the traditional Li-Ion storage technology. The company plans to use cheaper material costs of sulfur to undercut the market for lithium-ion batteries, with a goal of having the price for their Li-S batteries set at $250/kWh by the year 2020- compared to the average charge of Li-ion batteris at $400-$500 per kWh.
The battery has already demonstrated its efficiency during the development and demonstration program, Project Helios. In the meantime, Oxis Energy will collaborate with Anesco to educate homeowners, businesses and local authorities about the new Li-S batteries to help them reduce carbon emissions and improve energy efficiency. The new battery storage units will be available from 2016.
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