Monday, February 01, 2010

Lithium Demand: EnerDel, ITOCHU Announce Second Smart Grid Battery Storage Project TNR.v, CZX.v, LI.v, RM.v, WLC.v, SQM, FMC, ROC, AONE, HEV, VLNC, PC

It is very encouraging to see another confirmation of Lithium based batteries used for secondary market in Utility Storage area. Any volume in Grid batteries applications with Lithium based technology will help to bring total cost of lithium batteries per kWh down and open doors to the wide range of Lithium based batteries applications for Utility Scale and Smart Grid technology sectors.
"Our main take from U.S. Energy Secretary Steven Chu Video :
"Price of Lithium batteries is in access of 1000 USD/kWh at the moment, with mass production it will drop to 300-400 USD/kWh ( S. GM is aiming now for 450 USD/kWH in a near term) and with recent technological advance we can talk about 100 USD/kWh as possibility."
As we have wrote before, lithium battery price of USD 25o per kWh will make production of Electric Cars cheaper than a comparable CV - you do not need automatic transmission as part of your power drive."


EnerDel, an American lithium-ion battery producer, reportedly entered into a partnership with the real estate arm of Japan's industrial trading giant, ITOCHU Corporation, to develop and produce the advanced battery systems for a residential smart grid energy storage project to be installed in a major apartment building near Tokyo.

The system will provide a critical link between renewable energy, high-speed charging for electric cars and the local utility grid.

According to EnerDel officials, this is the second such venture between the two companies, following the announcement last month that they are teaming up with Mazda Motor Corporation on a similar system using vehicles converted to electric drive using a platform designed and built by EnerDel and its partner THINK, which will be stationed at a Family Mart convenience store.

"These are the first projects anywhere in the world to bring all the critical elements of a smart, sustainable network that connects renewable energy and transportation in the places where people live and work," Naoki Ota, chief operating officer for EnerDel, said in a statement.

Ota said that it will also demonstrate that EnerDel's lithium-ion battery systems are equally capable, whether it is in a car or a stationary grid application. He said that the company’s longstanding partnership with ITOCHU has provided the means to set another exciting industry precedent.

“We are delighted to be partnering again with ITOCHU to develop this industry leading project," Charles Gassenheimer, chairman and CEO of EnerDel parent company, Ener1, said.

Gassenheimer said that the company is pushing hard to drive pioneering initiatives like this to develop a secondary market for automotive grade lithium-ion batteries.

“I believe this secondary market will be a key enabler to reducing battery costs for automotive buyers and accelerating the growth of the market for electric powered vehicles," he said."
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