NEC Energy Solutions and the lithium-ion battery startup 24M are partnering with the intent of deploying 24M’s semi-solid lithium-ion battery cells as part of NEC Energy Solutions’ integrated storage systems, according to recent reports.
The two companies recently signed a Memorandum of Understanding as part of the partnership — which will see the two companies cooperating to “ensure that supplied 24M cells enhance NEC system energy density, life, and cost.”
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24M leverages existing, preferred energy storage chemistries but uses 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. (Co-founder and Chief Scientist Dr Yet-Ming Chiang was also a co-founder of A123 Systems; 24M originated as an A123 spinout.)
NEC Energy Solutions combines ESS and intelligent controls to deliver innovative, tailored, technology solutions for electric grid, backup power and lead-acid replacement applications. The company also provides system integration expertise focusing on high performance, efficiency, safety and reliability.
So, a match made in heaven, in other words. Or, one would suppose that to be the case anyways. I guess that we will have to wait and watch in order to find out….
The CEO of NEC Energy Solutions, Bud Collins, commented: “Working together, NEC Energy Solutions and 24M will provide customers with high performance, 20-year battery life for reliable grid, off-grid and behind-the-meter solutions.”
Yet another potential game-changer in the battery market to continue keeping an eye on — what an interesting couple of years we’re now in store for, eh?