Aquion targets 50% cost reduction in 10 years

Aquion Energy batteries are being used to store solar energy for nighttime illumination on Thailand’s Sky Lane, a 23.5km bicycle track at Suvarnabhumi Bangkok International Airport.

Aquion Energy batteries are being used to store solar energy for nighttime illumination along Thailand’s Sky Lane, a 23.5km bicycle track at Suvarnabhumi Bangkok International Airport. Photo: Aquion.

By Jason Deign

Saltwater battery manufacturer Aquion Energy is aiming to cut the price of its batteries by up to 50% within a decade, a company executive confirmed.

Newly named chief commercial officer Tim Poor said it was “very reasonable” to expect a 25% to 50% cut in costs once current manufacturing facilities reached full scale, which would happen within “single-digit years.”

Aquion currently has manufacturing capacity for 200MWh of batteries a year, based on a single production line. But the company’s factory has space for four more lines, allowing for up to 1GWh of capacity to be produced a year.

Poor said the company was planning to double production in the fourth quarter of this year. Aquion has so far shipped 20MWh of storage to about 200 customers, with 50% of products going for export, he said.

Historically, though, Aquion has tended to attract attention for its fundraising escapades rather than its business growth.
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Could energy storage be onto a winner in France?

We analyse recent market developments in energy storage in France – from Total buying into Aquion Energy, GDF Suez testing Eos Energy Storage batteries to start-ups such as Nawa Technologies. Photo credit: McPhy Energy

We analyse recent market developments in energy storage in France – from Total buying into Aquion Energy, GDF Suez testing Eos Energy Storage batteries to start-ups such as Nawa Technologies. Photo credit: McPhy Energy

It has been a mixed bag for energy storage in France recently. Three weeks ago came the news of faltering finances at Areva, one of France’s biggest power sector companies and a potentially significant energy storage player.The future of Areva’s energy storage programme is as yet still unclear and might not be known until a new strategic plan is unveiled in February.

Almost simultaneously with the Areva bombshell, however, another big French energy player, GDF Suezannounced it would be testing battery systems from Eos Energy Storage, a promising US developer. So what is to be made of the fickle French market?
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