Tag Archives: Aquion

Our most-read stories of 2016

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Last year's hottest stories in Energy Storage Report. Pics: Electro Power Systems, Aquion Energy, Kreisel Electric, Capacitor Sciences, SunPower and Concept by US.

Last year’s hottest stories in Energy Storage Report. Pics: Electro Power Systems, Aquion Energy, Kreisel Electric, Capacitor Sciences, SunPower and Concept by US.

By Jason Deign

The year 2016 will probably be remembered as the point at which energy storage began to take off in earnest.

Projects came thick and fast as interest in storage extended quickly beyond early hotspots such as California and Germany.

We saw grid-scale storage playing a starring role in the UK’s frequency response market, while battery makers jostled for position in an increasingly buoyant Australian consumer market. And that was just a couple of examples.

Almost every major energy market in Asia, Europe and North America had a storage story to tell. But which were the ones that caught your eye? Here’s a rundown of our most popular headlines from 2016. 
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Aquion cuts cost reduction target by eight years

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Aquion expects to halve the cost of its batteries in as little as two years.

Aquion expects to halve the cost of its batteries in as little as two years.

By Jason Deign

Aquion Energy, the saltwater battery maker, has cut a 10-year, 50% cost reduction target by eight years within the last five months.

The company now hopes to halve the cost of its products in as little as 48 months, instead of the decade it had estimated in June this year.

“We’ll probably achieve that within two years,” confirmed chief commercial officer Tim Poor.

“We’re a new chemistry with lots of optimisation as yet to be factored in by additional innovation and improvements to the basic battery chemistry design.”

A 50% reduction would bring the wholesale price of Aquion’s Cradle-to-Cradle-certified products down to around USD$200 per kWh.
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