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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With E.ON and Trianel partnering Sungevity and Conergy, the Residential Energy Storage Forum is focusing on how utilities can cash in on solar storage. Photo: Conergy Deutschland
Utility representatives are expected to signal growing acceptance of the need to address residential energy storage market concerns next month.
The 2nd Residential Energy Storage Forum on Monday April 27 in Rome, Italy, will see big-hitting utilities such as E.ON of Germany and EVN of Austria discussing ways to take advantage of growing consumer interest in home-based battery storage.
The mood is expected to be very different from a year ago, when organisations such as the UK National Grid were still mulling over the impact that residential energy storage might have on transmission system operations.
Over the last 12 months, a growing appetite for residential energy storage has begun to affect a number of markets worldwide, forcing utilities to decide whether they should fight or support the trend.
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