Aquion cuts cost reduction target by eight years

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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