Flux Power Holdings, a developer of advanced lithium batteries for industrial applications, completed development of a lithium-ion battery solution designed to power large, Class 1 forklifts. Flux’s Class 1 lithium-ion battery pack is a high-performance and cost effective alternative to lead acid for powering Class 1 lift equipment, the company says.
Lithium-ion (Li-ion) batteries will continue to dominate the stationary energy storage sector, according to Lux Research. The dominance is not total, however. Lux found that a new approach, current generation flow battery technology, “has an economic case for certain very large and long-duration applications.” The … Read more…
Global clean energy investment rebounded strongly in 2014, with investments totalling $310 billion, according to Bloomberg New Energy Finance. Boosted by demand for large-scale and rooftop solar PV and by the financing of a record $19.4 billion of offshore wind projects, clean energy investment in … Read more…
CODA Energy announced the full interconnection and operation of the largest behind-the-meter lithium-ion energy storage system in the Los Angeles basin. The 1,054 kWh, 510 kW system was developed under a contract with South Coast Air Quality Management District (AQMD) and co-funded through California’s Self-Generation … Read more…
Tesla Motors’ designs on the energy storage market go well beyond its famous electric cars and reach well into the home. It plans to build a lithium-ion battery factory and may enter the energy storage market, CEO Elon Musk said during a discussion of its … Read more…
Stationary storage represents just a tiny segment of the advanced battery market, while consumer electronics represents a huge portion of the market, according to a study by Navigant Research. For 2012, Navigant Research identified a total global shipment volume of 26.7 GWh of advanced batteries, representing … Read more…
The lithium ion stationary energy storage market will grow from 27 MW of global installed capacity in 2013 to 1,753 MW in 2022, according to a study by Navigant Research. As the Li-ion manufacturing industry develops, it promises to eventually deliver low-cost, long-lasting, and safe … Read more…
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