It’s a big year for water. LG Chem is getting into the desalination seawater market by acquiring startup NanoH20.
How do you build a big market for batteries and other forms of energy storage? Here’s a look at the key challenges.
How do you accelerate battery development and deployment when venture capital can be hard to come by and new markets aren’t growing as quickly as anticipated? CalCharge thinks it has the answer.
Korea’s LG Chem is getting ready to roll out lithium ion battery cells at a Michigan factory that is partly funded by the stimulus money.
The demand for lithium-ion batteries hasn’t grown as quickly as many battery developers have anticipated, and that leaves a rather bleak near-term outlook for startups who had counted on the rise of electric car, grid storage and even laptops as lucrative markets.
Cleantech companies with effective business models still have excellent prospects, while those who don’t have a viable product to sell in the marketplace won’t be rising from anywhere.
The supply of batteries for electric cars could far surpass the demand for electric vehicles over the next few years, estimates Lux Research. It could be a “severe mismatch,” that could cause consolidation and the need for new markets for battery makers.
The automotive battery joint venture between Johnson Controls and Saft has gone sour and according to analysts with Needham & Company Johnson Controls is unhappy because the Saft deal is holding it back from the power grid battery market (and Hitachi might be a better partner).
Auto makers aren’t making much money (if any) off of electric cars yet. The same thing is true for the makers of the batteries that will run them. A123 System on Monday reported lower sales and widened its loss for the first quarter.
GM and LG Chem are licensing a broad suite of patents from Argonne National Laboratory to develop lithium-ion battery cells and packs for next-generation electric cars. LG Chem will use the IP to make cells in Michigan starting next year.