22 June 2015
Oxis Energy is gearing up to sell its energy storage batteries in 2016. The lithium sulfur (Li-S) battery developer, which unveiled a solar storage technology demonstration project in early June with Proinso, predicts a battery price of $250/kWh in 2020.
...
Oxis, established in 2005, claims its batteries are nearly five times as powerful as its Li-ion counterparts, in addition to being lighter weight, safer and maintenance free. Oxis' Dr Mark Crittenden told pv magazine the company is aiming to capture 10% of the Li-ion market in the next five to 10 years. "To put this into context," he said, "Lithium Ion has grown from zero in 1990 to an estimated $80 billion in 2020."
In 2014, Oxis was awarded Frost & Sullivan's Technology Innovation Award, "Because this battery technology offers energy density greater than 300Wh/kg, it is lightweight and has enhanced safety chemistry that prevents fires and retains functionality, even after accidents." An energy density of 400 Wh/kg is forecast for 2016.
The consulting firm added that Oxis' Li-S batteries also have long lifecycles, with the company's premium product – scheduled to be launched in the next couple of years – expected to achieve 2,000 cycles before capacity reduces to 80% of its beginning of life (BoL).
For European residential installations, said Oxis, four batteries can be combined to create a storage capacity of 12 kWh. "In the continent of Africa for example this is a breakthrough as profound as the introduction of the mobile phone and allows for the rapid commercialisation of their economies using solar energy storage systems," added CEO, Huw Hampson-Jones.
Sign up with Google
