A cheap, safe battery able to store energy for long periods of time is the holy grail of the renewable energy sector, as it would be capable of removing the issue of wind and solar’s variability at a low cost.
With French financial advisers Lazard putting the levelised cost of storage (LCOS) of large-scale lithium-ion batteries at $132-245/MWh in its industry-standard annual report, Form’s battery — at a tenth of that cost — would be the cheapest type of energy storage available by some distance.
“This battery can be used continuously over a multi-day period and will enable a reliable, secure, and fully renewable electric grid year-round,” said Form Energy.
Or as Greg Lydkovsky, global head of R&D at steel giant ArcelorMittal — Form Energy’s latest investor — put it, the technology “holds exciting potential to overcome the intermittent supply of renewable energy”.
Form Energy president and chief operating officer Ted Wiley said: “We’ve completed the science, what’s left to do is scale up from lab-scale prototypes to grid-scale power plants.
Jesus: Hey, Dad? God: Yes, Son? Jesus: Western civilization followed me home. Can I keep it? God: Certainly not! And put it down this minute--you don't know where it's been! Tom Robbins in Another Roadside Attraction