A memorandum of understanding has been signed by 24M and NEC Energy Solutions whereby 24M has agreed to supply its semisolid lithium-ion cells for use in NEC Energy Solutions’ integrated storage systems.
The companies will also work together “to ensure that supplied 24M cells enhance NEC system energy density, life and cost.”
Sounds like a winning storage situation for both companies.
About 24M Batteries
These batteries are different from traditional lithium-ion batteries. Here’s why, according to 24M themselves:
“24M battery cells are optimized to withstand the rigors of the long cycle and calendar life required by grid-scale energy storage and other high-performance applications.”
They also combine superior design with manufacturing innovations to lower the total cost of ownership of a battery cell to just pennies per kWh, providing a rate of return equivalent to conventional fuel solutions.
In a press announcement, NEC Energy Solutions CEO Bud Collins stated that he believes combining 24M cells with its storage systems will provide customers with the most affordable energy storage systems. “Working together, NEC Energy Solutions and 24M will provide customers with high performance, 20-year battery life for reliable grid, off-grid and behind-the-meter solutions,” he said. “We look forward to incorporating these breakthrough batteries into our best-in-class ESS deployments across the globe.”
NEC Energy Solutions combines ESS and intelligent controls to deliver tailored technology solutions for electricity grid, backup power, and lead-acid replacement applications.
Throop Wilder, 24M CEO, provided his perspective on this agreement: “Through this MoU, NEC Energy Solutions and 24M will be able to bring industry-leading solutions to market more quickly and cost effectively, accelerating the adoption of advanced ESS across the globe.”
Image via 24M