Aries Grid is a lithium iron phosphate battery designed for long-term power storage programs.
From pv journal USA
Our Subsequent Vitality, Inc. (ONE), introduced the Aries Grid, a lithium iron phosphate (LFP) utility-scale battery system that may function long-term power storage.
Based in 2020 by veteran Apple Inc. that Mujeeb Ijaz, ONE was initially identified for making batteries for electrical autos. Earlier this month, ONE introduced it had raised 0 million to fund the primary section of a .6 billion US-based battery gigafactory. Buyers embody Fifth Wall, Franklin Templeton, Temasek, and others. The corporate additionally obtained $220 million in grants from the state of Michigan, and Invoice Gates’ Breakthrough Vitality Ventures was an early investor.
“Vitality storage is the important thing to decarbonizing mobility and the grid,” stated Mujeeb Ijaz, CEO and founding father of ONE. “With Aries Grid, ONE is serving a market want for safer and extra sustainable utility-scale power storage options which can be, for the primary time, value aggressive with fossil fuels, because of the Inflation Discount Act. “
The Michigan manufacturing unit, situated in Van Buren Township, will start manufacturing Aries Grid LFP cells in 2024, and the cells might be supplied in 2-, 3- and 6-MWh choices to help modular and scalable renewable power storage .
The lithium iron power storage system makes use of LFP cathode chemistry, which is thought to have a decrease fireplace threat in comparison with conventional lithium-ion batteries. One additionally reported that LFP is extra sturdy and has twice the lifetime power throughput of the nickel, cobalt and manganese (NCM) chemistries that make up many of the power storage programs commercially obtainable in the US. United States.
With discharge instances starting from 4 to 12 hours, the corporate reviews that Aries Grid can create a renewable microgrid that gives 24×7 steady baseload capability to energy vegetation, information facilities and communities.
“Aries Grid gives utilities a flexible grid asset whereas offering companies with a device to assist decarbonize their provide chains,” stated Dr. Deeana Ahmed, vice chairman of technique, coverage and sustainability at ONE. “With sturdy, sustainable, Michigan-built batteries, there’s a actual path towards rising renewable electrical energy throughout the U.S. and all over the world.”
For the reason that Inflation Discount Act (IRA) was signed into legislation in August, a number of battery producers have introduced plans to arrange store in the US. Included within the IRA is greater than $60 billion for home manufacturing all through the clear power provide chain, which incorporates $30 billion in manufacturing tax credit to facilitate home manufacturing of photo voltaic panels, wind generators , battery, and significant mineral processing.
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