Aries Grid is a lithium iron phosphate battery designed for long-term vitality storage methods.
From pv journal USA
Our Subsequent Power, Inc. (ONE), introduced Aries Grid, a lithium iron phosphate (LFP) utility-scale battery system that may function long-term vitality storage.
Based in 2020 by veteran Apple Inc. that Mujeeb Ijaz, ONE was initially recognized for making batteries for electrical automobiles. Earlier this month, ONE introduced that it had raised $300 million to fund the primary section of a $1.6 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 Power Ventures was an early investor.
“Power storage is the important thing to decarbonizing mobility and the grid,” mentioned Mujeeb Ijaz, CEO and founding father of ONE. “With Aries Grid, ONE is serving a market want for safer and extra sustainable utility-scale vitality storage options which can be, for the primary time, price aggressive with fossil fuels, due to the Inflation Discount Act. “
The Michigan manufacturing facility, positioned in Van Buren Township, will start manufacturing Aries Grid LFP cells in 2024, and the cells shall be provided in 2-, 3- and 6-MWh choices to assist modular and scalable renewable vitality storage .
The lithium iron vitality storage system makes use of LFP cathode chemistry, which is thought to have a decrease hearth threat in comparison with conventional lithium-ion batteries. One additionally reported that LFP is extra sturdy and has twice the lifetime vitality throughput of the nickel, cobalt and manganese (NCM) chemistries that make up many of the vitality storage methods commercially out there in the USA. 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 secure baseload capability to energy crops, knowledge facilities and communities.
“Aries Grid presents utilities a flexible grid asset whereas offering companies with a device to assist decarbonize their provide chains,” mentioned Dr. Deeana Ahmed, vp 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 world wide.”
Because the Inflation Discount Act (IRA) was signed into regulation in August, a number of battery producers have introduced plans to arrange store in the USA. The IRA contains greater than $60 billion for home manufacturing throughout the clear vitality provide chain, together with $30 billion in manufacturing tax credit to facilitate home manufacturing of photo voltaic panels, wind generators, batteries, and significant mineral processing.
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