 New battery could cut thousands from the price of EVs like the Volt (Source: Chevrolet)
Company plans to have new battery on the market in five years
There
is much promise in the evolving world of battery technologies for
many of the devices that we use every day. Better battery tech means
notebooks that can operate longer per charge, cell phones we can talk
on for longer, and electric cars that can travel longer distances.
With all of the aspects of technology that the battery touches, a
breakthrough here can have very far reaching effects.
Yet-Ming
Chiang, a researcher and founder of A123 Systems, has developed
a new battery design that he claims could make electric
vehicles much cheaper. Chiang has started a new company to
commercialize the battery technology called 24M. The researcher says
that the new battery he has designed could cut costs of the battery
packs for electric vehicles, such as the Chevrolet
Volt, by as much as 85%.
That cut in price on the
battery pack, which can cost as much as $10,000, has the potential to
significantly affect the price of electric vehicles and make them
more cost competitive with traditional gasoline vehicles. A24 has
raised $10 million in venture capital and an additional $6 million
from Advanced Research Projects Agency-Energy or ARPA-E. The money
will be used to fund collaboration between A24, MIT, and Rutgers
University.
Chiang is offering no details on the battery
technology and only gives cryptic details on the battery he has
developed. What information he will offer is that the battery is a
semisolid energy storage device and that it uses tech that combines
the best attributes of conventional batteries, fuel cells, and flow
batteries.
Chiang said, "In a typical rechargeable
battery, only half of it is actual energy-storing materials. The rest
is supporting materials. That's a problem I've been thinking about
for years--how do you improve the efficiency of the design?"
Chiang
says that a fuel cell doesn’t have to deal with that problem, but
the hydrogen isn't easy to come by today for a fuel cell. Like a fuel
cell, Chiang says that his battery can store large amounts of energy,
but it doesn't need huge amounts of supporting materials like a
typical flow battery. The design is also said to work with a wide
range of chemicals. A proof-of-concept battery has been produced and
works, which was used to secure the funding granted by ARPA-E.
The
goal is to have the new battery in the field within the next five
years.
"Nowadays you can buy a CPU cheaper than the CPU fan." -- Unnamed AMD executive
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