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Next-generation Batteries Eye Slice of $10 Billion Li-ion Market – MarketWatch

BOSTON, Mar 19, 2013 (BUSINESS WIRE) — Mobile energy storage is critical for everything from the phones and computers we carry, to the soldiers and weapons that protect us – and even to the cars we drive. While lithium-ion (Li-ion) batteries have established themselves as the leading technology today, exotic ideas such as lithium-air, lithium-sulfur, solid-state and zinc-air batteries offer up to 10 times better energy density. However, most are at early stages of development and none will attain parity with the Li-ion before 2024.

“The next generation of batteries remains mostly in research labs, undergoing fundamental development, and technologies led by Li-air, Li-S, and solid-state are still not yet ready for prime time,” said Cosmin Laslau, Lux Research Analyst and the lead author of the report titled, “Beyond Lithium-Ion: A Roadmap for Next-Generation Batteries.”

“However, customers will ultimately require the top-shelf performance that only technologies beyond Li-ion can provide – and leading companies like BASF, Toyota, and IBM are placing large and early bets,” added Laslau.

Lux Research analysts assessed the next-generation batteries, dispelling hype and identifying obstacles, and built a next-generation energy storage roadmap. Among their findings:

— A roadmap for adoption. Cost-insensitive military applications will provide the entry point for next-generation batteries around 2020, while consumer electronics will follow a little later with significant adoption of solid-state batteries. However, next-generation batteries will face cost and technology hurdles in transportation.

— Cost parity in a decade. Next-generation batteries will become cost-competitive with Li-ion in 2024. Solid-state batteries will take until 2021 to reach $409/kWh, the current cost for Li-ion batteries. By 2030, most battery cells will drop in nominal cost to below $200/kWh on the cell level.

— Three early leaders emerging. Start-ups PolyPlus, Sion Power, and Oxis Energy have received ample funding and made technical headway. PolyPlus, funded by the U.S. Department of Energy, has developed a coating for protected lithium electrodes in Li-air and Li-S. Sion Power, backed by BASF, and Oxis Energy, financed by Sasol New Energy, own proprietary organic and polymer electrolytes for Li-S.

The report, titled “Beyond Lithium-Ion: A Roadmap for Next-Generation Batteries,” is part of the Lux Research Mobile Energy Intelligence service.

About Lux Research

Lux Research provides strategic advice and ongoing intelligence for emerging technologies. Leaders in business, finance and government rely on us to help them make informed strategic decisions. Through our unique research approach focused on primary research and our extensive global network, we deliver insight, connections and competitive advantage to our clients. Visit www.luxresearchinc.com for more information.

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20130319005170r1&sid=cmtx4&distro=nx

SOURCE: Lux Research

Lux Research, Inc. Carole Jacques, 617-502-5314 carole.jacques@luxresearchinc.com
Copyright Business Wire 2013

Source http://www.marketwatch.com/story/next-generation-batteries-eye-slice-of-10-billion-li-ion-market-2013-03-19

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