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Lithium-Ion Battery Pack Prices Hit Record Low of $139/kWh

BloombergNEF

BloombergNEF’s annual battery price survey finds a 14% drop from 2022 to 2023 New York, November 27, 2023 – Following unprecedented price increases in 2022, battery prices are falling again this year.

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LFP cell average falls below US$100/kWh as battery pack prices drop to record low in 2023

Energy Storage News

After a difficult couple of years which saw the trend of falling lithium battery prices temporarily reverse, a 14% drop in lithium-ion (Li-ion) battery pack cost from 2022-2023 has been recorded by BloombergNEF.

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Researchers develop cobalt-free lithium-ion battery

Charged

A team including University of Tokyo researchers has presented a viable alternative to cobalt metal that it says can outperform current lithium-ion battery (LIB) chemistry. The researchers claim that the new electrodes and electrolyte are cobalt-free, improve battery chemistry, and last for many recharge cycles. CC-BY-ND

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EV lithium consumption rises 40% in 2023, led by Europe and Americas

Charged

Adamas Intelligence data shows that 408,214 tonnes of lithium carbonate equivalent (LCE) were deployed globally in new passenger EV batteries last year, up by 40% from 2022. Europe and the Americas accounted for 40% of global deployment, rising by 38% to 163,423 tons in 2023. Source: Adamas Intelligence

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Vulcan Energy reports progress on geothermal lithium operations in Germany

ThinkGeoEnergy

Vulcan Energie Ressourcen GmbH (Vulcan Energy) has recently made two announcements on their geothermal lithium operations in Germany – the first extraction of lithium chloride from the company’s Landau facility, and the topping-out ceremony of their facility in Frankfurt-Höchst.

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Ensuring safe and reliable lithium-ion battery performance

Charged

According to an article in Forbes, 2023 was the first time more than 1 million EVs were sold in the U.S. It is, therefore, important to remove heat from battery and powertrain components efficiently. What is Battery Safety? These are applied in between heat source (battery) and heat sink (cooling plate/ribbon).

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E3 Lithium discovers high lithium concentrations in Alberta’s Nisku Aquifer

Charged

The Canadian province of Alberta, currently the country’s top producer of petroleum, could soon be producing substantial quantities of lithium. E3 Lithium sampled brine in the Nisku from six well locations in its Clearwater Project Area, and found lithium concentrations as high as 87 mg/L. Source: E3 Lithium

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