Oxis Energy, an Oxford, U.K.-based developer of lithium sulfur (Li-S) battery storage technology, has revealed that it will work with green energy company Anesco next year on the roll out of its latest product.
The storage developer announced in late June that it will sell its Li-S batteries in the U.K. early next year, having already demonstrated the batterys efficacy and performance during testing for Project Helios a development and demonstration program set up in collaboration with Proinso.
Now, Oxis Energy will collaborate with Anesco which specializes in educating homeowners, businesses and local authorities on way to lower their carbon emissions and improve their energy efficiency to introduce its Li-S batteries to the commercial and residential renewables market.
The Li-S technology developed by Oxis is touted as a safer, reliable and environmentally friendly alternative to lithium-ion (Li-ion) storage technology. Speaking to pv magazine in June, Oxis spokeswoman Gaenor Howells revealed that the company is targeting a price of $250/kWh by 2020.
"The overall cost of the materials is less an example of this is sulfur, key to the technology, which costs under $200 per tone," said Howells. "The predicted cost of lithium sulfur when production is ramped up is lower than competing lithium-ion technologies."
In terms of performance, the Li-S battery is nearly five times as powerful as its counterparts, and is easier to install and safer to maintain, Oxis claims
Anesco CEO Adrian Pike said that the company was "delighted" to be working with Oxis. "The team has developed this innovative technology right here in the U.K. and we believe it has fantastic potential, Pike added. As a company, we are always focused on bringing the latest technologies and methods of best practice to our customers and continue to be first to introduce and model how such innovations can work."
Oxis CEO Huw Hampson-Jones stressed the role storage plays and will continue to play in helping the U.K. and other countries achieve renewable grid parity. "As the Oxis technology becomes commercially available, it will contribute significantly to grid parity of renewable installations such as solar PV and is a major shift in how energy is produced and consumed, as it reduces C02 emissions while reducing electricity bills at the same time."