28 Jun '16, 9pm

Stem CTO: Lithium-Ion Battery Prices Fell 70% in the Last 18 Months

Tesla's battery factory gets a lot of attention. When completed, the so-called Gigafactory will manufacture more lithium-ion batteries each year than were produced globally in 2013. That will help push prices further downward. But a few other large producers -- LG Chem, Panasonic and Samsung -- are already making batteries at unprecedented scale . There are numerous giga-scale factories producing cells and battery packs for electric cars and stationary applications throughout Asia. And the recent wave of capacity is already impacting pricing in a big way. According to Larsh Johnson, the chief technology officer of Stem, the company is paying 70 percent less for lithium-ion batteries than it was 18 months ago. "It’s happening. The capacity is out there," said Johnson in an interview. "The momentum continues." Stem has installed 68 megawatt-hours of batteries for commercial ...

Full article: http://www.greentechmedia.com/articles/read/stem-cto-weve...

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