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Scientific Research Shows Batteries Can Bring Cost Savings to the Electric Vehicle Market

March 18, 2022
In Tech
Scientific Research Shows Batteries Can Bring Cost Savings to the Electric Vehicle Market
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Lithium-ion batteries are at the heart of electric vehicles and other emerging technologies. They offer benefits such as higher energy density, shorter charging time, low self-discharge loss and power density.

However, researchers continue to seek to perfect this technology to make them more accessible to the market. In this vein, a group of scientists at the Massachusetts Institute of Technology (MIT) discovered that a piece of equipment that is more than 100 years old could be the key to introducing other innovations, such as iron-iron batteries.

These are iron-air batteries, invented in 1878, which have a much higher energy density than lithium-ion batteries at a fraction of the cost, but were impractical to recharge because they oxidize.

Read also: Airspeeder Confirms High Caliber Acquisition: Bruno Senna

Scientists have overcome this flaw through a process called “reverse oxidation” that allows the new design to charge and discharge energy. The method allows the iron-air battery to provide 100 hours of clean electricity at a cost of $20 kilowatts per hour, compared to $200 kilowatts per hour for lithium-ion batteries.

An Option for Fighting Climate Change

While Lithium-ion batteries are well entrenched in the electric vehicle market, these old-fashioned devices can act as an alternative to reduce costs and further improve their impact on the environment.

Yet-Ming Chiang, Electrochemistry Professor at MIT to Popular Science, noted that commercial production of iron-air batteries can be scaled up for energy storage and help mitigate climate change by mid-century.

Massachusetts Institute of Technology

He explained that by reversing the electrical current, the battery deoxidizes. “Depending on whether the battery is discharging or charging, electrons are removed or added to the iron.”

With a vision to develop this technology, Chiang founded a startup called Form Energy, where he will seek to commercialize this project and rapidly drive carbon-free energy solutions.

Written by I Jhonattan González

Tags: Electric carsElectric Mobility
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