QuantumScape Corporation and Fluence Energy have announced a multi-year agreement to introduce solid-state lithium-metal battery technology to stationary energy storage applications.
The strategic relationship brings together two companies leading in technology innovation focused on accelerating clean energy adoption and reducing global carbon emissions.
The companies will collaborate on what they believe to be a first-of-its-kind solution to incorporate QuantumScape’s battery technology into Fluence stationary energy storage products as specific technical and commercial milestones are met.
A $385-billion market
Stationary energy storage installations are expected to grow by more than 2,000 per cent from 2020 to 2030, representing a $385-billion global market opportunity. The transition to cleaner energy systems will require cost-effective technologies that increase energy reliability and grid resilience, and better manage demand to cover deficits and prevent power outages.
Strengths
As a leader in stationary storage, Fluence has consistently pioneered new applications for battery-based storage on the electric grid, from replacing natural gas peaker plants to enhancing transmission networks. QuantumScape’s solid-state lithium-metal technology has the potential to improve these solutions by offering higher energy density battery cells that can store more energy in less space than today’s leading lithium-ion batteries.
Also read: Bloom Energy To Set Up India’s First Hydrogen-Based Energy Storage Project
QS-0
Along with the agreement, which reserves batteries produced by QuantumScape’s pre-pilot production facility, QS-0, the companies will work together to validate and test QuantumScape solid-state battery cells for use in Fluence’s proprietary stationary storage products. The companies expect to enter into a large-scale supply agreement in the course of the collaboration.
Featured photograph sourced from QuantumScape
