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From Technologies to Market
Technology & Market Report
From Technologies to Market
Beyond Li-ion
battery: present
and futu...
2
Biography & contact
ABOUT THE AUTHOR
Dr Milan ROSINA
Dr. Milan Rosina is a Senior Analyst for Energy Conversion & Emergi...
3
TABLE OF CONTENTS
Part 1/5
Introduction 8
Report Objectives 9
Who Should be Interested in this Report? 10
Scope of the r...
4
TABLE OF CONTENTS
Part 2/5
o Battery cell formats: cylindrical, prismatic and pouch
o New cell format: cylindrical 20700...
5
TABLE OF CONTENTS
Part 3/5
Li-ion Battery Supply Chain 154
o Key messages
o LIB supply chain overview
o Battery cell man...
6
TABLE OF CONTENTS
Part 4/5
Aqueous Sodium-ion Battery 207
o Key messages
o Sodium-ion battery types
o Advantages and dra...
7
TABLE OF CONTENTS
Part 5/5
Future Li-ion Battery Challengers 250
Lithium-sulfur Battery 252
o Key messages
o Lithium-sul...
8
REPORT OBJECTIVES
The objectives of the report are to:
• Provide an overview of the advanced battery market covering the...
9
SCOPE OF THE REPORT
Energy storage technologies analyzed
in the report:
• Li-ion battery technologies (LCO,
NMC, NCA, LF...
10
REPORT ORGANIZATION
Appendix:
Company profiles
of the key
companies
Li-ion battery applications & market
Li-ion battery...
11
Global battery
cell market
(GWh, $M)
OVERVIEW OF THE METHODOLOGY USED
• Our market
forecasts are
obtained from
both a b...
12
2015-2025 MARKET DEMAND FOR PRESENT AND FUTURE LI-ION CHALLENGERS
©2016 | www.yole.fr | Beyond Li-ion Battery: Present ...
13
WHERE IS THE “SWEET SPOT” FOR NEW BATTERY TECHNOLOGIES?
New battery
technology has to
provide a
significant added
value...
14
WHERE ARE THE LIMITATIONS/WEAK POINTS OF LI-ION BATTERIES?
Li-ion battery
technologies offer
the properties
that rather...
15
MAIN PLAYERS FOR LI-ION BATTERY CHALLENGERS
Higher energy density
Higher energy
density
provides an
added value for
all...
16
EXAMPLES OF LI-ION BATTERY INCIDENTS
Photos of the burned auxiliary power unit battery
manufactured by GS Yuasa from a ...
17
Commercialization
Lab-scale cells
Sub-cell
TIME-TO-MARKET FACTORS FOR NEW TECHNOLOGIES
It takes about
13 to more
than 2...
18
SOLID-STATE BATTERY: BULK BATTERYVS. MICROBATTERY
Solid-state
electrolyte is
a proven
technology
option for
microbatter...
19
Industrial players
FLOW BATTERY PLAYERS AND THEIR RELATIONSHIPS – OVERVIEW
R&D institutes Material
development/supply
C...
20
LI-ION CAPACITOR AS A PRIMARY AND SECONDARY POWER SOURCE
Li-ion
capacitors can
be used in
two ways – as
a primary and
s...
21
MAIN CHALLENGES FOR LITHIUM-AIR BATTERIES
Despite
several years
of research on
lithium-air
technology,
the strong
chall...
Appendix: Company Profiles
23
FARADION (UK)
Faradion, Ltd.
Developer of low-cost,non-aqueous sodium-ion (Na-ion) rechargeable batteries for residenti...
24
RELATED REPORTS
Discover more related reports
within our bundles here.
©2016 | www.yole.fr | Beyond Li-ion Battery: Pre...
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Beyond Li-ion Batteries: Present and Future Li-ion Technology Challengers 2016 Report by Yole Developpement

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Good news: battery demand is growing significantly. What is the beachhead for challengers to Li-ion battery technology?

Li-ion technology is a kind of universal battery technology. The parameters of various Li-ion chemistries can well satisfy most customer requirements for a large variety of applications including portable electronics, electric and hybrid electric vehicles (EV/HEV), and stationary battery energy storage. Demand for Li-ion batteries is ever-growing, driven especially by electric mobility (xEV) and stationary storage applications, and the market will reach $XXX by 2025. This report focuses on “Li-ion challengers”, i.e. the technologies with the potential to “challenge” Li-ion batteries in terms of performance, cost, etc. To this end, there is a relatively large variety of different battery technologies, some at the R&D stage and some already in commercial production. This report analyzes in detail the following technologies: sodium-sulfur (NAS), lithium-sulfur (Li-S), sodium-ion (Na-ion), magnesium-ion (Mg-ion), lithium-air (Li-air), zinc-air and flow batteries, and lithium-ion capacitors (LIC).The energy storage market for these technologies reached XXXX $M in 2015. According to Yole Développement’s estimates, the market value for Li-ion challengers will reach $ XXXM by 2025, with a 2015 - 2025 CAGR of XXX%. The majority of demand for present Li-ion battery technology challengers will come via utility-size stationary battery energy storage. Emerging battery technologies will find applications first in niche market segments with special requirements, namely in terms of energy density and safety: unmanned aerial vehicles, defense, etc. Future Li-ion challengers (i.e. technologies currently at the R&D stage) must overcome formidable technology challenges in order to achieve better performance/cost than Li-ion batteries. In the short-term, lithium-sulfur technology is considered the best candidate to reach sufficient technology maturity for wider commercial deployment.

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Beyond Li-ion Batteries: Present and Future Li-ion Technology Challengers 2016 Report by Yole Developpement

  1. 1. From Technologies to Market Technology & Market Report From Technologies to Market Beyond Li-ion battery: present and future Li-ion technology challengers © 2016
  2. 2. 2 Biography & contact ABOUT THE AUTHOR Dr Milan ROSINA Dr. Milan Rosina is a Senior Analyst for Energy Conversion & Emerging Materials at Yole Développement. Before joining Yole, he worked as a Research Scientist and a Project Manager in the fields of photovoltaics, microelectronics, and LED. Dr. Rosina has more than 15 years of scientific and industrial experience with prominent research institutions, an equipment maker, and a utility company. His expertise includes new equipment and process development, due diligence, technology, and market surveys in in the fields of renewable energies, energy storage, batteries, and innovative materials and devices. E-mail: rosina@yole.fr ©2016 | www.yole.fr | Beyond Li-ion Battery: Present and Future Li-ion Technology Challengers - SAMPLE
  3. 3. 3 TABLE OF CONTENTS Part 1/5 Introduction 8 Report Objectives 9 Who Should be Interested in this Report? 10 Scope of the report 11 Report Organization 12 Companies Cited in the Report 13 List of Abbreviations 14 Executive Summary 15 Li-ion Battery Applications 32 o Key messages o Portable electronics  Li-ion battery for consumer electronics – trends o Electric mobility  EV/HEV  Drivers for EV/HEV  CO2 reduction as a major factor for EV/HEV development  Electrification trends per geographical region  What are the remaining brakes for EV/HEV market?  Evolution of battery energy capacity per vehicle  Battery requirements for electric vehicles  Buses, trucks and other electric mobility products o Stationary battery energy storage  Battery energy storage and renewable electricity sources  Benefits of battery energy storage solutions for PV and wind  Benefits of battery energy storage solutions for electrical grid  Benefits of battery energy storage solutions for buildings  Stationary battery pack market segments  Stationary battery market drivers  Requirements on stationary battery systems  Stationary battery energy storage products Li-ion Battery Cost 57 Lithium-ion Battery Market 65 o Key messages o Li-ion battery cell costs o 2015 – 2025 lithium-ion battery market for portable electronics (GWh/y) o 2015 – 2025 lithium-ion battery market for e-mobility (GWh/y) o 2015 – 2025 lithium-ion battery market for stationary storage (GWh/y) o 2015 – 2025 total lithium-ion battery market (GWh/y) Li-ion BatteryTechnologies 74 o Key messages o Battery cell components and materials used o Why focus on Li-ion batteries? o Characteristics of today’s main battery technologies o Li-ion battery vs other battery types o Li-ion battery chemistries o Energy density of different Li-ion battery chemistries o Which Li-ion battery type for which application? o C-rate: energy cell vs. power cell o Lithium Polymer battery ©2016 | www.yole.fr | Beyond Li-ion Battery: Present and Future Li-ion Technology Challengers - SAMPLE
  4. 4. 4 TABLE OF CONTENTS Part 2/5 o Battery cell formats: cylindrical, prismatic and pouch o New cell format: cylindrical 20700 cell o From battery cell to battery system o Battery cell vs. battery module vs. Battery pack o Battery pack vs. battery system o How ancillary components impact battery pack characteristics o What is the better approach today: a new cell or better ancillary devices? o Battery pack – a multicomponent, multidisciplinary system o Why is battery development driven by EV/HEV? o Battery sizes and applications o Li-ion battery history o Li-ion battery technology maturity for the main applications Analysis of the Main Approaches for Li-ion Battery Challengers 101 o Key messages o Where is the “Sweet spot” for new battery technologies? o Where are the limitations/weak points of Li-ion batteries? o How can advanced batteries compete with lithium-ion technologies? o Main players for Li-ion battery challengers  Technology maturity  Higher energy density  Lower cost  Higher safety • Examples of Li-ion battery incidents • Recent case study: Samsung Galaxy Note 7  Fast charging • Li-ion battery types suitable for fast charging  Power density  Lower dependence on scarce material  Lower environmental impact  Cycle life  Others  Which battery characteristics are the most important for customers? Comparative Analysis of Present and Future Li-ion Challengers 134 o What is the ideal battery technology?  For EV/HEV applications  For smartphones and portable computers  For stationary battery energy storage o How does application positioning of a given technology impact its market potential? o Beyond li-ion technologies rising o Time-to-market assumptions for new technologies o Development timeline overview: present Li-ion challengers o Development timeline overview: future Li-ion challengers o Cell component developer vs. cell developer position o What is the added value of different battery technologies? – comparative table o Which battery technology for which applications? o 2015-2025 market for Li-ion technology challengers (MWh) o 2015-2025 market for Li-ion technology challengers ($M) ©2016 | www.yole.fr | Beyond Li-ion Battery: Present and Future Li-ion Technology Challengers - SAMPLE
  5. 5. 5 TABLE OF CONTENTS Part 3/5 Li-ion Battery Supply Chain 154 o Key messages o LIB supply chain overview o Battery cell manufacturers o Cell manufacturers and different battery markets o Battery pack manufacturers o Battery start-up: How to cross the ”dead valley” Focus on Solid-state Batteries 165 o Key messages o Solid-state battery principle and battery structure o Solid-state battery: bulk battery vs. microbattery o Liquid-electrolyte battery toward solid-state battery trends at Toyota o Why solid-state battery? o Challenges of solid-state batteries o Toyota EV/HEV battery development roadmap – solid-state battery o Solid-state battery players and their relationships – overview o solid-state battery companies – geographical positioning o Solid-state battery – recent M&A Present Li-ion Battery Challengers 177 Sodium-sulfur (NAS) Battery 179 o Key messages o Sodium-sulfur battery principle o Advantages and drawbacks of sodium-sulfur batteries o Sodium-sulfur battery applications o NAS battery: from cell to battery container o NAS battery deployment around the world o History of sodium-sulfur battery development at NGK Insulators o Overview of sodium-sulfur battery companies and their relationships o Sodium-sulfur battery companies – geographical positioning o Market potential for Sodium-sulfur batteries Flow Batteries 191 o Key messages o Flow battery principle o Classification of flow batteries o Advantages and drawbacks of flow batteries o Flow battery applications o Flow battery for residential applications – 10kWh battery from RedFlow o Sumitomo’s large-scale flow battery project for Hokkaido Electric Power o Flow battery products – energy capacity vs. power capacity o Flow battery players and their relationships – overview o Flow battery players o Flow battery players – geographical positioning o Recent M&A, exits o Market potential for flow batteries ©2016 | www.yole.fr | Beyond Li-ion Battery: Present and Future Li-ion Technology Challengers - SAMPLE
  6. 6. 6 TABLE OF CONTENTS Part 4/5 Aqueous Sodium-ion Battery 207 o Key messages o Sodium-ion battery types o Advantages and drawbacks of aqueous sodium-ion batteries o Example of an aqueous sodium-ion battery – Aquion Energy’s battery o Applications for aqueous sodium-ion batteries o Aqueous sodium-ion battery players and their relationships o Aqueous sodium-ion battery players – geographical positioning o Aqueous sodium-ion battery applications o Market potential for aqueous Sodium-Ion batteries Zinc-air Battery 217 o Key messages o Zinc-air battery principle o Advantages and drawbacks of zinc-air batteries o Zinc hybrid cathode battery from EOS Energy, and zinc-air battery from Fluidic Energy o Commercial batteries from EOS Energy and their pricing o Zinc-air battery players and their relationships o Zinc-air battery companies o Zinc-air battery – recent business exits o Zinc-air battery companies – geographical positioning o Zinc-air battery applications o Market potential for zinc-air batteries Lithium-ion Capacitor 229 o Key messages o Lithium-ion capacitor principle o Why Lithium-ion capacitor? o Main challenges for Lithium-ion capacitor o Comparison of electric double-layer capacitor, Li-ion capacitor, and Li-ion battery o Lithium-ion capacitor – a technology “between two walls” o Case study – a hybrid battery-EDLC system (Duke energy + Maxwell) o Lithium ion capacitor cell formats o Li-ion capacitor – examples of commercially available products o JM Energy Li-ion capacitor characteristics o Li-Ion capacitor as a primary and secondary power source o Li-ion capacitor applications o Lithium-ion capacitor players and their relationships o Lithium-ion capacitor manufacturers o Lithium-ion capacitor companies – geographical positioning o Recent movements within the Li-ion capacitor supply chain o Market potential for Lithium-ion capacitors ©2016 | www.yole.fr | Beyond Li-ion Battery: Present and Future Li-ion Technology Challengers - SAMPLE
  7. 7. 7 TABLE OF CONTENTS Part 5/5 Future Li-ion Battery Challengers 250 Lithium-sulfur Battery 252 o Key messages o Lithium-sulfur battery principle o Why lithium-sulfur batteries? o Main challenges for lithium-sulfur batteries o Lithium-sulfur battery applications o Overview of lithium-sulfur battery players and their relationships o Lithium-sulfur battery players o OXIS Energy Li-S cell technology roadmap o Lithium-sulfur battery R&D consortium ALISE o Lithium-sulfur battery players – geographical positioning o Where is the potential for Li-S battery improvement? o Market potential for lithium-sulfur batteries Organic-electrolyte Sodium-ion Battery 268 o Key messages o Sodium-ion battery types o Advantages and drawbacks of organic-electrolyte sodium-ion batteries o Organic-electrolyte sodium-ion battery cell format and energy density achieved o Organic-electrolyte sodium-ion battery players and their relationships – overview o Organic-electrolyte sodium-ion battery players o Organic-electrolyte sodium-ion battery players – geographical positioning o Market potential for organic-electrolyte sodium-Ion batteries Magnesium Battery 277 o Key messages o Magnesium battery principle and characteristics o Advantages and drawbacks of magnesium batteries o Magnesium battery electrolyte and cathode challenges o Magnesium battery applications o What is the real potential of magnesium batteries? o Magnesium battery players and their relationship o Magnesium battery players – geographical positioning o Market potential for magnesium batteries Lithium-air Battery 286 o Key messages o Lithium-air battery principle o Why lithium-air batteries? o Main challenges for lithium-air batteries o Lithium-air battery players and their relationships o Lithium-air battery players – geographical positioning o Lithium-air battery applications o Market potential for lithium-air batteries? Conclusion 295 Appendix: Company profiles 298 ©2016 | www.yole.fr | Beyond Li-ion Battery: Present and Future Li-ion Technology Challengers - SAMPLE
  8. 8. 8 REPORT OBJECTIVES The objectives of the report are to: • Provide an overview of the advanced battery market covering the three main application segments: portable electronics, electric mobility, stationary energy storage. • Illustrate the strong, consistently-growing market potential for battery players in the energy storage business • Offer deep insight into existing Li-ion chemistries and their future applicative potential • Identify existing and future advanced battery chemistries • Deliver an overview of Li-ion battery supply chains and the developers of current and future battery chemistries (Li-ion challengers). Provide company profiles for key companies. • Furnish an overview of existing Li-ion battery technology challengers, their advantages, challenges, main applications, and key developers/ suppliers. • Show an overview of future Li-ion battery technology challengers, their advantages, challenges, main applications, and key developers • Explain the needs of the different battery markets and analyze the added-values brought by Li-ion battery challengers • Analyze the drivers and technology challenges for battery makers, and provide a market forecast for advanced battery chemistries ©2016 | www.yole.fr | Beyond Li-ion Battery: Present and Future Li-ion Technology Challengers - SAMPLE
  9. 9. 9 SCOPE OF THE REPORT Energy storage technologies analyzed in the report: • Li-ion battery technologies (LCO, NMC, NCA, LFP…) • Present Li-ion battery challengers (NAS, Li-ion capacitors, flow batteries…) • Future Li-ion battery challengers e.g. “beyond Li-ion” technologies (solid-state batteries, lithium-sulfur batteries, magnesium batteries, lithium-air batteries… • The battery “technology ousiders” or technologies which are being overcome by Li-ion batteries in most applications (Lead-Acid, NiCd, NiMH) are not analyzed in this report. • The focus of the report is on the battery cells with the energy capacity > 1 Ah. • Li-ion capacitor has been analyzed here as a sole non-battery technology because of the common technology/application features with Li-ion batteries. • Other non-battery energy storage technologies (EDLC, thermal storage, flywheels, compressed air storage, etc.) have not been analyzed in this report. Performance/Cost Time Scope of this report (illustrative graph, not in scale) Yole Développement Present Li-ion battery challengers Lead-acid, NiCd, NiMH… Li-S, Li-Air, Sodium-ion… Scope of the report ©2016 | www.yole.fr | Beyond Li-ion Battery: Present and Future Li-ion Technology Challengers - SAMPLE
  10. 10. 10 REPORT ORGANIZATION Appendix: Company profiles of the key companies Li-ion battery applications & market Li-ion battery characteristics, performance and cost Li-ion battery vs. present and future challengers: comparison and analysis Weak point of Li-ion batteries and unmet customer needs Focus on Li-ion battery present challengers Focus Li-ion battery future challengers ©2016 | www.yole.fr | Beyond Li-ion Battery: Present and Future Li-ion Technology Challengers - SAMPLE
  11. 11. 11 Global battery cell market (GWh, $M) OVERVIEW OF THE METHODOLOGY USED • Our market forecasts are obtained from both a bottom- up and a top- bottom approach (Application pull and Technology push). • The top bottom approach starts from the global battery demand presented in the previous sections of this report. • For the bottom up, we have interviewed various players at different levels of the supply chain. Portable electronics Li-ion Mobility applications Stationary energy storage Li-ion present challenger #1 Beyond Li-ion #1 Cell market (GWh, $M) Li-ion present challenger #x Beyond Li-ion #x … … +Bottom-upchecks Cell market (GWh, $M) … Cell market (GWh, $M) Cell market (GWh, $M) … Cell market (GWh, $M) Drivers / barriers Cost Supply chain, Time- to-market Portable electronics Mobility Stationary energy storage Portable electronics Mobility Stationary energy storage Portable electronics Mobility Stationary energy storage Portable electronics Mobility Stationary energy storage Portable electronics Mobility Stationary energy storage Drivers / barriers Cost Supply chain, Time- to-market Drivers / barriers Cost Supply chain, Time- to-market Drivers / barriers Cost Supply chain, Time- to-market Drivers / barriers Cost Supply chain, Time- to-market Others ©2016 | www.yole.fr | Beyond Li-ion Battery: Present and Future Li-ion Technology Challengers - SAMPLE
  12. 12. 12 2015-2025 MARKET DEMAND FOR PRESENT AND FUTURE LI-ION CHALLENGERS ©2016 | www.yole.fr | Beyond Li-ion Battery: Present and Future Li-ion Technology Challengers - SAMPLE
  13. 13. 13 WHERE IS THE “SWEET SPOT” FOR NEW BATTERY TECHNOLOGIES? New battery technology has to provide a significant added value compared to Li-ion to go further than just until the first fund rising and first prototypes. Li-ion battery technology’ capabilities Customer’s needs New battery technology’ offerings “Sweet spot” sought by the developers of new battery technologies Market conditions Regulation Geopolitics Demography … To evaluate a potential of a new technology two players are important to consider: 1. Sweet spot size (as of today) 2. Sweet spot size evolution in time ©2016 | www.yole.fr | Beyond Li-ion Battery: Present and Future Li-ion Technology Challengers - SAMPLE
  14. 14. 14 WHERE ARE THE LIMITATIONS/WEAK POINTS OF LI-ION BATTERIES? Li-ion battery technologies offer the properties that rather well satisfy a large variety of applications. However, there are also some weak points. Li-ion battery weak points Energy density Cost Safety Limited cell /cycle life Power delivery and fast charging capability Operating temperature limitations Geopolitical issues related to lithium sourcing • Most applications require smaller and lightweight batteries with higher energy capacity. Despite a strong decrease of Li-ion battery costs in the last years, the cost is the main barrier for larger Li- ion battery deployment. • Liquid electrolytes used in Li-ion batteries are flammable • Thermal runaway issues. • Lithium dendrite formation • Lithium is very reactive in air. • It is difficult to reach high energy density and high cycle life • Lithium dendrite formation is one of the origins of shortened cell life. • “High power” cells are different from “high energy“ cells. • A cell with both high power and energy density is desired. • Battery life decreases with increasing temperature Although today not considered as a big thread, the dependence on a few sites with high lithium abundancy and low-cost of extraction for lithium salts may become an issue in the future ©2016 | www.yole.fr | Beyond Li-ion Battery: Present and Future Li-ion Technology Challengers - SAMPLE
  15. 15. 15 MAIN PLAYERS FOR LI-ION BATTERY CHALLENGERS Higher energy density Higher energy density provides an added value for all applications. Electric mobility Solution to driving range anxiety More space in the car, lightweight vehicle Stationary storage Larger storage capacity Smaller/lightweight battery systems Portable electronics Larger device power autonomy Smaller/lightweight battery systems Thin/flexible systems Battery thickness and size strongly impact the size and design of the final device Battery size and weight strongly impact the energy consumption and space available in the car Although less critical for large BESS systems, the size and weight of battery is important in storage system logistics, and for battery systems in buildings ©2016 | www.yole.fr | Beyond Li-ion Battery: Present and Future Li-ion Technology Challengers - SAMPLE
  16. 16. 16 EXAMPLES OF LI-ION BATTERY INCIDENTS Photos of the burned auxiliary power unit battery manufactured by GS Yuasa from a JAL Boeing 787 that caught fire on Jan. 7 at Boston's Logan International Airport A cell phone after a battery explosion A Dell laptop explosion caught on video during conference in Osaka in 2006. This prompted the 2006 Sony battery recall. A BYD EV citycab after the battery caught fire As a result of a crash-tested Chevrolet Volt that caught fire in June 2011 three weeks after the testing A Tesla S after a collision with un undetermined object triggered a fire in one of the battery module in 2013. This event resulted in the Tesla stock price losses of $2.2 billion in two days following the accident. LIB-powered emergency beacon caught fire on a Boeing 787 Dreamliner plane in July 2013 at Heathrow airport Tesla Model S 90 D has burned completely during the test drive in Biarritz, France in 2016 ©2016 | www.yole.fr | Beyond Li-ion Battery: Present and Future Li-ion Technology Challengers - SAMPLE
  17. 17. 17 Commercialization Lab-scale cells Sub-cell TIME-TO-MARKET FACTORS FOR NEW TECHNOLOGIES It takes about 13 to more than 26 years from new material synthesis to commercial battery applications. Time Material New class of materials synthetized Accelerated scenario (~13 years) Normal scenario (about ~26 years) Proven performance on sub-cell Proven performance lab-scale cell Material and cell production scale- up, cell qualification for different applications, scale-up battery pack 4 years 5 years 7 years 10 years 2 years 3 years 3 years 5 years Time-to-market for a new battery technology according toYole’s estimates. Yole Développement “Shortcut” players: compatibility with existing material/cell manufacturing equipment, compatibility with high-volume applications, a large number of players involved, huge R&D funding, etc. Proof of large-volume manufacturability ©2016 | www.yole.fr | Beyond Li-ion Battery: Present and Future Li-ion Technology Challengers - SAMPLE
  18. 18. 18 SOLID-STATE BATTERY: BULK BATTERYVS. MICROBATTERY Solid-state electrolyte is a proven technology option for microbattery, but yet too costly for bulk batteries. Thin-film solid-state batteries Bulk solid-state batteries 0.001 Ah $10 1 Ah – 70 Ah $ 10,000 – 700,000 (extrapolated) ≈ ≈ New materials New mfg. process New cell designs needed ! Technology approach proven in microbattery is not directly applicable for bulk batteries Yole Développement ©2016 | www.yole.fr | Beyond Li-ion Battery: Present and Future Li-ion Technology Challengers - SAMPLE
  19. 19. 19 Industrial players FLOW BATTERY PLAYERS AND THEIR RELATIONSHIPS – OVERVIEW R&D institutes Material development/supply Cell development System integratorBattery integrator Flow battery players (non-exhaustive list) Yole Développement EnSync Energy Systems was formerly known as ZBB Energy Corporation ©2016 | www.yole.fr | Beyond Li-ion Battery: Present and Future Li-ion Technology Challengers - SAMPLE
  20. 20. 20 LI-ION CAPACITOR AS A PRIMARY AND SECONDARY POWER SOURCE Li-ion capacitors can be used in two ways – as a primary and secondary power sources. • Use as a low-energy power source with ability to cover efficiently short periods of an increased power demand • Applications: • Solar lighting • UPS • Smart-meter power supply • Security sensors • Surveillance cameras • Use in hybrid systems with Li-ion batteries • LIC delivers the peak power, thus reducing the peak current from the battery and extending battery life and reducing battery size and cost. • Applications: • Grid-scale and industrial stationary battery systems (Energy back-up) Primary power source Secondary power source Time Time Power demand Power demand Li-ion battery Li-ion capacitor ©2016 | www.yole.fr | Beyond Li-ion Battery: Present and Future Li-ion Technology Challengers - SAMPLE
  21. 21. 21 MAIN CHALLENGES FOR LITHIUM-AIR BATTERIES Despite several years of research on lithium-air technology, the strong challenges remain. • O2 must be separated from H2O and CO2 • xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxx • Challenges associated with xxxxxxxxxxxxxxxxxxxxxxxxxxxxx • Stability of lithium metal anode and resulting capacity fade (short cycle life) • Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx • xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx • xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxx • xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxx • xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxx Porous-carboncathode O2 H2O CO2 Membrane The need of a membrane/filtration system is a cost and technology challenge for lithium-air technology, but also an opportunity for manufacturers of separators/filtration systems (Asahi Kasei, Johnson Matthey…) Li- air High energy density  small-size battery Li- air Additional cost, weight and volume and system complexity, more potential failure points Filtration membrane, air pump, etc. ©2016 | www.yole.fr | Beyond Li-ion Battery: Present and Future Li-ion Technology Challengers - SAMPLE
  22. 22. Appendix: Company Profiles
  23. 23. 23 FARADION (UK) Faradion, Ltd. Developer of low-cost,non-aqueous sodium-ion (Na-ion) rechargeable batteries for residential stationary energy storage and for electric mobility applications Founded 2010 Location Sheffield, UK Web site www.faradion.co.uk Company type Privately held 2015 Revenues No revenues yet (R&D stage) Employees 14 Energy storage Sodium-ion Cell chemistry • Sodium-ion (main focus of company’s R&D) • LiFePO4 Cell format Pouch cell (R&D) Cylindrical cell planned Product R&D stage; can supply prototype cells Applications and key customers • Stationary energy storage (Gen1) and later e-mobility (Gen2) Highlights • xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx • xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx • In 2016, Faradion has partnered with AGM Batteries (UK) to develop the technology for electric vehicles, delivering a working prototype for electric vehicles by 2018. • Faradion established its own prototype sodium-ion cell manufacturing line. • Faradion has also developed low-cost methods for the synthesis of LiFePO4 and other active materials. Faradion’s pouch cell and its structure ©2016 | www.yole.fr | Beyond Li-ion Battery: Present and Future Li-ion Technology Challengers - SAMPLE
  24. 24. 24 RELATED REPORTS Discover more related reports within our bundles here. ©2016 | www.yole.fr | Beyond Li-ion Battery: Present and Future Li-ion Technology Challengers - SAMPLE
  25. 25. ORDER FORM Beyond Li-ion Batteries: Present and Future Li-ion Technology Challengers SHIPPING CONTACT First Name: Email: Last Name: Phone: PAYMENT BY CREDIT CARD Visa Mastercard Amex Name of the Card Holder: Credit Card Number: Card Verification Value (3 digits except AMEX: 4 digits): Expiration date: BY BANK TRANSFER BANK INFO: HSBC, 1 place de la Bourse, F-69002 Lyon, France, Bank code: 30056, Branch code: 00170 Account No: 0170 200 1565  87, SWIFT or BIC code: CCFRFRPP, IBAN: FR76 3005 6001 7001 7020 0156 587 RETURN ORDER BY • FAX: +33 (0)472 83 01 83 • MAIL: YOLE DÉVELOPPEMENT, Le Quartz, 75 Cours Emile Zola, 69100 Villeurbanne/Lyon - France SALES CONTACTS • North America - Steve Laferriere: +13106 008 267 laferriere@yole.fr • Europe RoW - Lizzie Levenez: + 49 15 123 544 182 levenez@yole.fr • Japan Rest of Asia - Takashi Onozawa: +81 3 6869 6970 onozawa@yole.fr • Greater China - Mavis Wang: +886 979 336 809 wang@yole.fr • Specific inquiries: +33 472 830 180 – info@yole.fr (1) Our Terms and Conditions of Sale are available at www.yole.fr/Terms_and_Conditions_of_Sale.aspx The present document is valid 24 months after its publishing date: November 28, 2016 / ABOUT YOLE DEVELOPPEMENT BILL TO Name (Mr/Ms/Dr/Pr): Job Title: Company: Address: City: State: Postcode/Zip: Country*: *VAT ID Number for EU members: Tel: Email: Date: PRODUCT ORDER Please enter my order for above named report: One user license*: Euro 5,490 Multi user license: Euro 6,490 - The report will be ready for delivery from November 28, 2016 - For price in dollars, please use the day’s exchange rate. All reports are delivered electronically at payment reception. For French customers, add 20% for VAT I hereby accept Yole Développement’s Terms and Conditions of Sale(1) Signature: *One user license means only one person at the company can use the report. Founded in 1998, Yole Développement has grown to become a group of companies providing marketing, technology and strategy consulting, media in addition to corporate finance services. With a strong focus on emerging applications using silicon and/or micro manufacturing (technology or process), Yole Développement group has expanded to include more than 50 associates worldwide covering MEMS, Compound Semiconductors, LED, Image Sensors, Optoelectronics, Microfluidics Medical, Photovoltaics, Advanced Packaging, Manufacturing, Nanomaterials and Power Electronics. The group supports industrial companies, investors and RD organizations worldwide to help them understand markets and follow technology trends to develop their business. MEDIA EVENTS • i-Micronews.com, online disruptive technologies website • @Micronews, weekly e-newsletter • Communication webcasts services • Events: Yole Seminars, Market Briefings… More information on www.i-micronews.com CONTACTS For more information about : • Consulting Services: Jean-Christophe Eloy (eloy@yole.fr) • Financial Services: Jean-Christophe Eloy (eloy@yole.fr) • Report Business: Fayçal Khamassi (khamassi@yole.fr) • Press relations: Sandrine Leroy (leroy@yole.fr) CONSULTING • Market data research, marketing analysis • Technology analysis • Reverse engineering costing services • Strategy consulting • Patent analysis More information on www.yole.fr REPORTS • Collection of technology market reports • Manufacturing cost simulation tools • Component reverse engineering costing analysis • Patent investigation More information on www.i-micronews.com/reports FINANCIAL SERVICES • Mergers Acquisitions • Due diligence • Fundraising More information on Jean-Christophe Eloy (eloy@yole.fr)
  26. 26. Definitions: “Acceptance”: Action by which the Buyer accepts the terms and conditions of sale in their entirety. It is done by signing the purchase order which mentions “I hereby accept Yole’s Terms and Conditions of Sale”. “Buyer”: Any business user (i.e. any person acting in the course of its business activities, for its business needs) entering into the following general conditions to the exclusion of consumers acting in their personal interests. “Contracting Parties” or “Parties”: The Seller on the one hand and the Buyer on the other hand. “Intellectual Property Rights” (“IPR”) means any rights held by the Seller in its Products, including any patents, trademarks, registered models, designs, copyrights, inventions, commercial secrets and know-how, technical information, company or trading names and any other intellectual property rights or similar in any part of the world, notwithstanding the fact that they have been registered or not and including any pending registration of one of the above mentioned rights. “License”: For the reports and databases, 3 different licenses are proposed. The buyer has to choose one license: • One user license: one person at the company can use the report. • Multi-user license: the report can be used by unlimited users within the company. Subsidiaries and Joint-Ventures are not included. • Corporate license: purchased under “Annual Subscription” program, the report can be used by unlimited users within the company. Joint-Ventures are not included. “Products”: Depending on the purchase order, reports or database on MEMS, CSC, Optics/MOEMS, Nano, bio… to be bought either on a unit basis or as an annual subscription. (i.e. subscription for a period of 12 calendar months). The annual subscription to a package (i.e. a global discount based on the number of reports that the Buyer orders or accesses via the service, a global search service on line on I-micronews and a consulting approach), is defined in the order. Reports are established in PowerPoint and delivered on a PDF format and the database may include Excel files. “Seller”: Based in Lyon (France headquarters), Yole Développement is a market research and business development consultancy company, facilitating market access for advanced technology industrial projects. With more than 20 market analysts, Yole works worldwide with the key industrial companies, RD institutes and investors to help them understand the markets and technology trends. 1. SCOPE 1.1 The Contracting Parties undertake to observe the following general conditions when agreed by the Buyer and the Seller. ANY ADDITIONAL, DIFFERENT, OR CONFLICTING TERMS AND CONDITIONS IN ANY OTHER DOCUMENTS ISSUED BY THE BUYER AT ANY TIME ARE HEREBY OBJECTED TO BY THE SELLER, SHALL BE WHOLLY INAPPLICABLE TO ANY SALE MADE HEREUNDER AND SHALL NOT BE BINDING IN ANY WAY ON THE SELLER. 1.2 This agreement becomes valid and enforceable between the Contracting Parties after clear and non-equivocal consent by any duly authorized person representing the Buyer. For these purposes, the Buyer accepts these conditions of sales when signing the purchase order which mentions “I hereby accept Yole’s Terms and Conditions of Sale”. This results in acceptance by the Buyer. 1.3 Orders are deemed to be accepted only upon written acceptance and confirmation by the Seller, within [7 days] from the date of order, to be sent either by email or to the Buyer’s address. In the absence of any confirmation in writing, orders shall be deemed to have been accepted. 2. MAILING OF THE PRODUCTS 2.1 Products are sent by email to the Buyer: • within [1] month from the order for Products already released; or • within a reasonable time for Products ordered prior to their effective release. In this case, the Seller shall use its best endeavours to inform the Buyer of an indicative release date and the evolution of the work in progress. 2.2 Some weeks prior to the release date the Seller can propose a pre-release discount to the Buyer The Seller shall by no means be responsible for any delay in respect of article 2.2 above, and including incases where a new event or access to new contradictory information would require for the analyst extra time to compute or compare the data in order to enable the Seller to deliver a high quality Products. 2.3 The mailing of the Product will occur only upon payment by the Buyer, in accordance with the conditions contained in article 3. 2.4. The mailing is operated through electronic means either by email via the sales department or automatically online via an email/password. If the Product’s electronic delivery format is defective, the Seller undertakes to replace it at no charge to the Buyer provided that it is informed of the defective formatting within 90 days from the date of the original download or receipt of the Product. 2.5 The person receiving the Products on behalf of the Buyer shall immediately verify the quality of the Products and their conformity to the order. Any claim for apparent defects or for non-conformity shall be sent in writing to the Seller within 8 days of receipt of the Products. For this purpose, the Buyer agrees to produce sufficient evidence of such defects. . 2.6 No return of Products shall be accepted without prior information to the Seller, even in case of delayed delivery. Any Product returned to the Seller without providing prior information to the Seller as required under article 2.5 shall remain at the Buyer’s risk. 3. PRICE, INVOICING AND PAYMENT 3.1 Prices are given in the orders corresponding to each Product sold on a unit basis or corresponding to annual subscriptions. They are expressed to be inclusive of all taxes. The prices may be reevaluated from time to time. The effective price is deemed to be the one applicable at the time of the order. 3.2 Yole may offer a pre release discount for the companies willing to acquire in the future the specific report and agreeing on the fact that the report may be release later than the anticipated release date. In exchange to this uncertainty, the company will get a discount that can vary from 15% to 10%. 3.3 Payments due by the Buyer shall be sent by cheque payable to Yole Développement, credit card or by electronic transfer to the following account: HSBC, 1 place de la Bourse 69002 Lyon France Bank code: 30056 Branch code: 00170 Account n°: 0170 200 1565 87 BIC or SWIFT code: CCFRFRPP IBAN: FR76 3005 6001 7001 7020 0156 587 To ensure the payments, the Seller reserves the right to request down payments from the Buyer. In this case, the need of down payments will be mentioned on the order. 3.4 Payment is due by the Buyer to the Seller within 30 days from invoice date, except in the case of a particular written agreement. If the Buyer fails to pay within this time and fails to contact the Seller, the latter shall be entitled to invoice interest in arrears based on the annual rate Refi of the «BCE» + 7 points, in accordance with article L. 441-6 of the French Commercial Code. Our publications (report, database, tool...) are delivered only after reception of the payment. 3.5 In the event of termination of the contract, or of misconduct, during the contract, the Seller will have the right to invoice at the stage in progress, and to take legal action for damages. 4. LIABILITIES 4.1 The Buyer or any other individual or legal person acting on its behalf, being a business user buying the Products for its business activities, shall be solely responsible for choosing the Products and for the use and interpretations he makes of the documents it purchases, of the results he obtains, and of the advice and acts it deduces thereof. 4.2 The Seller shall only be liable for (i) direct and (ii) foreseeable pecuniary loss, caused by the Products or arising from a material breach of this agreement 4.3 In no event shall the Seller be liable for: a) damages of any kind, including without limitation, incidental or consequential damages (including, but not limited to, damages for loss of profits, business interruption and loss of programs or information) arising out of the use of or inability to use the Seller’s website or the Products, or any information provided on the website, or in the Products; b) any claim attributable to errors, omissions or other inaccuracies in the Product or interpretations thereof. 4.4 All the information contained in the Products has been obtained from sources believed to be reliable. The Seller does not warrant the accuracy, completeness adequacy or reliability of such information, which cannot be guaranteed to be free from errors. 4.5 All the Products that the Seller sells may, upon prior notice to the Buyer from time to time be modified by or substituted with similar Products meeting the needs of the Buyer. This modification shall not lead to the liability of the Seller, provided that the Seller ensures the substituted Product is similar to the Product initially ordered. 4.6 In the case where, after inspection, it is acknowledged that the Products contain defects, the Seller undertakes to replace the defective products as far as the supplies allow and without indemnities or compensation of any kind for labor costs, delays, loss caused or any other reason. The replacement is guaranteed for a maximum of two months starting from the delivery date. Any replacement is excluded for any event as set out in article 5 below. 4.7 The deadlines that the Seller is asked to state for the mailing of the Products are given for information only and are not guaranteed. If such deadlines are not met, it shall not lead to any damages or cancellation of the orders, except for non acceptable delays exceeding [4] months from the stated deadline, without information from the Seller. In such case only, the Buyer shall be entitled to ask for a reimbursement of its first down payment to the exclusion of any further damages. 4.8 The Seller does not make any warranties, express or implied, including, without limitation, those of sale ability and fitness for a particular purpose, with respect to the Products. Although the Seller shall take reasonable steps to screen Products for infection of viruses, worms, Trojan horses or other codes containing contaminating or destructive properties before making the Products available, the Seller cannot guarantee that any Product will be free from infection. 5. FORCE MAJEURE The Seller shall not be liable for any delay in performance directly or indirectly caused by or resulting from acts of nature, fire, flood, accident, riot, war, government intervention, embargoes, strikes, labor difficulties, equipment failure, late deliveries by suppliers or other difficulties which are beyond the control, and not the fault of the Seller. 6. PROTECTION OF THE SELLER’S IPR 6.1 All the IPR attached to the Products are and remain the property of the Seller and are protected under French and international copyright law and conventions. 6.2 The Buyer agreed not to disclose, copy, reproduce, redistribute, resell or publish the Product, or any part of it to any other party other than employees of its company. The Buyer shall have the right to use the Products solely for its own internal information purposes. In particular, the Buyer shall therefore not use the Product for purposes such as: • Information storage and retrieval systems; • Recordings and re-transmittals over any network (including any local area network); • Use in any timesharing, service bureau, bulletin board or similar arrangement or public display; • Posting any Product to any other online service (including bulletin boards or the Internet); • Licensing, leasing, selling, offering for sale or assigning the Product. 6.3 The Buyer shall be solely responsible towards the Seller of all infringements of this obligation, whether this infringement comes from its employees or any person to whom the Buyer has sent the Products and shall personally take care of any related proceedings, and the Buyer shall bear related financial consequences in their entirety. 6.4 The Buyer shall define within its company point of contact for the needs of the contract. This person will be the recipient of each new report in PDF format. This person shall also be responsible for respect of the copyrights and will guaranty that the Products are not disseminated out of the company. 6.5 In the context of annual subscriptions, the person of contact shall decide who within the Buyer, shall be entitled to access on line the reports on I-micronews.com. In this respect, the Seller will give the Buyer a maximum of 10 password, unless the multiple sites organization of the Buyer requires more passwords. The Seller reserves the right to check from time to time the correct use of this password. 6.6 In the case of a multisite, multi license, only the employee of the buyer can access the report or the employee of the companies in which the buyer have 100% shares. As a matter of fact the investor of a company, the joint venture done with a third party etc..cannot access the report and should pay a full license price. 7. TERMINATION 7.1 If the Buyer cancels the order in whole or in part or postpones the date of mailing, the Buyer shall indemnify the Seller for the entire costs that have been incurred as at the date of notification by the Buyer of such delay or cancellation. This may also apply for any other direct or indirect consequential loss that may be borne by the Seller, following this decision. 7.2 In the event of breach by one Party under these conditions or the order, the non-breaching Party may send a notification to the other by recorded delivery letter upon which, after a period of thirty (30) days without solving the problem, the non-breaching Party shall be entitled to terminate all the pending orders, without being liable for any compensation. 8. MISCELLANEOUS All the provisions of these Terms and Conditions are for the benefit of the Seller itself, but also for its licensors, employees and agents. Each of them is entitled to assert and enforce those provisions against the Buyer. Any notices under these Terms and Conditions shall be given in writing. They shall be effective upon receipt by the other Party. The Seller may, from time to time, update these Terms and Conditions and the Buyer, is deemed to have accepted the latest version of these terms and conditions, provided they have been communicated to him in due time. 9. GOVERNING LAW AND JURISDICTION 9.1 Any dispute arising out or linked to these Terms and Conditions or to any contract (orders) entered into in application of these Terms and Conditions shall be settled by the French Commercial Courts of Lyon, which shall have exclusive jurisdiction upon such issues. 9.2 French law shall govern the relation between the Buyer and the Seller, in accordance with these Terms and Conditions. TERMS AND CONDITIONS OF SALES 
  27. 27. Yole Développement FromTechnologies to Market
  28. 28. 26©2016 | www.yole.fr | About Yole Développement MEMS Sensors LED Compound Semi. Imaging Photonics MedTech Manufacturing Advanced Packaging Batteries / Energy Management Power Electronics FIELDS OF EXPERTISE Yole Développement’s 30 analysts operate in the following areas
  29. 29. 27 4 BUSINESS MODELS o Consulting and Analysis • Market data research, marketing analysis • Technology analysis • Strategy consulting • Reverse engineering costing • Patent analysis www.yole.fr o Reports • Market Technology reports • Patent Investigation and patent infringement risk analysis • Teardowns Reverse Costing Analysis • Cost SimulationTool www.i-Micronews.com/reports o Financial services • MA (buying and selling) • Due diligence • Fundraising • Maturation of companies • IP portfolio management optimization www.yolefinance.com www.bmorpho.com o Media • i-Micronews.com website • @Micronews e-newsletter • Communication webcast services • Events www.i-Micronews.com
  30. 30. 28 A GROUP OF COMPANIES Market, technology and strategy consulting www.yole.fr MA operations Due diligences www.yolefinance.com Fundraising Maturation of companies IP portfolio management optimization www.bmorpho.com Manufacturing costs analysis Teardown and reverse engineering Cost simulation tools www.systemplus.fr IP analysis Patent assessment www.knowmade.fr
  31. 31. 29 OUR GLOBAL ACTIVITY
  32. 32. 30 SERVING THE ENTIRE SUPPLY CHAIN Our analysts provide market analysis, technology evaluation, and business plan along the entire supply chain Integrators and end-users Device makers Suppliers: material, equipment, OSAT, foundries… Financial investors, RD centers
  33. 33. 31 CONTACT INFORMATION Follow us on • Consulting and Specific Analysis • North America: Steve LaFerriere, Director of Northern America Business Development Email: laferriere@yole.fr • Asia:Takashi Onozawa, Representative Director,Yole KK. Email: onozawa@yole.fr • RoW: Jean-Christophe Eloy, CEO President,Yole Développement Email eloy@yole.fr • Report business • North America: Steve LaFerriere, Director of Northern America Business Development Email: laferriere@yole.fr • Europe: Lizzie Levenez, EMEA Business Development Manager Email: levenez@yole.fr • Japan Asia:Takashi Onozawa, Representative Director,Yole KK. Email: onozawa@yole.fr • Taiwan: Mavis Wang, Business Development Director Email: wang@yole.fr • Financial services • Jean-Christophe Eloy, CEO President Email: eloy@yole.fr • General • Email: info@yole.fr

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