Inlyte Energy Challenges Lithium-Ion Dominance with Iron-Sodium Battery Tech
Inlyte Energy, a trailblazing startup, aims to revolutionize the energy storage landscape. Its goal is to provide solar-plus-storage public storage at a cost lower than fossil fuels, challenging the dominance of lithium-ion batteries.
Founded in 2021 by Antonio Baclig, Inlyte Energy focuses on commercializing an iron and table salt-based energy storage battery design from the 1980s. After surveying battery science, Baclig chose the iron-sodium battery chemistry for its potential.
Inlyte's journey began with an international acquisition of Beta Research, the original pioneer of the iron-salt battery technology. This strategic move preceded the company's seed funding round, closed in 2023 at $8 million. Since then, Inlyte has scaled up its battery cells to hold 20 times the energy of previous, EV-oriented cells.
The company's battery system boasts a dirt-cheap cost of materials and a simpler manufacturing process. Its system-level round-trip efficiency is on par with lithium-ion battery systems, making it a viable alternative for mass deployments of storage in a renewable energy grid.
Inlyte has secured its first major utility contract with Southern Co. for an 80-kilowatt/1.5-megawatt-hour demonstration project near Birmingham, Alabama. This project is a crucial step in proving the viability of Inlyte's technology for storage units near me and utility-scale installations.
Inlyte Energy's innovative iron-sodium battery technology has the potential to disrupt the energy storage market. With a successful seed round and a major utility contract in place, the company is poised to challenge dominant lithium-ion batteries and provide affordable, renewable energy storage near me solutions.
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