U.S. Navy Buys $81 Million Lithium-Iron Battery

Posted on January 5, 2015 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

Energy storage technology just got a big boost courtesy of Uncle Sam’s Canoe Club, also known as the U.S. Navy.

The Naval Sea Systems Command awarded an $81 million contract to K2 Energy Solutions, a developer and manufacturer of lithium-iron phosphate battery technology based in Henderson, Nevada, to design an energy storage system capable of powering “a large modular capacitor bank for the electromagnetic railgun.”