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

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.”

Read more at: http://www.forbes.com/sites/williampentland/2015/01/05/u-s-navy-buys-81-million-lithium-iron-battery/

 

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