Commercialization of Lithium Titanate Batteries

The use of products that contain batteries is increasing exponentially due to energy transition and improvements in battery technology. Therefore, using safe and efficient batteries with a longer lifetime, less environmental emissions, and higher power capacity is beneficial for the environment, economy, and energy sectors. Batteries under consideration are as replacements for those currently utilized in 1) vehicles as starter batteries, 2) remote, emergency, and critical infrastructure as a backup for renewable energies, and 3) conventional gasoline or diesel generators as storage. The lithium titanate oxide (LTO) battery is a relative-newcomer among different Li-ion batteries that have an extremely long expected lifetime and has an excellent performance in low-temperature; thus, their use is likely to grow in applications where the weather is cold for extended periods of time, as well as for when mass, lifespan, energy or power density is an essential consideration. The partner organization wants to sell these more reliable batteries to customers. The only problem with the LTO battery is its price which is 2-4 times more than the other batteries. This project will compare the benefits and challenges of this battery to its competitors (Lithium-ion and Lead-acid batteries) and study the leasing/rent options to make them economically feasible. The project can help the partner company find the best market and business model to make the LTO batteries financially feasible.

Faculty Supervisor:

Sathish Ponnurangam

Student:

Partner:

Battery Advancement

Discipline:

Engineering

Sector:

Manufacturing

University:

University of Calgary

Program: