Advanced Battery Weekly

Transcription

1 Summary: For the November 20 th issue of NAATBatt s Advanced Battery Weekly, we highlight recent sector activities. The NAATBatt Index was relatively flat w/w, while the U.S. and Asia Indices each declined 2.9% w/w. The S&P 500 was down 1.2% w/w and the Russell 2000 at 2.4% w/w. Executive Director James Greenberger writes that the manufacture and supply of thin film, solid state batteries to power the internet of things (IoT) may provide an interesting new opportunity for traditional battery companies. Read The Internet of Things Offers New Opportunities for Battery Makers in the Executive Director's Notes section of the newsletter below. Key Highlights: Audi has announced its plan for electrification in which it expects at least 25% of its sales in North America to be electric vehicles (EVs) by The company is also developing a nationwide charging network that would provide an 80% charge to the e-tron quattro SUV in only 30 minutes and providing a driving range of 200 miles. Kia Motors has unveiled its five-year plan for green car leadership. This includes an investment of $10.2 billion by parent company, Hyundai Motor Group to support the development efforts. Watt Lab, which belongs to the Central Research Institute at Huawei Technology Corporation Limited, has unveiled fast charging lithium-ion (li-ion) batteries. The batteries have achieved a charging speed 10x faster than that of normal batteries, reaching about 50% capacity in minutes. Saft has signed an on-board battery system replacement with SNCF. The company is helping the national state-owned railway operator to migrate its entire fleet of over 200 TER 2N NG (doubledecker new generation) trainsets to nickel-based batteries (from lead acid batteries) that should provide improved performance and reliability over a long service life. Nine Proterra electric buses (ebuses) are in operation as part of the Nashville Metropolitan Transit Authority (MTA) fleet. The Fast Fill charging system allows for a full charge in less than 10 minutes with the driving distance of the bus being 26 miles or more on a single charge. The Renault-Nissan Alliance is installing 90 charge spots for electric vehicles (EVs) in and around Paris for the COP21 global summit on climate change. The installation is being done in partnership with EDF, Schneider Electric, Aéroports de Paris, Paris City Council and SNCF. A driverless ebus has been approved for its first commercial deployment, with a pilot program set to kick off next spring in the city of Sion, Switzerland. The program is a cooperation between PostBus and BestMile, which provides technology responsible for the actual navigation of these buses. Ryerson University in Toronto and ecamion have unveiled a pilot project that allows energy to be stored in a unit that sits on hydro poles. The storage unit combined with a smart controller developed by Ryerson researchers and students enables utilities such as Toronto Hydro to store power, integrate more renewable power and improve the reliability of the system Motors announced that the all carbon fiber e-go EV has arrived in the United States. The EV is comprised of a carbon fiber body and an all aluminum space age racing frame that weighs under 1,500 lbs including its battery pack.

2 A Few More Details: Advanced Battery Weekly Audi has announced its plan for electrification in which it expects at least 25% of its sales in North America to be EVs by The company is also developing a nationwide charging network that would provide an 80 percent charge to the SUV model in only 30 minutes, allowing the electric vehicle to drive 200 miles. The plan will begin this year with the Audi A3 Sportback e-tron plug-in hybrid model in addition to the recently announced e-tron quattro SUV. Source: CNBC Kia Motors has unveiled its five-year plan for green car leadership. This includes an investment of $10.2 billion by parent company, Hyundai Motor group to support the development efforts. The objectives of the plan include: Roadmap includes clean combustion, hybrid- and pure- electric vehicles, and hydrogen fuel cells; Green car line-up growing to 11 models (from 4 models) by 2020; Hydrogen fuel cell vehicle production within five years; Improving average fuel efficiency by 25% over 2014 levels; and, 70% of current engine range set to be replaced by more efficient units Source: Kia Motors Watt Lab, which belongs to the Central Research Institute at Huawei Technology Corporation Limited, has unveiled fast charging li-ion batteries. The batteries have achieved a charging speed 10x faster than that of normal batteries, reaching about 50% capacity in minutes. The company presented the two types of quick charging lithium-ion batteries: one battery with a 600 mah (milliamp-hour) capacity that can be charged to 68% capacity in two minutes; and another with a 3000 mah capacity and an energy density above 620 Wh/L (watt-hours/liter) that can be charged to 48% capacity in five minutes to allow ten hours of phone call on Huawei mobile phones. Source: Huawei Saft has signed an on-board battery system replacement contract valued at around 4 million (~$4.3 million) with SNCF. The company is helping the national state-owned railway operator to migrate its entire fleet of over 200 TER 2N NG (double-decker new generation) trainsets to nickel-based batteries (from lead acid batteries) that should provide improved performance and reliability over a long service life. The contract covers the supply of a total of 284 battery systems for the SNCF double-decker trainsets, made of 54 MRX130 batteries. Source: Saft Nine Proterra ebuses are in operation as part of the Nashville Metropolitan Authority (MTA) fleet. The ebuses are charged at Riverfront Station with a second station planned near the Bicentennial Mall. The Fast Fill charging system allows for a full charge in less than 10 minutes with the driving distance of the bus being 26 miles or more on a single charge. Source: Nashville Metropolitan Transit Authority (MTA) The Renault-Nissan Alliance is installing 90 new charge spots for EVs in and around Paris for the COP21 global summit on climate change. The installation is being done in partnership with French energy provider EDF, Schneider Electric, Aéroports de Paris, Paris City Council and SNCF, France s national railway company. Fourteen of the 27 quick chargers installed will remain after the climate change conference and will be available for the public to use. These include two at Charles de Gaulle Airport, two on the Paris périphérique highway and one at Orly Airport. Source: Renault A driverless ebus has been approved for its first commercial deployment, with a pilot program set to kick off next spring in the city of Sion, Switzerland. The program is a cooperation between PostBus and

3 BestMile, which provides technology responsible for the actual navigation of these buses. The city will use two Navya Arma buses Source: BGR Ryerson University in Toronto and ecamion have unveiled a pilot project that allows energy to be stored in a unit that sits on hydro poles. The storage unit combined with a smart controller developed by Ryerson researchers and students enables utilities such as Toronto Hydro to store power, integrate more renewable power and improve the reliability of the system. The unit uses li-ion batteries that charge during off-peak hours of hydro usage and discharge during peak hours. Source: The Globe and Mail 2050 Motors announced that the all carbon fiber e-go EV has arrived in the United States. The EV is comprised of a carbon fiber body and an all aluminum space age racing frame that weighs under 1,500 lbs including its battery pack. The Ibis, a full size luxury sedan, is expected to arrive soon. Source: 2050 Motors Exhibit 1: Indices Performance (From January 7, 2013) (Indexed to 100) 300 Tesl?a Motors at /29/2013 2/12/2013 2/26/2013 3/12/2013 3/26/2013 4/9/2013 4/23/2013 5/7/2013 5/21/2013 6/4/2013 6/18/2013 7/2/2013 7/16/2013 7/30/2013 8/13/2013 8/27/2013 9/10/2013 9/24/ /8/ /22/ /5/ /19/ /3/ /17/ /31/2013 1/14/2014 1/28/2014 2/11/2014 2/25/2014 3/11/2014 3/25/2014 4/8/2014 4/22/2014 5/6/2014 5/20/2014 6/3/2014 6/17/2014 7/1/2014 7/15/2014 7/29/2014 8/12/2014 8/26/2014 9/9/2014 9/23/ /7/ /21/ /4/ /18/ /2/ /16/ /30/2014 1/13/2015 1/27/2015 2/10/2015 2/24/2015 3/10/2015 3/24/2015 4/7/2015 4/21/2015 5/5/2015 5/19/2015 6/2/2015 6/16/2015 6/30/2015 7/14/2015 7/28/2015 8/11/2015 8/25/2015 9/8/2015 9/22/ /6/ /20/ /3/2015 NASDAQ Composite Index Russell 2000 AMEX Cleantech Index NAATBatt Index Advanced Battery U.S. Index Advanced Battery Asia Index Tesla Motors LG Chem Johnson Controls

4 Exhibit 2: Indices Performance Close on 52-Wk % of 52-Wk Performance Index 11/16/2015 High High LTM YTD Week Dow 17, , % (0.8%) 30.3% (1.4%) S&P 500 2, , % 0.6% 40.4% (1.2%) NASDAQ 4, , % 6.6% 60.2% (2.2%) Russell , , % (0.8%) 32.4% (2.4%) AMEX Cleantech Index 1, , % (2.8%) 21.2% Source: Bloomberg and ThomsonOne (2.4%) Exhibit 3: Supplier Performance (From January 7, 2013) (Indexed to 100) /7/2013 3/7/2013 5/7/2013 7/7/2013 9/7/ /7/2013 1/7/2014 3/7/2014 5/7/2014 7/7/2014 9/7/ /7/2014 1/7/2015 3/7/2015 5/7/2015 7/7/2015 9/7/ /7/2015 FMC Corp (Lithium Supplier) Polypore International (Separators) ABB Toray Industries Inc. (Separator supplier) Hirano Tecseed Co. (Coater supplier) Albemarle Sociedad Quimica y Minera de Chile S.A. Inoue Kinzoku Kogyo Ltd. (Coater supplier) Source: Bloomberg Exhibit 4: Commodity Prices Price on Price on Price on 1 Week 1 Month Commodity 11/16/ /9/ /16/2015 Change Change LME Copper (Cash, $ per tonne) 4,765 4,990 5,265 (4.5%) (9.5%) LME Lead (cash, $ per tonne) 1,596 1,651 1,793 (3.3%) (11.0%) LME Nickel (cash, $ per tonne) 9,400 9,590 10,455 (2.0%) Source: LME (10.1%)

5 Exhibit 5: Natural Gas and Crude Oil (From January 3, 2013) Advanced Battery Weekly (Indexed to 100) /3/2013 2/3/2013 3/3/2013 4/3/2013 5/3/2013 6/3/2013 7/3/2013 8/3/2013 9/3/ /3/ /3/ /3/2013 1/3/2014 2/3/2014 3/3/2014 4/3/2014 5/3/2014 6/3/2014 7/3/2014 8/3/2014 9/3/ /3/ /3/ /3/2014 1/3/2015 2/3/2015 3/3/2015 4/3/2015 5/3/2015 6/3/2015 7/3/2015 8/3/2015 9/3/ /3/ /3/2015 Source: EIA

6 Executive Director s Notes THE INTERNET OF THINGS OFFERS NEW OPPORTUNITIES FOR BATTERY MAKERS For much of its history, NAATBatt International has focused on large format batteries and supercapacitors designed to service applications in the automotive, stationary energy storage and industrial battery sectors. That is where the growth in the battery industry was expected to be and where most public discussion of electrochemical energy storage technology has been centered. But my two days this week at the IDTechEx conference in Santa Clara brought home to me the fact that companies in the battery industry that are only looking at large format applications are missing a large and potentially very important piece of the battery industry picture. That missing piece of the picture is the small, solid state batteries that are likely to power a good part of the internet of things (IoT). The size of the potential IoT market has been widely publicized and has engendered a certain amount of market hype that is not unlike the hype surrounding electric vehicles in Still, the numbers are enticing. Estimates are that there will be some 50 billion connected devices in the world by 2020 (versus a world population of 7.6 billion human beings), all of which will need to be powered by some form of electrical power device. The opportunities for battery and capacitor technologies in such a world are fairly obvious. Market adoption of these devices will, of course, always lag behind the hype. The message from the IDTechEx show was essentially that early markets for IoT devices are likely to be in industrial automation and building automation. The automotive market is also seen as an area where IoT devices can generate favorable returns on investment in the short term, though IDTechEx expressed frustration with the slow product development cycles of automakers (I think I have heard this complaint before). Medical devices and wearables also represent huge market opportunities. But more work is apparently needed to translate the low power output of current IoT devices into the type of performance needed to build large market demand for those devices. Not surprisingly, there seemed to be a lot of interest in capacitor technology at the meeting. What struck me most about the meeting, however, was a presentation by thin film battery maker BrightVolt (see I had been cautioned by some of our current NAATBatt members that thin film, ultra small batteries is just not what they do. But when I listened to BrightVolt talk about how its competitive advantage is being able to work with its customers to design the ideal energy storage solution for the customer s particular application (which the customer often does not understand itself), it struck me that I have heard that same talk before, pretty much verbatim, by any number of large format industrial battery companies. The thin film battery business is really not that different after all.

7 The upshot is that I expect we will be hearing a lot more about the thin film battery business and that it will be attracting the attention of some of our members who have traditionally focused on only large scale systems before long. Certainly thin film and solid state battery and capacitor applications will become an increasing focus of NAATBatt, as these new applications underscore the centrality of electrochemical energy storage to many of the technologies that will shape human society in over the next century. November 20, 2015 James J. Greenberger Executive Director

8 NAATBatt International Membership Applications for 2015 Membership Applications and Dues Structure NAATBatt International is accepting applications for membership from companies engaged in the business or applications of advanced electrochemical energy storage technology. Annual membership dues for 2015 are $7,500 for Platinum Members, $5,000 for Gold Members $2,500 for Silver Members, $1,000 for Research Institution/Government Members, and $500 for individual scientists and researchers. Affiliates of Platinum Member companies may join as Silver Members for the special price of $1,000 per year. Applicants may choose their level of membership based on their desired participation in NAATBatt International. Membership runs for 12 months from the month in which an application is accepted. For details about our membership structure, including a list of the benefits of each class of membership, and a membership application, please click here. Why Join NAATBatt International? NAATBatt International is a not-for-profit trade association of companies, associations and research institutions commercializing advanced electrochemical energy storage technology for emerging, high tech applications worldwide. Our mission is to promote the commercial interests of our members by supporting developments in the science of and markets for advanced electrochemical energy storage technology consistent with the goals of enhancing energy efficiency, reducing petroleum dependence and enabling carbon-free electricity generation. Our members include advanced battery, ultracapacitor and electrode manufacturers, energy materials suppliers, vehicle makers, electric utilities, equipment vendors, service providers, universities and other research institutions. We are a membership-based organization focused on delivering the following benefits to our members: Strategic market intelligence Access to new and emerging electrochemical energy storage technology Networking and building name recognition within the industry NAATBatt International conducts multiple programs for its members over the course of the year. One of our most popular programs is our Members Site Visit meetings. At these meetings, one NAATBatt member hosts all other members for a tour of the hosting member s business and production facilities. These tours give participants an unprecedented opportunity to learn about the needs and capabilities of individual member firms. Past hosts of these programs include General Motors, EaglePicher, Duke Energy, EnerDel, Cabot Corporation, S&C Electric, Magna Steyr, DNV-GL, Grafoid, Hydro-Quebec and XALT Energy. These programs are open to NAATBatt members only. NAATBatt members also get exclusive information about new products and new opportunities in the market. Each year, NAATBatt runs an Energy Storage Innovation Summit in conjunction with our annual meeting and conference. At the meeting, 20 jury selected emerging companies developing market-ready energy storage-related technologies make presentations directed to companies looking for licensing and acquisition opportunities. The Summit is the culmination of an industry-wide survey and solicitation for

9 new technologies. NAATBatt members have the exclusive opportunity to participate in the selection process and get a first look at these new technologies. NAATBatt members have access to ABC PatentEdge, a database of patents and patent applications covering advanced batteries and ultracapacitors developed by NAATBatt in cooperation with the research firm IP Overviews. The database, and the quarterly reports summarizing developments in the database, provide NAATBatt members with deep insight into where advanced battery and capacitor technology is going and where the major players in that market are really making their R&D bets. NAATBatt, as the only international trade association focused on advanced electrochemical energy storage, is a frequent resource for companies looking for products or services involving advanced battery technology. NAATBatt routinely receives inquiries for products and services, which NAATBatt forwards, exclusively, to NAATBatt member firms. For example, NAATBatt recently received and transmitted to its members a solicitation for batteries from a California municipality looking to electrify its bus fleet. This inquiry was transmitted to NAATBatt members well before non-naatbatt members learned of the opportunity. If you think that NAATBatt membership costs money, think about what not being a member costs. NAATBatt is the pre-eminent networking organization for professionals and companies working in the advanced battery industry. NAATBatt believes that good business relationships are founded on good personal relationships. From our members-only networking dinners, to our Advanced Battery Golf and Tennis tournament, to our annual meetings held at four and five-star resorts, we are dedicated to ensuring the development of strong personal and social relationships among professionals working in the industry. NAATBatt membership is meant to be fun, but it is fun with a serious purpose: Helping our members build bigger and more profitable businesses. NAATBatt is a not-for-profit trade association qualified under Section 501(c)(6) of the Internal Revenue Code and works for the benefit of the entire advanced battery and ultracapacitor industry. Every dollar spent on NAATBatt memberships and programs goes to recouping program costs and to supporting activities intended to benefit the entire advanced battery industry. At a time when it seems that the only people making money on lithium-ion technology are professional conference organizers, the advanced battery industry needs to take control of its own market and its own future. Electrochemical energy storage is the most important technology challenge of our time. Solving the problem of how to store more electricity in a smaller mass is fundamental to progress in vehicle technology, the Smart Grid, robotics, consumer electronics, unmanned aviation, fuel efficient maritime systems, electricity-based weapons systems, medical devices, monitoring systems and many of the other technologies that will shape human society in the 21st Century. Join us in our mission. We are helping to store the energy that will power the world.

10 Contact Information: NAATBatt International 122 South Michigan Avenue, Suite 1700 Chicago, Illinois (312) Officers Zak Kuznar Duke Energy Chairman Davion Hill DNV-GL President Bob Galyen Amperex Technology Limited President-Elect Randy Moore EaglePicher Technologies Chairman Emeritus Steve Vechy EnerSys Chairman Emeritus John Butkowski Beckett Energy Systems Vice President Brian Morin Dreamweaver International Vice President Ralph Brodd Broadarp of Nevada Chief Technology Officer Michael Lew Head of Communications Jim Greenberger Executive Director Paula Szyper Director of Meetings Sandy Kane Chief Financial Officer