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Tesla: MIT Battery Discovery Could Be Big Boost

|Includes:Tesla Motors (TSLA)

On August 16th, MIT announced a new rechargeable flow battery enables cheaper, large-scale energy storage technology. Here are some key excerpts:

"The palm-sized prototype generates three times as much power per square centimeter as other membraneless systems - a power density that is an order of magnitude higher than that of many lithium-ion batteries and other commercial and experimental energy-storage systems." ....

"The reactants in the battery consist of a liquid bromine solution and hydrogen fuel. The group chose to work with bromine because the chemical is relatively inexpensive and available in large quantities, with more than 243,000 tons produced each year in the United States." ....

"This technology has as much promise as anything else being explored for storage, if not more," says Cullen Buie, an assistant professor of mechanical engineering at MIT. "Contrary to previous opinions that membraneless systems are purely academic, this system could potentially have a large practical impact."

Needless to say, this has a big impact on wind, solar and the EV market as well. With better storage systems, recharging and supercharging stations may be built with much higher flexibility in terms of grid tie-in and location. Moreover, the vehicles themselves may be able to use this technology which may prove much more economical in the long run. Perhaps this is some of the excitement behind Tesla Motors (NASDAQ:TSLA) stock strength in an otherwise dreary market.

Stocks: TSLA