Inlyte Energy's Iron-Salt Batteries Challenge Lithium-Ion Dominance
Inlyte Energy, a startup founded in 2021, is making waves in the energy storage sector. The company, led by Antonio Baclig, aims to challenge the dominance of lithium-ion batteries with its innovative iron-salt battery design. Southern Co. has agreed to install an Inlyte demonstration project, marking a significant step towards commercialisation.
Inlyte's batteries, based on a design from the 1980s, belong to the sodium metal halide family. They offer three key advantages: low-cost materials, simple manufacturing, and high round-trip efficiency. This makes them a potential game-changer, especially as lithium-ion batteries' costs have dropped, making mass deployment of alternative technologies challenging.
Daimler Benz's successful testing of ZEBRA batteries, another type of sodium-based battery, further validates the potential of this technology. Inlyte's batteries have already proven their worth through third-party engineering tests and an $8 million seed round closed in 2023. By the end of this year, Southern Co. will install the first 80-kilowatt/1.5-megawatt-hour demonstration project in Birmingham, Alabama, to further validate Inlyte's technology.
Inlyte Energy's iron-salt battery technology promises to provide solar-plus-storage baseload power at a cost lower than fossil fuels. With Southern Co.'s support and successful seed funding, Inlyte is poised to disrupt the energy storage market and accelerate the transition to renewable energy.
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