Engine launched to develop lithium-ion batteries in CNY

From phones to laptops to cars, Americans rely on lithium-ion batteries every day. Central New York could become an epicenter of home battery innovation.

“We are officially launching the National Science Foundations Energy Storage Engine in Upstate New York. Congratulations,” said Binghamton University President Harvey Stenger.

Thursday marked a big moment for New York’s future and its high-tech goals.

“Start the National Science Foundation’s Engines program, which will be the center of this country’s research on lithium batteries, how we can make them better, how we can make them cheaper, how we can make them last longer,” he said.

Officials from Binghamton University, the National Science Foundation and Empire State Development celebrated the launch of the plant in the southern region on Thursday.

The Upstate New York Energy Storage Engine seeks to establish a technology hub for battery safety testing, application integration and workforce development.

“What’s going to happen inside these buildings is going to be the technologies of the future, especially in the area of ​​batteries,” Stenger said.

Earlier this year, the National Science Foundation named the New Energy New York Storage Engine a regional innovation engine. The Storage Engine will receive up to $160 million in funding over 10 years to help the nation’s battery industry grow.

“It’s going to mean a lot of jobs, a lot of investment in our region and really cutting-edge technologies like battery research, lithium-ion batteries, battery storage,” said Jason Garnar, County Executive of Broome.

According to market research firm Grand View Research, the global lithium-ion battery market size was estimated at $54.5 billion in 2023. It forecasts that the average annual growth of the market will be 20% between 2024 and 2030.

It was a long time coming for the Southern Tier on Thursday, but it’s far from over.

“It’s going to take a while,” Stenger said. “The building we’re in today is absolutely empty. So we have a lot of work to do there. But we have great people doing the design work right now, and we anticipate that over the next 12 In the next few months, we will have a real lithium-ion battery manufacturing pilot plant in Johnson City.