Inc., a leading provider of advanced nanomaterials technology used in power
and energy systems and other applications, today announced that it has completed
the 500th full depth cycle of a unique lithium titanate battery developed for
the U.S. Navy. Altair's $2.5 million contract is funded as part of a $3.5 million
United States Navy program that includes independent product testing by the
Navy. Additional funding of $5 million has been approved by Congress for FY
The Mark 0, Characterization Module allows the Navy to test and better understand
the unique properties of Altair batteries. For example, capacity tests show
that the battery has lost only about one percent of total capacity—a remarkable
result, and highlights one of the benefits (long life) of the technology. It
is anticipated that early next year Altair will deliver a 1MW battery-based
energy storage demonstrator.
"This is an important milestone in our battery development," said
Terry M. Copeland, Altair's chief executive officer. "Proving out our unprecedented
battery technology for a large-scale operation like a Navy destroyer paves the
way for a safe, less costly, and environmentally sustainable substitute for
turbines that use increasingly costly imported oil.
"We are proud to be working with the U.S. Navy and assisting in the launch
of a new battery backup system," continued Copeland. "Given the number
of ships to which Altair's technology could be applied, this electrical storage
and rapid power delivery system could reduce the Navy's consumption of fuel
by tens of millions of gallons each year. Once proven, our technology could
be used by, not only the U.S. Navy, but commercial and foreign buyers,"
With an Altair battery installed as an uninterruptible power supply (UPS),
a vessel could avoid the cost of keeping the backup generator online. If there
is a problem with the primary generator, the battery would provide enough power
to get a second unit up and online.