1. Lockheed Martin Pushes into Storage Market with Lithium, Flow Battery Offerings

    Lockheed Martin Pushes into Storage Market with Lithium, Flow Battery Offerings

    An already crowded energy storage field is getting another big player with aerospace giant Lockheed stepping up its battery offerings. The introduction of Lockheed, a company with a market cap of nearly $70 billion, should help accelerate cost reduction trends for battery storage systems, Greentech reports. Among the players in energy storage are ABB, General Electric, LG Chem, Panasonic, Samsung, Tesla Motors, among others. All have large capital budgets to devote to battery research and techniques to streamline manufacturing and cut costs. 

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