Expion360 Intros New Lithium-ion Power Storage Tech – RVBusiness – Breaking RV Industry News
REDMOND, Ore. – Expion360, Inc. (NASDAQ: XPON), an industry leader in lithium-ion battery power storage solutions, has introduced a new 12 Volt 450 Ah e360 SmartTalk™ lithium iron phosphate (LiFePO4) battery featuring breakthrough cell technology that increases energy density by more than 32 percent as compared to traditional 3.4 Ah 26650 cells.
Delivering this energy-dense technology is an advanced re-engineered 4.5 Ah 26650 lithium-ion cell encased in a specially designed cylindrical body. The technological advancement is due to a new proprietary anode/cathode design that increases the energy density by nearly a third while maintaining the similar cost weight and size of traditional cells.
The new battery and cell technology addresses the fast-growing global lithium-ion battery market projected to grow at a 13.2% CAGR to reach $93.3 billion by 2028, according to IMARC.
“The introduction of this breakthrough advancement in lithium cell technology demonstrates our commitment to delivering leading-edge solutions for our customers and OEM partners,” stated Expion360 president and COO, Paul Shoun. “We believe by offering more smart clean power in same form factor provides us an important competitive advantage in our existing RV, overland, marine and golf markets, and especially for our planned launch for home energy and industrial applications.”
The company expects its expansion into home energy to benefit from a fast-growing battery energy storage market which is forecasted by MarketsandMarkets to grow at a 26.4% CAGR to reach $17.5 billion by 2027.
As with all e360 batteries, the new 450 Ah e360 SmartTalk™ combines outstanding capacity and great aesthetics, with superior construction and durability for rugged outdoor environments.
The new battery also features Expion360’s recently introduced Bluetooth smart technology that is controlled by the new e360 SmartTalk™ app, available for free on Apple and Android mobile devices. The intuitively designed app enables the seamless integration and wireless management of any e360 Bluetooth-enabled lithium battery.
The new 450 Ah battery is the company’s second Bluetooth-enabled e360 SmartTalk™ battery to launch this year. In June, the company announced a 48 Volt GC2 LiFePO4 e360 SmartTalk battery which was specially engineered to set a new standard for powering electric golf carts and other light electric vehicles (LEVs). The system is designed to be especially useful for LEV operators and especially those managing multiple vehicles.
“We see our first two Bluetooth enabled batteries as just the beginning of an expanding lineup of e360 SmartTalk-ready solutions that we anticipate to be in high demand for both existing and future product applications,” added Shoun. “We expect the superior customer experience provided by these solutions to broaden our market reach, further strengthen customer loyalty, and clearly stake out our competitive edge for new buyers.”
Expion360 expects to begin taking pre-orders for the new 450 Ah e360 SmartTalk battery starting in the fourth quarter of this year, with shipments beginning in the first quarter of 2024.
Expion360 Li-ion batteries are available through more than 300 dealers, wholesalers, private-label customers and OEMs nationwide. For more information about Expion360 and its advanced battery solutions, please visit www.expion360.com.
Source: https://rvbusiness.com/expion360-intros-new-lithium-ion-power-storage-tech/
