Coda Automotive, a division of Coda Holdings, had previously planned to make its electric sedan available to the general public in the next month. This may take a backseat as its parent company, Coda Holdings, has announced it would be focusing its efforts on another related technology, stationary batteries for electricity storage.
The battery technology for the company would start by making minor modification for battery packs to its cars. The batteries are lithium iron phosphate cells made in China. The company then either sells them individually or in a bundled package that can be used to store solar power for excess power from the individual’s solar array. With the extra power, companies are able to reduce their peak load leading to lower overhead costs for electricity for the consumer.
Since the company has designed the electric packs for cars, these arrays are easily transportable and can be modified either up or down. The giant’s car division has designed its sedan around a battery pack that is able to store 31 to 36 kilowatt hours. With the expansion into the stationary module product line, the battery is able to store at least forty-kilowatt hours.
The company seeking expansion into stationary battery packs is entering a lucrative sector of the market. These battery arrays can be used as back up electricity sources because the demand far outstrips the supply. The idea of this lateral expansion is to support the electric car market as battery sources for electrical power would be available and thus lower demand for the new electrical power increases as more electric vehicles go online.
According to Edward A. Solar, Senior Vice President of Coda Energy, “We are leveraging this technology across business units as it is synergistic for us.” Coda Energy would be the division that focuses on stationary batteries of the future.
The company further adds the use of batteries in stationary service would help in the reduction of global warming emissions. In the stationary market, the electricity produced from large-scale solar farms would be stored and eventually bought and sold freely in the market. These batteries are designed to provide high levels of electricity, as the current design is able to handle 100 kilowatts or 134 horsepower.
The larger battery array for cars has also become attractive for grid use. One other firm has entered the market for large storage batteries and this is A123 Systems. Their largest array is located in Elkins, West Virginia and has cells smaller than a D cell flashlight battery pack.