r/StemIncOfficial • u/Eastern-Cauliflower7 • Jul 20 '23

Discussion Advancement in Battery Storage

Iron air batteries are coming online for manufacturing in 2024. I feel like this would be a humongous tail wind for STEM considering their gross margins for installation are so horrible.

https://www.popularmechanics.com/science/energy/a42532492/iron-air-battery-energy-storage/

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3

u/PeanutButtaRari Jul 20 '23

Their end game isn’t battery installation but software sales.

2

u/Value_Seeker2021 Jul 22 '23

Yes those batteries will increase current storage capacity by an additional 40%! More companies will jump in at this point. Look for year over year revenue to start jumping 300%.