The Best New Energy Battery

Study: Li-ion Maintains Cost Advantage For Stationary Energy Storage

Joseph Bebon, March 10, 2017 (Solar Industry)

“Providing stationary energy storage is vital to the stability of the power grid as renewables grow and demand rises, but cost has been a challenge…[L]ithium-ion batteries will dominate the stationary energy storage market, though current generation flow battery technology has an economic case for certain very large and long-duration applications…Lux Research says analysts developed new battery cost models based on size, duration, architecture and chemistry, as well as compared Li-ion and flow battery costs…Li-ion beats the most popular vanadium-based flow battery technology on LCOS due to higher round-trip efficiency (83% vs. 65%)…Current technology won’t get lower than $0.35/kWh…Application stacking and multiple value streams will gain importance as energy storage costs fall to about $0.30/kWh by 2036…” click here for more

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