Aiyang Energy Storage Lithium Battery

Are lithium-ion batteries the future of energy storage?

As the world increasingly swaps fossil fuel power for emissions-free electrification, batteries are becoming a vital storage tool to facilitate the energy transition. Lithium-Ion batteries first appeared commercially in the early 1990s and are now the go-to choice to power everything from mobile phones to electric vehicles and drones.

When will lithium-ion battery demand reach 9300 gigawatt-hours?

Lithium-Ion battery demand could reach 9,300 gigawatt-hours by the end of the decade. Image: Statista Demand for Lithium-Ion batteries to power electric vehicles and energy storage has seen exponential growth, increasing from just 0.5 gigawatt-hours in 2010 to around 526 gigawatt hours a decade later.

How to improve Li-ion batteries' reliability and safety?

The improvement of Li-Ion batteries' reliability and safety requires BMS (battery management system) technology for the energy systems' optimal functionality and more sustainable batteries with ultra-high performances.

What are lithium-ion batteries used for?

Not only are lithium-ion batteries widely used for consumer electronics and electric vehicles, but they also account for over 80% of the more than 190 gigawatt-hours (GWh) of battery energy storage deployed globally through 2023.

What is a lithium ion battery?

As the name of the most-common type of battery in use today implies, lithium-ion batteries are made of lithium ions but also contain other materials, such as nickel, manganese and cobalt. They work by converting electrical energy into chemical energy, which allows us to store electricity in a very dense form. Have you read?

Are lithium-ion batteries a resource problem?

The resource question is an important one. Although lithium-Ion batteries contain a very small amount of lithium, the predicted growth of demand for these batteries could put pressure on supply chains for materials like lithium, nickel, cobalt, manganese and graphite. And it’s essential that supply chains operate in an ethical way.