In recent years, the renewable energy sector has looked to lithium-ion batteries as the solution to its main problem: storing generated energy. As one of the smallest elements on the periodic table, lithium has a high electrochemical potential and can store large amounts of energy.. With their low weight and desirable high efficiency, only one obstacle has so far prevented lithium batteries from becoming the standard storage technology for renewable energy: high cost.
However, this situation seems to be changing and being resolved gradually in the near future. According to a recent study by Bloomberg NEF (BNEF), the cost of lithium-ion batteries will decrease significantly in the coming years – even the 85% decrease that occurred between 2010 and 2018. Specifically, BNEF predicts predicts a 50% reduction in the cost of lithium-ion batteries per kW/h by 2030, as demand increases in two different markets: stationary storage and electric vehicles.
This will lead to an exponential increase in energy storage facilities worldwide, from a modest 9GW/17GWh deployed since 2018 to 1.095 GW/2.850 GWh by 2040. Significant increase This will require an estimated investment of about $662 billion.
Lithium-ion batteries are used globally to power the portable electronic devices we use to communicate, work, study, listen to music and seek knowledge. Lithinium batteries have also enabled the development of long-range electric cars and energy storage from renewable sources, such as solar and wind power.
Lithium-ion batteries have revolutionized our lives since they first appeared on the market in 1991. They have laid the foundation for a wireless, fossil fuel-free, and profitable society. greatest benefit to humanity.
Particularly in the field of renewable energy, Lithium-ion batteries will be the key to overcoming the disadvantage of solar and wind power, which is instability. Its seemingly unlimited storage capacity will help solar power Solar and wind power are available day and night.
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