ORIGINAL REPORTING: The Battery Of The Future
Is lithium-ion 'the safest bet' in the future of battery storage?; A new study examines battery storage technologies beyond cost
Herman K. Trabish, December 8, 2015 (Utility Dive)
Lithiom-ion battery storage will likely remain the standard for electric vehicles and stationary energy storage well beyond 2025, according to The Next-Generation Battery Roadmap. The biggest growth in battery storage will come from "gradually evolving lithium-ion batteries, through incremental innovations. The race for the future of batteries kicked off in earnest this year with two landmark buy-ins by major corporations, the study reports. Automotive supplier Bosch bought Seeo, a solid-state battery manufacturer, to help Bosch meet its 75% energy storage cost-cut goal. Electronics giant Dyson bought solid-state battery manufacturer Sakti3 for $90 million. But these are only glimpses of the future.
Lithium-ion battery technology continues to demonstrate consistent performance advances without presenting costly new design or manufacturing obstacles. Navigant Research forecasts the lithium-ion stationary storage market will grow from 2015’s $775.4 million to over $15.8 billion by 2024. Stationary applications for advanced lithium-ion energy storage ranges from distributed generation storage at the residential and commercial-industrial scales to utility-scale storage. The two top-tier providers are Tesla and Germany’s Sonnenbatterie, but Saft, Hitachi, Panasonic, LG Chem, and Samsung SDI should not be counted out. Many of the same companies, along with NEC and NGK, lead the market for utility-scale applications such as peaker plant replacement, deferring transmission and distribution system upgrades, and providing ancillary services… click here for more