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<p>Co-</p><p>Director and partner of energy practice at Ward Howell international, Andreas Fornwald, wrote \"The global electricity storage market is dynamic, urgent and growing at a rate close to gigabit Watts\". </p><p>The world is experiencing a surge in intermittent power generation facilities such as renewable energy, but still faces enormous challenges. </p><p>Renewable energy facilities, for example, need</p><p>Increase backup capacity. </p><p>In addition, utilities must balance demand and supply by accumulating unprecedented reserves. </p><p>In addition, new rules are being introduced by regulators; </p><p>The bidding for energy is becoming more and more complex, and the price of electric energy fluctuates more and more. </p><p>In addition to this, grid stability and frequency control are much more complex than in the past. </p><p>At present, the performance of <a href="https://www.meritsunpower.com/industry-news" target="_blank">lithium</a> batteries is widely publicized. </p><p>Due to its good power density and relatively small size, the main application of lithium is mobility. </p><p>Big companies like Tesla, LG and BYD see the technology as the best and brightest solution to meet the global power storage needs. </p><p>Many people think lithium will become new oil, and some countries, such as China, are heavily subsidizing the industry in order to gain political influence and market share. </p><p>However, lithium batteries are not magic batteries. solution-fits-</p><p>All energy storage needs. </p><p>In fact, lithium has recently experienced a sharp decline in prices and a huge surplus. </p><p>Production capacity has been established. </p><p>The most important thing driving this downward trend is Tesla, which is building a \"Giga factory\" in Nevada and China, actively planning to increase the manufacture of lithium batteries. </p><p>But despite the hype of these key players, the fact is that lithium has many shortcomings compared to mobile batteries and other emerging battery technologies. </p><p>The case of Samsung\'s smartphone explosion due to lithium batteries has been widely reported, causing serious safety and reliability problems. </p><p>Here are some additional disadvantages of lithium-based batteries: 1. </p><p>Low battery life of lithium batteries; </p><p>If charged and discharged once a day, the battery life is only two years. </p><p>Each lithium battery must be specifically designed for a variety of applications and requirements, such as between power and energy applications: this creates many additional featureson costs3. </p><p>There are toxic chemicals, fires and health and safety problems in lithium batteries. </p><p>The charging capacity of lithium batteries is reduced by more than 5%; </p><p>Less than 80% of the cost is available. </p><p>High lithium battery life-</p><p>Cycle Cost: up to 7-</p><p>Years of life plus expensive recycling after the endof-life6. </p><p>In addition to these shortcomings, high insurance premiums and low bank capacity also plague lithium batteries, and supporters of lithium batteries face other major challenges. </p><p>For example, the price and power density claimed by lithium manufacturers are actually not important for utility applications. </p><p>Discharge cycles and charging curves affect the use of batteries in utilities more than ever before</p><p>Scale applications. </p><p>The new standard released by PJM power pool supports batteries with longer life cycles-it\'s clear that lithium is not always the best solution. </p><p>In fact, a major utility</p><p>Lithium batteries will be more than a million times the size of smartphone batteries, so the public\'s view of their feasibility, health and safety risks is largely reasonable. </p><p>Flexible natural gas plants can handle both peak power and power grid stability, which poses another threat to lithium batteries of large utility sizes. </p><p>At the same time, battery deployment is becoming easier to delegate. </p><p>As these two technological trends expand, they are likely to conflict in the competition as well. </p><p>Remember that the gas turbine can run for more than 30 years, which is very enlightening; </p><p>Unfortunately, no lithium battery can charge and discharge for 30 years every day. </p><p>Now we have to consider the huge California effect. </p><p>This powerful, populous and prosperous country, as always, stands at the forefront of the energy innovation. </p><p>California requires utilities to test batteries by adding more than one. </p><p>As of 2020, the power storage capacity was 3 gigawatts. </p><p>For example, Edison in Southern California has started trading in energy storage to mitigate the risk of predictable power outages. </p><p>All of these projects are scheduled to be completed in record time-</p><p>Less than six months. </p><p>This is unprecedented in the field of power transmission and power generation. </p><p>With all this in mind, many analysts also expect lithium batteries to suffer from-</p><p>The price of solar panels will drop sharply over time and scale. </p><p>However, there are some notable differences: the main raw materials and components used in solar panels are abundant, and wafer manufacturing of solar panels is easier to scale --</p><p>Not as complicated as in battery manufacturing. </p><p>In addition, the price of the solar panel industry is relatively stable, and experts do not expect any significant decline in the price; </p><p>Now is the competition for efficiency. </p><p>In contrast, the cost of recycling batteries is much higher, and the bad speed is faster than the solar panels. </p><p>Therefore, copy the price model of Poly</p><p>Crystal solar panels will be hard to achieve for lithium batteries. </p><p>In addition, the lithium battery market is tightening and integration is underway, which has led to the collapse of many small and medium-sized enterprises, such as Aquion Energy and Imergy in California. </p><p>Other players like Yunicos are seeking salvation under the umbrella of a diesel generator supplier. </p><p>Therefore, when all economies of scale play a role, the price of lithium batteries may tend to be stable. </p><p>Again, it must be noted that prices may rise due to increased short positionsterm demand. </p><p>The best future</p><p>Many emerging technologies include mobile batteries, Zinc Air, silver-zinc, sodium-</p><p>Driven by exciting research conducted by Stanford University, UC Berkeley, MIT and institutions in China and Japan, sulfur, salt water, nickel and zinc and nickel-hydrogen, Korea and Germany. </p><p>All in all, the battery is the future, but at present it seems doubtful whether the lithium battery represents the future. </p><p>Current research, physics and market forces show that other more efficient and reliable battery types will dominate the market, and the current hype about lithium batteries is a good example</p><p>It will soon turn into a more robust and sustainable fashion.</p>
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