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Are lithium-ion batteries a good choice for energy storage?

Lithium-ion batteries are being widely deployed in vehicles, consumer electronics, and more recently, in electricity storage systems. These batteries have, and will likely continue to have, relatively high costs per kWh of electricity stored, making them unsuitable for long-duration storage that may be needed to support reliable decarbonized grids.

Is hithium a leader in battery energy storage in China?

The company has achieved top positioning in the battery energy storage (BESS) sector in its home market of China. Lithium-ion battery solution provider HiTHIUM introduced a new 4 MWh liquid-cooled battery energy storage (BESS) product with its latest 300Ah cells technology at CLEANPOWER in New Orleans.

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.

Why is lithium a major source of demand?

The leading source of lithium demand is the lithium-ion battery industry. Lithium is the backbone of lithium-ion batteries of all kinds, including lithium iron phosphate, NCA and NMC batteries. Supply of lithium therefore remains one of the most crucial elements in shaping the future decarbonisation of light passenger transport and energy storage.

Why is lithium ion a good battery?

The lithium ions are small enough to be able to move through a micro-permeable separator between the anode and cathode. In part because of lithium’s small atomic weight and radius (third only to hydrogen and helium), Li-ion batteries are capable of having a very high voltage and charge storage per unit mass and unit volume.

How can energyx solve the global lithium supply shortage?

To address the global lithium supply shortage, EnergyX has developed a portfolio of patented Direct Lithium Extraction Technologies that work in synergy to generate the highest recovery rates and best economic outcomes from every unique brine. EnergyX has developed simplified refining technologies to convert brine to sellable products.