Performance and Cost

Abstract

AbstractBatteries are central to the global push for electrification and decarbonization of our transportation and energy infrastructures. Innovations in battery technologies, being the key enablers, are indispensable in addressing the surging demand for electromobility and seamless integration of renewable energy sources into the power grid. For this cause, we need sustainable batteries that consistently deliver competitive performance throughout their life cycle.Presently, mainstream battery technologies encompass a variety of chemistries—lead, lithium, nickel, and sodium based. These have a considerable potential for further advancement, driven by a range of application requirements. Yet, it’s clear that no single battery chemistry or technology can meet all the diverse challenges posed by different end-user applications. These challenges span across attributes like high power and energy density, longevity, cost-efficiency, excellent safety standards, and minimal environmental impact. It is through innovative materials, cell component design, and cutting-edge battery management systems that we can enhance service life, performance, and safety.In the ensuing subchapter, we will emphasize how electrochemical storage systems are typically tailored to match the unique requirements of each application. In essence, there’s no “one-size-fits-all” solution when it comes to battery technology.