What are the important roles of energy storage lithium batteries?

Energy storage lithium battery devices are an important infrastructure for the sustained and stable development of the new energy industry, an important means to meet the large-scale integration of renewable energy, and an important component of distributed energy systems and the electric vehicle industry.

Energy storage is an important component and key supporting technology of smart grids, high proportion renewable energy energy systems, and energy internet. The development of lithium-ion battery energy storage technology is of great significance in improving energy utilization efficiency and enhancing the stability of power grid operation. In the future, with the continuous development of power electronic devices and energy internet technology, the application of energy storage technology will become more widespread.

Lithium iron phosphate batteries are currently the most suitable technology route for energy storage among various types of lithium-ion batteries, and most of the lithium-ion energy storage projects that have been constructed also use this technology. At present, some manufacturers have reduced the price of lithium iron phosphate batteries to 1200-1400 yuan/kWh, and the corresponding energy storage system cost has also been reduced to 2000 yuan/kWh, greatly improving the energy storage economy.

Whether it is national level lithium-ion battery energy storage demonstration projects or distributed energy storage, microgrid construction, etc., the application and commercialization speed of lithium-ion battery energy storage is accelerating, and the share of lithium-ion battery energy storage in the energy storage market is also constantly increasing. Based on the currently announced plan, the trend of rapid expansion of production by important lithium-ion battery manufacturers in the coming years will continue, and lithium-ion energy storage will also enter the commercial application range as costs decrease.

Guangzhou Battsys Co., Ltd (NEEQ:837375), was founded in 2006, which is a join-stock high-tech enterprise engaging in ODM and OEM , specially for customized and diverse research&production of lithium-ion battery，BATTSYS annual production capacity is tens of millions battery cells. The products are exported to dozens of countries & regions such as Europe, America & Asia etc.