18650 rechargeable battery lithium 3.7v 3500mah lead global energy storage technology

　　Energy storage technology is a key driver of the energy transition. Price-competitive energy storage technology will have a significant impact on the electricity market's transition away from fossil fuels, paving the way for a low-carbon future. Judging from the current market development, the leading advantage of lithium battery technology is already very obvious.

　　Significant advantages of economies of scale

　　Lithium battery technology can achieve economies of scale, a significant advantage that other alternative energy storage technologies cannot match. Since the first commercial lithium battery was launched on the market 30 years ago, it has been widely used by the consumer electronics industry in watches, smartphones and other related fields. As market demand for electric vehicles increases, the automotive industry has turned to 18650 rechargeable battery lithium 3.7v 3500mah as the technology of choice. In the first half of 2019 alone, Daimler and Tesla invested a total of $350 million in advanced lithium-ion technology companies. Further electric vehicle revolution will spur greater investment.

　　Large-scale production drives down costs

　　Since 2010, the cost of lithium battery packs for energy storage systems has dropped by 85%. During the same period, battery production capacity also expanded from 14 GWh to 285 GWh, and is expected to double to 777 GWh in 2026. We predict that by 2026, lithium battery PACK prices will decline by an average of 9% per year.

　　How will 18650 rechargeable battery lithium 3.7v 3500mah support the decarbonization process?

　　Renewable energy will become the main source of electricity in the next two decades, and the ability to balance power supply and demand will become more challenging. The energy generation system will help increase the reliability and resilience of electricity delivery, decoupling power supplies from unpredictable climate factors. Importantly, battery storage can respond to fluctuations in power demand in less than a second, something traditional assets cannot do.

　　Battery life needs to be improved

　　Currently, lithium-ion energy storage systems reach their limits in about four hours. While lithium battery technology is well suited to help achieve second-to-second system balancing and provide peak power services, to extend energy storage utilization time, we will need more than lithium-ion technology.

　　A variety of other technologies will compete with lithium battery technology in the race to develop successful energy storage solutions. Achieving economies of scale is not easy. If the battery life exceeds four hours, there will be a clear gap in the market.

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