The deployment of lithium batteries has increased in popularity during the past few years. Consumer electronics, electric vehicles, and grid support favor them. In 2018, the lithium market grew by 40 billion dollars and was seven percent larger than the market for lead-acid batteries. Its annual growth increased to 195 GWh in 2019 from 60 GWh five years prior. The lithium battery has been popular since then, and in this article, we will discuss the reasons for its increasing popularity.
Increasing Energy Density And Versatility
Lithium batteries have the lightest metal and high electrochemical potential, allowing them to achieve large energy densities that are also greater than nickel-cadmium, nickel-metal, and lead-acid batteries. As a result, lithium batteries are ideally suited for use in phones and EVs where excess weight is a liability. Furthermore, lithium batteries are versatile for a single type of lithium-ion cell (the functional unit that makes up a battery), such as a cylindrical 21700 cell, which can be employed in an EV battery pack or a huge grid-connected energy storage system5. Because lithium-ion batteries can be made in many different ways, manufacturers can make a lot of specific cell architectures on a large scale. It makes lithium-ion batteries much cheaper.
Standard For All Modern Electronics
Lithium batteries has become the standard for almost all modern electronics and electric vehicles (cars). The vast majority of lithium is extracted from lithium battery manufacturers in South America, particularly Chile, to supply the global electronics industry. Why, therefore, are Li-ion batteries such a big deal? Unlike lead-acid batteries, Li-ion batteries provide energy by ion movement between each cell’s anode and cathode.
Lithium batteries have a long cycle life. Thus items containing them can reach the end of their useful life without requiring a battery replacement.
In addition, lithium batteries have a far longer cycle life than other batteries, which helps to offset their greater price.
Lithium Is Crucial For Carbon Dioxide Absorption
Lithium-ion batteries are important for removing carbon in two very important areas.
Clean electrification is known to be the quickest and most cost-effective method of decarbonization, particularly over the next ten years: changing the grid to carbon-free sources and shifting other sectors and energy services onto the grid.
Lithium batteries are regarded as clean electrification in one of the main polluting areas of the U.S. economy: transportation and power. Each of these sectors is responsible for about a quarter and a third of emissions. In addition, it dominates the EV market and improves performance and range.
In 2019, three scientists were awarded the Nobel Prize in chemistry for their creation of lithium-based technology, which was made feasible by lithium. Accordingly, Lithium was discovered that has exceptionally high energy and density with specific energy to pack a great deal of power into a compact, lightweight package and can cycle several times more than its predecessors. Small electronic gadgets with a high energy density, such as cell phones, laptops, and camcorders, were the initial market niche for lithium’s introduction. Since then, they have virtually dominated the consumer electronics market.
As factories and moulds suppliers grew, prices went down, and more things could be made, like power tools, lawnmowers, and scooters.
As scale grew and prices went down, LIBs started to replace other chemistries as the best choice for EVs.
No Maintenance Need
One great thing about lithium is that it has no maintenance because it doesn’t need to be charged and drained regularly as other batteries do.
The battery has a small amount of self-discharging and does not need a topping charge to stay at its original charge level.
Moreover, lithium has no memory effect like NiMH and Ni-Cd batteries which causes them s to lose power when repeatedly charged or partially discharged.
Bolster Heat Resistance, And Renewable Energy Development
Lithium is still added to glass and ceramics to make them more heat-resistant. Still, batteries are the main use for lithium these days. Lithium batteries can keep small devices running for a long time without overheating because they can store a lot of energy. Watches, cell phones, laptops, tablets, remotes, and other small devices, such as maneuvering underground valves, all use lithium batteries to keep them going for days, weeks, or even years.
Lithium has been a key part of making and developing technology for renewable energy sources in recent years. Its ability to store energy has enabled it to capture and store energy produced by wind, sun, and water. Many machines and technologies use lithium batteries to keep that energy going long after the source has stopped making energy. For example, solar-powered cars can produce power when the sun is out, but lithium batteries can keep making energy even when the sun has gone down.
We can’t deny that lithium batteries are popular in the market because it is extremely useful in consumer devices. One of the most popular types of rechargeable batteries for portable electronics, they have a high open circuit voltage, a low self-discharge rate, no memory effect, and a slow loss of charge when not in use. Lithium batteries have the highest energy density of all rechargeable batteries (100-265 Wh/kg). It makes charging a lithium battery easier, faster, and longer. The following reasons above states how lithium batteries are important nowadays and how it becomes popular. It also means that we need to be critical of our battery choices.