Market Trends, ESS Battery News

Domestic 48V lithium-ion energy storage systems are expected to dominate the market

48V lithium battery pack

With the development of battery technology and the rapid decline in cost, 48V lithium battery has become the mainstream choice in domestic energy storage projects, with a new chemical battery market share of 95%. Domestic lithium-ion battery energy storage is ushering in the key point of the commercial scale.

48V 100Ah lithium battery and 48V 200Ah lithium battery Household energy storage systems mainly refer to energy storage systems installed on residential buildings, its operation mode includes independent operation, matching operation with the small wind turbine, roof photovoltaic and other renewable energy power generation equipment, as well as household heat storage equipment.

The applications of smartpropel household energy storage systems include electricity cost management, power supply reliability, distributed renewable energy access, and electric vehicle energy storage battery applications.

The home energy storage system is similar to a miniature energy storage power station, its operation is not affected by the city power supply pressure. During low-power periods, the batteries in a home energy storage system can be recharged by themselves to be used during peak periods of standby power or during power outages. In addition to being used as an emergency power source, household energy storage systems can also save on household electricity bills by balancing the load.

There are also huge opportunities in the home energy storage market for lithium-ion power producers. Figures show that by 2020, the household energy storage market will be 300MW, at a lithium-ion battery installation cost of $345kw, the market for lithium-ion battery home energy storage systems is worth about $100 million.

More significantly, there is no prospect of competition from other storage technologies in this market, and lithium-ion batteries are expected to dominate the household storage market.

Lithium-ion battery products are falling in price towards affordability for every household, driving household energy storage to become a daily form of household electricity consumption around the world.

Through research and development of energy storage technology and product innovation, combined with clean power generation technologies such as solar energy, 48V lithium-ion battery energy storage technology will gradually replace the large-scale use of gasoline and diesel generator in the home and outdoors.

China’s domestic energy storage market has just started, and there are still many constraints on its development, but there are also Chinese companies involved in the domestic energy storage system market, a 48V lithium battery energy storage system has been developed for domestic and foreign domestic energy storage market.

Compared with lead-acid battery, 48V lithium battery has the advantages of small volume, lightweight, high-temperature adaptability, high charge and discharge efficiency, safety and stability, long service life, energy saving and environmental protection.

German industrial giant Siemens has launched the first lithium-ion battery energy storage solution specifically designed for home use. Dubbed the Junelight Smart Battery, it combines smart and secure energy management features with modern designs designed to complement homegrown energy systems such as rooftop PV.

German industrial giant Siemens has launched the first lithium-ion battery energy storage solution specifically designed for home use. Dubbed the Junelight Smart Battery, it combines smart and secure energy management features with modern designs designed to complement homegrown energy systems such as rooftop PV.