Research Overview

Renewable energy sources have a major impact on the stability the power grid due to their randomness and intermittence in energy generating process. The widespread adoption of renewable energy and electric vehicles (EVs) requires the energy storage systems with enhanced energy and power densities, optimized efficiency, reduced cost, and possibility to eliminate use of a scarce natural resource. Increased energy capacities, faster recharge time, and enhanced safety, are the main needs of lithium-ion battery (LIB) technologies. The cutting-edge innovations in battery technology enable to face the present and future challenges of the energy storage sector with the development of high-performance, cost-efficient batteries. This research study titled “Techno-economic Analysis and Application Mapping of Emerging Battery Technology” focuses on the emerging innovations and the latest achievements in the technology landscape of battery storage.

The study presents a snapshot of emerging battery technologies, their advantages and limitations, possible application and impact on battery industry. The discussed battery technologies with different chemistries are optimized for different applications and market fit, and are aiming to reduce the cost of energy storage. Special attention is given to the challenges, such as high cost, raw materials supply shortage, and safety issues. Additionally, it presents the performance analysis and comparison of different battery technologies, and their application mapping.