“Batteries will play a central role in accelerating renewable energy deployment”
By Mari Kristine Buckholm, Smart Innovation Norway 13. April 2018
New battery technologies are expected to offer higher energy density, faster charging, extended lifetime, and lower cost – which will be demonstrated in the INVADE pilots.
As the INVADE project seeks to integrate electric vehicles and batteries to empower storage in distribution grids, the status battery technologies and prices is worth having a look at.
In general, lithium-ion battery technologies have reached a commercial phase. There are lots of battery manufacturers and system integrators, who provide battery packs or complete energy storage systems.
“With current technologies, the performance is good and the cost is reasonable for many business cases. However, the technology is not fully matured yet. This can be seen, e.g., in lack of standardized products and in rapid decline of prices,” explains Ari Hentunen, Research Scientist, DSc (Tech), at VTT Technical Research Centre of Finland Ltd.
He reveals that the current prices of battery packs and complete energy storage systems for stationary applications are in the order of 600 $/kWh and 1000 $/kWh, respectively. The prices have fallen on average 10% annually and are expected to further decline at a lower rate.
“The levelized cost of stored energy is decreasing as a result of lowering prices and improvements in technology, especially in improvements in cycle life and calendar life,” Hentunen points out.
Batteries in INVADE
The VTT research scientist emphasizes that batteries can provide the flexibility that future electricity systems will need to balance the fluctuating generation of solar and wind energy.
“Batteries will play a central role in accelerating renewable energy deployment,” he states. Which is why the use of batteries as flexibility sources will be demonstrated in the INVADE pilots.
“Lithium-ion battery is a versatile energy storage technology that can be used in a wide range of applications from fast-acting power quality to daily energy storage,” explains Hentunen.
Developing our future society
As huge amounts of lithium-ion batteries are needed in the ongoing shift from the use of fossil fuels towards sustainable transportation and renewable energy production, it is important to develop battery technologies even further.
“For example, the battery technologies need to be improved for large-scale adoption in transportation and storage,” notes Hentunen. He adds:
“New battery technologies are expected to offer higher energy density, faster charging, extended lifetime and safety, and lower cost.”
@elandh2020 : RT @elandh2020: Day two of @elandh2020 project kick-off. We’re discussing and planning the different pilot use cases #elandh2020 #horizon20… ( - 4 days ago)
@polivros : RT @polivros: Excellent news for @INVADEH2020 That's exactly one of the business cases that we want to test and prove in @Greenfluxinfo @Es… ( - 5 days ago)
@rgallartf : RT @rgallartf: Today @WattiusBattery has completed the first 212 kWh battery integration on field of Catalan DSO involve in @INVADEH2020 to… ( - 1 week ago)
@polivros : RT @polivros: Great work guys! I am very proud of working with you in this increadible project @INVADEH2020. We are gonna make an impact! 😊… ( - 4 weeks ago)
– with the Norwegian Prime Minister present
In January, Smart Innovation Norway will be a part of the India-Norway Business Summit 2019 in New Dehli, where the company is responsible for the seminar “Smarter Grids and storage in emerging energy ecosystem – Leveraging Norwegian expertise”. (4 weeks ago)
@INVADEH2020 : In January, Smart Innovation Norway will be a part of the India-Norway Business Summit 2019 in New Dehli, where the… https://t.co/Leax6CeESz ( - 4 weeks ago)
@INVADEH2020 : In January, Smart Innovation Norway will be a part of the India-Norway Business Summit 2019 in New Dehli, where the company is responsible for the seminar “Smarter Grids and storage in emerging energy ecosystem – Leveraging Norwegian expertise”. Read more: ( - 4 weeks ago)
@rgallartf : RT @rgallartf: Avui des de la @CITCEA_UPC, presentem als estudiants del Màster de Smart Grids els projectes @RESOLVD_EU i @INVADEH2020 http… ( - 1 month ago)
@Guru_Chela : RT @Guru_Chela: @berntbremdal some new market offerings for EV charging! @INVADEH2020 https://t.co/RMZ1nUa9g1 ( - 1 month ago)
@asumper : RT @asumper: Great opening of the XI conference on energy at the @ETSEIB_UPC on the integration of batteries and electric vehicles. Good st… ( - 2 months ago)