Efficient charging reduces heat generation, which can degrade battery components over time, thus prolonging the battery's life. Several factors influence the charging efficiency of lithium ion batteries. Understanding these can help in optimizing charging strategies and extending battery life.
Therefore, even if lithium-ion battery has a high CE, it may not be energy efficient. Energy efficiency, on the other hand, directly evaluates the ratio between the energy used during charging and the energy released during discharging, and is affected by various factors.
Charging and Discharging Rates: The speed at which lithium-ion batteries are charged and discharged can impact their efficiency. Generally, slower charging and discharging rates are more efficient, as they minimize heat generation and reduce stress on the battery's internal components.
The lithium-ion battery, which is used as a promising component of BESS that are intended to store and release energy, has a high energy density and a long energy cycle life .
According to the US Department of Energy (DOE) global energy storage database, the installed energy storage capacity of lithium-ion battery technology exceeds 4.2 GWh by 2021, with a market share of 6.4 % .
As an energy intermediary, lithium-ion batteries are used to store and release electric energy. An example of this would be a battery that is used as an energy storage device for renewable energy. The battery receives electricity generated by solar or wind power production equipment.