These include tripling global renewable energy capacity, doubling the pace of energy efficiency improvements and transitioning away from fossil fuels. This special report brings together the latest data and information on batteries from around the world, including recent market developments and technological advances.
When these technologies are rapidly progressing, the dependability of and longevity provided by LIBs is more important than ever, accompanied by the need for sophisticated battery management systems (BMS) to control this technology in a way that maximizes performance while prolonging battery life.
Batteries are an important part of the global energy system today and are poised to play a critical role in secure clean energy transitions. In the transport sector, they are the essential component in the millions of electric vehicles sold each year. In the power sector, battery storage is the fastest growing clean energy technology on the market.
The graph compares the State of Health (SoH) of a battery across discharge cycles, plotting both the real SoH values (solid orange line) and the predictions made by the LSTM model (dashed purple line). Initially, the real SoH started at approximately 0.95, whereas the LSTM model predicted a slightly lower value of approximately 0.92.
The IoT enables continuous data streams from distributed battery systems, offering dynamic and instantaneous insights into battery performance, degradation, and health status 8.
By utilizing an IoT-enhanced BMS, the RUL of batteries can be accurately predicted through continuous monitoring and predictive models, reducing the likelihood of failures and increasing overall system reliability 15.