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What are the Applications of LiFePO4 Battery in the Energy Storage Market?

Apr. 07, 2021

LiFePO4 Battery has a series of unique advantages such as high working voltage, high energy density, long cycle life, low self-discharge rate, no memory effect, and green environmental protection. It also supports stepless expansion and is suitable for large-scale electric energy storage. There are good application prospects in the fields of safe grid connection of station power generation, power grid peak shaving, distributed power stations, UPS power supply, emergency power supply system and so on.

Ni-MH Cell Performance

Ni-MH Cell Performance

With the rise of the energy storage market, in recent years, some power battery companies have deployed energy storage business to open up new application markets for lithium iron phosphate batteries. On the one hand, due to the characteristics of ultra-long life, safe use, large capacity, and environmental protection, lithium iron phosphate can be transferred to the energy storage field, which will extend the value chain and promote the establishment of a new business model. On the other hand, energy storage systems supporting lithium iron phosphate batteries have become a mainstream choice in the market. According to reports, lithium iron phosphate batteries have tried to be used in electric buses, electric trucks, user-side and grid-side frequency modulation.

Wind power, photovoltaic power and other renewable energy power generation are safely connected to the grid. The inherent randomness, intermittentness and volatility of wind power generation determine that its large-scale development will inevitably have a significant impact on the safe operation of the power system. With the rapid development of the wind power industry, especially most wind farms in my country are "large-scale centralized development and long-distance transmission", the grid-connected power generation of large-scale wind farms poses severe challenges to the operation and control of large-scale power grids.

Photovoltaic power generation is affected by ambient temperature, solar intensity and weather conditions, and photovoltaic power generation presents the characteristics of random fluctuations. my country is presenting a development trend of "decentralized development, low-voltage local access" and "large-scale development, medium-high voltage access" simultaneously, which puts forward higher requirements for power grid peak shaving and safe operation of the power system.

Therefore, large-capacity energy storage products have become a key factor in solving the contradiction between the power grid and renewable energy power generation. The lithium iron phosphate battery energy storage system has the characteristics of fast working condition conversion, flexible operation mode, high efficiency, safety and environmental protection, and strong scalability. Engineering applications have been carried out in the national wind and solar storage and transmission demonstration project, which will effectively improve equipment efficiency and solve Local voltage control problems, improve the reliability of renewable energy power generation and improve power quality, so that renewable energy can become a continuous and stable power supply.

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