Are lithium-ion battery energy storage systems relevant?

The future relevant technological developments and market trends are assessed. Large-scale Lithium-ion Battery Energy Storage Systems (BESS) are gradually playing a very relevant role within electric networks in Europe, the Middle East and Africa (EMEA).

Are large-scale battery systems economically viable?

The high energy density of Li-ion based batteries in combination with a remarkable round-trip efficiency and constant decrease in the levelized cost of storage have led to the recent boom of the technology. However, many of the potential applications of large-scale battery systems are not economically viable at this point in time.

Are Li-ion battery systems economically feasible in the EMEA region?

The large-scale energy storage market is evolving at a very fast pace, hence this review paper intends to contribute to a better understanding of the current status of Li-ion battery systems focusing on the economic feasibility that is driving the realization of Li-ion BESS projects in the EMEA region.

Are Li-ion batteries the best energy storage technology?

Overview of distinct energy storage technologies: potential competitors for Li-ion BESS. At this moment in time, Li-ion batteries represent the best commercially available energy storage system in terms of trade-off between specific energy, power, efficiency and cycling.

Are lithium-ion battery energy storage systems a key asset in EMEA?

Conclusions Li-ion battery energy storage systems (BESS) have become important assets within electric networks in Europe, the Middle East and Africa (EMEA) during recent years.

Are Li-ion batteries a viable business case?

The low number of applications that monetize the advantages of Li-ion batteries makes economically viable business cases difficult. Nonetheless, the operational flexibility of electrochemical energy storage systems allows the participation in several applications, either simultaneously in time or co-optimized.