The Future Of Lithium-Ion Battery
The analysts have forecasted that by 2019, the price for the Lithium-Ion Battery will fall to $200/kWh. This reduction alone will make them the first choice for micro-grids and residential units.
By 2025, the US storage market will dominate, with a 21% increase in compound annual growth rate (CAGR). It will be followed by Australia and Japan.
It is expected that by 2030, the installation costs for complete solar systems with battery support will fall 60% as a result of technological development.
It is likely the lithium-ion battery with solar storage will become an automatic inclusion of planning most autonomous solar systems. It won’t just be a case of it being a viable solution for lighting the later hours of the night. It will be the most cost effective option for electrical generation.