Next-generation large-scale energy storage system promises ultra-low cost and record lifespan
Lithium costs over 80 times more than iron as a raw industrial material at present. An iron battery may offer a potential solution to one of the biggest bottlenecks in the global energy transition, according to the researchers.
This is a record performance for the field. The findings were published online by the journal Advanced Energy Materials.
“It offers a low-cost, long-life solution for large-scale energy storage,” the institute said in a press release on April 16.
The global energy transition faces a critical bottleneck in storing intermittent power from solar and wind farms at a scale sufficient to stabilise the grid.
Source: News - South China Morning Post
