AUGMENT YOUR
EXPECTATIONS,
NOT YOUR BATTERY
EnerVenue is challenging conventional energy storage design with its differentiated technology
Fire safety, limited lifespan and costly augmentation scenarios are among the critical risks that project owners and financiers must confront when deploying Li-ion technology in their stationary energy storage projects.
But there is a better solution, and stakeholders are learning they don’t have to accept the limitations of Lithium-ion. Simply put, EnerVenue delivers where Li-ion cannot.
It is time to augment your expectations, not your battery:
Fire, thermal runaway and explosion risk
- Fire and explosion risk of Li-ion batteries are well-documented, and can result from manufacturing defects, system design flaws, charging issues, low quality components, among others
- Fire incidents pose a revenue risk that could severely inhibit profitability through system downtime and equipment repair/replacement costs
- “Safety issues related to lithium-ion batteries further restrict the use of lithium-ion batteries in long duration energy storage applications.”
—Wood Mackenzie
Limited cycle life
- Cycling limitations hinder a plant’s ability to deliver consistent revenue to system owners over the long-term
- Li-ion’s chemistry is subject to much more severe degradation, which occurs much faster, often as early as 2,000 cycles
- Uncertain or inconsistent degradation can complicate servicing while interrupting system uptime
High operational costs
- Battery chemistry is subject to severe, unpredictable degradation, which necessitates complex, frequent maintenance
- Augmentation is typically required every five years to ensure reliable energy performance, eroding project economics and ROI
- System downtime due to O&M can compromise expected revenue streams
- Monitoring and maintenance expenses due to complex auxiliary HVAC and fire suppression systems are costly and reduce overall system efficiency
Limited application flexibility
- Li-ion batteries have a very specific set of operational conditions that limit a system owner’s ability to maximize revenue
- Restrictions on over-charge and over-discharge are rigid due to the volatility of battery chemistry, with the potential for extreme damage in deep discharge scenarios
- Li-ion battery power and energy capacity are coupled, rendering the technology economically unviable to provide long duration energy storage services
High investment risk
- Augmentation costs can put profitability at risk, especially when the question isn’t whether to augment, but when?
- “The short technical life of a Li-ion battery makes augmentation essential to meet project lifespans.”
—Wood Mackenzie - Minerals needed to produce Li-ion batteries are already in short supply, and the growth of the electric vehicle market introduces further risk to procurement
- “Soaring battery raw materials prices have caused growing concerns about using lithium-ion batteries in energy storage applications.”
—Wood Mackenzie