Experts at the U.S. Department of Energy’s (DOE’s) National Renewable Energy Laboratory (NREL) have outlined key measures to limit and reuse the materials used in diverse designs of photovoltaics and lithium-ion batteries (LIB), to establish a circular economy-based sustainable strategy for the sector.
Energy storage can mitigate solar forecast errors aligning well with the sharp demand peaks induced by widespread solar deployment. Energy storage solutions are expected to play a prominent role in expanding the share of electricity demand that can be met by photovoltaics-generated electricity.
According to BloombergNEF, the unit price for LIBs in the last ten years dropped by less than 12% from 2010 and is expected to decrease to 4% by 2035. Given the price fall, the U.S. energy storage market has witnessed a drastic rise in demand for lithium-ion batteries. As the price…
Reusing Discarded Materials Could Spawn a Circular Economy in Energy Storage Sector
