Building up the success of lithium-ion batteries
Lithium-ion energy storage is one of the most promising technologies for the transition to clean energy. Springboarding straight from its success on the Sintbat project, the ECO2LIB consortium is upgrading its breakthroughs further. In 2019, the Sintbat project was declared a success, as the consortium created a cheap, low-maintenance lithium-ion energy system that targets a lifetime of 20 years. Towards the end of that same year, the consortium announced the ECO²LIB project. Designed to upgrade what they had already achieved in Sintbat, the project runs from 2020 to 2024 and was approved for funding from Horizon2020. The importance of energy storage Reducing costs is at the heart of the ECO²LIB project. The European Association for the Storage of Energy’s report estimates that by 2050, Europe alone will require 600GW of energy storage, and is currently running behind the deployment of sustainable energy producers. Furthermore, solar energy is an example of meteorologically dependent energy production, meaning that there are peak periods and low periods of production. As such, energy storage will be required to take on …