Lithium ion batteries have a lot of advantages over other batteries, including:
Higher than normal energy density. Lithium ion batteries store more energy than other types of batteries for a similar size of battery, making it possible for ultra-high power densities far exceeding current lithium-ion technology.
Excellent charge efficiency. Because of the smart charging algorithm implemented with the BMS, lithium-ion batteries lose less energy during the charge/discharge cycle than other battery types (Battery Management System). Almost all of the useful when large amounts of energy are being stored (like EVs and solar energy storage).
Very high discharge power. High power energy with higher power cells provide high power on demand to power electric vehicles (EV) and renewable energy storage systems.
Reduced self-discharge. Although low self-discharge NiMH batteries can be found, lithium-ion batteries are by definition low self-discharge.
Higher than normal cell voltage. Which means fewer cells in a series string are needed to come up with a given voltage that may easily power devices.
Extremely safe and thermally stable. Intelligent BMS is important to lithium battery performance; it works as the battery’s brain, in charge of advanced monitoring and management to ensure safety, performance, charge rates, and long lifespan.
It really is light in weight. Lithium ion batteries are significantly lighter than other chemistries for the given size and level of energy storage (including Lead acid battery). Many of the ideal for applications including EVs or small portable devices.
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