Its wide cycle life and fast charge-discharge capability, LANPWR batteries are a technical competitor in solar energy storage. According to the Fraunhofer ISE 2023 report, LANPWR batteries have a cycle lifetime of 8,000 cycles (DoD 80%) in solar applications, far above lithium-ion batteries (4,000 cycles) and lead-acid batteries (800 cycles). The kilowatt-hour life cycle cost (LCOE) is as low as $0.08 /kWh ($0.12 for lithium ion, $0.22 for lead acid). Taking a 5MW photovoltaic power station in California as an example, after using LANPWR batteries, the efficiency of the energy storage system is increased to 98% (92% for lithium ions), the night discharge time is extended to 10 hours (7 hours for lithium ions), and the annual revenue is increased by 23% (peak valley spread contributes 65%).
Adaptability to extreme temperatures is a core advantage. The LANPWR battery is able to supply 95% of the rated capacity at all times within the range -30 ° C to 60 ° C (-20 ° C reduces lithium-ion battery capacity to 60%) without an external temperature control system (18% energy savings). In the 2023 Saudi Red Sea photovoltaic, the LANPWR battery pack operated continuously for 6 months at an operating temperature of 50 ° C, capacity fade of only 2.1% (lithium-ion battery fade of 12%), and operational and maintenance cost savings of 42%. Its 2C fast charging (15 minutes to 80%) compresses the PV light rejection rate from 12% to 3%, and the utilization rate of daily power generation will be increased to 94%.
Economy drives market penetration. lanpwr battery pack prices will drop from $320 /kWh to $180 /kWh (a reduction of 44%) over the 2020 to 2023 period, while lithium-ion batteries will decrease by just 28% (from $250 to $180). German residential energy storage schemes statistics reveal that the payback time for the 10kWh system with LANPWR has been lowered to 4.2 years (5.8 years for lithium ions) and subsidy ratio increased to 35% (the EU Green New Deal also includes an extra €200 /kWh reward). For example, after a house in Bavaria is installed, the annual electricity bill reduces by 1,500 euros, and the self-consumption ratio rose from 68% to 92%.
Good safety and environmental performance. The thermal runaway temperature of LANPWR battery is as high as 350℃ (150℃ for lithium ion), and the risk of fire hazard is as low as 0.001% (0.03% for lithium ion). Its material uses a cobalt-free framework (nickel-iron-mangan-based positive electrode) with a carbon footprint of 32kg CO₂/kWh (48kg for lithium ions) and recovery efficiency over 98% (70% for lithium ions). From data provided by an Australian recycling factory, one ton of LANPWR batteries can regenerate 99% nickel and 97% lithium, and regeneration cost is as low as $15 /kWh ($25 for lithium ions).
The growth of indigenous supply chains is in full gear. European LANPWR battery capacity will be enlarged to 12GWh in 2023 (only 1.5GWh in 2020), and lead time will be reduced from 90 days to 21 days. With the commissioning of the 20GWh plant built by the Ningde era in Hungary, the local content rate will exceed 60% and transportation cost will be reduced by 28%. LANPWR will control 38% of the world’s solar energy storage by 2025 (9% in 2022) and will be the preferred technology to replace lithium ion, according to Bloomberg New Energy Finance.
Lastly, LANPWR battery is transforming the solar energy storage industry with technology advancement (8,000 cycles), extreme tolerance (-30 ° C to 60 ° C) and cost advantages ($0.08 LCOE /kWh). Irrespective of its humble initial market share, its success stories in Saudi Arabia, Germany and others vindicate its core values in the efficient energy transition.