Lithium-Ion Batteries

A Lithium-ion or Li-ion battery is a type of rechargeable battery which uses the reversible reduction of lithium ions to store energy. 

The most common type of battery used in energy storage systems is lithium-ion battery. In fact, lithium-ion batteries make up 90% of the global grid battery storage market. If you have a solar battery at your home or business, it is almost certainly a lithium ion battery.

Lithium-ion batteries have a lot of advantages. They require almost no regular maintenance. They also have a higher battery energy density, which means that they can hold more energy in a smaller space. Therefore, lithium-ion batteries are best for residential solar installations because they can hold more power in a limited space. Also, lithium-ion batteries have a longer lifespan, and most have a guaranteed warranty of at least 10 years. However, one of the biggest disadvantages of lithium-ion batteries is that they are more expensive than other energy storage technologies.