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LiFePO4 - The future for off-grid battery banks?
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And Bitcoin mining sure puts an interesting twist on how we'll use electricity in the future. Considering that a factory with a huge need for electricity in an overpriced area but let's say they buy the rights to an abundance of free energy in a remote part of the world they can instead of transmitting that power use it to mine Bitcoin to buy the electricity they need where they need it. It's an interesting concept.Leave a comment:
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Yes, we are in an inflationary spiral including the cost of fuel. I agree rates will probably go up for many reasons. I have done the economics and agree with long time poster, Jflorey, that Lithium storage is long term more economical than FLA.
I haven't done the economics yet....
I then expect the next set of batteries to be much more expensive to the POCO's who will then pass on that cost to their customers. If you look at what other manufacturers have done in the past to latch onto a market I expect the battery manufacturers to do the same or they will lose investors if the profits drop.
In California the market is deregulated. Private investor groups are building battery facilities and selling into the spot market or getting paid for providing ressource availability. The projects have been more competitive than gas fired peakers.Last edited by Ampster; 10-19-2022, 02:28 AM.Leave a comment:
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I haven't done the economics yet but I will bet some POCO's have gotten their large Li battery systems for maybe cost or lower otherwise you would see a rise in electric rates to cover that expense.
Economics should drive most rational decision making. Scale does favor the larger facilities, but as demonstrated above, the economics are still there at small scale for those with a long term view. I don't know of any examples of Li manufacturers almost giving away their products. Do you?
I then expect the next set of batteries to be much more expensive to the POCO's who will then pass on that cost to their customers. If you look at what other manufacturers have done in the past to latch onto a market I expect the battery manufacturers to do the same or they will lose investors if the profits drop.Last edited by SunEagle; 10-16-2022, 09:46 AM.Leave a comment:
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I figured I'd check this against some available batteries out there.
EG4 LFP: $1500 for 5kwhr, 4kwhr usable: $375/kwhr
-Lifetime ~5000 cycles, cost per lifetime kwhr $0.08
Costco T105: $130 for 1.3kwhr, .6kwhr usable: $216/kwhr
-Lifetime ~500 cycles, cost per lifetime kwhr $0.43
Rolls S6 L16: $395 2.6kwhr 1.3kwhr usable: $303/kwhr
-Lifetime ~1900 cycles, cost per lifetime kwhr $0.16
I built my LFP 11.5 kwh battery for about $1,950.00 Quality Eve cells from a very reputable dealer (shipped from Houston)
10 kwh usable $195 per kwh
5000 cycles cost per kwh 0.04Leave a comment:
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Agreed - which is why I included Costco T105's as a better comparison against a bottom-tier LFP battery.
Battleborn, Renogy, Discover, SimpliPhi and a few other LFP batteries are strangely expensive. For a better comparison you could look at Pylontech which have been doing very well in tests. Now that they have gone to 16S they are much easier to use as well. So for those:
Pylontech US3000C: $1757 3.5kwhr 2.8kwhr usable: $627/kwhr
-Lifetime 4000 cycles, cost per lifetime kwhr $0.15
Leave a comment:
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Economics should drive most rational decision making. Scale does favor the larger facilities, but as demonstrated above, the economics are still there at small scale for those with a long term view. I don't know of any examples of Li manufacturers almost giving away their products. Do you?
Well I feel the main reason for the POCO's using Li chemistry is because the Li battery manufacturers were trying to get a larger share of the market. They almost gave away the first set knowing that they can increase their charge for the next set the POCO has to purchase.
But that has really nothing to do with a homeowner going with Li chemistry.Leave a comment:
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Well I feel the main reason for the POCO's using Li chemistry is because the Li battery manufacturers were trying to get a larger share of the market. They almost gave away the first set knowing that they can increase their charge for the next set the POCO has to purchase.
But that has really nothing to do with a homeowner going with Li chemistry.Leave a comment:
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LFP battery costs have certainly dropped but don't think you can put EG4 in the same tier as Rolls. It would be more appropriate to compare Battleborn with Rolls. Battleborn LFP battery prices are much higher than EG4 and other similar tier brands (e.g. SOK, etc.).I figured I'd check this against some available batteries out there.
EG4 LFP: $1500 for 5kwhr, 4kwhr usable: $375/kwhr
-Lifetime ~5000 cycles, cost per lifetime kwhr $0.08
Costco T105: $130 for 1.3kwhr, .6kwhr usable: $216/kwhr
-Lifetime ~500 cycles, cost per lifetime kwhr $0.43
Rolls S6 L16: $395 2.6kwhr 1.3kwhr usable: $303/kwhr
-Lifetime ~1900 cycles, cost per lifetime kwhr $0.16Leave a comment:
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That has been my opinion for some time. Glad to see you have an open mind. Also glad to see this forum is open to current realities. There is a reason why commercial energy storage has been using Lithium chemistry.Leave a comment:
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Well I guess FLA is no longer cost effective compared to Li chemistry batteries. Good to know. Thanks for the workI figured I'd check this against some available batteries out there.
EG4 LFP: $1500 for 5kwhr, 4kwhr usable: $375/kwhr
-Lifetime ~5000 cycles, cost per lifetime kwhr $0.08
Costco T105: $130 for 1.3kwhr, .6kwhr usable: $216/kwhr
-Lifetime ~500 cycles, cost per lifetime kwhr $0.43
Rolls S6 L16: $395 2.6kwhr 1.3kwhr usable: $303/kwhr
-Lifetime ~1900 cycles, cost per lifetime kwhr $0.16Leave a comment:
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I figured I'd check this against some available batteries out there.
EG4 LFP: $1500 for 5kwhr, 4kwhr usable: $375/kwhr
-Lifetime ~5000 cycles, cost per lifetime kwhr $0.08
Costco T105: $130 for 1.3kwhr, .6kwhr usable: $216/kwhr
-Lifetime ~500 cycles, cost per lifetime kwhr $0.43
Rolls S6 L16: $395 2.6kwhr 1.3kwhr usable: $303/kwhr
-Lifetime ~1900 cycles, cost per lifetime kwhr $0.16Last edited by jflorey2; 10-15-2022, 12:29 AM.Leave a comment:
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The cost per kwh fully depends on your ability to find the deal. My cost was unheard of cheap. I bought 700kwh and more but you can get brand new cells straight from China for a dang good deal which makes fla a thing of the past.
IMO any battery chemistry that includes Lithium will last longer then FLA type. What I have said in the past and repeat now is you have to weigh in the cost of Li chemistry against FLA type to see which is more cost affective for you. The last time I compared them the Li was still much more expensive for the kWh it could produce in it's life then a quality FLA battery.
As Li chemistry batteries improve I believe the cost per kWh will come down and they will be very competitive to FLA type.Leave a comment:
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IMO any battery chemistry that includes Lithium will last longer then FLA type. What I have said in the past and repeat now is you have to weigh in the cost of Li chemistry against FLA type to see which is more cost affective for you. The last time I compared them the Li was still much more expensive for the kWh it could produce in it's life then a quality FLA battery.Thanks for that update, that's completely awesome. There's still so many people out there who think this chemistry isn't proven. My LifePO4 batteries are also 12 years old and still holding 96% of their original rating. These things are truly a dream compared to the other chemistries.
As Li chemistry batteries improve I believe the cost per kWh will come down and they will be very competitive to FLA type.Leave a comment:
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Thanks for that update, that's completely awesome. There's still so many people out there who think this chemistry isn't proven. My LifePO4 batteries are also 12 years old and still holding 96% of their original rating. These things are truly a dream compared to the other chemistries.Leave a comment:
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