Definition:
A type of rechargeable battery commonly used in energy storage systems and electric vehicles due to its high energy density.
Key Components:
- Anode (graphite)
- Cathode (lithium-based materials)
- Electrolyte and separator
Use Cases/Industries:
- Electric vehicles (EVs)
- Consumer electronics
- Grid-scale energy storage
Advantages:
- High energy density
- Long cycle life
- Fast charging capability
Challenges:
- Degradation over time
- Risk of overheating and thermal runaway
- Limited raw material supply for lithium extraction
Related Terms:
Battery Energy Storage System (BESS), Solid-State Battery, Flow Battery
Example:
Tesla’s Powerwall uses lithium-ion batteries to store excess solar energy for home use at night.
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Synonyms:
Li-Ion Battery, Lithium Battery, LIB
