Lithium-Ion Capacitors to Overtake Supercapacitors, According to New Report
Lithium-ion capacitors (LIC) are set to become the leading energy storage solution, surpassing the growing sales of supercapacitors, according to the latest comprehensive report by Zhar Research. Titled “Lithium-ion capacitors and other battery supercapacitor hybrid storage: market forecasts, roadmaps, deep technology analysis, manufacturer appraisal, next successes 2024-2044,” the 480-page report delves into the world of battery-supercapacitor hybrids, including LIC.
One of the main reasons for this rapid adoption of LIC is due to its parameters, which are now becoming the best rather than a compromise. This is followed by the virtuosity following megatrends in demand and the fit-and-forget feature.
LIC: Better than Supercapacitors and Lithium-Ion Batteries
What makes LIC stand out is that it is significantly better than supercapacitors or lithium-ion batteries, which are its primary components. Unlike 34% of supercapacitor manufacturers who still use the flammable toxigen acetonitrile, LIC does not. Additionally, LIC boasts higher power capabilities than supercapacitors as it is not limited by two electrochemical double layers.
Australian Researchers Make Surprising Discoveries
Recent research from Australia has revealed even more potential for LIC. The Zhar Research report, “Redox Flow Batteries: 26 Market Forecasts, Roadmaps, Technologies, 48 Manufacturers, Latest Research Pipeline 2024-2044” highlights the significant contributions made by Australian researchers in the field of energy storage. One of the most groundbreaking discoveries is the paper published by the Research School of Chemistry at the Australian National University, titled “We may be underestimating the power capabilities of lithium-ion capacitors” in the Journal of Power Sources Volume 591, 30 January 2024, 233857. This paper highlights how the power capabilities of LIC are understated and may even exceed those of supercapacitors. The researchers also suggest that slow charging can further improve the power characteristics of LIC.
Megatrends Driving the Adoption of LIC
The versatility of LIC is what makes it the ideal energy storage solution for a wide range of applications. With energy densities ranging from 10Wh/kg to 200Wh/kg, LIC can cater to various needs, making it a popular choice for many industries. Its non-toxic, non-flammable, and temperature-tolerant components make it a safer alternative to other energy storage options. Moreover, LIC can be stacked, making it a suitable option for large-scale applications such as solar buildings. Its fit-and-forget feature is also a significant selling point, as it offers a long cycle life and calendar life, making it a cost-effective option in the long run.
Competition and Evolution in the Market
According to the Zhar Research report, redox flow batteries (RFB) and lithium-ion batteries (LIB) will not compete significantly as they cater to different needs. RFB is better suited for long-term grid and beyond-grid storage, while LIB excels in providing high currents and pulses for heavy-duty electric vehicles. The report also predicts that RFB will trend towards the hybrid option, while LIB will continue to focus on developments in the research pipeline. This includes exploring new materials such as MXenes, graphene, and metal organic frameworks to enhance LIC’s performance.
The Future of LIC
While LIC has made significant strides in the energy storage market, there is still room for improvement. The report highlights the need for better pulse performance, charge retention, and the use of scarce materials and toxicity issues. Companies like Nuvvon are already working on developing a solid-state battery with a 60C charge rate using organic electrodes, which could potentially compete in the BSH space.
For more information on the latest developments and trends in the energy storage market, visit www.zharresearch.com and www.giiresearch.com.
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.