Nowadays, people has a strong reliance on power supply. Electricity is an must need to power the electronic appliances and maintain our normal daily life.
According to the IEA report about the historical development of global electricity demand, it is said that in 2009 when there is a global economic recession, the global electricity demand dropped by 0.6% (net 103 TWh). However, the global electricity demand seen a great rebound in 2020 (up 7.2%, 1340Twh). It was headed by China (up 13.1%, 460 TWh), the United States (up 4.6%, 182 TWh), Japan (up 7.8%, 82 TWh) and India (up 9.1%, 65 TWh). In total, developed economies grew by 4.8%, while electricity demand in emerging and developing economies in 2010 exceeded 2009 by 10.2%. In 2021, the electricity demand is continuously increase. IEA reported that it is expected to grow by 3% (about 700 TWh), slower than the projected 5.2% real GDP growth. Generally, the global electricity demand is increasing than in 2019.
The growth of global electricity demand further boost the renewable energy development and Energy Storage . As the Allied Market Research said, the global renewable energy market is anticipated to reach $1,512.3 Billion by 2025, registering a CAGR of 6.1% from 2018 to 2025. It was valued at $928.0 Billion in 2017. Renewable energy technology converts energy from different natural resources (such as the sun, tides, wind, and others) into its usable form (such as electricity). The solar energy segment is expected to grow at the highest growth rate during the forecast period.
The growth of global electricity demand and renewable energy development has drown the development of battery for energy storage . Battery as an important component that combined with photovoltaic power system to achieve peak shaving and valley filling, load compensation, and improve the power quality, the reliability of battery is significant.
lithium iron phosphate battery, as an advanced Lithium Battery technology, it is a good option for energy storage system. With the characteristic of high safety and stability, the Lithium Phosphate Battery can be in control range even if a battery failure occurs. With no explosion and combustion, LiFePO4 Battery is good choice to ensure the safe operation of power station.
With the built in Battery Management System, the capacity and performance of the Lithium Iron Phosphate Battery can be detected and diagnosed, so that the control system can realize the dispatch control of the power station load under the condition of predicting the battery capacity and performance.
UFO POWER has focused on Lithium Battery For Energy Storage Syste over a decade. We are dedicated to provide affordable LiFePO4 battery for energy storage power station but not compromise on the high quality. Our CE, MSDS, UN38.3, IEC certificates is our commitment to high quality. If you are sourcing LiFePO4 Battery Pack for your solar energy storage project, we are ready here to offer a battery solution. The increasing of global electricity will lead to the need of the lithium battery gradually.
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