How much does a VRFB cost?
To validate our model outputs, we compare our base case to other LCOS models of VRFBs in the open literature. Lazard's annual levelized cost of storage analysis is a useful source for costs of various energy storage systems, and, in , reported levelized VRFB costs in the range of 293–467 $ MWh −1 (for mid-scale systems ~10 MWh) .
Can a VRFB be rebalanced?
In contrast, VRFBs can be rebalanced to restore lost capacity without additional capital expenditure. Thus, while VRFBs have significantly higher capacity fade rates than state-of-the art Li-ion batteries, the resilience of the VRFB electrolyte may lead to cost savings over the project lifetime.
How do you recover a lost capacity in a VRFB?
The primary method for recovering the lost capacity in VRFBs is termed rebalancing, where the negative and positive electrolytes are mixed to equilibrate the concentration of vanadium ions in each electrolyte. Rebalancing is generally performed once the accessible capacity drops to a predefined level that is determined by application requirements.
What is the rate of VRFB component degradation?
We include two additional data points obtained from a recent review on VRFB component degradation by Yuan et al. [26, 57, 58], which cites two experimental values for the rate of capacity decay as 1.3% and 0.067% per cycle (not shown in Fig. 2 because cycling data was not provided).
Is long-term VRFB cycling data available?
It is important to note the limited amount of long-term VRFB cycling data in the open literature as compared to shorter-term cell tests (i.e. cyclic voltammograms, IV polarizations, etc.), likely because cycling analyses are both more time-consuming and experimentally challenging.
What is a battery rebalancing and servicing framework?
The framework offers a systematic means of assessing battery operation with rebalancing and servicing providing new insights to cost reduction strategies. Leveraging this model, we are able to draw several important conclusions.
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