Overall, lead-acid is the proven and cost-effective technology most frequently used in renewable energy and can provide high energy densities at a lower price per kWh compared to other energy storage technologies. Lead-acid designs can be credited with lowering the cost of entry for energy storage to the point where solar electricity systems can fully leverage storage to operate 24/7 and during emergencies. In regions with very high utility electricity prices, such as Hawaii and other island locations, lead-acid battery-based systems help PV/solar owners achieve grid parity.
Lead Acid Technology Overview (1)
Lithium-Ion
Lithium in its natural state is volatile and very unstable. When a non-metal solution is applied to the lithium to create an alloy, a stable construction is formed with the ability to safely store energy.
Figure 2 - Lithium Ion Chemical Diagram (Source: Andy Chu)
A lithium ion battery consists of positive electrolyte called a cathode which is metal oxide and negative electrolyte called anode which is made up of carbon. The ions between the two electrodes (cathode and anode) travel back and forth during the recharge and charge cycles, creating energy.
There are several raw materials and chemical components made up of a lithium-ion battery, but the 3 most common chemistries are
OPTIMIZING PV SYSTEMS - PART 2: ENERGY STORAGE
Energy Storage eFeature | January 2015