17/01/2024
When looking at the cost of a battery system, either domestically or commercially or as an electric vehicle it is important to look at “total cost of ownership” of TCO.
This means not only considering the initial cost of the battery but;
the costs of all the components of a battery system that are needed for an installation including inverters, MPPT’s, communications etc.,
the length of time to install a complete system,
The running costs associated with the system, including maintenance, The expected lifetime of the battery installation and
End of life disposal costs.
Up until now, in Australia, end of life costs for batteries have not been considered. This is becoming increasingly problematic for lithium-ion batteries. Multiple lithium-ion chemistries need to have multiple processes for dismantling, recycling and recovery processing, meaning there is not a standard recycling process that can be put in place.
In fact, lithium phosphate batteries (LFP), which are a safer lithium-ion battery technology, due to it being less likely to catch fire, actually have less value when recycling, meaning LFP batteries have a higher upfront cost but will also have a higher recycling cost, although they are inherently safer than Li-NMC batteries.
For further information on recycling renewable energy storage batteries visit https://gridedgenews.com/recycling-costs-to-be-added-to-purchase-cost-of-renewable-energy-storage-batteries-new-australian-legislation-coming/
If you would like to know more about getting safe, reliable, recyclable, Sodium Nickel Chloride (molten salt) battery storage for your own home, business or micro-grid application visit us at GridEdge.
We have a number of different sized systems that can cater to your budget and needs from household batteries to grid support installations in shipping containers. They are 100% recyclable, and they won't catch fire!
Recycling costs to be added to purchase cost of renewable energy storage batteries – new Australian legislation coming. Posted on January 17, 2024January 17, 2024 by Linda Category Battery recycling When looking at the cost of a battery system, either domestically or commercially or as an electric...