Life duration of battery energy systems worldwide 2023, by device

Published by Statista Research Department, Jun 28, 2024
The maximum service life of battery energy storage systems is 30 years. This record is held by sodium-ion batteries. In comparison, lithium-ion batteries' lifetime reaches a maximum of 15 years. Sodium-ion batteries also account for a high efficiency; less than 10 percent of the energy stored in this type of battery is lost.

Service life of battery energy systems worldwide in 2023, by technology (in years)

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Release date

September 2023

Region

Worldwide

Survey time period

2023

Special properties


*LFP: lithium-iron-phosphate
**LTO: lithium-titanium-oxide
***NMC: lithium-nickel-manganese-cobalt-oxide

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Overview

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Revenue

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Capacity and demand

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Minerals

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Lithium

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Companies

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Sustainability

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