The most common types of batteries used in residential energy storage systems include:
- Lithium-Ion Batteries: These are the most widely used for residential energy storage due to their high energy density, long lifespan (often over 10 years), and high efficiency. They are ideal for homes with solar installations and offer a compact storage solution, although they have a higher upfront cost.
- Lead-Acid Batteries: These batteries are traditional and cost-effective, making them suitable for budget-conscious homeowners or applications where space is not a constraint. However, they have lower energy density and a shorter lifespan compared to lithium-ion batteries.
- Flow Batteries: While not commonly used in residential settings due to their large footprint and higher costs, flow batteries are promising for large-scale energy storage applications. They offer long cycle life and safety benefits but are not widely adopted for home use.
These types of batteries each cater to different needs based on cost, efficiency, and application requirements.
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