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Lithium vs. Lead Acid Batteries: Is the Higher Cost Worth It?

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26 Aug, 2024

This post was originally published on Power Sonic

When choosing between battery options, a common question arises: “Are lithium batteries worth the higher cost?” At first glance, lithium batteries may appear more expensive than lead acid batteries, especially when comparing batteries with similar capacity ratings. However, when you consider the total cost of ownership and performance advantages, lithium batteries can prove to be a more cost-effective option in the long run. In this blog, we’ll explore why lithium batteries, despite their higher upfront cost, offer superior value and efficiency. 

UNDERSTANDING THE COST DIFFERENCES BETWEEN LITHIUM AND LEAD ACID BATTERIES 

The initial price difference between lead acid and lithium batteries can be misleading when evaluating the true value and long-term benefits of each battery type.  

Key Factors Influencing the True Cost of Ownership 

Lithium batteries offer several benefits that can lead to significant savings over their lifespan: 

  1. Extended Lifespan: Lithium batteries typically last 10 years or more, compared to lead acid batteries’ 3-5 year lifespan. This longer lifespan reduces the frequency of replacements and maintenance, resulting in substantial cost savings over time. 
  1. Extended cycle life: Lithium batteries typically cycle 4000 times or more, compared to lead acid batteries’ 200-400 cycle life – a 10x improvement! When cycling the battery once every day, that is almost 11 years of service vs. just more than one year of useful cycle life. 
  1. Greater Depth of Discharge (DoD): Lithium batteries can be discharged to a much lower level without harming their lifespan. In contrast, lead acid batteries should not be discharged below 50% full to avoid damage. 30% DoD is an ideal cycle for ensuring a lead acid’s long life whereas lithium can be discharged 100%. This allows lithium batteries to provide more usable energy, potentially reducing the need for a larger battery bank. 
  1. Higher Efficiency: Lithium batteries are highly efficient in charging and discharging, with minimal energy wasted as heat. Internal resistance, the natural opposition to electrical current within a battery, causes energy loss as heat. Lithium batteries have lower internal resistance than other types, like lead acid batteries, reducing this energy loss. This also allows for faster charging, resulting in better performance, lower energy costs, and less downtime spent charging. 
  1. Reduced Maintenance: Lithium batteries require minimal maintenance compared to lead acid batteries. They do not require regular electrolyte checks and are less prone to issues like sulfation, which can degrade lead acid batteries. 
  1. Space and Weight Savings: Lithium batteries are lighter and more compact than lead acid batteries, making them ideal for space-constrained applications such as RVs, boats, and electric vehicles. 
Lithium Batteries for Marine and RV

Lower Capacity Lithium Batteries: Real Cost Benefits 

This is where the real cost benefits become evident. Because lithium batteries can be discharged more deeply and operate more efficiently, you don’t need as large of a battery to achieve the same usable capacity as a lead acid battery. This means you can often opt for a lower capacity lithium battery, resulting in a lower initial investment while still benefiting from superior performance and a longer lifespan.  

For example, if you would like a 100Ah system you must buy three 100Ah SLA batteries to ensure you only discharge them about 30% to guarantee a long life. A 100Ah lithium system would require only one 100Ah lithium battery because you can use 100% of the available capacity.

The Financial Impact of Frequent Replacements 

Another crucial factor in the cost comparison is the frequency of replacements. Lead acid batteries typically need to be replaced every 3-5 years. Over a 10-year period, this could mean purchasing and installing two to three sets of lead acid batteries, incurring additional costs for the batteries, labor, and disposal fees. 

In contrast, a lithium battery with a 10-year (or longer) lifespan requires only one purchase within the same period. This reduces replacement frequency and associated costs, making the overall cost of ownership for lithium batteries lower despite their higher initial price. 

Practical Example: Cost Comparison 

Consider an RV owner needing a 200Ah battery bank. A lead acid battery bank of this size might cost $800 and require replacement every 3-4 years. Over a 10-year period, the total cost for lead acid batteries could reach $2,400 due to the need for frequent replacements. 

On the other hand, a single 100Ah lithium battery, priced at well less than $1,000, provides the same usable capacity due to its deeper discharge and efficiency and lasts the full 10 years. The longer lifespan and lower maintenance requirements of lithium batteries offset the higher upfront cost, making them a more economical choice. 

Lithium Battery Bank

Is Investing in Lithium Batteries Worth It? 

While lithium batteries may have a higher initial cost compared to lead acid batteries, their extended lifespan, greater efficiency, and reduced maintenance can lead to significant savings over time. The ability to use a lower capacity lithium battery to achieve the same performance further enhances their cost-effectiveness. 

Ultimately, the choice between lithium and lead acid batteries should be based on your specific needs and usage patterns. However, with their numerous benefits and potential for lower overall costs, lithium batteries often prove to be a worthwhile investment. 

For more insights, visit our blog “The Complete Guide to Lithium vs. Lead Acid Batteries.” 

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ABB receives EPD status for gearless mill drive ring motor

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ABB has gained Environmental Product Declaration (EPD) status for its Gearless Mill Drive (GMD) ring motor — technology used to drive large grinding mills in the mining industry.

An EPD is a standardised document that provides detailed information about the environmental impact of a product throughout its life cycle. Based on a comprehensive Life Cycle Assessment (LCA) study, the EPD highlights ABB’s commitment to transparency, environmental responsibility and supporting customers in making informed decisions on sustainability in their supply chains.

ABB analysed the environmental impact of a ring motor across its entire life cycle from supply chain and production to usage and end-of-life disposal. The study was conducted for a ring motor of a semi-autogenous grinding (SAG) mill with an installed power of 24 MW and was based on a reference service life of 25 years.

“Sustainability is at the core of our purpose at ABB, influencing how we operate and innovate for customers,” said Andrea Quinta, Sustainability Specialist at ABB. “By earning the Environmental Product Declaration for our ring motor, we emphasise our environmental stewardship and industry leadership for this technology. We adhered to the highest standards throughout this process, as we do in the ABB Ring Motor factory every day. This recognition highlights to the mining industry what they are bringing into their own operations when they work with ABB.”

The comprehensive LCA was conducted at ABB’s factory in Bilbao, Spain, and was externally verified and published in accordance with international standards ISO 14025 and ISO 14040/14044. It will remain valid for five years.

The ring motor, a key component of the GMD, is a drive system without any gears where the transmission of the torque between the motor and the mill is done through the magnetic field in the air gap between the motor stator and the motor rotor. It optimises grinding applications in the minerals and mining industries by enabling variable-speed operation, leading to energy and cost savings.

The full EPD for the ABB GMD Ring Motor can be viewed on EPD International.

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