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Lithium battery costs have fallen by 98% in three decades

economist.com

291–300 of 424 posts

Re: Lithium battery costs have fallen by 98% in three decades

#291
post #38

lithium is just cheap because it wrecks some 3rd world countries natural resources. If they'd slap the price of recovery times it will need to regrow nature in that place, it wouldn't be as cheap.

We would just scale up extraction from the ocean, lithium is very prevalent.

ridiculously energy intensive to extract

Re: Lithium battery costs have fallen by 98% in three decades

#293

Earlier quoted context omitted.

The rate of change has been stable over the last 15 years, do you bet it continues for a 16th year or that it stops this year?

The paper says "We estimate that between 1992 and 2016, real price per energy capacity declined 13% per year". Where do you get your data for the last 5 years? Regardless, 1 year isn't the correct duration for a bet. People average owning a car for ~6 years, and the average lifespan is something like 12 years. But depending on terms, I might take a year-over-year bet for battery prices. Demand is high and the pandemi…

BNEF do a price survey, prices have continued to decline at the same rate. The decline was exactly 13% again last year.

Lithium prices have gone down in the last few years, and Cobalt isn’t a necessary component.

Re: Lithium battery costs have fallen by 98% in three decades

#294
post #203

Earlier quoted context omitted.

These are not the same kind of stupid. One makes the assumption that costs will always be the same, and the other makes the assumption that cost decreases are linear, or predictable. The former is much stupider.

Agreed. A first-order approximation leaves a lot to be desired, but it's better than a zeroth-order approximation.

Not necessarily.

If you're coming up to the end of a logistic ("S") curve, then assuming a linear growth (or worse, a fixed rate of increase each year, ie exponential growth) is much worse of an assumption than assuming zero change, if you extrapolate too far.

Re: Lithium battery costs have fallen by 98% in three decades

#295

Earlier quoted context omitted.

Far north New Zealand, 4 bedroom house, no insulation, no double glazing, electric hot water and cooking. 9-10 kWh/day October-May, ~18 kWh/day June-September (dehumidifier). Wood burner (about US$150/winter) when the heat from the dehumidifier isn't enough to maintain 20 C.

Remarkable. I’m in Sydney, my house sounds similar by description but I have gas hot water and stovetop. My house uses over 5 kWh/day for ambient/idle power alone.

I'm typing this on a 32 core ThreadRipper with 32" 4K screen, which runs 24 hours a day! I also have a Zen 2 laptop and a headless M1 Mac Mini running all the time. And assorted Raspberry Pi, HiFive Unleashed etc. But no TV (or at least it's off).

Re: Lithium battery costs have fallen by 98% in three decades

#296

Earlier quoted context omitted.

The rate of change has been stable over the last 15 years, do you bet it continues for a 16th year or that it stops this year?

The paper says "We estimate that between 1992 and 2016, real price per energy capacity declined 13% per year". Where do you get your data for the last 5 years? Regardless, 1 year isn't the correct duration for a bet. People average owning a car for ~6 years, and the average lifespan is something like 12 years. But depending on terms, I might take a year-over-year bet for battery prices. Demand is high and the pandemi…

One kWh of batteries generally requires around 200g of lithium. Both by weight and price it's a crucial, but small component, so unless it suffered a 10x hike, its price isn't relevant.

Meanwhile LiFePO4 batteries, which are currently the most popular chemistry(at least in China), contain no cobalt whatsoever.

Re: Lithium battery costs have fallen by 98% in three decades

#297
post #279
post #247

Earlier quoted context omitted.

This same problem has plagued climate science as well, giving munition for deniers and otherwise just confusing the public. You want to see the real writing on the wall? The IPCC report takes 10 year old settled science and makes models using it. The real, more recent data is much, much worse.

> The real, more recent data is much, much worse. Where can I read anything on this?

There's a video on YouTube, Gwynne Dyer -- Geopolitics in a Hotter World (2010) ( https://www.youtube.com/watch?v=Mc_4Z1oiXhY ), which very briefly touches on it IIRC. I'm talking about the bit that starts at 8m30s on the video, but I highly recommend watching the whole thing (or at leas the 1-hour talk part - the Q&A is practically inaudible for me).

Basically, the IPCC doesn't publish studies - they study compilations of studies, every 4-5 years. And when they start compiling, they have a cut-off date at the very start and only use studies that have been both completed and have passed peer review from before that date.

Meanwhile, the studies themselves have the same problem - they obviously can't start the study with incomplete data and update the data as they go. The studies need to start with data that finished before they started the study.

And on top of that, they're necessarily a reserved body (Icd say "conservative" but that's ambiguous in politics) - IPCC is run by a bunch of governments trying to figure out the bare minimum of emissions reduction they need to commit to, to not be negligent - they don't want to hear bad news unless it's certain.

The end result is that the data in the report is 10+ years out of date.

Re: Lithium battery costs have fallen by 98% in three decades

#298
post #203

Earlier quoted context omitted.

Yes, using obsolete data from when tech was bleeding edge in 1999 to imply things about cost going forward is misleading. On the other hand using improvement over the same timeline, drawing a line on a graph and saying "look how X Y is gonna be in Z years" is the same exact type of stupid but pointed in a different direction. In 1991 lithium was highly immature technology and would take about a decade to make it into…

These are not the same kind of stupid. One makes the assumption that costs will always be the same, and the other makes the assumption that cost decreases are linear, or predictable. The former is much stupider.

It's about mature and immature technologies. 20 years ago, photovoltaic cells had efficiency ranges in the single digits, but rising. When efficiency rises from 5% to 10%, it makes sense to assume that it keeps rising. But electric heaters had efficiency ranges around 95%, even when my parents were kids. Now they have even better efficiency - 99.8% in my newest apartment - which is only 5% better than 50 years ago - because there is a physical limit.

Technology follows an S curve. First it increases slowly, then faster, then more slowly again. It's silly to assume mature technologies will keep getting better at the same rate and silly to assume immature technologies won't get better. Without specifying the technology, one assumption isn't really sillier than the other - physical limits are unintuitive.

Re: Lithium battery costs have fallen by 98% in three decades

#299
post #71

This is important to keep in mind when you read articles and/or studies about how electric cars or wind or solar power is impractical. A lot of the data these studies use is just obsolete. Say you have an opinion piece in a news paper that says that electric cars will always be expensive toys for the rich. It relies on a scientific paper published in a technical journal 2 years ago. The scientific paper does not perf…

I have a similar issue with climate change strategies. The people behind are surely more educated and mentally skilled than I, but I have a feeling they couldn't avoid ignoring false assumptions in the current model, which leads to bad policies and wasted time (and also anxiety).

Re: Lithium battery costs have fallen by 98% in three decades

#300

It’s remarkable what energy dense batteries have enabled. Drones and the entire quadcopter scene wouldn’t be possible without them. Some maneuvers made on a 5” quad can pull more than 100 amps on a 6S, 22V battery. That is around 2,200 watts—more than most consumer microwave ovens! The fact that a battery weighing no more than half a kilogram can supply this much power almost instantly is truly remarkable.

you're extolling energy density (energy per unit volume) but your example is about power delivery (energy per unit time). the former is the real progress. the latter just needs low internal resistance, which is a thing we've had.
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