Energy Storage Science and Technology ›› 2024, Vol. 13 ›› Issue (1): 345-357.doi: 10.19799/j.cnki.2095-4239.2023.0558

• Technical Economic Analysis of Energy Storage • Previous Articles     Next Articles

Techno-economic analysis for the preparation of Li-ion battery's ternary cathode material using flame spray pyrolysis

Wen DU(), Junlei WANG, Yunfei XU, Shilong LI, Kun WANG()   

  1. State Key Laboratory of Engine, Tianjin University, Tianjin 300354, China
  • Received:2023-08-07 Revised:2023-09-18 Online:2024-01-05 Published:2024-01-22
  • Contact: Kun WANG E-mail:duwas_2022@tju.edu.cn;kwang5@tju.edu.cn

Abstract:

The cost of cathode materials contributes to approximately 30% of the manufacturing cost of lithium-ion batteries and is the main influencing factor in the price of battery packs. The production of nickel-rich ternary cathode material, LiNi0.8Co0.1Mn0.1O2 (NCM811), using flame spray pyrolysis (FSP) has lower energy consumption and needs less production equipment, which could considerably reduce the manufacturing cost of the cathode material. The objective of the present study is to quantitatively evaluate the technical and economic feasibility of producing nickel-rich ternary cathode materials using flame spray pyrolysis. The mass, energy, and emission flow rate of the NCM811 production by FSP were evaluated, and the minimum cathode material selling price (MCSP) was obtained and compared with the traditional carbonate coprecipitation pathway. The mass and energy balance results showed that the FSP process can reduce 41% of CO2 emissions, 85% of power consumption, and 29% of water consumption compared with the traditional pathway due to the advantages of compressing sintering time. The economic analysis results showed that the MCSP under breakeven conditions was 221.1 CNY/kg, about 18% lower than the current market price. The sensitivity analysis results showed that the price of raw materials was the most important factor. If the materials' prices were decreased by 25%, the NCM811 MCSP from FSP could achieve a price of 172.0 CNY/kg.

Key words: flame spray pyrolysis, techno-economic analysis, nickel-rich ternary cathode material, Li-ion battery

CLC Number: