Energy Storage Science and Technology

   

Technical and economic analysis of liquid immersion cooling for lithium-ion battery energy storage system

Jijin LIN1(), Qian LIU1, Tao QU2, Jingkun LI2, Dongyong HUANG2, Xiaoqing ZHU1, Xing JU1()   

  1. 1.Beijing Laboratory of New Energy Storage Technology, School of Energy Power and Mechanical Engineering, North China Electric Power University, Beijing 102206, China
    2.Castrol (Shanghai) Management Ltd, Shanghai 201206, China
  • Received:2025-03-03 Revised:2025-04-07
  • Contact: Xing JU E-mail:120242202501@ncepu.edu.cn;scottju@ncepu.edu.cn

Abstract:

The immersion cooling battery energy storage system (BESS) has attracted increasing attention due to its excellent heat transfer performance and high battery consistency. However, comparative research on the economic feasibility of immersion cooling remains limited. This paper conducts an economic analysis based on the characteristics of immersion cooling BESS. The study begins with a technical comparison of immersion cooling BESS, examining key features, system structures, and components of pack immersion, cluster immersion, BESS cabinet, and BESS container. Subsequently, based on the overall system structure and the costs of main components, along with heat generation calculation models and economic analysis models, the economics of four immersion energy storage configurations are evaluated. Furthermore, the paper analyzes the impact of battery lifespan changes under immersion thermal management on system economics and calculates the influence of immersion fluid costs and structural factors. The results indicate that, under certain conditions, the economic metrics of immersion energy storage systems—such as payback time (PBT), net present value (NPV), and internal rate of return (IRR)—fall within a reasonable range. For instance, the pack-immersed battery container system exhibits a static PBT of 4.65 years, a dynamic PBT of 5.81 years, an NPV of CNY 4.3409 million, and an IRR of 18.14%, highlighting the economic advantages of immersion energy storage systems.

Key words: lithium-ion battery energy storage, immersion cooling, economic analysis, battery lifespan

CLC Number: