Energy Storage Science and Technology ›› 2025, Vol. 14 ›› Issue (9): 3622-3635.doi: 10.19799/j.cnki.2095-4239.2025.0203

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

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:2025-02-28 Revised:2025-04-07 Online:2025-09-28 Published:2025-09-05
  • Contact: Xing JU E-mail:120242202501@ncepu.edu.cn;scottju@ncepu.edu.cn

Abstract:

Liquid immersion cooling battery energy storage systems (BESS) have garnered significant attention owing to their superior heat transfer performance and high battery consistency. However, comprehensive studies on their economic feasibility remain scarce. This paper presents a technical and economic analysis of immersion-cooled BESS. The study begins with a technical comparison, detailing key features, system configurations, and components of pack immersion, cluster immersion, BESS cabinets, and BESS containers. Subsequently, based on the overall system structures, main component costs, heat generation calculation models, and economic evaluation frameworks, the economic performance of four immersion energy storage configurations is assessed. Furthermore, the impact of battery lifespan extension under immersion thermal management on overall system economics is examined, alongside an analysis of the influence of immersion fluid costs and structural parameters. The results indicate that, under certain conditions, economic metrics such as payback time (PBT), net present value (NPV), and internal rate of return (IRR) for immersion-cooled systems fall within a favorable range. For example, 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%, underscoring the economic advantages of immersion-cooled BESS.

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

CLC Number: