Lithium-ion batteries are popular because they have a number of important advantages over competing technologies:
- They're generally much lighter than other types of rechargeable batteries of the same size. The electrodes of a lithium-ion battery are made of lightweight lithium and carbon. Lithium is also a highly reactive element, meaning that a lot of energy can be stored in its atomic bonds. This translates into a very high energy density for lithium-ion batteries. Here is a way to get a perspective on the energy density. A typical lithium-ion battery can store 150 watt-hours of electricity in 1 kilogram of battery. A NiMH (nickel-metal hydride) battery pack can store perhaps 100 watt-hours per kilogram, although 60 to 70 watt-hours might be more typical. A lead-acid battery can store only 25 watt-hours per kilogram. Using lead-acid technology, it takes 6 kilograms to store the same amount of energy that a 1 kilogram lithium-ion battery can handle. That's a huge difference [Source: Everything2.com].
- They hold their charge. A lithium-ion battery pack loses only about 5 percent of its charge per month, compared to a 20 percent loss per month for NiMH batteries.
- They have no memory effect, which means that you do not have to completely discharge them before recharging, as with some other battery chemistries.
- Lithium-ion batteries can handle hundreds of charge/discharge cycles.
That is not to say that lithium-ion batteries are flawless. They have a few disadvantages as well:
- They start degrading as soon as they leave the factory. They will only last two or three years from the date of manufacture whether you use them or not.
- They are extremely sensitive to high temperatures. Heat causes lithium-ion battery packs to degrade much faster than they normally would.
- If you completely discharge a lithium-ion battery, it is ruined.
- A lithium-ion battery pack must have an on-board computer to manage the battery. This makes them even more expensive than they already are.
- There is a small chance that, if a lithium-ion battery pack fails, it will burst into flame.