The first factor to consider is the BESS duty cycle and C-rate. A system operating at a relatively low C-rate may not require the complexity of liquid or immersion cooling. Air cooling can often provide sufficient thermal management in these applications.
As the C-rate and power density increase, heat generation also increases. In such systems, liquid cooling can provide better temperature control and help minimize thermal derating.
The site environment is another important consideration. A BESS operating in a hot climate can place a greater demand on the cooling system. Ambient temperature, solar radiation, humidity, dust, and enclosure design all need to be considered during thermal-system sizing.
Space is also important. Air-cooled systems generally require more airflow space, while liquid cooling allows a more compact battery architecture.
Finally, cooling should be evaluated from a lifecycle perspective, not simply by comparing initial costs. HVAC systems, fans, pumps, chillers, and other cooling equipment consume auxiliary energy. A properly optimized cooling system should provide the required thermal performance without unnecessarily increasing parasitic power consumption.