From memory, nickel-iron batteries have the following limitations for stationary storage:
- Relatively high self-discharge rate (though this isn't a big problem if you're buffering renewable electricity on a daily basis)
- Comparatively low energy efficiency, ~70%
- Hydrogen evolution by water electrolysis during charging -- a potential hazard, and one of the main loss paths driving the low efficiency
- Electrolyte water loss from electrolytic evolution of hydrogen during charging requires regular compensation with additional water
There have been a number of approaches to improve efficiency/suppress hydrogen evolution in nickel-iron batteries by the addition of organosulfur compounds. I don't think that any of those approaches are on the way to commercialization yet, though.