Current status and trends of lithium battery energy storage

Global demand for Li-ion batteries is expected to soar over the next decade, with the number of GWh required increasing from about 700 GWh in 2022 to around 4.7 TWh by 2030 (Exhibit 1). Batteries for mobility applications, such as electric vehicles (EVs), will account for the vast bulk of. The global battery value chain, like others within industrial manufacturing, faces significant environmental, social, and governance (ESG) challenges (Exhibit 3). Together with GBA members representing the entire battery. Some recent advances in battery technologies include increased cell energy density, new active material chemistries such as solid-state. Battery manufacturers may find new opportunities in recycling as the market matures. Companies could create a closed-loop, domestic supply chain that involves the collection, recycling, reuse, or repair of used Li-ion. The 2030 outlook for the battery value chain depends on three interdependent elements (Exhibit 12): 1. Supply-chain resilience. A resilient.Our new Energy Macro Report provides insights into the key trends shaping the battery market including supply and demand updates, battery energy storage, electric vehicles, materials, cost and price and latest developments in battery recycling.