Featured in The great integrator – 08-2022

Strong case for energy storage, despite rising costs

Unprecedented volatility in global commodity markets, disruption to logistics and supply chains, and unrelenting growth has driven up the cost of Li-ion batteries since the middle of 2021. Sam Wilkinson and Oliver Forsyth of IHS Markit expect to see rapid manufacturing expansion that will still struggle to keep up with demand, and ultimately lead to the establishment of a smaller group of battery-makers specialized in supplying stationary energy storage systems.

By

pv magazine

09 Aug 2022

Source: IHS Markit

The cathode is the biggest contributor to the cost of a lithium ion (Li-ion) cell, typically accounting for 30-40% of the total, depending on the type. Cathodes are made of a variety of materials, such as lithium, nickel, cobalt, and aluminum. Along with other materials like graphite and copper, these are all used extensively in …

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