Featured in Bags of cash – 11-2022

The scramble for lithium

Electric vehicle and stationary energy storage companies have experienced battery cell shortages this year. InfoLink predicts overcapacity in 2024, but the concentration of production in China means customers elsewhere are mulling deals with miners.

By

pv magazine

09 Nov 2022

InfoLink expects the global lithium-ion battery market to post a compound growth rate of 24% through 2030. A market today of more than 400 GWh is expected to surpass 1 TWh in 2023, 2 TWh in 2026, and 4 TWh in 2030. Driven by demand for clean power, the energy storage portion of the market …

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