Featured in Best in class – 01-2020

A locus for battery development

The Middle East and North Africa (MENA) region, identified with fossil fuels for decades, wants to be part of the energy transition. Battery raw materials commentator Phoebe O’Hara says the energy storage supply chain can become the region’s fastest-growing industry.

By

Max Hall

03 Dec 2024

Swedish battery manufacturer Northvolt has had to scale back its ambitions due to a decline in EV demand. | Photo: Northvolt

Ease of finance, policy, and geopolitics mean that MENA could develop a battery supply chain where other regions have failed.The huge sums required to develop mines and battery factories and projects at a time of low electric vehicle (EV) demand and Chinese oversupply have quashed legislative willingness to onshore battery supply chains elsewhere.Swedish battery maker …

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