The business intelligence firm has projected storage costs will continue their downward trajectory on the back of product and process optimization. That will favor a higher adoption rate in automotive and grid applications, the analysts say. Elsewhere, discoveries of lithium in the U.S. and the U.K. have raised hopes for lower raw material costs and more supply chain diversity.
Amid an uptake in EV sales, researchers are examining battery material supply chains. A report has indicated policy-driven circular economy strategies must be introduced in Europe if the bloc is to strengthen its resilience to volatility in the cobalt market.
At a press conference today, executives at the European airplane manufacturer explained how it will be possible to have market-ready zero-emission planes within 15 years.
The 1 GW fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai will feature NX Horizon trackers with the deal announced after the manufacturer published new bifacial yield gain claims.
Batteries could shrink even more with smaller crystals in the cathodes. Battery packs in electric vehicles and consumer goods could become smaller, while still offering high performance.
The weeks ahead could prove decisive for the bloc’s decarbonization ambitions as the European Parliament prepares for several votes and legislative proposals from the commission. The European Climate Law and the Just Transition Fund are critical parts of the European Green Deal but remain points of contention at Brussels.
Given the number of batteries (primarily lithium-ion) that are required to decarbonize the power and mobility sectors, the industry is now preparing for a mountain of battery waste. Recycling is technically feasible, but is also subject to sensitive economics. The framework in which recycling companies can achieve the best life-cycle costs for batteries needs to be carefully enabled through policy – and it will likely include a mixture of technologies and business models, in order to allow life-cycle emissions of batteries to be brought down.
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