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🔋 “The Age of Battery”? 🔋 What happened in California 🇺🇸 is quite symbolic with battery storage for the first one being the largest source of supply in one of world’s largest grids. On the other hand there is a sort of alignment of stars for the battery sector: 👉 Costs of batteries have significantly plunged over the last year and all largest manufacturing companies signals a continuation of the trend 👉 Price of key metals for batteries have been declining significantly providing deflationary pressures 👉 A growing attention from multiple governments about importance of batteries both for EVs and for #power storage 👉 Demand is simply booming for EVs the sales have increased of almost 7 times in just few years; for power storage the growth trend is simply vertical 👉 #Innovation is going fast and faster, doing more with less as far as concerns traditional components, while new chemistries are tested and introduced into the market Maybe the age of battery has definitely come… . #energy #power #mobility #electricvehicles #sustainability #jobs #future
Very true words spoken Alessandro Blasi But I'm a bit personally concerned about the availability of critical materials to ensure the sustainability of this "battery price plunge", as well as the technology and infrastructure to deal with the recycling and end of life of increased battery production. I know lots of solutions and research are in the pipeline for this, but will their innovation pace be able to support battery sustainability from a wholistic Point of View?
Alessandro Blasi why are you "marketing" of batteries and lithium? Is it a policy of IEA? Where are your hydrogen scenarios? It's unrealistic and problematic for workforce and environment to boost demand of lithium and cobalt, batteries are just for BoP purpose inside the hydrogen economy.
Let's credit the source for that headline! RenewEconomy PS Alessandro Blasi how do you get "maybe" and "definitely" into the same sentence?! 😁
1) The Apr1 in the bottom right hand corner of the graphic! 2) The "Red Crayons 🖍 " 3) IEA trying to be 😎 and relevant 4) Terminating the Sankey data for months - it was their only globally useful dynamic comparative resource - and easy to use. 5) ....that's enough for now.....
Just going to quote the best comment by scientist Fournier "And the entire supply chain of these collective technologies are owned and controlled by the CCP."
This is the future, whether you like it or not. For those concerned about critical minerals - which minerals are you worried about? Our reserves only reflect what we have explored, and we only explore when our reserves are expected to come under pressure in the future with expected demand. The first response is to increase production at existing mines. The second is increased pricing, which moderates demand and fosters innovation in alternative technology (e.g. CATL's development of Sodium ion cells when lithium prices went through the roof). High prices also lead to exploration spend and turn some of the substantial 'known' non-economic reserves into being counted as economic reserves. For those that are concerned about the Chinese control of the supply chain - China has made the investment to be the leader in battery manufacturing (and manufacturing in general) if you don't like it - let them enjoy the return on that investment or build your own industry to compete. Batteries are no different from any other imported, manufactured machinery. The big difference is the relatively routine installation requirements, site and connection works. They are reliably delivered in 12-24 months with limited specialist labour.
Maybe? With the prices of batteries poised to drop another 90% in the next decade and innovations like Na chemistry and solid state electrolytes set to scale, this is definitely the age of the battery. Or perhaps more accurately the age of SWB (solar + wind + battey) or WWSS (Wnd + Water + Sun + Storage). It’s actually the age of a lot of things, affordable powerful batteries being one, that are coming together for the promise of a better world.
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Senior Scientist
3moAnd the entire supply chain of these collective technologies are owned and controlled by the CCP. Why is the IEA functioning as a public relations agency for the CCP?