solid electrolytes

As the world slowly transitions from fossil fuel to emissions-free electrification, batteries become an indispensable storage tool for energy transfer. In particular, lithium-ion batteries are the preferred option for powering everything from mobile phones to electric vehicles.

On top of that, studies suggest that global battery demand will increase from 185 GWh in 2020 to over 2,000 GWh by 2030. This skyrocketing demand for batteries also pressures manufacturers to ramp up their production. 

The growing demand for batteries is almost inevitable. So, organizations that heavily rely on batteries need to ask an important question to determine whether to have a position in battery manufacturing: How are batteries made, and what materials are necessary for production?

Battery research and development projects have grown exponentially in the last decade mainly because many industries are transitioning away from fossil fuel dependence to slow the effects of climate change. With energy storage holding the key to a renewable-energy-fueled world, battery manufacturing will only continue to grow in the following years.