Excerpt from esi-africa.com
Technology for energy-dense batteries like lithium-ion (Li-ion) has opened new avenues for portable electronic devices, electric mobility and stationary storage.
In celebration of World Energy Storage Day, hosted each year on 22 September, IDTechEx forecasted lithium-ion battery demand to reach over 2,500GWh for electric vehicles alone. However, the uptake of Li-ion batteries is not without cost – they still present both technological and environmental problems.
Energy storage is a key enabler for the ongoing electrification of carbon-intensive sectors, namely the automotive and energy industries.
Developments in energy storage are driven by the increased uptake of EVs and the balancing of renewable electricity grids to provide power during low solar and wind periods.