June 23, 2021

How to make lithium-ion batteries invincible

By Tech Online Things

In our future electrified world, the demand for battery storage is projected to be enormous, reaching to upwards of 2 to 10 terawatt-hours (TWh) of annual battery production by 2030, from less than 0.5 TWh today. However, concerns are growing as to whether key raw materials will be adequate to meet this future demand. The lithium-ion battery—the dominant technology for the foreseeable future—has a component made of cobalt and nickel, and those two metals face severe supply constraints on the global market.