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Batteries are critical facilitators of many other technologies. They are integral to modern mobile lifestyles and the mass production of electric vehicles (EVs). Battery and energy storage technologies will be fundamental in the transition to renewable energy.
Listed below are the key technology trends impacting the batteries theme, as identified by GlobalData.
The lithium era
Due to lithium’s (Li) unmatched combination of lightness and high-energy density, Li-based batteries will dominate the sector for the foreseeable future. Recent advances in the energy density of lithium iron phosphate (LFP) batteries mean that LFP technology will compete increasingly with Li-ion batteries for electric vehicle (EV) and stationary storage…