Grace Donnelly of Morning Brew writes on the energy storage landscape.
- Last year there was less than 60 GWh of battery storage in the world.
- While the majority of investments for energy storage are going to lithium ion technology, high material costs are pushing innovators to create alternative solutions.
- One technology that is showing promise are sodium-ion batteries, which require fewer rare earth minerals to produce.
- Other emerging solutions include liquid metal batteries and liquid electrolyte storage.
“The world will need nearly 600 GWh of battery energy storage by the end of the decade in order to achieve net-zero emissions by 2050, according to estimates from the International Energy Agency (IEA). In 2021, there was less than 60 GWh of battery storage capacity, according to estimates from energy research firms Rho Motion and Wood Mackenzie.”
Read the full article here.