Abstract:

Batteries are an important part of the global energy system today and are poised to play a critical role in secure clean energy transitions. In the transport sector, they are the essential component in the millions of electric vehicles sold each year. In the power sector, battery storage is the fastest growing clean energy technology on the market. The versatile nature of batteries means they can serve utility-scale projects, behind-the-meter storage for households and businesses and provide access to electricity in decentralised solutions like mini-grids and solar home systems. Moreover, falling costs for batteries are fast improving the competitiveness of electric vehicles and storage applications in the power sector.This special report brings together the latest data and information on batteries from around the world, including recent market developments and technological advances. It also offers insights and analysis on leading markets and key barriers to growth. By looking at the entire battery ecosystem, from critical minerals and manufacturing to use and recycling, it identifies synergies and potential bottlenecks across different sectors. The report also highlights areas that call for greater attention from policy makers and industry.