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Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

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Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Demand for lithium ion batteries is forecast to grow to 3.7 terawatt-hours by 2030, up from around 1 TWh this year.

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Battery-grade lithium carbonate forecast to trade at $74K/tonne in 12 months

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Trading Economics global macro models and analysts expectations forecast battery-grade lithium carbonate to trade at 504,813 CNY (US$74,000) per tonne in 12 months time. Lithium is expected to trade at 484,185.00 The only lithium production in the United States currently is from one brine operation in Nevada.

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Jaguar Land Rover partners with Pramac to create charging unit using second-life Jaguar I-PACE batteries

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Jaguar Land Rover has partnered with Pramac , a global leader in the energy sector, to develop a portable zero-emission energy storage unit powered by second-life Jaguar I-PACE batteries. The partnership is the first in Jaguar Land Rover’s plans to create new circular economy business models for its vehicle batteries.

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Na-ion battery developer Faradion collaborating with battery manufacturer AMTE Power

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UK-based battery manufacturer AMTE Power and Faradion Ltd. , a leader in non-aqueous sodium-ion battery technolog ( earlier post ), announced a collaboration which combines Faradion’s IP with AMTE Power’s design and manufacturing capabilities. These trends will drive a significant increase in the use of battery storage.

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DOE launches design & construction of $75M grid energy storage research facility at PNNL

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The US Department of Energy (DOE) has begun work on the Grid Storage Launchpad (GSL), a $75-million facility located at Pacific Northwest National Laboratory (PNNL) in Richland, Washington that will boost clean energy adaptation and accelerate the development and deployment of long-duration, low-cost grid energy storage.

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Lithium-ion Battery Manufacturers in India

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In the previous few years, India has doubled its imports of lithium-ion (Li-ion) batteries and more than tripled its import cost. According to the Union Science Ministry, Indian imports of such batteries decreased to $450 million in 2019-2020 after gradually growing in recent years to $712 million.

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StoreDot says it has developed technology extending the life of batteries for first and second life

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StoreDot, the developer of extreme fast charging (XFC) battery technology for electric vehicles (EVs), says that it has developed advanced technology that extends the lifespan of batteries, making them highly effective not only during the vehicle lifespan, but also for second-life applications.

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