Are lithium-ion battery energy storage systems sustainable?

Presently, as the world advances rapidly towards achieving net-zero emissions, lithium-ion battery (LIB) energy storage systems (ESS) have emerged as a critical component in the transition away from fossil fuel-based energy generation, offering immense potential in achieving a sustainable environment.

What will China's battery energy storage system look like in 2030?

Battery energy storage systems (BESS) will have a CAGR of 30 percent, and the GWh required to power these applications in 2030 will be comparable to the GWh needed for all applications today. China could account for 45 percent of total Li-ion demand in 2025 and 40 percent in 2030—most battery-chain segments are already mature in that country.

What is a lithium ion battery?

Lithium-ion batteries (LIBs) are a critical part of daily life. Since their first commercialization in the early 1990s, the use of LIBs has spread from consumer electronics to electric vehicle and stationary energy storage applications. As energy-dense batteries, LIBs have driven much of the shift in electrification over the past two decades.

Why are lithium-ion batteries so powerful?

This excess oxygen emerged as the primary driver behind the remarkable capacity, which opened up the prospect of developing lithium-ion batteries with significantly enhanced energy storage capabilities .

What is the global market for lithium-ion batteries?

The global market for Lithium-ion batteries is expanding rapidly. We take a closer look at new value chain solutions that can help meet the growing demand.

Why is lithium-ion battery production growing beyond consumer electronics?

The rise of intermittent renewable energy generation and vehicle electrification has created exponential growth in lithium-ion battery (LIB) production beyond consumer electronics.