Energy Storage

The rapid growth of the electric vehicle market has driven the development, manufacture and sales of batteries, especially lithium-ion batteries. In the meantime, a number of companies are betting on the next big energy storage technologies. Solid-state batteries are one of them.

The electricity market is evolving to allow a higher integration of variable energy sources and a new class of devices is approaching the market to satisfy this necessity.

Li-ion batteries are starting to near their performance ceiling. Delving into the trends being seen in patent applications and filings can provide insight into the key areas of innovation in Li-ion batteries and the areas of development favored by key players.

False-start - stagnation - market explosion: The CNT success story begins, as IDTechEx forecasts significant growth

IDTechEx estimates the global plug-in electric vehicle (BEV + PHEV) population reached 8.1 million units (including light commercial vehicles) by the end of 2019, supported by roughly five million charging outlets. There will be over 111 million plug-in EVs in-use globally by 2031: a massive driver for the wide-spread deployment of charging infrastructure.

Surprises abound in the new IDTechEx Research report, "Supercapacitor Markets, Technology Roadmap, Opportunities 2021-2041"

Wednesday 30 September - An overview of the electricity grid, and the potential of stationary energy storage; explanation and classification of Gravitational Energy Storage technologies; overview of the Compressed Air Energy Storage systems; and much more.

Despite the impact of Covid-19, substantial volumes of Li-ion batteries will soon be reaching their end-of-life. IDTechEx highlight the importance of Li-ion recycling and discuss what will drive growth in the market.

Electric vehicles are expected to include solid-state batteries as an innovative approach, according to IDTechEx's research report "Solid-State and Polymer Batteries 2020-2030: Technology, Patents, Forecasts, Players".

The electricity grid is undergoing its first evolution since the invention of the power transmission system, and energy storage devices, particularly mechanical energy storage devices, will play a solid role in this evolution.