Energy Storage

IDTechEx forecast the market for lithium-ion (Li-ion) battery cells to be worth US$380 billion by 2034, driven by advancements in technology and rapidly growing demand. While Li-ion batteries have been the dominant technology for electronic devices, electric vehicles (EV), and stationary energy storage systems, alternative battery technologies and chemistries continue to garner interest.

Membrane materials are of fundamental importance for fuel cells, even giving their name to the specific type of fuel cell, as is the case for Proton Exchange Membrane (PEM) fuel cells. Typically, these membranes consist of ionomers containing perfluoroalkyl substances (PFAS), which in turn are subject to increasing concern and proposed regulations. In response to this, alternative materials for membranes are beginning to emerge.

As green hydrogen increasingly garners recognition as a pivotal tool for decarbonizing various industries, the electrolyzer market is also observing a steady and consistent rise in the number of companies venturing into the development of electrolyzer stacks and production facilities.

When it comes to transport, safety is of the utmost importance, and due to the exponentially increasing demand in the electric vehicle market, the awareness of thermal runaway and potential fires from batteries is increasing simultaneously. IDTechEx's report "Fire Protection Materials for EV Batteries 2024-2034: Markets, Trends, and Forecasts" explores different battery technologies and fire-resistant materials as emerging options for dealing with the risks.

IDTechEx have released a brand new episode of the 'Tomorrow's Tech by IDTechEx' podcast, 'Battery Technology: What's The Next Big Breakthrough?'. Host Dr Tess Skyrme and industry expert Dr Alex Holland will be discussing the up-and-coming trends in the upcoming battery landscape.

With ~90% of industrial heating processes using fossil fuels, this has led to approximately 25% of global energy pollution coming from heat produced for industrial processes. As such, demand for technologies to decarbonize industrial heating is expected to increase. One such technology that is able to store and supply heat to industrial processes is thermal energy storage (TES). TES for industrial applications currently only forms a minor percentage of global TES capacity, given that TES systems have been widely deployed in applications such as pairing with concentrated solar power (CSP) plants, district heating, cold chain, and space heating for buildings.

Wednesday 17 April 2024 - An overview of key mining vehicles; Advantages and barriers to electrification; Overview and developments of the electric haul truck market; Analysis of electric haul truck costs and potential savings; IDTechEx's outlook and conclusions

IDTechEx Research announces the availability of a new global market report, "Advanced Li-ion Battery Technologies 2024-2034: Technologies, Players, Forecasts".

IDTechEx announces the availability of a new report, "Thermal Energy Storage 2024-2034: Technologies, Players, Markets, and Forecasts". This report provides market overviews and data analysis for the industrial TES market, including value chain, strategic partnerships, funding, material suppliers, business models, key player activity, planned projects, and manufacturing developments.

Electric vehicles (EVs) are a primary method to reach a net zero transportation sector, but in addition to CO2 emissions, overall sustainability is becoming an increased focus point. However, sustainability is a very complex topic that does not tend to deal with absolutes as many factors are involved.