Energy Storage

IDTechEx projects that the annual water electrolyzer market will exceed US$70 billion by 2034. However, access to more low-cost renewable electricity and stronger policy support for green hydrogen is needed to make it more competitive in various applications.

IDTechEx predicts that the annual demand for stationary fuel cells in the commercial market will surpass 1.9GW by 2035, with the main applications being in residential, industrial, utilities, commercial, and data sectors. Currently, over 80% of power worldwide is still obtained from fossil fuels, meaning there is lots of opportunity for growth and expansion of sustainable energy sourcing, with large demand and potential for fuel cells.

As a reliable and well-performing technology for battery energy storage systems (BESS), its demand in the global ES market has continued to grow at an impressive pace. This is expected to continue, and as found in their new market report, "Batteries for Stationary Energy Storage 2025-2035", IDTechEx estimates that the global Li-ion BESS market will be valued at US$109B in 2035.

Thursday 12 December 2024 - Machine Learning Methods for Battery Development, Manufacturing and Management; An introduction to challenges in the battery industry; An overview of machine learning and how it can be applied for batteries; Use-case analysis for five different market sectors Business model analysis for the overall market; Qualitative conclusions on how and where machine learning will see use over the next few years

Traditionally, hard rock mining and evaporation ponds have been the primary methods for lithium extraction. This article offers an overview of established techniques for mining lithium from natural resources. It focuses particularly on a collection of technologies known as direct lithium extraction (DLE), which have the potential to unlock lithium from brine more efficiently, with improved recovery rates and additional environmental, social, and governance (ESG) benefits.

Tuesday 17 December 2024 - Introduction into the Li-ion market and silicon anode technology; Discussion of key silicon anode technologies and developments; Overview of the silicon anode market; Key conclusions and takeaways

With growing interest into the integration of fuel cells for stationary power, many commercial players have chosen to adopt either proton exchange membrane (PEM) or solid oxide fuel cells (SOFC). However, alternative fuel cell technologies like alkaline fuel cells (AFCs), molten carbonate fuel cells (MCFCs), phosphoric acid fuel cells (PAFCs) and direct methanol fuel cells (DMFCs) still compete for market share.

As the electric vehicle (EV) and battery energy storage system (BESS) industries grow, requirements for the batteries that power them become more demanding. To achieve more energy-dense batteries that aren't unsustainably expensive, faster battery development is needed, as well as more efficient management, manufacturing, and recycling methods. Artificial intelligence (AI) will play an important role in achieving these goals.

The Li-ion industry continues to innovate to reach higher energy densities, faster charge and higher rate capabilities, longer lifetimes, lower costs, and lower environmental impact from their production to better meet the demands of the markets and applications reliant on battery and energy storage technology.

Monday 2 December 2024 - Background on the hydrogen value chain, from production to end-use applications; Significant developments in low-carbon hydrogen production, storage, distribution, and industrial applications in late 2023 and 2024; Overview of various fuel cell technologies; Major trends for fuel cells in automotive and stationary power markets; Market outlook