India will not be able to meet its aim of becoming a global leader in battery manufacturing unless it establishes a value chain that embraces recycling.
Long duration energy storage (LDES) technologies may have a difficult time competing with lithium-ion over the next decade as the latter’s cost-competitiveness at longer durations increases, possibly even to 24 hours, according to Haresh Kamath, Electric Power Research Institute (EPRI).
Lithium iron phosphate (LFP) will be the dominant battery chemistry over nickel manganese cobalt (NMC) by 2028, in a global market of demand exceeding 3,000GWh by 2030.
China’s share of the lithium-ion battery cell production capacity market is set to fall from 75% in 2020 to 66% in 2030, according to Clean Energy Associates in a new report.