Batteries and secure energy transitions Marshall Islands

What's new in battery technology?

These include tripling global renewable energy capacity, doubling the pace of energy efficiency improvements and transitioning away from fossil fuels. This special report brings together the latest data and information on batteries from around the world, including recent market developments and technological advances.

Are batteries the key to achieving climate goals?

In the NZE Scenario, about 60% of the CO2 emissions reductions in 2030 in the energy sector are associated with batteries, making them a critical element to meeting our shared climate goals. Close to 20% are directly linked to batteries in EVs and battery-enabled solar PV.

How can batteries improve energy security?

In other sectors, clean electrification enabled by batteries is critical to reduce the use of oil, natural gas and coal. To triple global renewable energy capacity by 2030 while maintaining electricity security, energy storage needs to increase six-times.

What is the global battery supply chain?

While the global battery supply chain is complex, every step in it – from the extraction of mineral ores to the use of high-grade chemicals for the manufacture of battery components in the final battery pack – has a high degree of geographic concentration.

Are lithium-ion batteries a viable alternative to EV batteries?

In the NZE Scenario, lithium-ion chemistries continue providing the vast majority of EV batteries to 2030. Further innovation both reduces the upfront costs of lithium-ion batteries and brings about additional improvements in their performance, notably in the form of higher energy densities and longer useful life.

Can lithium ion batteries be adapted to mineral availability & price?

Lithium-ion batteries dominate both EV and storage applications, and chemistries can be adapted to mineral availability and price, demonstrated by the market share for lithium iron phosphate (LFP) batteries rising to 40% of EV sales and 80% of new battery storage in 2023.