Home Lithium Ion Batteries Lithium-ion battery technology investment to hit record in 2019: WoodMac
Lithium-ion battery technology investment to hit record in 2019: WoodMac

Lithium-ion battery technology investment to hit record in 2019: WoodMac

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More than $350 million was invested during the first half of 2019 compared with just over $600 million for all of 2018

LONDON: * Consultants Wood Mackenzie expect 2019 to be a record year for investment in lithium-ion battery technology

* More than $350 million was invested during the first half of 2019 compared with just over $600 million for all of 2018

* Investments have focused on developing batteries that are cobalt-free and use alternate electrode materials or solid-state electrolytes

* Nickel-manganese-cobalt oxide (NMC) batteries outperform lithium iron-phosphate (LFP) batteries in terms of energy density, but the storage market is seeing a lot more interest in LFP

* Planned battery manufacturing capacity expansions are expected to grow to more than 770 gigawatt hours (GWh) by 2026.

Source: reuters
Anand Gupta Editor - EQ Int'l Media Network

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