Conclusive summary and perspective Lithium-ion batteries are considered to remain the battery technology of choice for the near-to mid-term future and it is anticipated that significant to substantial further improvement is possible.
Lithium batteries are characterized by high specific energy, high efficiency and long life. These unique properties have made lithium batteries the power sources of choice for the consumer electronics market with a production of the order of billions of units per year.
The global market for Lithium-ion batteries is expanding rapidly. We take a closer look at new value chain solutions that can help meet the growing demand.
The potential of these unique power sources make it possible to foresee an even greater expansion of their area of applications to technologies that span from medicine to robotics and space, making lithium batteries the power sources of the future. To further advance in the science and technology of lithium batteries, new avenues must be opened.
It is projected that between 2022 and 2030, the global demand for lithium-ion batteries will increase almost seven-fold, reaching 4.7 terawatt-hours in 2030. Much of this growth can be attributed to the rising popularity of electric vehicles, which predominantly rely on lithium-ion batteries for power.
Safety is a serious issue in lithium ion battery technology; consequently, many approaches are under study wit the aim of reducing safety hazards; unfortunately, all them are expected to depress the specific energy. Thus, the practical value of these approaches depends on whether an acceptable compromise between energy and safety can be achieved.