As battery power becomes more viable in the quest to green the grid, it’s incumbent on business leaders across industries and continents to share the best practices that will help advance the clean-energy transition.
Thanks to increased R&D spending that has advanced the core science, the cost of lithium-ion batteries is plummeting. Already at record lows, the price of battery power could be halved again by mid-decade, meaning that the math of whether or not it makes economic sense to use battery power will likely soon be settled in the span of just one car-leasing cycle.
As rare-earth element producers like China and Australia turn to protectionist policies, access to the raw materials that go into batteries is increasingly becoming a geopolitical issue. This may inspire a move to supply chains that are closer to home, along with more investment in emerging markets.
Read more......
Thanks to increased R&D spending that has advanced the core science, the cost of lithium-ion batteries is plummeting. Already at record lows, the price of battery power could be halved again by mid-decade, meaning that the math of whether or not it makes economic sense to use battery power will likely soon be settled in the span of just one car-leasing cycle.
As rare-earth element producers like China and Australia turn to protectionist policies, access to the raw materials that go into batteries is increasingly becoming a geopolitical issue. This may inspire a move to supply chains that are closer to home, along with more investment in emerging markets.
Read more......
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