storage

CEA report projects global lithium-ion battery cell production capacity to exceed 770 GWh this year

0
Solar and storage supply technical advisor Clean Energy Associates (CEA) has released its semi-annual Energy Storage System (ESS) Supplier Market Intelligence Programme Report for 2020, which finds global lithium-ion battery cell production capacity on track to exceed 770 GWh by the end of the year, with year-on-year growth despite COVID-19.
CEA report projects global lithium-ion battery cell production capacity to exceed 770 GWh this year

Multiple factors contributed to a slowdown in the rapid growth of the global energy storage market for the first time since 2012 according to the latest report, which examines the first half of 2020. The COVID-19 pandemic disrupted both the global supply of and demand for energy storage. System fires in South Korea reduced confidence in large-scale battery safety among early lithium battery storage adopters, and dissuaded some new entrants from embracing storage opportunities. Growth in China also slowed, due to regulations barring grid-based energy storage system assets from being included in calculations for permitted income.

However, despite these multiple challenges, the report expects the energy storage market to recover in the second half of 2020 and resume rapid growth in the near future.

“Strong demand from Europe and North America will keep rising, as long-term plans to reduce carbon emissions and scale renewable energy deployment kick in” said Andy Klump, Founder and CEO of Clean Energy Associates. “On the supply side, battery manufacturers are actively expanding their capacities to meet the increasing demand from the electric vehicle sector for high-end battery products.”

Strategic partnerships between EV manufacturers and battery manufacturers remain active, with Tesla reaching a supply agreement with CATL, Volkswagen becoming the largest shareholder of Guoxuan, and Daimler partnering with Farasis.

A renewed focus is expected on technologies that demonstrate increased stability and are less prone to fires. BYD’s new LFP ‘blade battery’ is an example of an innovative technology that displays record-setting resilience to thermal events. Flow batteries and solid-state batteries are also viewed as potential alternatives to traditional lithium-ion battery technologies.

The complete report, authored by CEA’s Technology and Quality team, is available by subscription, and includes insights gathered from 1-on-1 interviews with the technical leaders at many of the industry’s leading suppliers. A sample of the Energy Storage System Supplier Market Intelligence Program Report for 2020 can be downloaded for free.

For additional information:

Clean Energy Associates (CEA)

Free summary of report

Add a comment
Baterías con premio en la gran feria europea del almacenamiento de energía
El jurado de la feria ees (la gran feria europea de las baterías y los sistemas acumuladores de energía) ya ha seleccionado los productos y soluciones innovadoras que aspiran, como finalistas, al gran premio ees 2021. Independientemente de cuál o cuáles sean las candidaturas ganadoras, la sola inclusión en este exquisito grupo VIP constituye todo un éxito para las empresas. A continuación, los diez finalistas 2021 de los ees Award (ees es una de las cuatro ferias que integran el gran evento anual europeo del sector de la energía, The smarter E).