Energy Storage

IDTechEx attended Innovation Zero in London, UK on April 30-May 1, 2024. This premium article presents some of the key narratives on hydrogen, decarbonization, sustainable fuels in aviation & shipping, critical minerals, circular economy, food and agriculture, CCUS, and carbon markets collected by IDTechEx.

Sodium-ion batteries are beginning to become increasingly relevant in 2024 after many mass production announcements were made in 2023. OEMs may look to alternative chemistries to reduce reliance on critical minerals with potentially volatile supply chains. NMC(A) batteries are currently the leading battery chemistry in Europe and the UK, while LFP dominates in China.

Thursday 23 May 2024 - An overview of metal-organic frameworks and their emerging applications; Scaling MOF production for industrial applications; Considerations of production cost and selling price of MOFs; Examples of MOF-based point source carbon capture and direct air capture solutions and comparisons with incumbent technology; Outlook for MOFs in carbon capture including opportunities and challenges

Innovation map for battery technology activity.

In this premium article, IDTechEx provides an overview of critical material extraction technologies from secondary material sources.

Innovation map of battery technology development and the battery technology timeline.

Wednesday 15 May 2024 - Next generation anode materials such as silicon, lithium and anode-free designs; Innovations in cathode active materials and their manufacture; Important cell and pack design changes and trends; Key cost and resource consideration from advanced Li-ion battery chemistries; IDTechEx's outlook for advanced Li-ion technology

This premium article discusses mergers, acquisitions and spinouts of construction, agriculture, and mining (CAM) battery suppliers.

There are many companies producing off-the-shelf battery pack products aimed at a range of industries with series production electric vehicles and machines, but in far smaller volumes than automotive. Typically, these companies market towards heavy-duty on-road vehicles, like buses, trucks, vans, etc. but also to off-road machines in the CAM markets. IDTechEx has built a database of nearly 200 battery pack products from over 40 manufacturers. In this premium article the offerings from these manufacturers are benchmarked against a variety of key performance indicators that are relevant to the CAM market. Gravimetric energy density, volumetric energy density, power density, longevity, maximum charging rate and more are considered, revealing which packs and which technologies meet the needs of a range of machines.

Innovation map of battery chemistry adoption across construction, agriculture & mining (CAM) industries.

Levidian is a UK-based technology company providing modular systems for the production of graphene and low-carbon hydrogen. IDTechEx attended Levidian's presentation at Innovation Zero 2024 in London, UK and caught up with the company on the exhibition floor.

HiT Nano are a US company that are developing an alternative process for the production of cathode active material.

SPE Automotive focussed on accomplishments in automotive plastics. It aims to advance plastic technology and adoption in the automotive industry. This premium article provides an insight into companies featured at the event.

Over the last three to four years, the driverless robotaxi industry has begun to flourish. Driverless services are coming online in multiple cities across the US and China. IDTechEx's recent report, "Future Automotive Technologies 2024-2034: Applications, Megatrends, Forecasts", predicts that the driverless robotaxi industry will be generating over US$470 billion annually through services in 2034.

As the volume of variable renewable energy (VRE) sources penetrating electricity grids increases globally, so does the need to manage the increasing uncertainty and variability in electricity supply. Long duration energy storage (LDES) technologies will be key in supporting electricity grids with greater penetrations of VRE over the coming decades. However, while many of the LDES technologies are likely to be cheaper than Li-ion batteries, on a US$/kWh basis at longer durations of storage, they will need to generate revenues from multiple sources in order to be profitable.

With the rapid growth of the electric vehicle market and a focus on the importance of safety, EV fire protection brings a large opportunity for material suppliers. In this article by Dr James Edmondson, Research Director here at IDTechEx, we share some of these opportunities including those outside of the automotive market, along with some challenges for material suppliers in this space and findings from recent industry events.

Innovation map for MOF-based water harvesting and heating ventilation air conditioning (HVAC) technologies.

IDTechEx, a trusted provider of independent market intelligence, announces the availability of a new market report, "Battery Markets in Construction, Agriculture & Mining Machines 2024-2034". The report forecasts battery demand for off-highway industries will be worth nearly US$8 billion in 2034.

Xerion Advanced Battery Corp (Xerion) are a US company that are developing an electroplating process for depositing cathode active material (CAM) for Li-ion batteries and membranes for direct lithium extraction.

Novonix Group are a company developing graphite and cathode materials as well as providing battery testing services. They are listed on the Australian Stock Exchange with offices in Canada and the US.