As we all know, batteries play a critical role in powering many of the devices and technologies that we rely on every day, from smartphones and laptops to electric vehicles and renewable energy systems.
While researching for bringing in maximum value to our community members on various topics, we came across a report by Volta Foundation on the state of batteries in 2022.
The report provides a comprehensive overview of the current state of the battery industry, including key trends, challenges, and opportunities. It covers various types of batteries, including lithium-ion, lead-acid, nickel-cadmium, and others, and examines how the industry has fared in the last year.
Here are few pointers from the report:
EV’s accounted to 10-12% of all the new cars sold in 2022
According to Climate Tech VC, 63 climate funds raised $64B in 2022 up from 62 climate funds raising $30B in 2021. With $94B raised since 2021, there remains an estimated $37B in dry powder for climate investing.
China continues to dominate the supply chain with Canada a close second"
Lithium, nickel, cobalt, graphite, and manganese are the five key minerals in EV batteries. Australia, Indonesia, and the Democratic Republic of Congo dominate mining, but China continues to dominate the downstream supply chain
There are more key insights in the report which might be interest to all the Clean Tech enthusiasts.
Please feel free to share your thoughts and opinions with the community.
Disclaimer: The views expressed herein are solely those of the authors, and have not been reviewed or approved by Dhan’s employee or the company. The primary
purpose of this work is to educate and inform. The Content is for entertainment and informational purposes only and you should not construe any such information as investment, financial, or
other advice. Data and information is from publicly available sources.