CAMBRIDGE, U.K. - The demand for Li-ion batteries has continued to increase over the last decade. EVs have been responsible for most of this growth and is now the sector responsible for the largest percentage of total global Li-ion battery demand, with IDTechEx forecasting the market for EV batteries to exceed $380 billion by 2034, AviationPros reports. Continue reading original article.
The Military & Aerospace Electronics take:
19 December 2023 -As the demand for Li-ion batteries increases, so does the need to manage their sustainability throughout their entire lifecycle, including raw material extraction and processing, battery use or reuse, and, importantly, at end-of-life (EOL).
Some of these factors have also been a driving force behind the development of alternative energy storage technologies, in particular, in reducing the chance of supply bottlenecks to materials such as lithium, cobalt, and nickel. Na-ion batteries, for example, can offer relatively similar performance characteristics to Li-ion without the use of lithium or cobalt.
Alternatively, redox flow batteries can make use of cheaper and more widely available materials such as zinc, iron, or organic compounds, though the majority of deployments are based on vanadium electrolytes. However, while technologies such as these can diversify material demand to more widely available and potentially less environmentally problematic ones, Li-ion demand is forecast to continue growing at a rapid pace. As such, Li-ion material supply and EOL management will remain critical.
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Jamie Whitney, Senior Editor
Military + Aerospace Electronics
