Lithium battery demand soars while supply lags behind

By Peter Stewart 9 August 2017
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A Tesla utility-scale battery block. (Tesla) A Tesla utility-scale battery block. (Tesla)

Lithium-ion (Li-i) batteries are the fastest-growing technology in the power storage sector, according to a recent report by Forum for the Future, which tapped insights from half a dozen key executives in the UK energy sector. But the rising cost of lithium and cobalt, which is a component of the cathodes used in Li-i batteries, could slow their progress. 

Cheaper batteries are seen as a potential threat to gas demand because they could reduce the need for the fuel to deal with intermittency in renewable power generation. The World Energy Council issued a report on energy storage, E-storage: Shifting from cost to value 2016, which said Li-i batteries were among the most efficient technologies on offer and predicted a sharp fall in costs. 

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