Demand for batteries has the potential to increase in coming decades. Innovations in battery technologies will play a key role in the world economy. This is because it will be less dependent on fossil fuels.
In the future, these innovations mean improvements in storing energy from renewable sources. Renewable sources are solar, wind, and tide.
Batteries could one day be powering our homes and electric vehicles. Efficiently stored energy can also help to stabilise our electricity systems during periods of peak demand.
There are ongoing concerns with lithium-ion battery technology. Often, raw materials for lithium-ion batteries can be scarce. Mining those raw materials often comes with environmental and safety issues. It is these concerns that are driving the search for alternative technologies.
With innovation, energy storage technologies can be efficient and high-performing. Better storage technologies can lead to a future that is:
- more affordable
- clean energy