The Battery Conference in Fort Lauderdale that I recently attended from March 20-23rd is an annual event where the top battery scientists, industry executives, forecasters and enthusiasts gather to hear about the latest developments and the current state of research. On my part, I care about:
- The worldwide state of lithium-ion market penetration and its forecasted growth;
- How many EVs were produced in the last year and the forecasted trends for next year and beyond;
- Getting a feel for the progress of lithium-ion in the field of ESS’s connected to the grid;
- Looking for a battery breakthrough that has a chance of making it to production in the coming years;
There are dozens of presentations, several of which run concurrently. For anyone interested in an understanding of the current market penetration of lithium-ion needs to attend Avicenne Energy’s presentation for a talk on the market penetration of lithium-ion batteries. Here are the main things to know:
- In 2016, the world’s lithium-ion production capacity surpassed 78 gigawatt hours (GWh). The production capacity was only 2 GWh in 2000;
- By 2025, the world’s lithium-ion production capacity is expected to grow to 210 GWh (at a CAGR of over 14%) under a conservative scenario;
- The average manufacturing cost of an 18650 cell reached $150/kilowatt hour (kWh) last year;
- Of all lithium-ion chemistries, NMC/Graphite is forecasted to experience the most growth between 2015 and 2025 at a CAGR of over 15%;
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