Battery technology cost declines have opened new use cases for energy storage. According to S&P Global Market Intelligence, the stand-alone battery storage costs are estimated to decline by 15% to $94/kW-year and shrinking to a point where storage can compete head-to-head in the resource adequacy market while optimizing intermittent generation. The total installed utility-scale energy storage capacity in the U.S., is expected to jump roughly 185%, to 5,582 MW, through August from a year prior.
With the booming electric vehicles (EV) markets and uptick in battery storage solutions, is the global supply chain ready to keep pace with multiple sectors? What are the projections for battery storage being used on the power grid and the potential of battery power in data centers and 5G power requirements? From the supply perspective, which battery metals are critical for energy storage and how can their prices impact battery cost in the future?
Join us as we explore the global trends of battery metals and battery storage solutions in the U.S. power and technology sectors.
- The race to global battery dominance – what does this means for supply chain and its implications.
- What are the hot power markets for utility-scale battery storage development in the US and why.
- How much incremental battery storage is projected to be built in the US over the next decade.
- Which companies have been most active in developing and procuring battery storage.
- What is the potential of battery power in datacenter, 5G power requirements and second life use for EV batteries.
- What are the preferred lithium-ion battery chemistries for grid energy storage.
- How much battery metals are consumed in energy storage and where are they produced.
- How do changes in battery metals prices affect costs, and what are their price outlooks.