battery technology may be next stranded assets in green revolution - battery energy storage system
Some of the latest battery technologies may be out of date before entering the market, as the industry is growing at an alarming rate.
Teams of scientists from San Francisco to Shenzhen are experimenting with new chemical processes to improve traditional lithium-
Ion batteries and find new ways to store power at another time.
Investors in these projects are beginning to worry that they may have chosen the wrong technology.
This makes about so-
It is called Stranded assets on its head.
So far, the term is used to refer to fossils.
Fuel projects may become unaffordable as pollution regulations tighten.
In the future, changes in energy storage devices mean that investment in batteries may become unaffordable, although they are at the heart of changing the way energy systems work.
"If you suddenly have a step-by-step change in technology that provides higher energy density, people will want to adopt this technology as soon as possible, which may mean that they have to invest in manufacturing equipment again, james fridges, energy storage analyst at Bloomberg Neve, said.
"The worst case scenario is that you may have to redesign the entire plant.
Investment in starting a business
The price of new batteries developed by Ups has risen to more than $1. 5bil (RM6. 1bil)
According to the clean technology group, the level in the first half of this year was almost double that in 2017.
Automobile manufacturers Volkswagen, Hyundaiand Renault-Nissan-
Mitsubishi has invested money in battery companies.
The Japan Industrial Group's new Energy and Industrial Technology Development Organization announced it would spend $90 (RM368)
Research on solids
It has a batch of national equipment for universities and manufacturers.
"A lot of money is currently being invested in battery research that will eventually lead to the development of technology," said Peter Carlson, founder and CEO of North Volt AB-
A us-based company costs $4. 6bil (RM18. 8bil)
Battery manufacturing plants in northern Europe.
"We are building a manufacturing platform with development capabilities.
Not all technologies are likely to succeed.
Thousands of different systems are being tested across the industry, including large manufacturing companies, start-ups, and universities.
Even lithium.
Most electric cars and ion batteries used in mobile phones vary in manufacturing processes.
"Lithium with different flavors --
Ions, different chemicals, and even in these chemicals, there are different variations in the composition of these chemicals, "said TJ Winter, chief manager of Fluence Corp. Ltd. , a US-
Supplier of energy storage.
"It took us quite a bit of time to screen development.
As automakers charge more models and energy, competition is growing
Storage units are becoming more and more common in homes and businesses.
Demand for battery capacity will rise to 1,784 gigawatts
From about 100 gigawatts to 2030
According to BloombergNEF's forecast, the current working hours. About US$16. 7bil (RM68. 3bil)
The installation of traditional battery factories around the world has cost $42 (RM171bil)
According to BloombergNEF data, these facilities are expected to be put into use by 2022. Lithium-
According to the International Energy Agency, ion will remain the main power source for electric vehicles and storage units over the next decade.
After 2025, new technologies are likely to enter the market, Paris-
The group said in its latest outlook for electric vehicles.
That's for the current lithium-
Ion technology is no longer popular, or new projects are not at the existing level.
In any case, some investors may end up getting uneconomical batteries.
"There's a lot of bandwidth in the world for lithium-
Ion batteries, "said Jeff Chamberlain, chief executive of investment fund Volta Energy Technologies LLC, which focuses on the next --
Generation storage.
"Many of the investors we see are betting on technologies that require new manufacturing processes.
We think this is a flaw because capacity is being built on Earth at the moment.
"Bringing batteries from the lab to the market is slow and expensive.
Scientists are replacing richer substances such as sulfur and oxygen with expensive metals such as manganese and nickel as they try to reduce the cost and weight of the battery unit.
Conamix Inc. , a New York startup, recently raised $2 m (RM8mil)
It is rare to try to make a cobalt-free battery
Earth Metal is a key component of charging, but it was mined to a large extent during the war.
Torn Democratic Republic of the Congo
Other technologies "may not be able to expand due to cheap lithium --
Jeff McDermott, managing partner of Greentech Capital Advisors LLC, said. “Lithium-
Ion will definitely put pricing pressure on other technologies to be deployed.
As costs will have to fall, there will be several but not dozens of competitive technologies.
Scale is needed to achieve these costs.
Equinor ASA, Norway's largest energy company, has been screening storage devices
The past three years have focused on startups, but have not yet invested in any developer.
"Storage is a priority for us," said Bala Nagarajan, investment director at Equinor Energy Ventures.
Investment Fund.
"The adoption of clean energy and the adoption of electric vehicles still requires technological improvements.
Is it possible that our future investment in storage technology will fail? Absolutely yes. ” —