Lithium battery energy storage production factory

Are lithium-ion batteries a viable energy storage solution?

Lithium-ion batteries (LIBs) have become one of the main energy storage solutions in modern society. The application fields and market share of LIBs have increased rapidly and continue to show a steady rising trend. The research on LIB materials has scored tremendous achievements.

What is the future of lithium batteries?

The elimination of critical minerals (such as cobalt and nickel) from lithium batteries, and new processes that decrease the cost of battery materials such as cathodes, anodes, and electrolytes, are key enablers of future growth in the materials-processing industry.

Should lithium-based batteries be a domestic supply chain?

Establishing a domestic supply chain for lithium-based batteries requires a national commitment to both solving breakthrough scientific challenges for new materials and developing a manufacturing base that meets the demands of the growing electric vehicle (EV) and electrical grid storage markets.

What is a lithium-ion battery Gigafactory?

To ramp up EV adoption and manufacturing, we need more lithium-ion batteries – and that's where lithium-ion battery gigafactories come into play. A gigafactory is where products and components are manufactured for industries moving toward electrification and a lower carbon footprint.

Why do we need lithium-ion battery Gigafactories?

As demand increases for EVs, it’s important that they can be manufactured – along with the batteries that power them – efficiently and safely. To ramp up EV adoption and manufacturing, we need more lithium-ion batteries – and that's where lithium-ion battery gigafactories come into play.

How much will the Energy Department spend on batteries?

The Energy Department is making a push to strengthen the U.S. battery supply chain, announcing Wednesday, Nov. 15, 2023, up to $3.5 billion for companies that produce batteries and the critical minerals that go into them. (AP Photo/John Locher, File)