How can the lithium battery value chain keep up with our sustainability needs?
Greater. Faster. Greener.
Chances are you are reading this on a device powered by a lithium battery. Perhaps you brushed your teeth this morning with an electric toothbrush, listened to your favorite podcast on a smartphone, or travelled to work in an electric vehicle. Lithium batteries have become a ubiquitous part of our everyday lives. And they are set to power our fossil fuel-free future.
The market for lithium batteries has grown exponentially. Global lithium battery production leapt from about 20 gigawatt hours in 2010 to more than 120GWh in 2017. By 2025, consumption of lithium is projected to grow by 400%.
Lithium-based batteries are an essential cog in creating a cleaner, cordless world. But as they become ever more popular, the more we ask of them. How can companies across the lithium battery value chain balance meeting rapidly growing demand with the global imperative to be more sustainable?