Batteries have a critical role to play in the transition to net zero, with the rapid rise of electric vehicles (EVs) demonstrating how far the technology has evolved in just a few years. In a new whitepaper, we explore the fundamentals of the battery value-chain, with a focus on lithium – a core component of present and future battery technologies.
A new decade of growth in battery demand
Batteries are a key component of the energy system because of the role they play in electrification and grid storage. Transport electrification is a significant area of development that is driving our decarbonisation journey. A strong increase in demand and competitiveness in the market is already under way, with profound implications for the entire value-chain, including the raw materials needed to produce batteries at scale. The total addressable battery market is expected to grow by more than six times by 2030.
Alkemy Capital Investments plc (LON:ALK) is focussed on developing projects in the energy transition metals sector. Tees Valley Lithium is developing a state of the art lithium hydroxide plant at Teesside, UK. Tees Valley Graphite is developing the UK’s first natural graphite active anode material processing facility at the ‘plug-and-play’ Wilton International Chemicals Park.