Energy storage battery cell raw material supplier

How many GWh of energy-storage cells were shipped in 2023?

Updated February 06, 2024 The world shipped 196.7 GWh of energy-storage cells in 2023, with utility-scale and C&I energy storage projects accounting for 168.5 GWh and 28.1 GWh, respectively, according to the Global Lithium-Ion Battery Supply Chain Database of InfoLink.

Where are lithium batteries made?

Source: JRC analysis. The supply 1 of each processed raw material and components for batteries is currently controlled by an oligopoly industry, which is highly concentrated in China. Although China is expected to continue holding a dominant position, geographic diversification will increase on the supply side, mostly for refined lithium.

Will the EU be reliant on battery raw materials?

However, it is likely that the EU will be import reliant to various degrees for primary and processed (batt-grade) materials. Australia and Canada are the two countries with the greatest potential to provide additional and low-risk supply to the EU for almost all battery raw materials.

What are the growth opportunities in the battery component market?

This considerable gap between demand for cell components and local supply signals growth opportunities in the battery component market. The global revenue pool of the core cell components is expected to continue growing by around 17 percent a year through 2030 (Exhibit 2).

What will the global demand for battery materials be in 2040?

The global demand for raw materials for batteries such as nickel, graphite and lithium is projected to increase in 2040 by 20, 19 and 14 times, respectively, compared to 2020. China will continue to be the major supplier of battery-grade raw materials over 2030, even though global supply of these materials will be increasingly diversified.

What percentage of battery cells are produced in Europe and North America?

By 2030, Europe and North America are each expected to house approximately 20 percent of global battery cell production. In contrast, both regions combined are forecast to hold anywhere from 5 to 10 percent of global cell component capacity, lagging further behind incumbents in Asia—specifically in separator and electrolyte components (Exhibit 4).