In the race to reach net zero emissions by 2050, advances in power generation and transportation will play a critical role. And behind the new energy-transport nexus is a technology attracting the attention of countries, companies and investors: the battery.
Projections from the International Energy Agency indicate the scale of the shift needed to reach global net zero by mid-century. They show that, by 2035, all passenger cars sold must be electric vehicles and, by 2050, two-thirds of the world’s energy supply must come from sources such as wind, solar, bioenergy, geothermal and hydropower.
All of this will require improved energy storage. Batteries enable EVs to store and use electricity to power their motors. And, through vehicle-to-grid technology, they can store and feed energy back to the grid to supplement supplies during peak demand.