We live in the technological era where batteries define performance, and signal convenience. Batteries go beyond powering our remote controls. The role of batteries has never been more apparent in both social and economic settings.
The carbon burning economy has been declared in its darkest hour for years. Still, it doesn’t change the fact that we’re facing a climate crisis throughout the world. Ecological experts point to the fragility and degradation of our ecosystem, and yet we profess our declaration toward carbon reductions.
At the same time, the role of batteries has been steered toward green living and priorities to lessen the importance on chemical, and propel the significance of electrical. Yet we remain at an impasse. Batteries lead to the decreased reliance on invasive methods of production and transportation. Nevertheless they also demand costly means of compound extraction.
Batteries have leverage in the market:
According to the Federal Energy Regulatory Commission, companies such as Tesla Inc. and AES Corp. will be major competitors against traditional power plants in the U.S. wholesale market by the end of 2020.
The biggest battery markets
Electric cars:
Lithium-ion batteries have ascended into prominence given their durability, reliability, and performance prowess. Tesla, General Motors Co. and BYD Co have replaced gas tanks in over 3 million cars around the world.
Renewable energy projects take precedent over gas:
Companies are leaving gas plants and adapting renewable energy projects, often to uphold corporate agendas. Nonetheless, priorities for natural gas have experienced a decline. Solar and wind farms are becoming beacons of change in energy storage systems.
Technology:
Smartphones and other technologies have hastened the need for battery production.The quest for faster and more effective battery performance has led to increased demand for batteries and their components.
Grid Energizers:
Battery-stored power has become a staple to competitive green practices, as well as in wake of electrical demand. It also speaks to the reduction in the price of batteries, as they aim to compete against natural gas.
Prognosis negative:
Regardless of numbers (as we know they tend to fluctuate), commitments toward electric fuelling and charging might never be able to fully compete with traditional gas markets because of cost, experimental delays of production, and corporate lobbyist interests.
Sure, natural gas eliminated the need for coal. But it also offered cheaper alternatives. The same cannot be said about batteries. It almost seems premature to think that batteries could outlast fuel, especially because much of what powers electric cars come from diesel itself.
Batteries are a noble invention — lest we forget ingenious? They have indeed propelled us into the future, and continue to accelerate our expectations. Every mass invention has its vices, and so too, do batteries. They have propelled a revolution, but it’s not going to replace the industrial practices that have long fuelled our needs and life for years to come.
