We wrote a short while ago about previous achievements during the past decade. And how batteries assumed a central role in renewable energy storage. The next battery decade is already showing signs of being even more significant. We explore CNBC Investing’s ideas further in this continuation post.
What to Expect in the Next Battery Decade
CNBC Investing suggests the smart money will follow battery’s ongoing role in decarbonizing our world. That’s because these are the only effective way we know to achieve reliable renewable energy around the clock. But the smart money will also be keeping an eye on the entire ecosystem too.
If we see a surge in electric vehicle sales in the next battery decade, then oil demand may peak earlier than expected. However, some investment analysts strike a more cautious note, because not all new battery manufacturers survive. Moreover, tight competition does not guarantee good profit, observes JMP Securities’ Joe Osha.
Therefore, it might make more sense to invest in spin-offs like solar panels and battery management systems, CNBC Investing continues. Although of course the next giant step-forward for batteries might be just around the corner, potentially dwarfing even lithium-ion’s gigantic strides.
Batteries Have Been With Us for Two Centuries
The first electric batteries emerged two centuries ago, when researchers wanted to capture static electricity, and experiment with it. Since then a string of electrochemical designs have rolled out, and we have reached the point when much of our technology could not work without them.
Our transportation systems are moving in the same direction in this, the next battery decade. EV technology is steadily coming down in price, although it has not reached a universally affordable level yet. But reliable lower-priced electric vehicle batteries are beginning to reach the market as we write. Meanwhile, the overriding factor remains the oil price.
More Information
Battery Decade and the Future Ahead
