October 27, 2023
Overcoming Energy Storage Supply Chain Deployment Constraints
According to a report by Benchmark Source, the supply chain intelligence analysts, Almost $300 billion of investment in new lithium ion battery gigafactories has been announced in the last 4 years, with nearly half of that ($130 Bn) announced in the last year alone. Investments in battery capacity are robust, and the S&P Global Commodity Insights report calculated manufacturing capacity will reach 6.5 TWh in 2030, led by China, which is projected to have over half the market share, alongside North America and Europe, each boasting over 1 TWh of lithium-ion battery capacity.