The global energy transition is happening faster than the models predicted, according to a report released today by the Rocky Mountain Institute, thanks to massive investments in the advanced-battery technology ecosystem.
“These changes are already contributing to cancellations of planned natural-gas power generation,” states the report. “The need for these new natural-gas plants can be offset through clean-energy portfolios of energy storage, efficiency, renewable energy, and demand response.”
Heavier transport will use solid-state batteries such as rechargeable zinc alkaline, Li-metal, and Li- sulfur. The electric grid will adopt low-cost and long-duration batteries such as zinc-based, flow, and high-temperature batteries. And when EVs become ubiquitous—raising the demand for fast charging—high-power batteries will proliferate.
China dominates the market for electric vehicles and solar photovoltaic technologies, thanks to early, large and consistent investment. The RMI report notes that China also has an advantage in upstream ore processing, critical materials and component manufacturing.
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