Professor of Chemistry and Processes at ENSTA (IP Paris)
Key takeaways
Renewable energies present storage challenges, particularly because of the intermittent and decentralised nature of their production.
Despite these challenges, their proliferation offers advantages, such as stabilising production in the face of meteorological fluctuations.
In France, although the scope for increasing energy storage via STEPs is limited, alternatives such as stationary battery storage are being developed.
It is essential to ensure that the environmental benefits of renewable energies are not cancelled out by the negative impacts of the storage resources required.
To limit these effects, solutions are emerging, such as the reuse of used batteries from electric vehicles for stationary electricity storage.
Professor of Chemistry and Processes at ENSTA (IP Paris)
Key takeaways
Rechargeable lithium-ion batteries have revolutionised modern electronics and are now used to power hybrid and electric vehicles.
They face numerous challenges, which lie in manufacturing safe, high-performance batteries on a large scale to meet growing demand.
They also raise other challenges: availability of critical metals and supply chains, or control of these chains, which are largely held by China.
To meet these challenges, the EU is aiming to build around thirty ‘gigafactories’ capable of manufacturing Li-ion batteries for electric vehicles.
Among the promising developments, Vektor is a conglomerate of groups trying to join forces to advance the production and manufacture of Li-ion batteries.
Lecturer in economics at Université Paris Saclay and coordinator of the Sectoral Policies group at the Energy and Prosperity Chair.
Key takeaways
According to Benchmark Mineral Intelligence (BMI), the price of spodumene, a lithium-rich raw material, increased by almost 480% between January 2021 and January 2022.
The Association of European Automotive and Industrial Battery Manufacturers forecasts that the value of the European battery market will grow from €15bn in 2019 to €35bn in 2030.
Underestimating the size of this market has hampered the flow of capital to the industry along the value chain, meaning that demand is not being met at present.
In order to improve the situation in Europe there is a need to invest in European lithium mining and the sector's value chain.
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