Talent demand for energy storage batteries

Do battery demand forecasts underestimate the market size?

Just as analysts tend to underestimate the amount of energy generated from renewable sources, battery demand forecasts typically underestimate the market size and are regularly corrected upwards.

Will battery demand grow in 2020?

For instance, the battery industry’s demand for lithium is expected to grow at an annual compound growth rate of 25 percent from 2020 to 2030, while demand for nickel could multiply as battery demand shifts to nickel-rich products. 4

How can we support the battery industry?

Additionally, open dialogue and education with local communities and stakeholders are likely key to achieving more widespread acceptance and support for the battery industry. The metals and mining sector will supply the high quality raw materials needed to transition to greener energy sources, including batteries.

Why is there a battery skills shortage?

The increasingly interdisciplinary nature of the battery field, contrasting with mostly singular disciplinary educational offerings, could be a contributing factor to the battery skills shortage, particularly in battery engineering positions.

Why is global demand for batteries increasing?

This work is independent, reflects the views of the authors, and has not been commissioned by any business, government, or other institution. Global demand for batteries is increasing, driven largely by the imperative to reduce climate change through electrification of mobility and the broader energy transition.

How can a battery industry achieve ESG targets?

Establishing full supply-chain transparency and compliance. Data availability and transparency are fundamental requirements to ensure that the industry achieves its growth and ESG targets. This will require harmonized, credible, and trusted data. The Global Battery Alliance’s Battery Passport may be a resource here.