Battery technologies are set to play a key role in Europe’s energy strategy for reducing our CO2 emissions and mitigating human impact on climate change. They are a key technology for clean mobility, as well as for ensuring a greater share of intermittent and distributed renewable energy sources in our energy mix. The rapidly expanding global battery market has been estimated at €250 billion annually from 2025 onwards, driven primarily by the needs from the transport and energy sectors.
In the near future, new generations of ultra-performing batteries, safe and sustainable will be necessary, primarily driven by the needs of electro-mobility. Competition to develop them is already high but still very much open. No clear winning technology is yet ready for large scale deployment. This could change the game. This is an opportunity for Europe which can build on its scientific and industrial assets to come back and become a major player in the future battery market.
To address the battery challenges, the European Commission launched in October 2017 the European Battery Alliance alongside representatives from industry, research and the European Investment Bank, with the aim of creating a competitive European battery sector with sustainable battery cells at its core. In May this year, the Commission published a strategic action plan on batteries setting out in detail how it proposes to achieve this goal as an annex to its Communication on Sustainable Mobility for Europe.
Check the website to know more about it. https://ec.europa.eu/digital-single-market/en/blogposts/how-big-data-and-ai-can-help-batteries-future