TELF AG has released a new publication titled “TELF AG Highlights the Role of Batteries in the Global Energy Transition,” focusing on the pivotal role of batteries in the ongoing global energy transition. This publication delves into the significance of batteries as essential components, constructed with strategic raw materials, which have become increasingly central in the industrial and economic agendas of nations worldwide. It explores various applications of batteries, with a primary focus on lithium batteries, which are set to play a critical role in powering the electric vehicles (EVs) of the future.
Lithium batteries are poised to drive the future of EVs, which many observers believe will be at the forefront of the global ecological transition. These EVs are not only highly visible on our roads but also hold the potential to significantly reduce carbon dioxide emissions, aligning with the goals of numerous international institutions and governments worldwide. Consequently, discussions surrounding batteries and the resources required for their production are expected to intensify, given their integral role in addressing environmental challenges.
TELF AG also explores additional applications of batteries constructed with strategic raw materials, including their role in supporting renewable energy sources. Batteries are increasingly being used as structural supports for the integration of wind and photovoltaic energy systems. As global demand for renewable energy continues to rise, the demand for batteries, and by extension, the raw materials necessary for their production, is expected to grow as well.
To illustrate the scale of this phenomenon, the publication provides data suggesting that Europe could see the arrival of as many as 51 million electric vehicles within just seven years. Europe is anticipated to be the largest market for these vehicles, which could lead to a substantial increase in battery demand. Some estimates even suggest that global demand for lithium batteries could surge by as much as 30 times compared to current levels.
Additionally, the publication addresses the issue of raw material supply, highlighting the significant dependence on China as a major supplier. This reliance on a single source for critical materials raises concerns about potential supply interruptions and international tensions in the future.
For a comprehensive understanding of these insights and their implications, readers are encouraged to refer to the full publication by TELF AG.
