Mitigate and reverse climate change is survival. This dictates a shift to renewables and electrification, both on land and in mobility. The key of both is efficient energy storage: batteries. Despite this clear evidence, only the Far East invested in this technology until very recently.
UNDERSTANDING THE PERIL OF SUCH CRITICAL OVELOOKING PHASE MOTION CONTROL SINCE 2015 ENGAGED IN R&D, LEADING TO THE ESTABLISHMENT OF CYCLICA
With substantial IP and progress, Cyclica now exclusively focuses on advancing energy storage solutions. A vital step forward after years of preparation.
Li-Ion batteries, expected to reach approximately 2.2 million tons of Li usage by 2030, pose significant environmental concerns. The extraction of one ton of Li currently requires about 500,000 gallons of water and produces 15 tons of CO2.
Large battery installations and electric vehicles (EVs) face a substantial risk of thermal runaway, a major concern for safety. It takes 2,600 gallons of water to extinguish a Tesla battery fire, illustrating the severity of the issue. The increasing incidents of Battery Energy Storage System (BESS) fires in South Korea, with at least 23 reported since 2017, raise concerns about the safety of renewable energy storage.
Battery life and availability are impacted by variations in cell capacity and impedance, despite manufacturers’ efforts to standardize. As the battery is used, each cell’s voltage drops, reaching cut-off when the weakest cell depletes. The Battery Management System prevents further discharge to protect the weakest cell, making the battery only as good as its weakest part. Despite attempts to equalize cell behavior, the weakest cell remains the capacity determinant.
In battery cell production, China dominates the Li-Ion market, with Europe lagging at less than 6% global share in 2020. Projections indicate Europe could reach 25% by 2030, driven by upcoming mega-factories, primarily supporting EVs.
Sources: Statista, Bloomberg
The global market for battery manufacturing is expected to grow from 41 B$ in 2021 to [Y] in [2026], with a 18 % CAGR.
Higher powr density and have longer life cycles vs other technologies.
Li-Ion batteries are projected to total sales of $92bn in 2026.
Demand for Electric Vehicles (1 in 4 cars sold in 2030 is forecast to be battery-powered).
Widespread use of e-bikes, whose market is projected to hit $53.5bn in 2027.
Increase in energy production from renewables.
Push towards electrifications of ships and planes.
