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The Future of Battery Technology

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The Battery Series
Part 5: The Future of Battery Technology

The Battery Series is a five-part infographic series that explores what investors need to know about modern battery technology, including raw material supply, demand, and future applications.

Presented by: Nevada Energy Metals, eCobalt Solutions Inc., and Great Lakes Graphite

The Battery Series - Part 1The Battery Series - Part 2The Battery Series - Part 3The Battery Series - Part 4The Battery Series - Part 5

The Battery Series: The Future of Battery Technology

The Battery Series - Part 1The Battery Series - Part 2The Battery Series - Part 3The Battery Series - Part 4The Battery Series - Part 5

The Future of Battery Technology

This is the last installment of the Battery Series. For a recap of what has been covered so far, see the evolution of battery technology, the energy problem in context, the reasons behind the surge in lithium-ion demand, and the critical materials needed to make lithium-ion batteries.

There’s no doubt that the lithium-ion battery has been an important catalyst for the green revolution, but there is still much work to be done for a full switch to renewable energy.

Sponsors
Nevada Energy Metals
eCobalt Solutions Inc.
Great Lakes Graphite

The battery technology of the future could:

  • Make electric cars a no-brainer choice for any driver.
  • Make grid-scale energy storage solutions cheap and efficient.
  • Make a full switch to renewable energy more feasible.

Right now, scientists see many upcoming battery innovations that have the promise to do this. However, the road to commercialization is long, arduous, and filled with many unexpected obstacles.

The Near-Term: Improving the Li-Ion

For the foreseeable future, the improvement of battery technology relies on modifications being made to already-existing lithium-ion technology. In fact, experts estimate that lithium-ions will continue to increase capacity by 6-7% annually for a number of years.

Here’s what’s driving those advances:

Efficient Manufacturing

Tesla has already made significant advances in battery design and production through its Gigafactory:

  • Better engineering and manufacturing processes.
  • Wider and longer cell design allows more materials packaged into each cell.
  • New battery cooling system allows to fit more cells into battery pack.

Better Cathodes

Most of the recent advances in lithium-ion energy density have come from manipulating the relative quantities of cobalt, aluminum, manganese, and nickel in the cathodes. By 2020, 75% of batteries are expected to contain cobalt in some capacity.

For scientists, its about finding the materials and crystal structures that can store the maximum amount of ions. The next generation of cathodes may be born from lithium-rich layered oxide materials (LLOs) or similar approaches, such as the nickel-rich variety.

Better Anodes

While most lithium-ion progress to date has come from cathode tinkering, the biggest advances might happen in the anode.

Current graphite anodes can only store one lithium atom for every six carbon atoms – but silicon anodes could store 4.4 lithium atoms for every one silicon atom. That’s a theoretical 10x increase in capacity!

However, the problem with this is well-documented. When silicon houses these lithium ions, it ends up bloating in size up to 400%. This volume change can cause irreversible damage to the anode, making the battery unusable.

To get around this, scientists are looking at a few different solutions.

1. Encasing silicon in a graphene “cage” to prevent cracking after expansion.
2. Using silicon nanowires, which can better handle the volume change.
3. Adding silicon in tiny amounts using existing manufacturing processes – Tesla is rumored to already be doing this.

Solid-State Lithium-Ion

Lastly, a final improvement that is being worked on for the lithium-ion battery is to use a solid-state setup, rather than having liquid electrolytes enabling the ion transfer. This design could increase energy density in the future, but it still has some problems to resolve first, such as ions moving too slowing through the solid electrolyte.

The Long-Term: Beyond the Lithium-ion

Here are some new innovations in the pipeline that could help enable the future of battery technology:

Lithium-Air

Anode: Lithium
Cathode: Porous carbon (Oxygen)
Promise: 10x greater energy density than Li-ion
Problems: Air is not pure enough and would need to be filtered. Lithium and oxygen form peroxide films that produce a barrier, ultimately killing storage capacity. Cycle life is only 50 cycles in lab tests.
Variations: Scientists also trying aluminum-air and sodium-air batteries as well.

Lithium-Sulphur

Anode: Lithium
Cathode: Sulphur, Carbon
Promise: Lighter, cheaper, and more powerful than li-ion
Problems: Volume expansion of up to 80%, causing mechanical stress. Unwanted reactions with electrolytes. Poor conductivity and poor stability at higher temperatures.
Variations: Many different variations exist, including using graphite/graphene, and silicon in the chemistry.

Vanadium Flow Batteries

Catholyte: Vanadium
Anolyte: Vanadium
Promise: Using vanadium ions in different oxidation states to store chemical potential energy at scale. Can be expanded simply by using larger electrolyte tanks.
Problems: Poor energy-to-volume ratio. Very heavy; must be used in stationary applications.
Variations: Scientists are experimenting with other flow battery chemistries as well, such as zinc-bromine.

Battery Series: Conclusion

While the future of battery technology is very exciting, for the near and medium terms, scientists are mainly focused on improving the already-commercialized lithium-ion.

What does the battery market look like 15 to 20 years from now? It’s ultimately hard to say. However, it’s likely that some of these new technologies above will help in leading the charge to a 100% renewable future.

Thanks for taking a look at The Battery Series.

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Can We Close the $11 Trillion Climate Investment Gap?

$11 trillion needs to be invested in nature-based solutions between 2022 and 2050 to combat climate change.

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The following content is sponsored by Carbon Streaming Corporation

Can We Close the $11 Trillion Climate Investment Gap?

Nature-based Solutions (NbS) include actions to preserve or restore natural ecosystems to address social, economic, and environmental challenges effectively, while simultaneously providing benefits to the community. 

To achieve its goal of limiting climate change to below 1.5°C by 2050, the UN says that substantial investment in NbS needs to happen. The same investments will also help stop biodiversity loss and deliver land degradation neutrality.

This visualization, sponsored by Carbon Streaming Corporation, explores the investment requirements for various NbS sectors and highlights the critical role of protecting many ecosystems in achieving climate targets.

The Crucial Role of Ecosystem Protection

Terrestrial and marine ecosystems are invaluable when it comes to addressing climate change. They act as natural carbon sinks, effectively absorbing and storing approximately 40% of global carbon emissions. 

More specifically, the conservation and restoration of forests, wetlands, grasslands, coastal areas, seagrass, and peatlands is essential to keeping greenhouse gas emissions out of the atmosphere. 

But to effectively combat climate change, the estimated cumulative investment required in nature-based solutions between 2022 and 2050 is $11 trillion

NbS Investment AreaCumulative Investment Required 2022-2050 (US$ Trillion)
Agroforestry$3.6 Trillion
Reforestation$3.4 Trillion
Restoration (Seagrass & Peatlands)$1.6 Trillion
Protection$1.3 Trillion
Other Land Management$1.1 Trillion

This investment will drive large-scale restoration, conservation efforts, sustainable land-use practices, and ecosystem protection.

A Closer Look at the Investment Gap

Currently, only 17% of NbS investment comes from private sources. However, the annual investment needs to increase fourfold by 2050, which amounts to $520 billion of additional annual NbS investment.

YearNbS Investment Required ($B per year)Increase from 2022
2022$154B-
2025$384Bx2
2030$484Bx3
2050$674Bx4

Collaboration between governments, the private sector, and international organizations is critical to mobilize resources, establish innovative financing mechanisms, and incentivize investments.

Benefits of NbS

Capital allocated to nature-based solutions not only helps combat climate change but also delivers a plethora of other benefits. For example, these solutions promote biodiversity conservation, enhance ecosystem services, support local communities, and foster sustainable development. 

Investment in this space is crucial to meeting the UN’s 2050 goals. By financing the creation or expansion of nature-based carbon projects, our sponsor, Carbon Streaming Corporation secures the rights to future carbon credits generated by these projects. 

Consumers and businesses can purchase these carbon credits to provide the necessary capital and immediate action needed to effectively combat climate change.

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Learn more about Carbon Streaming and how you can get involved now.

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