the next eight years , suggesting that the market value will grow by 20 % year-onyear to achieve a total worth of US $ 360bn globally by 2030 . If the industry were to follow the pathway of other renewable energy technologies , this value could be significantly higher by the end of the decade with potential for a further US $ 50bn .
This acceleration cannot come fast enough , particularly when global energy demand is at its highest while the supply is at constraints — not to mention the climate creeping ever closer to the 1.5-degree mark .
“ Current market conditions are torrid . The impact of rapidly accelerating inflation is hurting everyone — from businesses to individuals ,” says Ben Kilbey , Director of Communications and Media at Britishvolt .
" THE CURRENT ENERGY CRISIS HIGHLIGHTS THE DIRE NEED FOR A SWITCH TO RENEWABLE ENERGY "
“ Headlines are littered with accounts of the pain being felt across the globe . The current energy crisis highlights the dire need for a switch to renewable energy , of which low carbon , sustainable , domestic , battery cell production will be key .”
LOCALISED ENERGY SOLUTIONS ARE ESSENTIAL FOR SUPPLY CHAIN RESILIENCE
In the years to come , countries will be looking to become more independent in their efforts to be more sustainable , but now
52 [ Dec 2022 ] EVMAGAZINE . COM