Lithium-ion battery packs experienced the most significant price drop in seven years. A promising new material could help batteries achieve over 20,000 charge and discharge cycles before reaching the 80% capacity threshold, maximizing their value. Two new battery technologies could replace lithium-ion, and the Biden administration significantly boosted battery production and charging infrastructure with a…
Next-generation battery technologies: Finding sustainable alternatives to Lithium-Ion batteries
In recent years, the global demand for batteries has significantly increased. This demand is driven by incorporating energy storage in the power sector, expanding solar and wind power use, and rising interest in electric vehicles globally. Governmental investments and new regulations worldwide support this development and the rise of clean energy. The lithium-ion battery (LIB)…