New research reveals that battery manufacturing will be more energy-efficient in future because technological advances and economies of scale will counteract the projected rise in future energy demand. This is a preview of subscription content, access via your institution Get Nature+, our best-value online-access subscription $29.99 / 30 days
Battery manufacturing is one of the fastest-growing industries worldwide. A decade ago, consumers used batteries for their laptops, phones and other gadgets. Today, these energy storage devices are powering cars, medical equipment and even houses. New plants for battery production are popping up as a result.
The SMMT has described battery manufacturing as the “ single largest prize in future vehicle production where the UK can create a potential competitive advantage.” 125 It observed that batteries are the most valuable component in an electric vehicle.
Automotive manufacturing, especially for electric cars and vans, is expected to make up the majority of demand for batteries. By 2030, for example, the UK’s automotive industry will need 90GWh of battery manufacturing capacity to supply electric vehicles built in this country.
Another crucial thing to consider while selecting any country or region as an ideal destination for setting up a battery manufacturing plant is the knowledge factor. It is based on a country’s academic outputs and available human resources, which reflect the country’s competencies for battery production.
It has a rich automotive heritage with a highly productive workforce. 199 It also excels at innovation. The Automotive Sector Deal and the Faraday Battery Challenge has helped to build excellent research and development capabilities designed to support the industrialisation of battery technologies, such as the UK Battery Industrialisation Centre.
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