Report Examines the Influence of Supply Chains on the Viability of Battery Chemistries in the Energy Storage Market
Stakeholders can benefit by assessing value chain opportunities respective to their capabilities and geographical markets
A new report from Guidehouse Insights examines the market trends surrounding battery chemistries
for energy storage, analyzes the battery value chain, and offers recommendations
for stakeholders.
Advanced
battery technologies for transportation and stationary energy storage have
quickly evolved in recent years to prioritize performance and cost. Each
storage application requires unique needs that have led to rapid developments
in terms of chemistry and composition in the battery market. Outside forces such as global supply chains have
also heavily influenced what chemistries remain viable amid accelerating
adoption trends for electric vehicles (EVs) and energy storage systems (ESSs). According to a new report from Guidehouse Insights,
application-specific chemistries can improve deployments and address supply
chain barriers as adoption trends for EVs and ESSs accelerate.
“Battery
chemistries are increasingly influencing market trends due to the diversity of chemistry
options advancing through commercialization phases,” says Maria Chavez, research
analyst with Guidehouse Insights. “Focus on supply chains is also increasing as
many battery manufacturers are moving away from chemistries that use expensive
components that are scarce.”
To address market challenges, Guidehouse Insights recommends
that OEMs employ a forward-thinking approach to identify opportunities and
barriers as technology develops. In addition, integrators need to study
use-case, rather than general application, when weighing options for battery chemistries.
Moreover, regulators should widen opportunities within the battery value chain
to alleviate supply chain uncertainties, according to the report.
The report, The Divergence Between Battery Chemistries for Distributed Solar and
Storage, examines the market trends surrounding battery chemistries, analyzes the
different forces of the battery value chain, and concludes with recommendations
for stakeholders. Battery chemistry trends can be highly susceptible to global
raw material supplies and regulatory oversight, therefore the market dynamics
around both issues should receive special attention. An
executive summary of the report is available for free download on the Guidehouse Insights website.
Contact:
Jennifer Peacock
404-575-3859
jpeacock@guidehouse.com
*The information contained in this press release concerning the report, The Divergence Between Battery Chemistries for Distributed Solar and Storage, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.