Rethinking Batteries: New Technologies with Safer and More Abundant Materials
Innovations in battery technology is an emerging trend applicable worldwide. The market for energy storage technologies is projected to grow by a factor of 12, corresponding to an increase in value of more than $5 billion by 2024 . This trend is spurred by efforts to decarbonize electricity generation globally, as energy storage is a key enabler for renewable sources. In particular, BRICS countries are projected to have the highest growth within this market. Additionally, this trend is also a result of efforts to improve battery technology that have been around and used for decades; yet, these improvements, such as making batteries rechargeable, come at a high cost to consumers. Promising new technology has the potential to lower cost, while increasing safety and reliability . Thus, advancements in the energy storage market yield impressive environmental and financial impact around the world.
Boundless gained exclusive insights into new innovative battery technologies through our climate impact assessment work. Featured on thus webinar is the promising impact of Urban Electric Power’s (UEP) battery cell, which derives from its design using safe and abundant materials. The potential for the UEP battery cell is reflected by its low Greenhouse Gas impact and a positive carbon return on investment. UEP's 2024 goal for improved storage solutions would establish universal access to an $80 billion global market for rechargeable batteries for use in residential, commercial and industrial applications
This alternative to lithium-ion technology , aims to provide affordable power to everyone, enabling a future where battery materials are safe, abundant, and readily recyclable. To further explore this trend, the webinar features Dr. Kent Griffith of the Northwestern University, Dr. Alexander Couzis and Dr. Gabriel Cowles of Urban Electric Power, and Dr. Paul Meier of Boundless Impact Investing. Don’t miss this fascinating discussion on how investors can help grow innovative battery technologies providing valuable insights into implications worldwide.