Lithium-ion batteries are becoming increasingly vital for use in rapidly growing data centers. They have a longer lifespan, higher energy density and faster recharge and discharge cycles than other batteries.
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In the past five years, over 2 000 GWh of lithium-ion battery capacity has been added worldwide, powering 40 million electric vehicles and thousands of battery storage projects.
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Energy Storage Systems are projected to account for approximately one-third of total battery demand by 2030, representing a 65% increase from the current 20% market share.
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Lithium-ion batteries have become the dominant energy storage technology due to their high energy density, long cycle life, and suitability for a wide range of applications.
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What''s more, the rapid growth in electric vehicle (EV) sales will similarly push massive demand for batteries, especially lithium-ion ones.
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Lithium bulls are betting on energy storage systems as the next meaningful pillar of demand for the battery metal, nudging the global market back toward balance after years of oversupply.
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With renewable energy infrastructure expanding rapidly across the globe, the demand for lithium-ion batteries in energy storage systems will only continue to rise.
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Stationary storage is emerging as the second pillar of demand growth. Global grid-scale battery deployments exceeded 90 GWh in 2024, with costs for lithium-based systems expected to fall by up to 40%
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Global demand for energy storage is surging. Lithium-ion leads today, but new contenders like sodium-ion, flow, and gravity systems are shaping the future grid.
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As the global energy transition accelerates, lithium-ion batteries have become the cornerstone of both electric mobility and stationary energy storage. Yet, this massive growth in demand has brought a
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