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Asked: 2019-12-15T21:45:55+00:00 In:

What trends are expected in batteries technologies in 2020?

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What trends are expected in batteries technologies in 2020?

Rechargeable batteries are pivotal for almost all industries, from consumer electronics to electric vehicles (EVs). What key developments we will see in the batteries market.

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    1. Level 6
      This answer was edited.

      2020 is expected to be an important year for rechargeable batteries.

      • Lithium-ion batteries would see some challenges from alternative solutions such as micro capacitors, miniaturised solid-oxide fuel cells, graphene polymers, aluminium graphite and the nanowire technology and even sodium-based solutions by 2020 or beyond.
      • The solid-state batteries may start powering electric vehicles (EV) if Toyota achieves its goal. Other manufacturers intend to enter the market between 2022 and 2025.
      • Nikola Corporation also plans to unveil a new prototype battery in 2020. The newly designed battery would have four times high energy density and could cost 50% less of lithium-ion batteries.
      • The use of lithium-ion batteries in consumer electronics such as mobile phones is expected to increase further, driven by 5G technology.
      • New batteries capacities are to be added in 2020. KORE Power, an Idaho-based lithium-ion battery-maker plans to open a 10GWh battery manufacturing plant in the US by 2020. SK Innovation Co, a South Korean energy and chemicals company, will start the commercial battery production in Komarom, Hungary, with 7.5GWh capacity in 2020.
      • The expected fall in batteries costs would drive the energy storage market in 2020. The market price for batteries reached an average $150 per KWh in 2019 and is expected to down around $100/KWh.
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