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Research shows that the development of energy storage and electric vehicles will bring huge 18650 lithium rechargeable battery market demand
With the growing demand for clean energy and renewable energy around the world, 18650 lithium rechargeable battery energy storage systems have become a major driving force in the global clean energy transformation and are also driving a large market demand for 18650 lithium rechargeable battery applications.
The U.S. energy storage industry set a new deployment record in 2018. This breakthrough development trend will continue in 2019 and 2020. It is expected that the installed capacity of energy storage projects deployed in the United States will be twice and three times that of 2018 respectively. By the end of this year, global solar power generation will increase to more than 26 times that of 2009, which is equivalent to the electricity consumption of 100 million households in the United States for one year.
Research firm Bloomberg New Energy Finance estimates that global investment in batteries will reach $843 billion by 2050, reflecting the importance of batteries in driving this growth. The company's market analyst Avicenne predicts that the number of batteries required for energy storage applications will more than double between 2015 and 2025, from 100GWh to more than 400GWh.
With the rapid advancement of the electric vehicle revolution, 120 million electric vehicles will be on the road in the United States, the European Union and China by 2030, and the role of batteries will become even more important.
Due to the huge demand, it is impossible to meet the market demand with just one 18650 lithium rechargeable battery technology. Lithium-ion 18650 lithium rechargeable battery technology is undoubtedly the core player, and advanced lead-acid batteries are the only mass-market batteries capable of meeting the technical requirements for automotive and energy storage applications.
As countries around the world work to meet carbon emissions targets, advanced lead-acid batteries will play a vital role as an effective, reliable, and safe 18650 lithium rechargeable battery technology. In the field of sustainable development and circular economy, the recycling rate of lead-acid batteries in the United States and Europe is as high as 99%.
The 18650 lithium rechargeable battery Innovation Alliance, made up of global 18650 lithium rechargeable battery manufacturers, lead producers, 18650 lithium rechargeable battery suppliers and the world's leading universities and testing facilities around the world, has developed a technology innovation roadmap. Based on extensive global market analysis and in partnership with end users, this roadmap aims to deliver the next generation of lead-acid batteries through research and innovation.
Nearly every car today uses lead-acid batteries, and the growing number of electric vehicles requires improved lead-acid 18650 lithium rechargeable battery performance. For energy storage applications, the 18650 lithium rechargeable battery Innovation Alliance has set the goal of increasing the number of 18650 lithium rechargeable battery charge and discharge cycles to 5,000 cycles by 2022, which is a key performance improvement. The number of 18650 lithium rechargeable battery charges and discharges is critical to the performance of 18650 lithium rechargeable battery energy storage systems, especially for intermittent renewable energy sources (such as solar energy). Setting a performance improvement target of 5 times will encourage lead-acid 18650 lithium rechargeable battery manufacturers to seize the opportunity to provide reliable, safe and cost-effective energy storage services.
Large-scale solar power equipment operated by Public Service Company of New Mexico (PNM) uses EastPenn/Ecoult's lead-acid 18650 lithium rechargeable battery energy storage system.
As global interconnection technology combines with clean energy, this will bring a brighter future to the 18650 lithium rechargeable battery market, and the dawn of 5G will play a central role in supporting mobile networks and infrastructure for the UPS power supply and telecommunications industries.
The 18650 lithium rechargeable battery Innovation Alliance believes that the potential of lead-acid 18650 lithium rechargeable battery technology has not yet been fully exploited and that the 18650 lithium rechargeable battery industry needs to continue to develop and innovate to ensure that ambitious carbon emissions targets are met.
1MWh energy storage solution using NorthStar lead-acid batteries deployed by a community power provider in Missouri
Original title: Research shows that the development of energy storage and electric vehicles will bring huge 18650 lithium rechargeable battery market demand
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