International Energy Agency
@IEA
Shaping a secure & sustainable energy future. We provide data, analysis & ambitious real-world solutions on all fuels & technologies.
Exec Director: @fbirol
ID:84679163
http://www.iea.org 23-10-2009 20:20:57
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Batteries and Secure Energy Transitions is out today ! International Energy Agency
Free to download, it covers the whole battery ecosystem, manufacturing to uses in power and EVs in pursuit of #COP28 goals on:
#renewables
#energyefficiency
& transition away from #fossilfuels
iea.org/reports/batter…
To learn more about International Energy Agency’s new Special Report on Batteries & Secure Energy Transitions, read the full report, available online → iea.li/3Jz7WEx
And join Laura Cozzi, Brent Wanner & me for the LIVE launch event from 11:00 CEST → iea.li/49Tolyk
International Energy Agency Ensuring sufficient critical mineral supplies will be key to scaling up batteries quickly
New supply investments & demand-side measures could help address these issues
Recycling, size adjustments & innovation in battery chemistries could cut mineral consumption by 25% in 2030
International Energy Agency Battery manufacturing capacity has more than tripled in the last 3 years
And completing all announced projects would be sufficient to meet demand to 2030 in a 1.5C-aligned pathway
But manufacturing remains too concentrated in only a few countries, creating supply chains risks
International Energy Agency Reaching energy & climate targets hinges on whether batteries scale up fast enough
More than half the job that we need to do on cutting emissions will rely on batteries
Energy storage, led by batteries, will need to increase sixfold by 2030 to help meet the goals set at COP28
International Energy Agency Batteries are a game-changer:
Today, utility-scale batteries paired with solar PV are already competitive with new coal plants in some countries like India
In just the next few years, batteries + solar will be cheaper than new natural gas plants in the US & new coal in China
International Energy Agency Thanks to the rapid decline of battery costs – 90% since 2010 – they're speeding up opportunities to cut emissions in road transport & electricity
In 2023:
Electric car sales rose to a record of almost 14 million
Battery storage deployment in the power sector more than doubled
International Energy Agency Batteries aren't just for powering your smartphone
In 2016, the energy sector accounted for around 50% of global demand for batteries, about the same share as electronic devices
By 2023, energy's share had risen above 90% - in a market 10 times the size: iea.li/3Jz7WEx
Batteries are a vital part of the energy transition. Here's why:
- They're the fastest growing clean technology on the market
- They help meet climate goals & ensure energy security
- They bring down emissions in power & transport
International Energy Agency's new report ➡️ iea.li/3QmAogL
The #ClimateClub convened in Berlin today for the 1st strategic dialogue. Members discussed how the possible risks of ambitious climate policies, in particular carbon leakage, can be handled.
Global electric car sales are on track to grow strongly again this year, reaching about 17 million
With more than 1 in 5 cars sold worldwide in 2024 set to be electric, the rise of EVs is transforming the auto industry & the energy sector
More from International Energy Agency: iea.li/3Us3ZYF