Energy transport, storage and distribution

New battery technology

Li-ion batteries have reshaped portable electronics, enabled EVs, and will be an essential part of the renewable energy infrastructure. First described in the 1970’s and commercialized by Sony in the early 1990’s for portable electronics, these lightweight and power-dense batteries have mostly replaced the old alkaline cells that powered the flashlights and radios of the 20th century.

Manufacturing at scale has quickly reduced cost and increased the energy density of Li-ion batteries, making long-lasting portable electronic devices and EVs possible. Thanks to these improvements, we expect half the cars sold globally in 2032 to be electric.

In this chapter, DNV's Technology Progress Report covers: 

  • Lithium-ion battery technology
  • Improvements
  • New batteries
  • Electric Vehicles

DNV perspective

Beyond commercially available technology, there are also step-change improvements for lithium batteries which are moving from labs and R&D departments to prototype stage.

These improvements will continue to reduce cost and increase energy density. Li-ion battery advances will be fueled by the massive increase in EV production and a continuous quest to lower cost and boost range. Long-duration energy capture is critical to fully meet the needs of the energy transition. 

In the future, we expect to see Li-metal anode batteries with solid electrolyte and high-nickel/low-cobalt cathodes for the performance EV sector and an LFP variant for low-cost lower range EVs and stationary applications. We may see a sector coupling with transportation and industrial heating via green hydrogen technologies for very long duration energy storage.