Powering the energy transition: Investing in battery technology the lynchpin for a low-carbon economy

Interest in electric cars will build momentum

A radical energy transition is underway, driven by a combination of environmental, policy and technology factors. Our energy system is being electrified and decarbonised, switching away from fossil fuels into clean, renewable sources of energy. The effect will be transformational.

According to the International Energy Agency (IEA), energy is responsible for two-thirds of all greenhouse gas emissions, with transport accounting for 24% of direct CO2 emissions from fuel combustion. It is unsurprising that power and transportation are clear areas of focus for the energy transition. A great deal has been achieved in the development of renewables power generation and electric vehicles. Breakthroughs in battery energy storage technology have been a key enabler. Batteries: Key enabler in the energy transformation story In the transportation market, electric vehicles ...