McKinsey forecasts demand of 4.7 TWh of Li-ion battery in 2030
McKinsey Battery Insights predicts that demand for lithium-ion (Li-ion) batteries would increase to approximately 4.7 TWh by 2030, up from 700 GWh in 2022. According to the consulting firm, between 120 and 150 new battery factories will be required worldwide by the end of the decade.
In 2030, the mobility sector will account for approximately 4.3 TWh of this demand.
China will account for 45% of global Li-ion demand in 2025 and 40% in 2030, as its battery-chain segments reach maturity. However, the European Union and the US will experience rapid development, driven by recent regulatory changes and a broader push to localize supply chains.
Country updates
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January 19, 2023
Duke Energy buys 175 MW solar and storage project in Colorado
Duke Energy has purchased from JUWI Inc. the 175 MW Pike solar photovoltaic (PV) with energy storage project in Colorado, USA. The solar farm, which is being constructed to serve Colorado Springs Uti...
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January 19, 2023
Nautilus buys 54 MW community solar projects in New York
Nautilus has announced that it has acquired 54 MW of solar photovoltaic (PV) projects from Seaboard in New York, USA. The portfolio consists of nine community solar projects which are anticipated to b...
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January 19, 2023
Lightsource bp closes US$267mn tax equity financing for two solar projects in Louisiana and Arkansas
Lightsource bp has successfully closed on a US$267 million tax equity investment from Wells Fargo & Co which complements the debt financing package which originally closed in December 20...
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January 18, 2023
Sol Systems invests in 190 MW solar PV project in Texas
Sol Systems, LLC has acquired a 190 MW solar development project from ABEI Energy in Uvalde County, Texas, USA. Sol Systems will build, own, and manage the facility, which will power over 100,000 hom...
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January 16, 2023
Ørsted secures FID for Mockingbird Solar Project in Texas
Ørsted has secured the final investment decision (FID) for the development of the 471 MW Mockingbird Solar Center that will be constructed in Lamar County, northeast of Dallas in Texa...
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