Makers of next generation advanced batteries (NGAB) will have to partner with lithium-ion and energy companies, according to a new report.
Market research firm Navigant Research believes companies moving toward commercialisation of NGABs will either receive investment or be bought by leading lithium-ion firms.
That’s because within six years established battery companies will be looking to add new technologies to their manufacturing, supply chain, and sales channels.
Sales growth for pre-commercial NGAB chemistries in both lithium and energy markets is not expected to accelerate until 2021-2025.
Lithium solid-state (Li-SS) is thought to be the first new battery chemistry for the automotive market, with advanced flow batteries set to be the first new technology for the stationary energy storage sector, states the report.
The report states: “Despite the progress made by commercially available lithium ion, advanced lead-acid, flow, and molten salt batteries, the path toward the commercialisation of new battery chemistries continues.
“Several new advanced battery chemistries are projected to become commercialised in the coming years. Meanwhile, motive transportation energy storage needs will be met by commercially available lithium-ion batteries during the next decade.”
Lithium-ion remains the top choice for grid-tied stationary energy storage projects, with a mix of advanced lead-acid, flow, and sodium sulfur (NaS) batteries also used.
The Navigant Research Leaderboard Report profiled, rated, and ranked 12 leading battery companies aiming to commercialise NGABs.
These include lithium sulfur (Li-S), Li-SS, next-generation flow, and liquid metal battery companies.
Lithium-ion and flow battery firm Lockheed Martin Energy topped the list of Navigant’s NGAB firms, which were rated on 12 criteria, including commercial go-to market strategy; partners, and technology.