The Crucial Role of Batteries in Secure Clean Energy Transitions

Batteries have become an indispensable part of the global energy landscape, poised to play a pivotal role in facilitating secure clean energy transitions. In the transportation sector, they are the cornerstone of the millions of electric vehicles sold annually, while in the power sector, battery storage is emerging as the fastest-growing clean energy technology. Their versatility allows them to be used in utility-scale projects, behind-the-meter storage for homes and businesses, and decentralized solutions like mini-grids and solar home systems. Additionally, the rapidly declining costs of batteries are significantly enhancing the competitiveness of electric vehicles and storage solutions in the power sector.

The International Energy Agency's (IEA) Special Report on Batteries and Secure Energy Transitions underscores the critical role batteries will play in meeting the ambitious 2030 commitments made by nearly 200 countries at COP28. These commitments aim to steer the global energy system towards net zero emissions by tripling global renewable energy capacity, doubling the rate of energy efficiency improvements, and transitioning away from fossil fuels.

This special report compiles the latest data and information on batteries globally, including recent market developments and technological advancements. It provides valuable insights and analyses of leading markets and identifies key barriers to growth. By examining the entire battery ecosystem, from critical minerals and manufacturing to usage and recycling, the report highlights synergies and potential bottlenecks across various sectors. It also points out areas requiring more attention from policymakers and industry leaders.

Published in April 2024 under a CC BY 4.0 license, this report serves as a crucial resource for understanding the evolving role of batteries in the global energy transition.

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