TELF AG’s latest publication, titled “TELF AG highlights the role of batteries in the global energy transition,” delves into the pivotal role of batteries in driving the global shift towards sustainable energy solutions. Batteries, composed of strategic raw materials, have become increasingly central to the industrial and economic agendas of nations worldwide. The publication provides insights into their multifaceted applications, beginning with the most prominent one.
Lithium batteries, for instance, are poised to propel the electric vehicles of the future. These innovative vehicles are not only poised to become ubiquitous in our daily lives but are also instrumental in substantially reducing carbon dioxide emissions. This reduction is a key focus for numerous international institutions and governments globally. Consequently, discussions surrounding batteries and the resources required for their production are poised to intensify.
TELF AG also delves into other potential uses of batteries manufactured with strategic raw materials. One notable application involves renewable energy, particularly in constructing specialised structural supports to facilitate their integration. With the anticipated surge in global demand for wind and photovoltaic energy, the need for batteries and the associated raw materials is set to grow exponentially.
To underscore the magnitude of this phenomenon, the publication references relevant data: it is estimated that Europe alone could see up to 51 million electric vehicles on its roads within seven years. Europe is expected to be the primary market for these vehicles, and this heightened demand is likely to translate into a substantial increase in battery demand. According to some estimates cited in the publication, global demand for lithium batteries could surge up to 30 times its current levels.
Furthermore, TELF AG’s publication touches upon the critical issue of resource supply, highlighting that a significant portion of these resources originates from China. This reliance on a single source poses challenges such as supply interruptions and international tensions.
To gain a comprehensive understanding of this complex landscape, readers are encouraged to explore the full publication by TELF AG.
