Volta Foundation

The 2024 Battery Report is now live! 🔋🎉 2024 marked a transformative year for the battery industry, with significant developments in investments, manufacturing, supply chains, innovation, research, policy, and talent. Read the full report: https://lnkd.in/gXeBc6jC Key highlights from this 500+ page report: 🚗 25% EV Growth: Global xEV sales grew 25% to 17.7M units. China achieved BEV price parity with fossil vehicles, with xEVs now making up 45% of new car sales. ⚡ The’ BESS Decade’: BESS deployment surged 55% YoY. 45% of global BESS capacity came online in 2024 alone. 📉 Overcapacity: Cell prices saw an all-time low of $40/kWh for China-made LFP cells. Manufacturing capacity jumped from 1.05 TWh to 1.45 TWh globally. Battery pack prices dropped 20% YoY to $115/kWh - the biggest drop since 2017. 🇨🇳 China’s Dominance: Over 80% of key battery components are controlled by Chinese supply chains. 🏗️ Supply Chain Challenges: Northvolt’s bankruptcy highlights fragile Western manufacturing growth. 🔬 Tech Advancements: Na-ion and semi-solid state batteries launch into commercial EVs and BESS systems. 👩🔧 Workforce Trends: 78% of battery industry professionals felt good about what they’re working on, and 66% are happy about their career prospects. Gender disparity persists, with women earning 30% less at entry-level and under-represented in senior ranks. 📈 Skills & Retention: Manufacturing, scale-up, and process engineering dominate demand, but non-technical skills are increasingly valued. Workers prioritize growth and learning but cite salary as the top reason for leaving for greener pastures. 🌍 Race to Supply Chain Localization and Dominance: Tensions rise as Western countries ramp up tariffs and subsidies to reduce reliance on China, while China counters with export restrictions on high-end battery technologies. With the industry moving at a breathtaking pace, we hope to lower the barrier for anyone looking to learn more about the battery industry, and to catalyze dialogue on the state of batteries and its trajectory into the future. This open-access report was produced by the Volta Foundation and was a massively collaborative project between 100+ battery professionals from 75+ institutions. Have feedback or questions? Drop a comment👇 or message us – we’d love to hear what you think of the 2024 Battery Report! #BatteryReport2024 #Batteries #EnergyStorage #Energy #EV #ElectricVehicle #BattChat #Sustainability #lithiumionbatteries

To match industry leaders, battery manufacturers must master operational efficiency, leveraging advanced data collection and analysis. Ramp and yield challenges remain a key driver of overcapacity, with 2024 highlighting the struggle to achieve peak Operating Equipment Efficiency. A recent Fraunhofer ISI report quantified the scale of the issue, with scrap loss reduction alone representing a $10B+ annual opportunity (25% scrap at 1.5TWh). Is the industry doing enough to close this gap? ⚡ Read more in the 2024 Battery Report: https://lnkd.in/gXeBc6jC

We're less than 2️⃣ weeks away from 100+ professionals joining us for a Volta Foundation Battery Social in Atlanta at The Battery Show South! Tickets are going fast - grab yours now: https://lnkd.in/gm95MuET Special thank you for our event partners: Malvern Panalytical, Micromeritics Instrument Corporation and ZEISS Industrial Quality Solutions

⚡Recognizing Volta Foundation Member Companies: COMSOL, Inc., Engineering Systems Inc. (ESi), SES AI, Group1 and University of North Carolina at Charlotte BattCave ⚡ Volta Foundation is proud to spotlight the incredible contributions of its Member Companies, whose innovations and leadership continue to shape the future of battery technology and help champion the growth of the battery industry. Interested in becoming a Member Company? 🔗 https://lnkd.in/gMzaB_wz #VoltaFoundation #MemberCompany #BatteryNews #BatteryIndustry #BatteryTechnology

Watt's new in batteries this month? From virtual and in-person events to socials, webinars and more, check out more than two dozen battery events happening in April ⚡ 🌎 Conferences like The Battery Show South, Battery Forum (Volta Foundation) and RE+ 💻 Webinars with NOVONIX, ACCURE Battery Intelligence, LECO and TESCAN 🤝 Volta Foundation Battery Socials in Atlanta and Bristol and in-Person networking events with Pacific Northwest Battery Collaborative 💼 Battery Careers & Workforce (Volta Foundation) Battery Career Fair Read more in the latest edition of Watt's New in Batteries and subscribe here: https://lnkd.in/gx4T-PA5

Interested in a career in the battery industry? Meet more than 25 battery companies at the Battery Careers & Workforce (Volta Foundation) Battery Career Fair! Register here for Thursday's #BatteryCareerFair: https://lnkd.in/gkJ4tNHQ

From tariffs to investments, global policies in 2024 reshaped battery supply chains and the EV industry. Despite set backs, global investment in battery tech & the energy transition is accelerating—fueled by abundant supply & record-low costs. See the latest on global battery policy by downloading your copy of the Battery Report: https://lnkd.in/gXeBc6jC

⚡Celebrating Volta Foundation's continued partnership and major milestones with ZEISS Industrial Quality Solutions⚡ ZEISS Industrial Quality Solutions is a global supplier of cutting-edge metrology solutions. With its robust portfolio and renowned industry expertise, ZEISS is at the forefront of developing innovative methods of solving evolving battery manufacturing challenges and supporting battery development, from AI-powered analysis to digital twin strategies and beyond. ZEISS solutions include: ⚡Industrial CT/X-Ray ⚡Electron and light microscopes ⚡Multi-sensor CMMs ⚡Vision Measuring Machines ⚡3D scanners ⚡Intelligent metrology software ⚡Data management software ⚡Customized automation solutions To learn how ZEISS technologies can improve your battery manufacturing processes, visit ZEISS at The Battery Show South, booth 519. Tap here to add ZEISS to your planner: https://zeiss.ly/cmbq Don't miss the opportunity to see the power of the ZEISS Axio Zoom V16 in action at Battery Show South. This cutting-edge microscope enables fast, accurate, and efficient burr detection, revolutionizing the quality control process for battery manufacturers. Visit the ZEISS booth on Wed., April 16, at 10:00 AM to see a special live demonstration. Also, catch their conference presentation at the show “Advanced 3D X-ray Microscopy Techniques to Improve Material Inspection and Promote Sustainability in Batteries” on Wed., April 16 at 4:45 PM. Learn more: https://zeiss.ly/x6wy Can’t make it to Battery Show South? Dive into ZEISS tech for battery manufacturing and discover how it enables data-driven strategies to support quality throughout the product lifecycle— from idea to iteration to innovation: https://zeiss.ly/nfms #VoltaFoundation #ZEISS #MemberCompany #BatteryShowSouth

3 facts every battery professional should know today: 1) Trump announced 25% tariffs on all foreign-made vehicles, which he said would take effect on April 2. 2) BYD reported $107B in sales for 2024, a 29% jump from the previous year. 3) ION Storage Systems successfully produced its first multi-layer ceramic SSB cell on its semi-automated production line at its factory in Beltsville. Let us know your thoughts in the comments below! ____________________________________________________________ Thank you to 20,000+ subscribers for supporting the TWIB newsletter 🚀🚀🚀 Follow Mouda A. for more battery industry insights 🔋

BEVs have officially reached price parity with ICE vehicles in China, while the rest of the world races to catch up. How have Chinese automakers pulled ahead? ✅ Cost reductions ✅ Fierce price competition ✅ Economies of scale ✅ Strong government incentives Read more about price parity the 2024 Battery Report: https://lnkd.in/gXeBc6jC