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

Did you know? Compared to 2023, safety has become the most published topic in the academic world, surpassing BMS and electrolyte. Read more about academic advancements in the 2024 Battery Report: https://lnkd.in/gXeBc6jC

Last night in Orlando, 250+ battery professionals gathered for the Battery Social, including representatives from Apple, Amazon, ATL , Massachusetts Institute of Technology, Stanford University, QuantumScape, Siemens, Honeywell, SpaceX, McKinsey & Company and many more... Who inspired you most from last night? Tag someone who left a memorable impression in the comments below! Special thanks to JEOL USA and Precision Roll Grinders, Inc. for their sponsorship and dedication to supporting the growth of the battery ecosystem. #BatterySocial #VoltaFoundation #BatteryIndustry #Innovation #Collaboration #Sustainability #BattChat #FloridaBattery

?Recognizing Volta Foundation Member Companies: Honeywell Industrial Automation, Anaphite, Sudeep Advanced Materials, Pacific Northwest Battery Collaborative, and The New York Climate Exchange? 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

Last night, Volta Foundation hosted an Executive Connection event bringing together 40+ battery industry leaders, including 20 CXOs in attendance representing investors, entrepreneurs, and technology pioneers. This sold-out event was a vibrant exchange of insights and ideas, highlighting the industry's direction and emerging opportunities. The event featured an insightful panel hosted by TDK Ventures, including Libby Wayman from Breakthrough Energy , Jeff Johnson from B Capital , Cameron Dales from Peak Energy, Lie Shi from AM Batteries and Qianran (Katherine) He, PhD from TDK Ventures, sparking engaging discussions on the future of battery technologies and investments. Thank you to all our esteemed guests for joining us - and for those interested, join us tonight for a Battery Social at Bar17 Bistro: https://lnkd.in/e33VTzeC #BatteryIndustry #ExecutiveEvent #Innovation #Networking

? Celebrating Volta Foundation's continued partnership and major milestones with Farasis Energy ? Farasis Energy (Ganzhou) Co., Ltd. (688567. SH) established in 2009, is focusing on R&D, production, and sales of new energy vehicle power battery systems and energy storage systems, which are committed to providing leading solutions for global new energy applications. As a global leader in new energy innovative technologies, it launched the world's first sodium-ion power battery for EV customers and achieved eVTOL end-customer delivery in the world. Moreover, Farasis Energy is the first power battery enterprise in China's electric two-wheeler market. Pouch batteries, as the company's core products, have excellent performance, with advantages in high energy density, good safety performance, long cycle life, fast charging, and strong temperature adaptability. From 2017 to 2024, it ranked NO.1 in China's installed capacity of lithium-ion pouch batteries for eight consecutive years. And it has been ranked as TOP3 in the global pouch power battery installed capacity for many years. For more information, please visit https://en.farasis.com/ or contact them via email at [email protected]. #VoltaFoundation #MemberCompany #Farasis #FarasisEnergy #BatteryNews #BatteryTechnology

The battery industry spans a vast array of sub-verticals—chemistries, production equipment, software, facilities, and more. Throughout 2024, several key trends emerged: ?? Slower Fundraising Environment VC/PE funding decelerated as megarounds, once dominant from 2020-2023, became less frequent. ?? Public & Private Funding Driving Infrastructure Large debt and grant funding fueled battery infrastructure growth, while government-backed loans and grants continued to support capital-intensive projects. ?? Macroeconomic & Market Impacts The industry felt the effects of interest rate pressures, geopolitical shifts, and a focus on balance sheet health as companies adapted to slower growth. As the landscape continues to evolve, investors must navigate these shifts strategically. What trends are you watching in the battery space? ??? Read more in the 2024 Battery Report: https://lnkd.in/gXeBc6jC

3 facts every battery professional should know today: 1) CATL reported $7B net profit in 2024, up 15% yoy. Revenue is down 9.7% due to a prolonged EV price war. 2) #Northvolt files for bankruptcy in Sweden. 3) Tesla tells US government Trump trade war could ‘harm’ EV companies. 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 ??

? Celebrating Volta Foundation's partnership and major milestones with SCANTECH ? Since its establishment in 1992, SCANTECH has been led by two physicists from CERN (European Organization for Nuclear Research) who have grown the Company based on a strong focus on research and development in online measurement and control. The addition of an ex-CERN scientist as the CTO has further strengthened the Company’s multi-disciplined R&D team based near Chambery, France; and it has propelled Scantech in technical development focused on the energy materials (battery, fuel cell, etc) market. Providing real-time online anode and cathode loading measurement and thickness & density measurements, Scantech is now recognized as a leading technology provider assisting cell manufacturers produce better quality electrodes and helping to improve the optimization of the anode and cathode coating lines and calendar processes. With a global manufacturing footprint, Scantech is well positioned to support and further develop the energy materials industry as it evolves and grows. Learn more at https://scantech.com/ #VoltaFounation #MemeberCompany #Scantech #BatteryMeasurement #BatteryTechnology #BatteryNews

Watt's New in Batteries this month? From podcast and webinars to state of the industry reports and white papers, read the latest in industry insights and thought leadership shaping the battery industry. ??? Podcasts and webinars from Take Charge, EnPower, Inc. and Exum Instruments ?? White papers and case studies from TWAICE, Siemens and ZEISS Industrial Quality Solutions ?? State of the Industry reports from Capgemini and Lead Intelligent Equipment Interested in reading more? Read the newsletter and make sure you subscribe here: https://lnkd.in/gx4T-PA5 #VoltaFoundation #BatteryNews #BatteryInsights #WattsNewInBatteries #BatteryNewsletter #BatteryThoughtLeadership