In the era of Energy Storage, How Can Lithium-ion Batteries Achieve Zero Carbon?

With the proposal of carbon neutrality goals, renewable energy generation has become an important direction for the global energy industry. According to data from the International Energy Agency, global renewable energy installed capacity reached a record high in 2022, increasing by 300GW. It is estimated that by 2030, the annual increase in renewable energy installed capacity will be 1000GW. However, intermittent and fluctuating issues in new energy generation still exist, and energy storage systems have become a "must" to solve this problem.

Energy storage systems play an important role in power generation and transmission and distribution. They can smooth power fluctuations, absorb new energy, and improve grid stability through frequency regulation. On the user side, energy storage helps distributed photovoltaics to achieve self-consumption, and excess electricity can be sold to the grid. Users can also reduce electricity costs through peak-valley price arbitrage. Therefore, energy storage is known as the "lifeline" of new energy generation and is a key path to achieve global carbon neutrality.

Li ion battery cell is emerging

According to data from GGII, by 2025, global energy storage battery shipments will exceed 500GWh, and by 2030, the global energy storage battery market will enter the era of TWh. Like photovoltaics and electric vehicles, China occupies an absolute market share in the energy storage field with its core advantages in the li con battery and power electronics industries. In 2022, global energy storage battery shipments exceeded 150GWh, and China's energy storage battery shipments reached 130GWh, accounting for a high proportion of 87% of the global market. With the further release of global market demand, the global share of China's energy storage industry chain will further increase.

The urgent need for carbon neutrality in the li ion battery cell industry chain

Energy storage batteries account for over 60% of the value chain of energy storage systems. The industrial chain involved is extremely complex, from mineral resources to key materials, and then to cell manufacturing, and it consumes high energy in multiple stages. Therefore, the carbon emissions of batteries themselves are imminent issues. In 2022, carbon emissions from the production of global energy storage and electric vehicle batteries exceeded 90 million tons.

In order to reduce the carbon emissions in the energy storage battery stage, many companies have taken multiple measures. First, by improving the energy efficiency of battery production and reducing energy consumption, zero-carbon battery manufacturing is achieved. Second, the use of 100% zero-carbon energy supply ensures the low-carbonization of the battery production process. In addition, it can also play a role in zero-carbon industrial parks, empowering the entire supply chain to jointly reduce carbon emissions.

The future trend of zero-carbon li con batteries

With the formulation and implementation of global carbon neutrality goals, the ability to have zero-carbon batteries will become an inevitable trend to meet the global energy storage market demand. Countries have introduced regulations on carbon footprints and carbon emissions to ensure the environmental friendliness of products. Europe has enacted new battery laws that require li con battery manufacturers to report product carbon footprints starting in 2024 and reach the limit requirements for relevant carbon footprints by 2027. The European Union has also implemented carbon tariff barriers, becoming the first economy in the world to impose a "carbon tariff". Other countries are also introducing strict requirements on carbon footprints and carbon emissions.

In this context, the development of zero-carbon batteries will become the future trend of the energy storage battery industry chain. As a leading enterprise in the Chinese energy storage battery industry, Farasis Energy has taken active actions to achieve zero-carbon battery manufacturing by improving efficiency, using zero-carbon energy sources, and promoting the construction of zero-carbon industrial parks. This will help meet the market demand and lay a solid foundation for the sustainable development of China's energy storage battery industry. In the era of energy storage, how can li con batteries be zero-carbon? The answer to this question is gradually becoming a reality.