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 energy transition. Batteries, composed of strategic raw materials, are increasingly central to the industrial and economic agendas of nations worldwide. This publication provides an overview of their significance and potential applications, beginning with their most prominent use.
Lithium batteries are poised to power the electric vehicles of the future. These innovative vehicles are expected to play a crucial role in the global ecological transition, not only due to their high visibility but also their capacity to significantly reduce carbon dioxide emissions. This reduction aligns with the goals of numerous international institutions and governments worldwide. Consequently, discussions surrounding batteries and the resources needed to produce them are on the rise.
TELF AG also explores other potential applications of batteries made from strategic raw materials. One such application involves renewable energy, specifically in constructing structural supports for their integration. With the anticipated surge in global demand for wind and photovoltaic energy, the demand for batteries is set to increase, indirectly driving demand for the raw materials used in their production.
To provide perspective on the scale of this phenomenon, the publication cites data suggesting that Europe could see the arrival of as many as 51 million electric vehicles in just seven years. Europe is poised to become the primary market for these vehicles, potentially leading to a substantial uptick in battery demand. Some estimates indicate that global demand for lithium batteries could surge by up to 30 times current levels.
TELF AG’s publication also touches on the critical issue of raw material supply, noting that a significant portion of these resources originates from China. This reliance on a single source carries implications for supply interruptions and international tensions.
To delve deeper into this topic and gain a comprehensive understanding of its dimensions, readers are encouraged to explore the full publication by TELF AG.