As we progress into the 21st century, we’re venturing into the greatest technological replacement since the industrial revolution.
For a long time, carbon sources dominated our civilization, leaving a lasting mark on the habitat of our planet. Yet, that is changing as policy shifts push the world toward cleaner, more sustainable energy sources. For example, in December 2021, Joe Biden signed an executive order directing the US government to reduce carbon emissions by 65% by 2030.
While there are plenty of ways to produce that energy, storing it requires solving various other issues. Batteries seem to be the best way of storing this energy, but their research and development are immeasurably more complicated than a simple steel barrel of oil.
Therefore, this accelerating demand includes an entire vertical supply chain – from miners who provide essential commodities like cobalt and lithium to end manufacturers who deliver the finished products.
According to the International Renewable Energy Agency, battery storage has massive deployment and cost-reduction potential – as much as 50-60% by 2030. Combined with global initiatives like the Net Zero, this creates investment opportunities within the entire production chain.
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Simply Wall St analyst Stjepan Kalinic and Simply Wall St have no position in any of the companies mentioned.