Forecast of the recycled lithium-ion battery storage supply for utilities 2030
By 2030, the global supply of utility-scale battery storage from second-life electric vehicle batteries is expected to reach 112 gigawatt hours. According to a study published by McKinsey & Company there will be a strong supply of degraded lithium-ion EV batteries which will have to be discarded as they will no longer meet automotive performance standards. This supply could, however, be exploited for less-demanding applications, such as energy storage services for better integration of renewables into electricity grids.
