The global battery market is experiencing substantial growth, with predictions of a tenfold increase by 2030, reaching 2035 GWh in market volume. However, recent data from SNE Research indicates a 6% overage in the 2021 market volume compared to predictions. The main driver is the demand from the transportation sector, particularly electric vehicles (EVs), putting pressure on battery suppliers to expand rapidly. The rise in EVs will also lead to increased energy demand and necessitate energy storage systems for grid sustainability.

Anticipated challenges include rising prices due to high demand exceeding supply between 2023 and 2027. To address this, a key strategy is to intensify recycling efforts to recover valuable raw materials and reduce reliance on Chinese suppliers. Automakers are already investing in recycling facilities to meet EU restrictions.

The text emphasizes the importance of sustainable battery technology with second-life capabilities to address rising electricity needs, taking into account the total cost of ownership (TCO). Battery cells, particularly cylindrical ones, are highlighted for their sustainability and potential for second-life applications.

The E-Stream technology is introduced as a cutting-edge solution for battery recycling, allowing for the individual extraction of each battery cell without damage. This technology facilitates upgrades, extends the lifespan of energy storage systems, and enables the reuse of second-life cells, contributing to a more sustainable and efficient circular economy.