The Next 12 Months

Venture Capital and Private Equity funding for battery companies continue to gain momentum. Energy storage startups will raise >$5B USD of private funding in 2022.

Segments of the EV market will start a pivot to ‘new’ battery chemistries to optimize for range or cost. “Beyond-NMC” chemistries such as NMCA and LFP will be shipped in new EVs.

Price volatility in battery raw materials will continue as the supply chain searches for new equilibriums. Lithium metal, carbonate, and hydroxide prices to see 30%+ swings.

Development of solid state battery technologies to achieve 120Ah cell demonstration in industry.

Traditional auto OEMs to accelerate EV product introduction. 40+ EV car models will be available for consumers in the US in 2022.

M&A activity to gain momentum as large companies seek to acquire new technology and hard-to-find talent. 5+ battery startups will be acquired by larger companies.

Volume of batteries reaching end-of-life (EoL) will increase in lockstep with EV production. 5+ startups will be created to capture opportunities in 2nd life, recycling, and adjacent businesses.

Total global installed battery cell manufacturing capacity to surpass 800 GWh.

Extracted from the PDF; charts and images may read imperfectly.