Worldwide capacity of next-generation advanced batteries expected to increase nearly 1,000-fold by 2023, says Navigant

While lithium ion (Li-ion) batteries offer many advantages over traditional battery technologies, research and development of new battery chemistries that, in many ways, surpass Li-ion is advancing rapidly and is expected to have a major impact on the battery industry in the coming years. These new chemistries are anticipated to enable even more applications for batteries, thus increasing the overall size of the battery market. According to a recent report from Navigant Research, the total worldwide capacity of advanced batteries is expected to grow from 30.4MWh in 2014 to more than 28,000MWh in 2023.



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