Asia to remain ‘Mother of Batteries’, producing 1 TWh pa by 2025

Published onDecember 24, 2020

In its monthly energy transition report, Rystad Energy has found that Asia, is, and will remain the mother of batteries over the coming decade. The report details that the world’s current total battery cell production capacity is about to exit 2020 at around 617 gigawatt-hours (GWh) per year. Most of this capacity, 516 GWh, comes from producing facilities in Asia. Europe follows with 61 GWh and North America with 40 GWh of production capacity. Existing sanctioning is set to create a boom in capacity for Europe and North America towards 2025, while Asia’s capacity is also set to expand, dwarfing other continents, and securing its place as the ‘mother of batteries’. In 2025, Asia’s production capacity is set to double to around 1 terawatt hour (TWh) per annum. Europe will follow with around 0.33 TWh and North America with around 0.14 TWh. The report then goes on to add that currently, the world’s battery cell producing capacity by far exceeds global demand, which is limited to around 140 GWh per year.