Their report* notes the economic investment and potential impacts of ongoing research, which to this editor seems minor when compared to the gravity of the ongoing climate crisis.\u00a0 Researchers estimate \u201cmore than $1.4 billion invested in battery technologies in the first half of 2019 alone,\u201d less than 10 percent of the $16 billion spent in 2016 on plastic surgery<\/a>.\u00a0 Apparently, saving the planet is not nearly as crucial as getting butt lifts and Botox wrinkle removals.<\/p>\n Regardless of how quickly new battery technologies come to fruition, it will take time to replace existing technology infrastructures – in which trillions are already involved<\/p><\/div>\n Despite this, the Institute insists, \u201c\u2026 {M}assive investments in battery manufacturing and steady advances in technology have set in motion a seismic shift in how we will organize energy systems as early as 2030.\u201d<\/p>\n More hopeful, \u201cIncreased demand for electric vehicles, grid-tied storage, and other emerging applications further fuels the cycle of investment and cost declines and sets the stage for mass adoption.\u201d\u00a0 Manufacturing investment totals around $150 billion, with capital costs for new planned capacity possibly dropping by more than half from 2018 to 2023.\u00a0 Dropping costs have in turn incentivized purchases and further driven demand \u2013 and will push both lithium-ion (Li-ion) and new battery technologies across competitive thresholds faster than anticipated.\u201d<\/p>\n The report provides an overview of the leading technologies and chemistries, including solid-state cells and flow batteries.\u00a0 It explains that rapidly-increasing demand for different energy-storage is having an effect on investments in coal, natural gas and other fossil fuels, which leaves investors at the risk of seeing their money in those enterprises stranded in an economic wasteland.<\/p>\n Referring to Nobel Prize winner John Goodenough\u2019s recent claimed battery breakthough, EVobsession reported,<\/a> \u201cSeveral manufacturing companies<\/a> are interested in the new battery technology, and are currently working in getting it ready for mass production; however, a working product will be ready in a few more years from now.\u201d\u00a0 Since this was said two years ago, we might grow impatient waiting for mass production to take place.<\/p>\n \u201cMore specifically in March 2017, Professor Goodenough\u00a0had this to say<\/a>, \u2018\u2026we have done many tests with laboratory cells. Manufacturing a marketable battery cell will take about 2 years of development by a competent battery company, but we have over 50 companies showing interest to be able to perform tests of our results. I am optimistic that our tests will be verified and that product development will begin soon.\u2019 These \u2018\u2026battery companies have shown interest in validating our findings and marketing products.\u2019\u201d<\/p>\n![\"\"](\"http:\/\/sustainableskies.org\/wp-content\/uploads\/2019\/11\/batteries-graphic-1-528x389.png\")
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