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Economist Podcasts

Babbage: How to avoid a battery shortage

Oct 25, 2023
Join Paul Markillie, Innovation editor at The Economist; Matthieu Favas, finance correspondent; and Anjani Trivedi, global business correspondent, as they tackle the pressing challenge of battery shortages for the green transition. They discuss the urgent need for improved battery technology, the importance of sourcing green metals, and potential alternatives like sodium-ion batteries. The conversation also covers recycling innovations, global supply chain dynamics, and the economic implications of sustainable practices, all crucial for powering a future that relies on renewable energy.
44:44

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Quick takeaways

  • Advancements in battery technology, such as solid-state electrolytes and sodium-ion batteries, hold promise for increasing energy storage capacity and reducing reliance on rare metals.
  • In order to promote the adoption of clean energy and electric vehicles, commercially viable and cost-effective battery technologies, like lithium iron phosphate batteries, along with efficient recycling practices, must be embraced.

Deep dives

Advancements in Battery Technology and the Importance of Storage

The podcast episode discusses the importance of energy storage in the transition to renewable energy. It highlights the need for advancements in battery technology to store more energy with less reliance on rare metals. The episode mentions lithium-ion batteries as a significant development in the field, enabling the rise of electric cars. However, it also acknowledges the limitations of lithium-ion batteries, such as safety concerns and limited capacity. The episode explores two potential solutions: improving lithium-ion batteries through solid-state electrolytes and exploring sodium-ion batteries as a cheaper and more common alternative. It also discusses the challenges of securing sufficient metals and minerals for battery production, particularly copper, which presents supply chain issues. The episode suggests that a combination of recycling, technological innovation, and diversification of battery chemistries may hold the key to addressing these challenges and driving the widespread adoption of green energy.

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