The stationary energy storage system (ESS) industry will be a significant source of lithium-ion batteries that can be recycled and reused, the head of Finnish state-owned energy company Fortum’s battery business line has said.
Lack of industrial policy and strategy and vulnerability to supply chain disruption are among the key things holding back the US’ position in global battery manufacturing.
Emphasis has been placed once again on the importance of developing domestic battery supply chains for electric vehicles and energy storage by the administration of US President Joe Biden, with the country currently highly dependent on imports.
With the US having rejoined the Paris Accord on the climate crisis last week, President Joe Biden has now signed an Executive Order which identifies the importance of mitigating risks in the supply chain for “large capacity batteries”.
