Internationally challenging factors

emergency funding and a booming UK battery business has been hampered by Brexit and uncertainty over the UK automotive sector.

The invasion of Ukraine has completely shifted the global energy map, with coal power stations once thought consigned to history being turned to for back-up solutions with the energy crisis turning 63% of drivers off electric vehicles according to a September 2022 AA survey of 12,500 drivers.

In addition to this EV subsidies are being targeted as governments look to reconcile with a global financial crisis.

been fully made to EV technology. Questions over range anxiety and suitability for covering long distances are being met head on by investments such as Biden’s Bipartisan Investment Law which is putting $7.5 billion in 500,000 EV chargers across the US.

This level of investment will lead to further discoveries which will aid energy density, battery management, safety and cost that will lead to further adoption.

2023 is going to be a very interesting year for the global battery industry with many internationally challenging factors. Clearly the unravelling of Covid restrictions in China is going to cause a tumult internationally.

Energy Storage Journal recently wrote about the European Battery Alliance seeking €100 billion in

All of the above is clearly going to hit industry forecasting from 2019 and although there will be severe delays in automotive deliveries caused by issues across the supply chain there are still many reasons for the global battery industry, along with investors to seize a great deal of opportunity.

2022 has seen further commitment from some of the world’s biggest auto makers such as General Motors and VW fully committing to electrifying their portfolio. The commitment has

Tim Harris, CEO and managing director, Redflow

2023 will be another challenging year but this is an industry with a long vision for a proven technology that has as close to guaranteed growth as one can reasonably ask for.

Across various markets this year we will see winners from those companies fast enough to adapt quickly, or with the reserves enough to last a long cold winter.

With the industry finally able to return to in-person meetings in 2022 it will be incredibly interesting to see what comes out of exhibitions and conference across the world in 2023 with the best indications for short, medium and long term investment.