The relationship between the energy storage industry and cobalt

Is cobalt a key component of the energy transition?

As a key component in the cathodes of lithium-ion batteries and nickel metal hydride batteries used in electric or hybrid vehicles, cobalt is expected to face a dynamic demand in the coming decades. Numerous questions are arising regarding the criticality risks of this key metal of the energy transition.

Will cobalt-free energy storage become more sustainable?

Advancements in battery technology may eventually lead to cobalt-free solutions, but for now, cobalt remains a cornerstone of energy storage. Additionally, as recycling technologies improve, the reliance on freshly mined cobalt may decrease, ensuring a more sustainable supply chain.

How important is cobalt in energy storage?

While efforts are underway to reduce cobalt usage, its unique properties make it likely to remain significant in energy storage for the foreseeable future. Cobalt plays a vital role in energy storage, enhancing battery performance, stability, and lifespan for devices and renewable energy systems.

Should governments invest in cobalt batteries?

The governments should fund the innovation pilot projects, tax credits, and public-private partnerships that help provide batteries that utilize less Cobalt because batteries are essential for EVs, Wind turbines, and solar energy storage. Second, the governments should invest in Cobalt recycling projects for renewable energy generation.

Will cobalt be decarbonized in the transport sector?

Within the context of the energy transition, decarbonization of the transport sector is the cornerstone of many public policies. As a key component in the cathodes of lithium-ion batteries and nickel metal hydride batteries used in electric or hybrid vehicles, cobalt is expected to face a dynamic demand in the coming decades.

Can cobalt supply satisfy world demand?

As cobalt is a key element in many other fields (aerospace, defense, energy, telecommunications) (Fortier et al., 2018), the question arises as to whether the supply of cobalt can satisfy world demand in all sectors in the medium or long term. The issue of cobalt supply security is not new, however.