1The Battery Report 2021January 08, 2022Revision: 2022030401 2Intercalation | Volta FoundationThis report is brought to you byIntercalationintercalation.coVolta Foundationvolta.foundation 3Intercalation | Volta FoundationIn this annual report, we summarize what we consider to be the most significant developments in the battery industry in 2021. This report seeks to provide a comprehensive and accessible overview of the current state of battery research, industry, talent, and policy. We hope to catalyze in-depth conversations on the state of batteries and trajectory for the future.We consider the following key dimensions in our report: Section 1: Industry Commercial milestones in battery development and manufacturingSection 2: Research Academic breakthroughs in fundamental battery scienceSection 3: Talent Supply, demand, and insights on talent working in the fieldSection 4: Policy Government targets, incentives, regulations, and their implicationsSection 5: PredictionsTrends we believe are likely to happen in the next 12 monthsProduced by Intercalation and Volta FoundationDisclaimer: The views expressed herein are solely those of the authors, and have not been reviewed or approved by any other organization, agency, employer or company. The primary purpose of this work is to educate and inform. Data and information is from publicly available sources and often self-reported by the companies. The authors declare no conflicts of interest in producing this report. “The battery is the technology of our time.” - The Economist4Section 1Industry 5Intercalation | Volta FoundationIndustry | OverviewIndustry players are moving rapidly to pursue higher energy densities and lower costs in order to move carbon emissions to net zero. Technical directions include the development of silicon anodes and solid state battery technologies, increased adoption of LFP chemistries, the emergence of sodium ion, and the continued expansion of stationary storage.Significant trends include battery and auto manufacturers forming new joint ventures, large quantities of climate venture capital, SPAC exits for early-stage battery startups, and OEMs investing in the future of electric vehicles.Notable EventsIndustryKey TrendsIndustry MovementInnovatorsInvestmentManufacturingSupply Chain InsightsSustainabilityMedia 6Intercalation | Volta FoundationNotable Events | Q1 2021JanMarFebGM declares only zero emission vehicles by 2035Enevate raises $81M for Series E silicon anode battery technologyVolvo to go all electric by 2030EU to invest €3.5B through state aid to Tesla, BMW, and other OEMsSila Nano raises $590M to fund battery materials factory EV battery maker Microvast to go public via SPACFord announces commitment of $29B by 2025 to electric and self-driving carsAmple opens 5 battery swapping stations for Uber drivers in the Bay AreaNorthvolt acquires Li metal battery Stanford-spinout Cuberg Selected news pieces...
