At this year’s Cathodes conference, the Investing News Network had the chance to catch up with Brett Simon, an analyst at GTM Research. He shared his thoughts on lithium-ion batteries and the energy storage space in the US.
As demand for electric cars increases, the need for lithium-ion batteries is also expected to rise exponentially. And while many wonder if lithium-ion technology will ever be replaced, Simon believes that this type of battery will continue to lead the market.
“Lithium ion has dominated the stationary energy storage market since late 2014, and at GTM Research we forecast this continuing over the next five years,” he said. He sees battery costs continuing to decline in the next few years, but believes they will not “fall as rapidly as we have seen so far.”
Watch the video above to hear more about Simon’s thoughts on the energy storage market and the future of lithium-ion batteries.
Don’t forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.