Energy storage technology trends 2023

This quarterly series of reports on energy storage technology trends provides a comprehensive and in-depth analysis of developments in the stationary energy storage industry. Themes include lithium-ion cell components and designs, emerging short- and medium-duration technologies, power conversion systems (PCS) and battery energy storage systems. This report is the first in the series, focusing on lithium-ion cell components and designs. It highlights key trends for recent developments, including the separation of electric vehicle and stationary energy storage lithium-ion batteries, and technology trends in battery formats and components. An executive summary of technology trends in lithium-ion cell components and designs for energy storage applications is provided for reference, reflecting market, policy, R&D and manufacturing dynamics impacting the evolution of technologies.