Companies across areas such as battery materials, battery management, and battery recycling are working to make energy storage more cost efficient and accessible.
As concerns around rising carbon emissions mount, countries around the world are looking to accelerate the transition to clean energy.
Critical to this transition is energy storage, which captures energy produced at a certain time and stores it for later use, providing a backup source of energy when its demand exceeds supply.
Automakers from BMW to Ford to General Motors, for example, are looking to these solutions to power electric vehicles, especially as they look for alternatives to traditional internal combustion engines (ICEs) — which largely run on gasoline and diesel fuel.
Startups are emerging to make energy storage more efficient and accessible, for automakers as well as other vehicle manufacturers and power companies. Northvolt and Svolt are looking to localize lithium-ion battery production for EVs. Meanwhile, Form Energy is developing a battery system that is designed for grid-scale energy storage.
Using CB Insights data, we identified 60+ companies looking to reshape energy storage across a number of different areas, from lithium mining to battery recycling.
This market map consists of private, active companies as well as very recent SPAC companies (highlighted in yellow) and is not intended to be exhaustive of the space. Categories are not mutually exclusive and companies are mapped according to primary use case.
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