13 new battery cell gigafactories are expected to come online in the U.S. by 2025. The next decade will be defined by a massive increase in utility-scale storage GM, Ford, Tesla, SK Innovations and LG Energy Solutions are among the builders of new gigafactories The energy transition is driving the next commodity supercycle, with immense prospects for technology manufacturers, energy traders, and investors. Indeed, new energy research provider BloombergNEF estimates that the global transition will require ~$173 trillion in energy supply and infrastructure investment over the next three decades, with renewable energy expected to provide 85% of our energy needs by 2050. The transition from ICEs to EVs has become a focal point of the global electrification drive. In 2020, global sales of EVs increased a robust 39% year on year to 3.1 million units, an impressive feat right in the midst of a major health crisis. Bloomberg New […]