U.S. Battery Expansion Surges Ahead of Demand Curve

The United States is rapidly becoming a major international battery manufacturing power, as it works to compete with other producers, such as China. The battery manufacturing industry is forecast to grow so much in the coming years that supply may soon outstrip demand. Demand for batteries in the United States has grown significantly in recent years, with demand for energy storage expected to increase by 21 percent this year. This has been driven primarily by the increase in the deployment of renewable energy capacity across the U.S., which requires…