Energy storage demand will be driven by EV growth – FMC Corp

By Siobhan Lismore-Scott, Adam Page
Published: Tuesday, 10 February 2015

FMC is one of three global leaders in the lithium market and so any forecasts it makes regarding future demand in this space hold a lot of weight. Interestingly, although the producer believes that energy grid storage demand will grow, it is more cautious in its estimates and is instead looking at the electric vehicle market as being the real demand driver to 2020.

EV_Genovation_Flickr 
FMC expects EVs to be a bigger market driver than energy storage
Source: Genovation

FMC Lithium told IM that it believed the energy storage market would comprise 60% of lithium carbonate equivalent (LCE) demand by 2020, from around 40% in 2015.

"The energy storage market is becoming increasingly attractive as electric...

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