While 2022 will undoubtedly be remembered for global geopolitical and economic instability, it also represents one of the most turbulent years for the energy sector. Russia’s invasion of Ukraine in February continues to cause international disruption to energy supplies, contributing to a cost-of-living crisis in which soaring energy bills have played a direct part.
Despite being such a young industry, the energy storage market is expected to face overwhelming demand in the coming years as electric vehicles and stationary systems surge. This places considerable pressure on the industry to establish end-of-life disposal and, more importantly, recycling capabilities.
It has become increasingly clear that the issues of climate change and social inequality are inextricably linked. As the effects of climate change accelerate, it is the poorest portions of the global population that will be most keenly and catastrophically affected.