The Spanish newspaper "El Pais" published an article on August 25th stating that a new revolution is brewing in the global battery industry, and advanced energy storage systems will become the key to economic growth and addressing climate change. With the significant increase in demand, battery technology will play a core role in the transition to renewable energy and is expected to gradually reduce or eventually replace the use of oil, coal, and natural gas. Norwegian company Lystad Energy predicts that the battery revolution will completely change the energy landscape and enhance the effectiveness of solar photovoltaics, reshaping the global energy landscape. According to the prediction of Beisi Company, the global demand for batteries will increase to over 4100 GWh by 2030, a nearly fourfold increase. At the same time, the consumption of oil and natural gas may significantly decrease. Francisco Blanche, Global Head of Commodities and Equity Derivatives at Bank of America, stated that the impact of batteries on fossil fuels will be significant. Traditionally, people have relied on hydrocarbons as their primary source of energy. But now, clean energy can be stored in batteries, which will significantly reduce the consumption of oil and natural gas. The combination of batteries and renewable energy has become a competitive, safe, reliable, and sustainable alternative technology. According to Okhotstra, a researcher at Eindhoven University of Technology in the Netherlands, solar and wind energy alone can replace about 70% of fossil fuel power generation. If a large number of batteries are added to this binary combination, this proportion will increase to 90%. If green hydrogen and synthetic fuel are added, the substitution rate will reach 100%. In addition, batteries will also promote the electrification of road traffic. Adrian Gonzalez, an expert from the International Renewable Energy Agency, pointed out that batteries will be an indispensable energy choice for light road transportation and a feasible alternative for heavy transportation, aviation, and maritime transport. An energy storage platform located in Darjeet, California, USA. The prospect of energy storage is bright, and batteries will also play a key role in the power industry, helping to ensure power supply. Currently, the rapid expansion of wind and solar energy production capacity is reshaping the energy landscape of the European continent. Due to the surge in green electricity production, the European electricity market is experiencing an increasingly common phenomenon of "negative electricity prices", with electricity prices in several European markets, including Germany, falling below zero. In June of this year, there was a rare phenomenon in the French electricity market where the electricity price per megawatt hour dropped to -5.76 euros. That is to say, electricity does not cost money, and the power company has to pay back. The price drop has forced power companies to reconsider their sales strategies, while increasing their motivation to invest in the energy storage sector. In this situation, the prospects of the battery industry are increasingly bright. Lazard International Consulting compares battery energy storage technology with other backup technologies on the same benchmark, emphasizing the competitiveness of batteries in terms of energy and storage costs. Currently, multiple startups have entered the battery industry and successfully raised billions of dollars in funding. A study by the US Department of Energy shows that the cost of electric vehicle batteries has significantly decreased by 90% over the past 15 years, providing strong support for car manufacturers to narrow the price gap with gasoline vehicles. It is worth noting that the sharp decline in battery prices may not be just a temporary phenomenon. Lithium, as the main raw material for batteries, is currently at a three-year low in price. Sodium, as a potential substitute for lithium, has attracted much attention due to its high abundance and lower cost in the Earth's crust. Some analysts predict that the price of batteries will continue to decline rapidly in the future, which will accelerate the popularity of electric vehicles and form a virtuous cycle, where larger production brings lower costs and more technological development. This virtuous cycle will also extend to other technologies such as solid-state batteries and sodium ion batteries, indicating a brighter future for the battery industry. (New Society)