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> I have to wonder what economic chance new battery types have given the massive investment in current tech. Current tech tends to improve at a steady pace.
by perlgeek 5y ago
> I have to wonder what economic chance new battery types have given the massive investment in current tech.
Current tech tends to improve at a steady pace.
Taking a new tech to production takes some years (somewhere in the 5 to 20 years range); processes need to refined and scaled, suppliers sourced, people trained, recycling must be addressed etc.
So new tech only stands a real chance if you can convince investors that its advantage is big enough that it still dominates when it comes to market.
Let's say current batteries improve 7% per year (number made up, but not totally unrealistic). If the new technology needs 10 years to get to market, the current technology improves by a factor of 1.07*10 = 1.97 in mean time. So a 2x advantage along any axis (density, charge cycles, price, availability of materials etc.) is not a solid bet for an investor. A 5x advantage likely is.
If course you'd want advantages on multiple axes to really make a solid bet.