New Energy Storage Battery Foreign Trade

How did battery imports perform in 2022?

Lithium-ion battery imports climbed to a record 637,396 tonnes in 2022, jumping 99% from 2021, according to data from Panjiva. That marked the third consecutive year in which U.S. battery imports roughly doubled. The fourth quarter of 2022 also saw the 10th consecutive quarterly increase, with 190,219 tonnes of imported batteries.

How many MW of battery-based energy storage will Taiwan have by 2025?

Taiwan aims to accumulate a total of 590 MW of battery-based energy storage by 2025, with a target of 160 MW managed and procured by state-owned Taiwan Power Company (TPC), and 430MW to be developed via private-sector, independently operated storage facilities.

Should the United States explore a'siting battery manufacturing capability'?

Finally, the United States and its treaty allies—Japan, South Korea, and the Philippines—should explore siting battery manufacturing capabilities in areas relevant for contingences involving Taiwan and the South China Sea.

Is battery energy storage a new phenomenon?

Against the backdrop of swift and significant cost reductions, the use of battery energy storage in power systems is increasing. Not that energy storage is a new phenomenon: pumped hydro-storage has seen widespread deployment for decades. There is, however, no doubt we are entering a new phase full of potential and opportunities.

How much Li-ion battery does the US import from China?

According to the US Census Bureau, in 2023, the United States directly imported $13.1 billion in lithium-ion batteries from China, accounting for 70 percent all US li-ion battery imports in 2023, as measured in value. US li-ion imports are split between storage and batteries for electric vehicles.

Are China's battery exports a threat to US security?

A look at China’s battery exports, and its associated battery complex, reveals both opportunities and risks for US and allied comprehensive security interests. Sign up for PowerPlay, the Atlantic Council’s bimonthly newsletter keeping you up to date on all facets of the energy transition.