Nickel Hydride No. 5 battery

　　Where will Nickel Hydride No. 5 battery technology go? Will it really become a "stranded asset"?

　　Currently, stranded assets are often used to describe fossil fuel projects that have been rendered useless by tighter regulations. In the future, changes in energy storage devices will mean that investments in Nickel Hydride No. 5 battery technology will also lose money, even though it now appears to be at the heart of energy system reform.

　　Gradually, people also began to apply "stranded assets" to Nickel Hydride No. 5 battery technology.

　　Due to the rapid development of the industry, many of the latest Nickel Hydride No. 5 battery technologies have been abandoned before they can be launched.

　　For example, James Frith, an energy storage analyst at Bloomberg New Energy Finance, said that if you suddenly achieve a technological breakthrough and have a Nickel Hydride No. 5 battery technology that can provide higher energy density, everyone will want to adopt it as soon as possible. This means that many people will have to invest in new production equipment; in a worse case scenario, the entire factory may need to be rebuilt.

　　Investment in startups working on new batteries exceeded $1.5 billion in the first half of this year, double the amount invested in 2017, according to Cleantech Group.

　　Volkswagen, Hyundai, and the Renault-Nissan-Mitsubishi Alliance have all rushed to invest funds in Nickel Hydride No. 5 battery companies. Japan’s New Energy & Industrial Technology Development Organization (New Energy & Industrial Technology Development Organization) announced that they will spend US$90 million to work with many universities and Nickel Hydride No. 5 battery manufacturers on the research and development of solid-state Nickel Hydride No. 5 battery equipment.

　　Peter Carlsson, founder and CEO of NorthVolt AB, said that there is now a large amount of money pouring into Nickel Hydride No. 5 battery research, which will eventually trigger a technological revolution.

　　There are thousands of technologies waiting to be tested in the Nickel Hydride No. 5 battery R&D industry, including projects from many startups and universities, but not every one of them will be successful.

　　Even lithium-ion batteries, widely used in electric cars and smartphones, have different manufacturing procedures. Different lithium-ion batteries have different formulas and chemical compositions, and different chemical compositions have different variants.

　　Domestic and foreign automobile manufacturers have launched electric vehicles one after another. Due to the popularity of electric vehicles, competition in the Nickel Hydride No. 5 battery industry has become more intense. Now, Nickel Hydride No. 5 battery capacity can reach 100 million kilowatt hours. By 2030, people's demand for batteries may grow to 1.784 billion kilowatt hours.

　　According to data from Bloomberg New Energy Finance, approximately US$16.7 billion has been spent worldwide on the construction of traditional Nickel Hydride No. 5 battery factories. By 2022, investment in Nickel Hydride No. 5 battery factory equipment will also require US$42 billion.

　　The International Energy Agency (International Energy Agency) stated that within ten years, lithium-ion batteries will still be the dominant energy source for electric vehicles. After 2025, new technologies will gradually enter the market.

　　There will be two possibilities: either lithium-ion batteries will no longer be popular, or the emerging technology will fail to meet expected standards. Either outcome appears to be unprofitable for investors.

　　In addition, the process of bringing a Nickel Hydride No. 5 battery from the laboratory to the market is long and costly. Batteries in use today contain many expensive metals, such as manganese and nickel. Scientists are trying to use common substances such as sulfur and oxygen to save costs and reduce the weight of Nickel Hydride No. 5 battery packs.

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