XL Batteries CEO sees opportunity to topple China’s lithium battery dominance

XL Batteries CEO sees opportunity to topple China’s lithium battery dominance

XL Batteries CEO Tom Sisto hopes that organic flow batteries can offer a utility-scale alternative to lithium-ion, for which China has “90% control over the entirety of the supply chain.”

Queensland urged to go with the flow in Energy Roadmap

The Advanced Materials and Battery Council is calling for flow batteries to be included in Queensland’s long-duration storage mix, alongside pumped hydro, under the state’s new Energy Roadmap. AMBC chief executive officer Quentin Hill said vanadium flow battery technology was proven, the local supply chain was growing, and the economic opportunity was enormous.“Flow batteries can […] Thank-you for your interest in iQ Industry Queensland…

Last year marked a turning point for global markets for batteries, electric vehicles (VE), energy storage and recycling. China clearly positioned itself at the forefront in these sectors, despite facing economic and geopolitical obstacles. This momentum will continue in 2025, driven by supportive policies, continuous technological advances and growing consumer demand, according to Rystad Energy’s latest report on the global battery market.