Tuvalu lithium battery project bidding announcement
The BATT4EU project signals European involvement in one of the fastest-growing sectors of the power industry. According to Bloomberg, the global demand for lithium-ion batteries has soared from 0.5GWh in 2010 to 526GWh in 2020.The market value of the sector is set to leap from $36.7bn in 2019 to $129.3bn by 2027.