World Economic Forum

Global Battery Alliance

The Global Battery Alliance seeks to catalyse, connect and scale-up efforts to ensure that the battery value chain is socially responsible, environmentally and economically sustainable and innovative.

Batteries power electric vehicles, portable electronics devices and back up renewable energy in homes, businesses and national grids. They are a key enabler of global efforts to curb climate change. Market developments reflect this. By 2025, the battery market will reach $100 billion, primarily driven by the growing global stock of electric vehicles. By 2030, the global storage market is expected to double six times.

This global transition comes at enormous cost. First, the raw materials needed for batteries are extracted at a high human and environmental toll. This includes child labour, health, safety and other hazards in cobalt mining as well as pollution, water shortages and other challenges linked to the extraction of lithium, graphite, nickel and other raw materials.

Second, a recycling challenge looms as few systems are in place to enable re-use and recycling of over 11 million tonnes of the spent lithium-ion batteries forecast to be discarded by 2030. Third, significant innovation potential remains unexploited along the value chain, holding back greater supply chain transparency, business model and technological innovation for sustainable power.

The Global Battery Alliance seeks to address these challenges.

Vision

That batteries power sustainable development.

Mission

The Alliance's mission is to foster:

  • Insight - facilitate the generation, mapping, and pooling of information
  • Collaboration - promote informed dialogue and wide-ranging collaboration
  • Action - catalyse, accelerate, and scale-up action

Action

The Global Battery Alliance is made up of 30 members that seek to catalyse, connect and scale-up efforts to ensure that the battery value chain is socially responsible, environmentally and economically sustainable and innovative.

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