Marine News – Batteries: Ready to Scale Up

In an interview Wrightsman commented that maritime battery applications, indeed, have reached an off-the-shelf status, but he still characterized the U.S. market as “pilot scale”, at least compared to European and Asian markets. Wrightsman said that the battery supply chain presents challenges. Lithium costs have increased, and future demand will add pricing pressures. Raw materials are available today, but he expects supply risks by 2030. “If you don’t change anything,” he noted, with particular reference to the U.S. regulatory process, “we run risks of shortages. We need domestic production.”