Attracted by the promises of investment returns amidst the volatility of electricity prices, many energy companies are diving in.

The American oil giant has confirmed its ambitions in the lithium market. By 2030, the company aims to produce enough "white gold" to equip 1 million electric vehicles.

Batteries are crucial to secure clean energy transitions, driving the rapid growth of electric vehicles and power storage solutions. The IEA's latest report highlights their vital role in meeting COP28's 2030 goals, including tripling renewable energy capacity and doubling energy efficiency. It offers insights into market trends, technological advances, and key barriers, emphasizing the need for strategic focus from policymakers and industry. Learn more about the pivotal role of batteries in our energy future in the newly published IEA Special Report.