Strengthening Ohio's Energy and Automotive Supply Chain

28 May 2020

As we work to restore what has been lost economically in Ohio during the pandemic, we should be looking for opportunities to leverage the state’s strengths to create jobs in a fast-emerging global industrial sector that has the potential to sustain our economy for the longer-term. There may be no industry where the opportunity is greater than  in the battery materials supply chain.

The Battery Materials Market

Spurred primarily by accelerating global demand for electric vehicle production, the annual Lithium-ion (Li-ion) battery market is already estimated at more than $35 billion with projections that it will triple over the next five years. Long-term forecasts suggest that this energy storage market will attract as much as $620 billion in investment over the next 20 years.

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