The recent Lux Research webinar “Unmet Materials Needs for Critical Technologies: Finding Opportunities in the Energy Transition” dug into Lux’s unique data and highlighted our expert analysis to uncover major opportunities, hidden gems, and potential areas to avoid for materials innovation supporting the energy transition. Lux Research Director Anthony Schiavo delved into the five priority areas of materials innovation identified by Lux’s team of analysts:
- Batteries
- Decarbonization
- Electric vehicles
- Hydrogen economy
- Wind energy
Schiavo presented the Lux Materials Opportunity Roadmap, which captures timing, risk, and market potential for various technologies pertaining to each of the five priority areas.
In 2020, a year with record low fossil fuel consumption, the world released 35 Gtonne of fossil CO2. At that rate, the world’s remaining carbon budget will last only 10 more years. The energy transition will transform the materials and chemicals manufacturing sectors as they race to decarbonize. It’s also going to be a major growth driver for those companies that can position innovative products to benefit from the transition and unlock the full potential of clean-energy technologies. Chemicals companies need to decarbonize operations and access new markets.
KEY TAKEAWAYS:
- Energy innovation timelines match materials innovation timelines.
- There are many USD 100 million and USD 1 billion opportunities, but only a handful of blockbusters.
- Chemicals companies are still on the hook to profitably decarbonize!
Join Schiavo as he lays out the roadmap for chemical companies to decarbonize operations and access new markets in the energy transition, where the competition will be fierce for the USD 100 billion in new opportunities for materials and chemicals. Register today to watch the on-demand webinar “Unmet Materials Needs for Critical Technologies: Finding Opportunities in the Energy Transition“!