Jump to Section Rapid advancements in battery technology are poised to accelerate the pace of the global energy transition and play a major role in addressing the climate crisis. With more than $1.4 billion invested in battery technologies in the first half of 2019 alone, massive investments in battery manufacturing and steady advances in technology have set in motion a seismic shift in how we will organize energy systems as early as 2030. [...] It is clear that breakthrough battery technologies will play a central role in our energy system sooner than previously thought possible, creating diverse opportunities for value creation and capture in the transition to a clean energy economy. But capturing the vast potential requires a holistic approach from public and private sectors alike. Collaborative, systems-based strategies to developing battery-enabled markets will provide an opportunity to hasten the rapid and economic transition to [...] According to evidence detailed in RMI’s Breakthrough Batteries Report, cost and performance improvements are quickly outpacing forecasts, as increased demand for electric vehicles (EVs), grid-tied storage, and other emerging applications further fuels the cycle of investment and cost declines and sets the stage for mass adoption.