Each year, the editorial team at MIT Technology Review puts together a list of 35 innovators under 35—a group of researchers, inventors, and other young minds worth following.

The team worked on the newest edition of the list for months, and the final slate includes nine individuals from all over the world in the climate and energy category. Each one has a fascinating story and is tackling an important challenge.

I think it’s worth zooming out and considering the energy and climate awardees as a group. Taken together, these innovators and their work can tell us something about where climate tech is at this moment—and where it’s heading.

AI is the dominant technology story, both for its potential and its challenges.

We split the innovators into four main categories this year: biotech, climate and energy, computing and robotics, and AI. It probably won’t surprise you that AI features heavily in the work of many innovators in other categories.

Climate innovator Jae-Won Chung, for example, built software to make AI more energy-efficient. By measuring the energy demands of open-source models, he hopes the industry can better understand and address the impact of AI. (If this work sounds familiar, it’s because we spoke with him last year for our investigation into AI’s energy demands.)

But AI also has the potential to improve many areas of research. Jing Wei is using AI to track pollution more effectively, essentially using machine learning to fill in gaps in data from disparate sources like satellites and weather stations. Zhonghua Zheng developed AI climate models that work better for cities, a well-known blind spot for traditional models.

We need better ways to get the critical materials used to build new technologies.

As we begin to rely on new technologies to power our world, we’ll see a major shift in the materials we need to build them.

Lithium is a prime example: The metal underpins lithium-ion batteries, which are crucial not only for electric vehicles, but also for large-scale energy storage on the grid. We could face lithium shortages as soon as this decade, and the prospect of supply crunches applies to other critical minerals, too—copper is another one to watch closely.

Brine is currently the cheapest source of lithium, but the process to get the metal out can take months and harm the local environment. Mohammad Alkhadra is the cofounder and CEO of Lithios, a startup working to quickly and efficiently extract lithium from brines.

Hardrock ore is the most common source of lithium, but it’s more expensive than brine. Benjamin Mowbray cofounded and serves as CTO for Rock Zero, which is working to extract lithium from hardrock ore.

Addressing climate change will require overhauling all corners of our society, sometimes in surprising ways.

To reach net-zero greenhouse gas emissions we will obviously need to rethink major sectors, like the electrical grid and transportation, to move away from fossil fuels. But outside these primary sources of climate pollution are seemingly infinite, less obvious problems to figure out, too.

Heavy industry, including steel production, is a major one, making up about 7% of global greenhouse gas emissions. Laureen Meroueh is making cleaner, cheaper steel using a new kind of furnace that simplifies the chemical process required to produce the metal.

Plastics are generally made with fossil fuels, so we’ll need alternatives to this incredibly useful category of materials. Joseph Nguthiru is making a bioplastic replacement for fossil-derived packaging that uses an invasive weed. Also using available materials in a creative way, Diana Orembe is making fish food for aquaculture with food waste.

And refrigerants are often incredibly powerful greenhouse gases. Jinyoung Seo is developing solid refrigerants that could eliminate worries about leakage. A device using these materials could reduce energy consumption by 20% compared to conventional technology.

I’m constantly learning about new challenges we face in the climate and energy world, and I’m often surprised by the ideas people are coming up with to address them. For more on all the under-35 innovators and their work, check out our full 2026 list.  

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The US is hitting records for the rapid growth of its energy storage market. That’ll go a long way to shoring up the grid, increasing reliability and also cutting emissions, since batteries can help store energy from intermittent renewables like wind and solar.

Crucially, this is all happening with the help of cheap Chinese batteries, though there’s been a concerted effort to reduce the US’s reliance on them. Most recently, in an executive order in late August, the Trump administration declared a national emergency that essentially bans Chinese batteries from being used in grid-scale energy storage systems.

There’s an argument to be made about reducing reliance on any single source of a crucial energy technology. But all this tension raises a broader question for me: How much should countries take advantage of cheap, available tech, versus cutting off major sources to force development of their own factories even if that comes at a higher cost?

This is hardly America’s first push to move away from Chinese influence in the battery supply chain. One of the major policy tools used in recent years is restricting the tax credits designed to incentivize use of the new technologies. Limiting the types of projects that are eligible can help reduce the cost of local technologies so they’re more competitive with otherwise cheaper imported options.

Back in 2022, the US government designed the tax credits that were part of the Inflation Reduction Act to restrict where a battery’s minerals could be mined, processed, or recycled, as well as where a battery and its components were assembled.

Those tax credits underwent a makeover in 2025, but the Trump administration has taken a similar tack. New legislation requires that starting in 2026, 55% of the cost of materials used for new energy storage projects must come from outside China and other restricted countries or the projects won’t qualify for tax credits. 

And we can’t forget about tariffs. Import taxes for batteries increased to 25% in January, up from 7.5%.

But the new executive order is a more drastic move. It bans the installation of “any foreign-produced bulk-power system electric equipment” that poses a national security risk. The order specifically calls out battery energy storage systems, as well as inverters and transformers.

“An outright ban was a bit of a surprise, and it does create a bit of concern for domestic players in the US,” says Shan Tomouk, energy storage and energy lead for Benchmark Mineral Intelligence, an energy industry analyst.

The move is likely to slow deployment of grid-connected energy storage projects in the near term, according to analysis from BloombergNEF, an energy consultancy. Projects could face delays as developers wait for clarity on the rules.

Depending on the detailed guidance from the Department of Energy, which is expected by the end of the year, some projects may need to find alternative sources for their cells, whether they’re domestically produced or imported from other countries. These will likely be more expensive than Chinese imports, says Isshu Kikuma, an energy storage analyst at BloombergNEF. “Worst case, those projects could get canceled,” he says.

Technically, the order applies even to existing energy storage plants, though it’s unlikely that they’ll be taken offline because of their batteries’ origin. Since most of these plants currently use Chinese batteries, enforcing the order to the letter would essentially mean removing most installed battery energy storage from the US grid, Kikuma says.

In the longer term, the US will eventually be able to meet its own demand for batteries. The country could have enough capacity by about 2030, though some factories may not ramp up or run at their full capability, meaning domestic supply won’t actually meet demand until later in the 2030s. 

New factories from LG Energy Solutions, Samsung SDI, Ford, and SK On are set to come online or ramp up by next year. In an ironic twist, a slowing EV market is helping, as some factories originally designed for vehicle batteries are retooling to build cells for grid storage instead. 

But it will come at a cost. Today, batteries produced in the US are still significantly more expensive than those made in China. Even switching to imports from other countries like South Korea would likely be more expensive.

This is a crucial issue that goes beyond the US and even beyond batteries. China is miles ahead of much of the rest of the world on technologies like solar panels and batteries. Through years of government support and experience with research and manufacturing, the nation is an energy powerhouse.

There’s a delicate political balance to maintain as the world figures out how to navigate this situation. There’s cheap technology on offer, which can help drastically reduce emissions and energy costs. But there can be risks associated with relying too much on any one player for crucial technologies.

This article is from The Spark, MIT Technology Review’s weekly climate newsletter. To receive it in your inbox every Wednesday, sign up here. 

Battery installations hit a new record in the US in the second quarter of 2026. In total, 20.2 gigawatt-hours of new capacity came online, according to a new report. That’s enough to supply the daily electricity needs of about 700,000 homes.

The surge is putting the country on a trajectory to see 71 gigawatt-hours of batteries installed in 2026, a 20% increase over last year. This growth is being driven by a combination of cheaper batteries and an urgent need for more energy storage capacity as renewables such as solar and onshore wind power are added to the grid. 

Massive, utility-scale systems are leading the way; they’re responsible for most of the record-setting quarter. Seven new gigascale battery installations (those with a capacity of over one gigawatt-hour) came online during the three-month stretch, according to the report, published by Benchmark Mineral Intelligence and the Solar Energy Industries Association.

“It really came down to a handful of big projects,” says Shan Tomouk, energy storage and energy lead for Benchmark Mineral Intelligence.

But there was also growth in the category of so-called behind-the-meter batteries, which include both residential and industrial battery storage systems. These projects, generally smaller than utility-scale installations, are typically owned and operated by homeowners or businesses rather than utilities or power providers. 

In the behind-the-meter category, data centers led the way, making up about three-quarters of new batteries in the commercial sector. But residential batteries saw a sharp slowdown. These systems are often installed in homes to store power from solar panels or serve as a backup source in case of a blackout. Home installations are projected to drop by 16% in 2026 compared with last year, according to the report.

That drop happened largely because a tax credit that helped subsidize home battery systems ended in 2025, Tomouk says. Home installations should recover by the end of the decade, he adds. And tax credits for nonresidential batteries have largely survived.

Overall, batteries are a bright spot in energy right now. “This is one of the strong sectors in the US,” says Isshu Kikuma, an energy storage analyst at BloombergNEF, an energy consultancy.

As the battery market continues to grow, one major trend to keep an eye on is a move toward US-made technology. Today, nearly all the systems coming online use cells made in China, though some are put together into complete energy storage systems in the US.

Tariffs were already pushing the US energy storage industry toward domestic production. And beginning this year, energy storage tax credits required projects to limit their reliance on batteries imported from China. There’s a lot of manufacturing capacity set to come online in the US, though these factories probably won’t be able to meet demand until at least 2030 or so, Tomouk says, so prices could tick up.

When I started digging into desalination technology for a new story, I couldn’t help but obsess over the numbers.

I’d known on some level that desalination—pulling salt out of seawater to produce fresh water—was an increasingly important technology, especially in water-stressed regions including the Middle East. But just how much some countries rely on desalination, and how big a business it is, still surprised me.

For more on how this crucial water infrastructure is increasingly vulnerable during the war in Iran, check out my latest story. Here, though, let’s look at the state of desalination technology, by the numbers.

Desalination produces 77% of all fresh water and 99% of drinking water in Qatar.

Globally, we rely on desalination for just 1% of fresh-water withdrawals. But for some countries in the Middle East, and particularly for the Gulf Cooperation Council countries (Bahrain, Qatar, Kuwait, the United Arab Emirates, Saudi Arabia, and Oman), it’s crucial.

Qatar, home to over 3 million people, is one of the most staggering examples, with nearly all its drinking water supplies coming from desalination. But many major cities in the region couldn’t exist without the technology. There are no permanent rivers on the Arabian Peninsula, and supplies of fresh water are incredibly limited, so countries rely on facilities that can take in seawater and pull out the salt and other impurities.

The Middle East is home to just 6% of the world’s population and over 27% of its desalination facilities.

The region has historically been water-scarce, and that trend is only continuing as climate change pushes temperatures higher and changes rainfall patterns.

Of the 17,910 desalination facilities that are operational globally, 4,897 are located in the Middle East, according to a 2026 study in npj Clean Water. The technology supplies not only municipal water used by homes and businesses, but also industries including agriculture, manufacturing, and increasingly data centers.

One massive desalination plant in Saudi Arabia produces over 1 million cubic meters of fresh water per day.

The Ras Al-Khair water and power plant in Eastern Province, Saudi Arabia, is one of a growing number of gigantic plants that output upwards of a million cubic meters of water each day. That amount of water can meet the needs of millions of people in Riyadh City. Producing it takes a lot of power—the attached power plant has a capacity of 2.4 gigawatts.

While this plant is just one of thousands across the region, it’s an example of a growing trend: The average size of a desalination plant is about 10 times what it was 15 years ago, according to data from the International Energy Agency. Communities are increasingly turning to larger plants, which can produce water more efficiently than smaller ones.

Between 2024 and 2028, the Middle East’s desalination capacity could grow by over 40%.

Desalination is only going to be more crucial for life in the Middle East. The region is expected to spend over $25 billion on capital expenses for desalination facilities between 2024 and 2028, according to the 2026 npj Clean Water study. More massive plants are expected to come online in Saudi Arabia, Iraq, and Egypt during that time.

All this growth could consume a lot of electricity. Between growth of the technology generally and the move toward plants that use electricity rather than fossil fuels, desalination could add 190 terawatt-hours of electricity demand globally by 2035, according to IEA data. That’s the equivalent of about 60 million households.

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MIT Technology Review Explains: Let our writers untangle the complex, messy world of technology to help you understand what’s coming next. You can read more from the series here.

As the conflict in Iran has escalated, a crucial resource is under fire: the desalination technology that supplies water across much of the region.

In early March, Iran’s foreign minister accused the US of attacking a desalination plant on Qeshm Island in the Strait of Hormuz and disrupting the water supply to nearly 30 villages. (The US denied responsibility.) In the weeks since, both Bahrain and Kuwait have reported damage to desalination plants and blamed Iran, though Iran also denied responsibility.

In late March, President Donald Trump threatened the destruction of “possibly all desalinization plants” in Iran if the Strait of Hormuz was not reopened. Since then, he’s escalated his threats against Iran, warning of plans to attack other crucial civilian infrastructure like power plants and bridges.

Countries in the Middle East, particularly the Gulf states, rely on the technology to turn salt water into fresh water for farming, industry, and—crucially—drinking. The mounting attacks and threats to date highlight just how vital the industry is to the region—a situation made even more precarious by rising temperatures and extreme weather driven by climate change.

Right now, 83% of the Middle East is under extremely high water stress, says Liz Saccoccia, a water security associate at the World Resources Institute. Future projections suggest that’s going to increase to about 100% by 2050, she adds: “This is a continuing trend, and it’s getting worse, not better.”

Here’s a look at desalination technology in the Middle East and what wartime threats to the critical infrastructure could mean for people in the region. 

A vital resource

Desalination technology has helped provide water supplies in the Middle East since the early 20th century and became widespread in the 1960s and 1970s.

There are two major categories of desalination plants. Thermal plants use heat to evaporate water, leaving salt and other impurities behind. The vapor can then be condensed into usable fresh water. The alternative is membrane-based technology like reverse osmosis, which pushes water through membranes that have tiny pores—so small that salt can’t get through.

Early desalination plants in the Middle East were the first type, burning fossil fuels to evaporate water, leaving the salt behind. This technique is incredibly energy-intensive, and over time, processes that rely on filters became the dominant choice.

Membrane technologies have made up essentially all new desalination capacity in recent years; the last major thermal plant built in the Gulf came online in 2018. Many reverse osmosis plants still rely on fossil fuels, but they’re more efficient. Since then, membrane technologies have added more than 15 million cubic meters of daily capacity—enough to supply water to millions of people.

Capacity has expanded quickly in recent years; between 2006 and 2024, countries across the Middle East collectively spent over $50 billion building and upgrading desalination facilities, and nearly that much operating them.

Today, there are nearly 5,000 desalination plants operational across the Middle East.

And looking ahead, growth is continuing. Between 2024 and 2028, daily capacity is expected to grow from about 29 million cubic meters to 41 million cubic meters.

Uneven vulnerabilities

Some countries rely on the technology more than others. Iran, for example, uses desalination for about 3% of its municipal fresh water. The country has access to groundwater and some surface water, including rivers, though these resources are being stretched thin by agriculture and extreme drought.

Other nations in the region, particularly the Gulf countries (Bahrain, Qatar, Kuwait, the United Arab Emirates, Saudi Arabia, and Oman), have much more limited water resources and rely heavily on desalination. Across these six nations, all but the UAE get more than half their drinking water from desalination, and for Bahrain, Qatar, and Kuwait the figure is more than 90%.

“The Gulf countries are much, much more vulnerable to attacks on their desalination plants than Iran is,” says David Michel, a senior associate in the global food and water security program at the Center for Strategic and International Studies.

There are thousands of desalination facilities across the region, so the system wouldn’t collapse if a small number were taken offline, Michel says. However, in recent years there’s been a trend toward larger, more centralized plants.

The average desalination plant is about 10 times larger than it was 15 years ago, according to data from the International Energy Agency. The largest desalination plants today can produce 1 million cubic meters of water daily, enough for hundreds of thousands of people. Taking one or more of these massive facilities offline could have a significant effect on the system, Michel says.

Escalating threats

Desalination facilities are quite linear, meaning there are multiple steps and pieces of equipment that work in sequence—and the failure of a component in that chain can take an entire facility down. Attacks on water inlets, transportation networks, and power supplies can also disrupt the system, Michel says. 

During the Gulf War in 1991, Iraqi forces pumped oil into the gulf, contaminating the water and shutting down desalination plants in Kuwait. 

The facilities are also generally located close to other targets in this conflict. Desalination is incredibly energy intensive, so about three-quarters of facilities in the region are next to power plants. Trump has repeatedly threatened power plants in Iran. In response, Iran’s military has said that if civilian targets are hit, the country will respond with strikes that are “much more devastating and widespread.” Other governments and organizations, including the United Nations, the European Union, and the Red Cross, have broadly condemned threats to infrastructure as illegal. 

But war isn’t the only danger facing these plants, even if it is the most immediate. Some studies have suggested that global warming could strengthen cyclones in the region, and these extreme weather events could force shutdowns or damage equipment.

Water pollution could also cause shutdowns. Oil spills, whether accidental or intentional, as in the case of the Gulf War, can  wreak havoc. And in 2009, a red algae bloom closed desalination plants in Oman and the United Arab Emirates for weeks. The algae fouled membranes and blocked the plants from being able to take water in from the Persian Gulf and the Gulf of Oman.

Desalination facilities could become more resilient to threats in the future, and they may need to as their importance continues to grow. 

There’s increasing interest in running desalination facilities at least partially on solar power, which could help reduce dependence on the oil that powers most facilities today. The Hassyan seawater desalination project in the UAE, currently under construction, would be the largest reverse osmosis plant in the world to operate solely with renewable energy. 

Another way to increase resilience is for countries to build up more strategic water storage to meet demand. Qatar recently issued new policies that aim to improve management and storage of desalinated water, for example. Countries could also work together to invest in shared infrastructure and policies that help strengthen the water supply through the region. 

Preparedness, resilience, and cooperation will be key for the Middle East broadly as critical infrastructure, including the water supply, is increasingly under threat. 

“The longer the conflict goes on, the more likely we’ll see significant water infrastructure damage,” says Ginger Matchett, an assistant director at the Atlantic Council. “What worries me is that after this war ends, some of the lessons will show how water can be weaponized more strategically than previously imagined.” 

As the war in Iran continues to engulf the Middle East and the Strait of Hormuz stays closed, one of the most visible global economic ripple effects has been fossil-fuel prices. In particular, you can’t get away from news about the price of gasoline, which just topped an average of $4 a gallon in the US, its highest level since 2022.

But looking ahead, further consequences for the global economy could be looming in plastics. Plastics are made using petrochemicals, and the supply chain impacts of the oil bottleneck near Iran are starting to build up. 

Plastic production accounts for roughly 5% of global carbon dioxide emissions today. And our current moment shows just how embedded oil and gas products are in our lives. It goes far beyond their use for energy. 

As I write this, I’m wearing clothes that contain plastic fibers, typing on a plastic keyboard, and looking through the plastic lenses of my glasses. It’s hard to imagine what our world looks like without plastic. And in some ways, moving away from fossil-derived plastic could prove even more complicated than decarbonizing our energy system. 

Crude oil prices have been on a roller-coaster in recent weeks, and prices have recently topped $100 a barrel.

Crude oil contains a huge range of hydrocarbons, and it’s typically refined by putting it through a distillation unit that separates the raw material into different fractions according to their boiling point. Those fractions then go on to be further processed into everything from jet fuel to asphalt binder. We’ve already seen the price spikes for some materials pulled out of crude oil, like gasoline and jet fuel.

Let’s zoom in on another component, naphtha. It can be added to gasoline and jet fuel to improve performance. It can also be used as a solvent or as a raw material to make plastics.

The Middle East currently accounts for about 20% of global naphtha production­ and supplies about 40% of the market in Asia, where prices are already up by 50% over the last month.

We’re starting to see these effects trickle down already. The price of polypropylene (which is made from naphtha and used for food containers, bottle caps, and even automotive parts) is climbing, especially in Asia.  

Typically, manufacturers have a bit of stock built up, but that’ll be exhausted soon, likely in the coming weeks. The largest supplier of water bottles in India recently announced that it would raise prices by 11% after its packaging costs went up by over 70%, according to reporting from Reuters. Toys could be more expensive this holiday season as manufacturers grapple with supply chain concerns.

Americans will likely feel these ripples especially hard if disruptions continue. The average US resident used over 250 kilograms of new plastics in 2019, according to a 2022 report from the Organization for Economic Cooperation and Development. That’s an absolutely massive number—the global average is just 60 kilograms.

The effects of higher prices for both fuels and feedstocks could compound and multiply, and alternatives aren’t widely available. Bio-based plastics made with materials like plant sugars exist, but they still make up a vanishingly tiny portion of the market. As of 2025, global plastics production totaled over 431 million metric tons per year. Bio-based and bio-degradable plastics made up about 0.5% of that, a share that could reach 1% by 2030.

Bio-based plastics are much more expensive than their fossil-derived counterparts. And many are made using agricultural raw materials, so scaling them up too much could be harmful for the environment and might compete with other industries like food production.

Recycling isn’t the easy answer either. Mechanical recycling is the current standard method used for materials like the plastics that make up water bottles and disposable coffee cups. But that degrades the materials over time, so they can’t be used infinitely. Chemical recycling has its own host of issues—the facilities that do it can be highly polluting, and today plastics that go into advanced recycling plants largely don’t actually go into new plastics.

There’s been a lot of talk in recent weeks about how this energy crisis is going to push the world more toward renewable energy. Solar panels, electric vehicles, and batteries could suddenly become more attractive as we face the drastic consequences of a disruption in the global fossil-fuel supply.

But when it comes to plastic, the future looks far more complicated. Even though the plastics industry is facing much the same disruptions as the energy sector, there aren’t the same obvious alternatives available for a transition. Our lives are tied up in plastic, with uses ranging from the essential (like medical equipment) to the mundane (my to-go coffee cup). Soon, our economy could feel the effects of just how much we rely on fossil-derived plastics, and how hard it’s going to be to replace them. 

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Qichao Hu doesn’t mince words about how he sees the state of the battery industry. “Almost every Western battery company has either died or is going to die. It’s kind of the reality,” he says.

Hu is the CEO of SES AI, a Massachusetts-based battery company. It once had aims of making huge amounts of advanced lithium metal batteries for major industries like electric vehicles—but now the company is placing its bets on AI materials discovery.

Hu sees the pivot as an essential one. “It’s just not possible for a Western company to build a sustainable business,” he says. The company is still making some batteries, but only for smaller markets like drones rather than those that would require higher volumes, like EVs. The new focus is the company’s battery materials discovery platform—which it can either license to other battery companies or use to develop materials to sell. 

Some leading US EV battery companies have folded in recent months, and others, like SES AI, are making dramatic changes in strategy. This shift in who’s building batteries and where they’re doing it could shape the future geopolitics of energy. 

The work that would eventually evolve into SES AI began at MIT, where Hu completed his graduate research. His battery work was aimed at applications in oil and gas exploration. The industry uses sensors that go deep underground, where temperatures can top 120 °C (about 250 °F). The team hoped to develop a battery that could withstand those high temperatures and last longer on a single charge. 

The chosen technology was a solid polymer lithium metal battery. These cells use lithium metal for their anode and a polymer for their electrolyte (the material that ions move through in a battery cell). Together, these components can increase the energy density of a cell significantly, relative to the lithium-ion batteries that are common in personal devices and EVs today. (Lithium-ion batteries generally use a graphite material for their anode and a liquid for the electrolyte.)

That solid-state battery technology became the foundation of Solid Energy, a startup Hu founded that spun out from MIT in 2012 and raised its first private investment in 2013.

The team eventually realized that underground oil exploration was a small market, so after several years of operation they began to focus on electric vehicles, which were starting to come into the mainstream. After the team tweaked the chemistry to work better at lower temperatures, the company built its first pilot facility in Massachusetts and eventually another facility in Shanghai.

By 2021, the battery industry was booming, Hu recalls, and EVs were the hottest industry to be in. There was a ton of interest in next-generation battery technology from major automakers at the time, and Solid Energy started developing technology with GM, Hyundai, and Honda.

Larger vehicles, like SUVs and trucks, seemed like a good fit for next-generation batteries, Hu says. Massive vehicles like the ones Americans like to drive would need lighter batteries so they could have a reasonable range without being prohibitively heavy.

The company also shifted its chemistry focus, and in 2022 it announced a battery with a silicon anode rather than a lithium metal one. That shift could help make the battery easier to manufacture.

Since then, growth in the EV market has slowed, at least in the US, partly because of major pullbacks in funding from the Trump administration. EV tax credits for drivers, a key piece of support pushing Americans toward electric options, ended in late 2025. With the market for large electric cars in trouble, Hu says, “now we have to look at every market.”  

The AI materials discovery platform on which it’s pinning many of its hopes is called Molecular Universe. The company seeks not only to provide its software to other battery companies but also to identify new battery materials and either license them or sell them to those companies.

The platform has already identified six new electrolyte materials, according to the company. Hu says one is an additive that could help improve the lifetime of batteries with silicon anodes. 

One of the challenges with silicon anodes is that they tend to swell a lot during use, which can cause physical damage and prevent efficient charging and discharging. To address the problem, the industry typically uses a material called fluoroethylene carbonate (FEC), which can help form an elastic film on the anode so the battery can still charge effectively. That additive can degrade at high temperatures, though, producing gases that can harm a battery’s lifetime. The SES platform identified a compound that works like FEC but doesn’t release those gases.

The company’s long history and deep battery knowledge could help make its platform a useful tool, Hu says. He sees the actual model as less crucial than SES’s domain expertise and data from years of making and testing batteries. 

“By not actually making the physical battery, we’re actually able to scale and then generate revenue faster,” he says. 

But some experts are skeptical about the near-term prospects for AI materials discovery to revive the industry. “New materials development, as much as we thought that was what people wanted (and, frankly, it should be what the cell makers want)—I don’t know that that seems to be the real linchpin of the battery industry’s progress,” says Kara Rodby, a technical principal at Volta Energy Technologies, a venture capital firm that focuses on the energy storage industry.

Investors are pulling back, and a slowdown in public support is making things difficult for some parts of the battery industry, she adds: “I don’t know that the ability to discover any new material is going to unlock anything new for the battery industry at this point in time.”

Just a few years ago, the battery industry was hot, hot, hot. There was a seemingly infinite number of companies popping up, with shiny new chemistries and massive fundraising rounds. My biggest problem was sifting through the pile to pick the most exciting news to cover.

That tide has turned, and in 2026, what seems to be in unlimited supply isn’t battery success stories but stumbles or straight-up implosions. Companies are failing, investors are pulling back, and batteries, especially for EVs, aren’t looking so hot anymore. On Monday, Steve Levine at The Information (paywalled link) reported that 24M Technologies, a battery company founded in 2010, was shutting down and would auction off its property.

The company itself has been silent, but this is the latest in a string of bad signs, and it’s a big one—at one point 24M was worth over $1 billion, and the company’s innovations could have worked with existing technology. So where does that leave the battery industry?

Many buzzy battery startups in recent years have been trying to sell some new, innovative chemistry to compete with lithium-ion batteries, the status quo that powers phones, laptops, electric vehicles, and even grid storage arrays today. Think sodium-ion batteries and solid-state cells.

24M wasn’t trying to sell a departure from lithium-ion but improvements that could work with the tech. One of the company’s major innovations was its manufacturing process, which involved essentially smearing materials onto sheets of metal to form the electrodes, a simpler and potentially cheaper technique than the standard one. 

The layers in the company’s batteries were thicker, which cut down on some of the inactive materials in cells and improved the energy density. That allows more energy to be stored in a smaller package, boosting the range of EVs—the company famously had a goal of a 1,000-mile battery (about 1,600 kilometers).

We’re still thin on details of what exactly went down at 24M and what comes next for its tech. The company didn’t get back to my questions sent to the official press email, and nobody picked up the phone when I called. 24M cofounder and MIT professor Yet-Ming Chiang declined to speak on the record.

For those who have been closely following the battery industry, more bad news isn’t too surprising. It feels as if everyone is short on money these days, and as purse strings tighten, there’s less interest in novel ideas. “It just feels like there’s not a lot of appetite for innovation,” says Kara Rodby, a technical principal at Volta Energy Technologies, a venture capital firm that focuses on the energy storage industry.

Natron Energy, one of the leading sodium-ion startups in the US, shut down operations in September last year. Ample, an EV battery-swapping company, filed for bankruptcy in December 2025.  

There were always going to be failures from the recent battery boom. Money was flowing to all sorts of companies, some pitching truly wild ideas. But what recent months have made clear is that the battery market is turning brutal, even for the relatively safe bets.

Because 24M’s technology was designed to work into existing lithium-ion chemistry, it could have been an attractive candidate for existing battery companies to license or even acquire. “It’s a great example of something that should have been easier,” Rodby says.  

The gutting of major components of the Inflation Reduction Act, key legislation in the US that provided funding and incentives for batteries and EVs, certainly hasn’t helped. The EV market in the US is cooling off, with automakers canceling EV models and slashing factory plans.

There are bright spots. China’s battery industry is thriving, and its battery and EV giants are looking ever more dominant. The market for stationary energy storage is also still seeing positive signs of growth, even in the US. 

But overall, it’s not looking great. 

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