
As the Arctic warms twice as fast as the rest of the planet, the range and distribution of at least some fish stocks found in places like the Bering Sea will likely extend northward. That could bring some big changes to the region. More than 60 percent of all seafood caught in the United States comes from the waters off Alaska and generates billions of dollars in revenue each year.
As previously ice-covered areas of the Arctic become seasonally ice-free, there will be pressure to expand US fishing north of the Bering Strait. That can’t happen under the Arctic Management Plan, established in 2009, which prohibits commercial fishing until scientists and fisheries managers understand what’s going on with the ecosystem.
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If electronics are the underpinning of our modern economy, then batteries are what make the world go round. And since its commercial introduction in 1995, the lithium-ion (li-ion) battery has been king.
Over the past 30 years, a three-fold improvement in energy density has driven li-ion batteries far down the cost curve, from more than $3,000/kWh to approximately $150/kWh today, making li-ion the battery chemistry of choice for our toys, consumer electronics, medical devices, power tools, and increasingly, cars. Applications for household and grid storage that balance the intermittency of renewables are already hitting the market. Indeed, the $30 billion industry is expected to clock a blistering 11.6% annual growth rate through 2024, to a valuation of nearly $80 billion1.
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