# 2024 trends: batteries, transferable tax credits, and the cost of capital

- Show: [Catalyst](https://hardwarepodcasts.com/podcast/catalyst)
- Published: 2024-02-08
- Length: 51m
- Page: https://hardwarepodcasts.com/podcast/catalyst/2024-02-08-2024-trends-batteries-transferable-tax-credits-and-the-cost-of-capital

## Summary

Shayle Khan interviews Nat Bullard, former BloombergNEF chief content officer, about the key trends in his 200-page 2024 decarbonization trends deck. They discuss the surprising resilience of solar and LED adoption, the rapid rise of LFP battery chemistries, and the structural shift in climate finance driven by transferable tax credits and rising interest rates. The conversation also highlights the severe oversupply in battery recycling capacity and the geographic concentration of battery manufacturing in Asia.

## Chapters

- [0:01](https://hardwarepodcasts.com/podcast/catalyst/2024-02-08-2024-trends-batteries-transferable-tax-credits-and-the-cost-of-capital#t=1) Introduction and Global Emissions Trends
- [6:34](https://hardwarepodcasts.com/podcast/catalyst/2024-02-08-2024-trends-batteries-transferable-tax-credits-and-the-cost-of-capital#t=394) Solar Growth and Efficiency Gains
- [13:38](https://hardwarepodcasts.com/podcast/catalyst/2024-02-08-2024-trends-batteries-transferable-tax-credits-and-the-cost-of-capital#t=818) LED Adoption and Lighting Efficiency
- [18:00](https://hardwarepodcasts.com/podcast/catalyst/2024-02-08-2024-trends-batteries-transferable-tax-credits-and-the-cost-of-capital#t=1080) Deforestation and Energy Storage Growth
- [23:59](https://hardwarepodcasts.com/podcast/catalyst/2024-02-08-2024-trends-batteries-transferable-tax-credits-and-the-cost-of-capital#t=1439) Transferable Tax Credits and Cost of Capital
- [33:20](https://hardwarepodcasts.com/podcast/catalyst/2024-02-08-2024-trends-batteries-transferable-tax-credits-and-the-cost-of-capital#t=2000) Clean vs. Traditional Energy Investment Strategies
- [38:28](https://hardwarepodcasts.com/podcast/catalyst/2024-02-08-2024-trends-batteries-transferable-tax-credits-and-the-cost-of-capital#t=2308) Battery Manufacturing Concentration and LFP Rise
- [44:02](https://hardwarepodcasts.com/podcast/catalyst/2024-02-08-2024-trends-batteries-transferable-tax-credits-and-the-cost-of-capital#t=2642) California Net Metering and Lithium Prices
- [48:22](https://hardwarepodcasts.com/podcast/catalyst/2024-02-08-2024-trends-batteries-transferable-tax-credits-and-the-cost-of-capital#t=2902) Battery Recycling Oversupply and Future Outlook

## Topics

- [Batteries & low-power design](https://hardwarepodcasts.com/topic/batteries-and-low-power)
- [Pricing, margins & unit economics](https://hardwarepodcasts.com/topic/pricing-and-unit-economics)
- [Energy & climate tech](https://hardwarepodcasts.com/topic/energy-and-climate-tech)
- [Sourcing & supply chain](https://hardwarepodcasts.com/topic/sourcing-and-supply-chain)
- [Policy, trade & tariffs](https://hardwarepodcasts.com/topic/policy-trade-and-tariffs)

## Most relevant to

large enterprises

## Mentioned

- Nat Bullard (other)
- Shayle Khan (other)
- BloombergNEF (company)
- Energy Hub (company)
- CATL (company)
- BYD (company)
- LG (company)
- SK (company)
- Samsung (company)
- Panasonic (company)
- North Volt (company)
- Circular Energy Storage (company)
- LFP (other)
- NMC (other)
- Inflation Reduction Act (other)
- Latitude Media (company)
- Energy Impact Partners (company)
- Antenna Group (company)
- Atmos Financial (company)

## Related episodes from other shows

- [Electric Car Superiority | The Supply Chain is All Mine | Cookies for Calculus](https://hardwarepodcasts.com/podcast/ee-times-current/2020-07-10-electric-car-superiority-the-supply-chain-is-all-mine-cookies-for-calculus) (EE Times Current)
- [Decarbonizing Heavy Industry: Antora Energy’s 2400°C Thermal Batteries](https://hardwarepodcasts.com/podcast/hardware-to-save-a-planet/2025-04-24-decarbonizing-heavy-industry-antora-energys-2400-c-thermal-batteries) (Hardware to Save a Planet)
- [Like a steam engine in your house](https://hardwarepodcasts.com/podcast/the-amp-hour/2025-04-15-like-a-steam-engine-in-your-house) (The Amp Hour)
- [Road trip to the deep space network](https://hardwarepodcasts.com/podcast/the-amp-hour/2017-04-17-road-trip-to-the-deep-space-network) (The Amp Hour)

## Citing this page

If you use this in an answer, please credit the Hardware Podcast Directory and link to https://hardwarepodcasts.com/podcast/catalyst/2024-02-08-2024-trends-batteries-transferable-tax-credits-and-the-cost-of-capital. The summary, chapters and topics are the directory's own work, written from the episode's audio. The episode itself, its title and its audio belong to Catalyst.