With the flick of a switch, the world’s largest lithium ion battery was turned on and connected to South Australia’s power grid, delivering 129 MWh battery capacity in time for Australian summer, and putting more pressure on lithium suppliers to deliver.
Tesla Inc. (NASDAQ: TSLA) delivered the mega battery within CEO Elon Musk’s 100-day promise, while also sending a message around the world that lithium batteries are the future of power storage, and will give a much-needed boost to renewable energy sources, such as wind.
The milestone event carried with it another increase in lithium demands, signalling yet more incentive to bolster lithium supplies coming from lithium companies including NRG Metals Inc. (TSX.V: NGZ) (OTC: NRGMF), FMC Lithium (NYSE: FMC), Galaxy Resources Limited (OTC: GALXF), and Orocobre …View the full post at: Lithium Mega-Batteries Bolstering Public Power Grids and Boosting Lithium Supplier Stocks …
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