5 Innovators Changing The Lithium Game - InvestingChannel

5 Innovators Changing The Lithium Game

In the twentieth century, the world ran on oil.

Now, the future rests on a new mineral: lithium.

A crucial component in battery-storage technology, lithium will be needed in larger and larger quantities, as the world’s fleet of electric vehicles (EV) grows and more and more renewable energy capacity is installed.

Renewable energy sources like wind and solar depend on large lithium batteries to store energy and provide reliable output. In 2016, renewable energy accounted for nearly two-thirds of net new power capacity, adding 165 GWs worldwide.

The International Energy Agency (IEA) estimates future renewable energy capacity additions will outpace coal, and grow by almost 90 percent from 2017 to 2022.

This means opportunities for growth in the lithium tech and mining sectors could be immense.

The last two years …View the full post at: 5 Innovators Changing The Lithium Game

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