Categories:
Energy
/
General Market Commentary
Topics:
General Energy
/
General Market Commentary
Infographic: Lithium is the Fuel of the Green Revolution
Infographic: Lithium is the Fuel of the Green Revolution
The world is shifting greener.
And while people have always wanted electric cars and inexpensive solar power, the reality is that until recently, battery technology just wasn’t good enough to store energy on an economical or practical basis.
Things have changed, and the green revolution has been kickstarted by battery power. The commercialization of the lithium-ion battery has solved a crucial green energy problem for two major reasons that can be related back to the properties of lithium:
1) Lithium has extremely high electrochemical potential, and so do lithium-ion cells:
This means one lithium-ion cell can do more – making it much more efficient to use in everything from electronics to energy storage.
2) Lithium is also the lightest metal on the periodic table. Batteries need to be as light as possible, especially in electric cars.
HOW LITHIUM GETS USED
2001
Many years ago, lithium was used chiefly for a variety of industrial purposes. Major sources of lithium demand included ceramics, glass, aluminum production, lubricants, and as a catalyst for rubber production.
2015
In modern times, with the commercialization of the lithium-ion, batteries are now the major source of demand for lithium at 39%.
2025
According to a report by Deutsche Bank, in 2025 the battery market for lithium alone will be more than 2x bigger than the total lithium market today.
About 70% of all lithium will go to electric vehicles, e-bikes, traditional batteries, and energy storage, making it the uncontested fuel of the green revolution.
To continue reading and view infographic please click link http://www.visualcapitalist.com/lithium-fuel-green-revolution/