Rush into batteries is on High Voltage now and Lithium becomes a matter of Energy Security.
Our Next Big Thing is taking off. Lithium supply will be crucial for Green Mobility Revolution, money are coming into battery production now. Next step will be investment in producers of Lithium and then Exploration companies will fly with solid management, properties of merit and fast effective development of these properties.
Full Article Waitin’ for That Billion-Dollar Click
"The U.S. is getting ready to inject the first round of $27 billion in incentives into America's ailing automotive sector. Lithium-ion batteries are a key part of that initiative, with companies like Indiana-based EnerDel hoping for the funding to add thousands of jobs.
"Failure to develop the lithium-ion automotive battery industry would be tantamount to exchanging dependence on foreign oil for dependence on foreign-made batteries," says Ener1 Chairman and CEO Charles Gassenheimer.
"Lithium-ion battery technology was invented here in the U.S., and America still maintains a lead in the automotive systems space," Ener1 Director of Investor Relations Rachel Carroll tells The SiteNet Dispatch. "But that lead is closing fast. The governments of Japan, China and South Korea have all been actively funding advanced battery research and development for the past decade. "And on the manufacturing side, the U.S. is in danger of falling behind," Carroll continues from New York. "If we lose that race, we’re out of it for good."
"The cars of tomorrow require the batteries of tomorrow," President Barack Obama said on March 19 in announcing the $2-billion Advanced Battery Manufacturing Initiative (ABMI). "So the problem isn’t a lack of technology,"
"The cars of tomorrow require the batteries of tomorrow," contends President Barack Obama. Obama continued at the Southern California Edison’s Electric Vehicle Technical Center in Pomona, Calif. "You’re producing the technology right here. The problem is that, for decades, we have avoided doing what must be done as a nation to turn challenge into opportunity."
"The cars of tomorrow require the batteries of tomorrow," contends President Barack Obama. Obama continued at the Southern California Edison’s Electric Vehicle Technical Center in Pomona, Calif. "You’re producing the technology right here. The problem is that, for decades, we have avoided doing what must be done as a nation to turn challenge into opportunity."
"But there could be some very solid reality fueling such elevated aspirations. Lithium-ion batteries, after all, are looking like a long-delayed idea whose time has finally come. "Automotive batteries and battery-management systems may be the product category that benefits most from the changes that we expect," the investment management firm of Alliance Bernstein concluded in last year’s influential "Abating Climate Change" report. "Currently, the annual automotive battery market is about $9 billion. . . . As new, more powerful lithium-based batteries are introduced, we expect the market to grow to over $150 billion."
And the U.S. automotive industry, Gassenheimer contends, will be swept up in that escalating demand curve. "I have often said that the demand is not the issue," Gassenheimer noted in a March 11 conference call reviewing year-end results. "The ability to supply the battery is going to be the issue to stand up this industry in the United States."
And the U.S. automotive industry, Gassenheimer contends, will be swept up in that escalating demand curve. "I have often said that the demand is not the issue," Gassenheimer noted in a March 11 conference call reviewing year-end results. "The ability to supply the battery is going to be the issue to stand up this industry in the United States."
The ability to secure Lithium supply for all those batteries production plans will be crucial in years to come. (S.)
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