Now we have the news confirming China's Renewable Energy ambitions and military plan to build New Energy and Electric Cars industries. Utility scale energy storage will change the world of fixed power lines and centralised generation, the same way like mobile communication systems have overtaken the fixed telephone lines. Smart Grids with Solar Power and Energy Storage will manage to provide the power 24/7 with Distributed Energy Generation Model and will save for China, India and Africa trillions of dollars in CAPEX. Lithium technology is taking the central stage in these Utility storage systems as well as in home based power storage solutions. The demand for Lithium will be driven by Energy Storage even more than by Electric Cars.
Lithium Technology And Energy rEVolution: How Much Land Would It Take To Power The Entire USA With Solar Energy?
Tesla is making headlines in the West, but the real lithium story is happening already in the East. China is taking very seriously New Energy and Solar Power with Electric Cars are strategic industries under the military type planning and execution now.
China is already the largest lithium market in the world, taking on the lithium batteries leaders and will become the largest market for electric cars in the world this year. Lithium technology is at the very heart of it. Now we are talking about disruption of $8 Trillion Energy Industry after the explosive growth of electric cars disrupting $4 Trillion Transportation Industry.
Cheaper lithium batteries change everything. We can only guess how low the prices for lithium batteries will go in China. Now this GCL Poly system is priced higher than Tesla PowerWall at $394 per kWh. Tesla's 10 kWH PowerWall is priced at $3,5000, which comes to $350 per kWh. Tesla can already produce all-in cost for $190 per kWH for its Model S and X even before Gigafactory is operating at the full scale. It is time to learn the new names. Like 28 companies in China making 51 models of electric cars or GCL Poly taking on Tesla in the energy storage business. International Lithium is plugged into the vertically integrated Ganfeng Lithium business to serve in the future post carbon economy after this Energy rEVolution. Read more."
Race For Renewable Energy Technologies Charges Lithium Market. Chinese Lithium Leader Secures Supply Sources.
BNN: ILC team at Mariana Lithium Project site in Argentina placing access for North-side seismic testing this March
It took International Lithium 7 years of building its Lithium business and 5 years of partnership with Ganfeng Lithium: $4.5 billion market cap giant from China - to receive this acknowledgement to celebrate our 5th IPO anniversary:
"Ganfeng has a strong commitment to supply Lithium product to various industries worldwide,” stated Ganfeng’s Director, Wang Xiaoshen, “so we clearly have a vested interest in these projects and have been very hands-on in the evaluation of ILC’s properties. Our company is the only one in the world that has commercial production capacities to extract Lithium from both brine and spodumene, and we continually implement cutting-edge technologies to our processes. I feel confident that this is a fit for our operations and the potential these projects hold."
China to boost energy storage 10-fold to cut power waste
China is expected to raise its power storage capacity by ten-fold to 14.5 gigawatts by 2020, as the world's second-biggest economy tries to cut massive waste from renewable energy projects, an industry association said.
China is the world largest wind and solar power producer, but some regions are estimated to be losing more than 40 percent of their power because of technical restraints and bottlenecks in the grid, alongside weak power demand growth.
Storage technologies, such as pumped storage hydropower or lithium ion batteries, are expected to play a critical role in improving the China's capacity to make better use of renewables.
International companies involved in providing storage to China include ABB and TUV Rheinland, while domestic players include Soaring Electric, Sifang Automation and joint ventures such as Sungrow-Samsung SDI Energy Storage Power Supply company.
China currently has 105 megawatts of storage capacity after a 110 percent increase over the previous five years, but that represented just 1.7 percent of total generation capacity by 2015, according to a report released this week by the China Energy Storage Alliance, an industry body.
"We didn't count pumped hydropower, and we project growth to rise to 14.5 GW by 2020 based on manufacturers' orders," said Tina Zhang, managing director of the alliance.
The government said in its latest 2016-2020 "five-year plan" that it would seek breakthroughs in the commercialization of energy storage, but it did not set a target.
"China is heading an energy revolution led by the transformation to low-carbon energy and the opening up of its wholesale power market, and storage will be important to bolster the changes," said Jiang Liping, vice president of the State Grid Energy Research Institute.
Most storage projects are not yet financially viable and investors want more government support.
Xu Honghua, president of Beijing Corona Science and Technology, which designs renewable technology, said China needed to bring in a mechanism for different prices for peak and off peak power to provide incentives to use energy from storage, and the return on investment needed to be 12 percent to support the new technology.
(Reporting By Kathy Chen and David Stanway; Editing by Ed Davies)"