our globally significant Lithium Resource, page-94

Morning ALL,

I found this article the other day and thought that I would share it here because while we all look towards the EV market as the main driver of lithium demand, energy storage is going to be a huge component for demand as well. These batteries are going to be the biggest this planet have ever seen. the following is taken from the link below.

Inside a cavernous turbine building, a 300-megawatt lithium-ion battery is currently being readied for operation, with another 100-megawatt battery to come online in 2021.

"Energy storage is actually the true bridge to a clean-energy future," says Bernadette Del Chiaro, executive director of the California Solar and Storage Association.

And while the US's Moss Landing is set to be the world's largest battery, it may be so for long. Saudi Arabia has just announced a bid for that title, with a massive solar-plus-storage system on the country's west coast. The facility will provide 100% renewable energy around the clock to a resort complex of 50 hotels and 1,300 homes being built along the Red Sea.

Batteries are even beginning to reach a size – around 200 megawatts – that enables renewables to replace small- to medium-sized natural gas generators, says Fluence's Hohenstein. "Now we're able to truly build these hybrid resources – solar, storage, wind – and do the job that was traditionally done by fossil fuel power plants," says Hohenstein, whose company is seeing a surge of interest in large projects.

https://www.bbc.com/future/article/20201217-renewable-power-the-worlds-largest-battery

This is one area where the Europeans have been a little slow in the take up and are now looking to play catch up with the US. The following was also taken from the link above.

Europe has been slower to get on board with storage. "In general, Europe is a bit more conservative" when it comes to such developments, says Daniele Gatti, analyst for IDTechEx, a UK-based market research firm specialising in emerging technology. Energy storage development in Europe has been hindered by a restrictive electricity market dominated by government auctions that tend to undervalue storage, she says. Still, some big-battery projects are now taking shape, including the 320-megawatt Gateway system to be built at a new port facility near London.

Our location on the edge of Europe is going to be a big plus in meeting the enormous demand for lithium that is coming very soon.


Hold them tight people............very interesting times ahead........................Oh and don't forget about our cash generating gold mine.

All imo and DYOR