Besides Lithium there are Other battery types which include - Vanadium Redox Flow Batteries which are perfect for solar energy storage. I believe, next to take off..
""" With BEVs likely to consume the vast majority of lithium batteries, companies looking to back up renewable energy like solar and wind could well be forced to look at other types of batteries.For the purposes of this article, we will exclude more exotic or situational sources of energy storage such sand silos, molten salt or pumped hydro in favour of technologies that are expressively considered to be batteries. Vanadium redox flow batteries (VRFB) have been available for some time now and are generally considered to be safer, more scalable and longer lasting than their lithium counterparts. However, the need for vanadium electrolyte storage tanks means they are bulky and have a poor energy-to-volume ratio, making them suitable only for stationary applications.VRFBs have already seen use in large-scale, grid battery storage systems.Zinc-bromine flow batteries are similar though it differs in several key ways with zinc metal plating the anode while the cathode terminal contains bromine in a solution.Sodium-sulphur batteries have longer lifespans than lithium-ion batteries though there are risks involved with handling both sodium (infamous for its reaction with water) and sulphur."" - Source **promotion blocked**
Therefore, I believe AVL is not far from being noticed by savvy investors.
AVL Price at posting:
4.8¢ Sentiment: Hold Disclosure: Held
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