Australia set to be a leader in $1.7 trillion battery industry
Australia is forecast to be a global leader in a battery storage technology boom which is growing more swiftly than previously predicted. Bloomberg New Energy Finance has predicted batteries will quickly become cheaper than it originally forecast last year, with prices to fall by more 50 per cent through to 2030 as it grows into... View Article
Orocobre Market Update Online Briefing
To listen to a recording of Orocobre’s latest webcast briefing, where Managing Director & CEO Mr Richard Seville discusses the Quarterly Activities Report for the period ending 30 September 2018, click on the media player below.
Australia’s First 350kW Electric Vehicle Charging Stations Confirmed
A network of ultra-fast electric vehicle recharge stations powered exclusively by renewable energy will receive $6 million in funding from the Australian Federal Government. 18 stations will be located no more than 200km apart on the main highway that links Brisbane, Sydney, Canberra, Melbourne and Adelaide.
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Market demand for lithium products is largely driven by the increase in use of rechargeable batteries in portable electronic devices and electric transportation.
Lithium-ion batteries provide power for cell phones, smartphones, tablets, laptop computers, power tools, and many other mobile consumer devices. Larger format lithium-ion batteries provide power for electric cars, scooter, electric bikes, buses, forklifts and other forms of transportation.
New applications for lithium are emerging in the areas of grid energy storage, solar and nuclear energy generation, and other industrial uses. Extensive new lithium-ion battery manufacturing plant capital expenditures currently underway are viewed as a positive indicator of future lithium demand.