Friday 24 July 2015

Lithium Race: LG Chem Pushes Australian Battery Storage Prices Down Competing With Tesla.


  We have the best what can happen in order to drive the mass adoption of home lithium battery systems - competition! LG Chem joins lithium race with Tesla, Mercedes, Saft and Samsung.
   Below you can find extended version of my research on home lithium battery systems, solar energy and lithium market for your weekend bedtime reading.

Saft Unveils 10 kWh Home Lithium Battery Energy Storage System.


  Saft joins Tesla, Mersedes and Samsung in lithium race for the place under the sun to store its power for your house. Saft design remands more about the industrial product than smooth Apple lines of Tesla's Powerwall, but it is important that it will do the job. The more competition in the lithium battery space - the better. We need the prices to go down fast to the magic $100 per kWh to ignite the mass market for electric cars and home energy storage for Solar Power. I highly recommend Tony Seba's book: Clean Disruption of Transportation and Energy - you will understand this mega trend I am writing here about. We are moving into the age of distributed production and storage of energy and lithium is at the very heart of this groundbreaking technology. The Kodak moment for transportation and energy industry based on fossil fuels has come and gone. They are heading the same way as Kodak went. EVs powered by the Solar Power will bring the exponential disruption of the transportation and energy industries. Elon Musk with Tesla Motors leads the assault on 4 Trillion transportation industry and energy is next now. You can find more of my research on the links below on my blog. Welcome to the new industrial revolution: from atoms to bits.

Lithium Catalyst: Mercedes-Benz Takes On Tesla With A Home Battery Of Its Own.

  The more lithium batteries will be made for energy storage by different companies - the better for our lithium industry raw materials supply chain. Price competition will bring cheaper and better lithium batteries and will ignite the mass market for EVs and energy storage as well.

The End of ICE: Genius Elon Musk Starts The Race To The Bottom Of Energy Storage Prices.

"Now auto-makers can start to be really worried. ICE cars can become obsolete very fast. Elon Musk has just opened huge energy storage market combined with unprecedented growth in Solar installations all around the world. Tony Seba will be the good source to comprehend this tectonic shift."

Samsung SDI Unveils New Lithium Energy Storage Products at Intersolar Europe 2015.


  Lithium batteries are coming into the residential storage market spurred by the incredible growth of Solar Power all over the world. Mercedes Benz has announced its own residential storage system and today Samsung is taking on the very promising market space. Elon Musk thinks that actually Powerpacks for utilities will make the majority of the Energy Business for Tesla in the near term. Prospects for Lithium  industry are getting brighter day by day with every new Solar Power installation  and electric car on the street. International Lithium is at the heart of this groundbreaking development building the supply chain for our strategic partner Ganfeng Lithium. You can find more information on our industry on the links below.

International Lithium Corp. Updates on Drilling Programs in Argentina and Ireland.

  We have great news today from our both J/V projects with Ganfeng Lithium! You already know about my personal vision for the lithium industry and our strategic partnership between International Lithium and Ganfeng Lithium from China. Now we have results coming in from our exploration and development programs.

The Lithium-Ion Battery Megafactories Are Coming: Production To More Than Triple by 2020.

  We have the rebirth of the interest to the lithium industry on the investor's radar screens these days. Behind the scenes after the initial hype the best players were growing very fast. Just look at the incredible rise of our strategic partner Ganfeng Lithium! We are very lucky, after years of hard work to secure the financing of our two J/V projects by Ganfeng in Ireland and Argentina. Elon Musk has brought attention back to the lithium technology these days and finally our shares are finding some bids. I am writing and talking a lot about Tesla, EVs, Lithium and our companies. This is where my passion and my money are, do not hesitate to contact us with all your questions. We will never discuss any material information which is not public, but we will help you to navigate in our very young, but growing very fast industry. I will never ask you to buy our shares or give any investment advise, but just share with you my very personal vision on the future. For me it is clear - it will be lithium technology for years to come: the chart above make my point more apparent. Please follow Simon Moores and his new Benchmark Mineral Intelligence for industry insights. You will find other names on the links I am providing.
  What makes International Lithium different from other junior miners - access to the capital. Our very deep technical team headed by Gary Schellenberg has identified our projects at the very beginning of the lithium interest in 2008. It took us few long years to bring Ganfeng Lithium to the table. Now this giant from China is financing our J/V projects after studying for years other lithium projects all over the world. Based on the previous results we are drilling now both J/V projects with more information to come in the coming weeks. China controls now 75% of battery grade lithium hydroxide and Ganfeng Lithium is one of the major players in this market. International Lithium is building the supply chain for this vertically integrated lithium business in China. Stay turned and I  welcome all our new shareholders to the very exciting new industrial rEVolution we are building our business to be the part of.

Video - Elon Musk Presentation Of Tesla Lithium Energy Storage: PowerWall and PowerPack With "Infinite Scalability".

Lithium Hydroxide - A Perfect Price Storm Just Before Tesla Battery Storage Announcement.

International Lithium And Ganfeng Lithium: "The End Of The Lithium 'Big 3'.


Tesla Gigafactories: Is There Enough Lithium to Maintain the Growth of the Lithium-Ion Battery Market?

Joe Lowry: Lithium Capacity Additions Will Be Short Of Demand.

"Joe Lowry is sounding the rising alert for all industry insiders about the coming shortage of lithium. Tesla is waiting for Panasonic to solve all the supply problems, but the growing demand is already pushing prices higher even before Gigafactory comes on-line! The ignition of mass market for electric cars and energy storage will come with lower lithium battery cost. Gigafactory promise us to bring the magic $100 per kWh. Supply of lithium will become crucial and its security will be even more important than its price.
  Our partner Ganfeng Lithium controls with other Chinese companies 75% capacity of battery grade lithium hydroxide now. We are moving into the new landscape for critical materials which are powering the green revolution. Stay tuned for the update from our lithium exploration programs on J/V projects in Ireland and Argentina."

Joe Lowry: What The Beginning Of Lithium Shortage Looks Like.  

  "Joe Lowry from @globallithium presents another evidence of growing constrains in the lithium supply chain. He knows International Lithium strategic partner Ganfeng Lithium very well and has covered its incredible growth in his previous articles, which you can find on this blog as well. Read more."

Clean Technica:

LG Chem Pushes Australian Battery Storage Prices Further Down The Curve.

"Originally published on One Step Off The Grid
The competition in the nascent battery storage market continues to intensify, with South Korean appliance manufacturers LG Chem launching a new 6.4kWh battery storage system that approaches the key $1,000/kWh mark.
shutterstock_282797363The new battery storage system is being made available to consumers in the next few weeks, and follows the release into the Australian market of AU Optronics, promoted by AGL Energy, and rival offerings from Samsung,  Enphase, Panasonic and SMA.
But the LG Chem system is already bringing costs down at the top end of the market – matching the assumed pricing of the much vaunted Tesla Powerwall, with the advantage that it is actually in the market.
LG’s Chem Residential Energy Storage Unit (RESU) 6.4kWhr battery is similar in size, shape and capacity, to the Tesla offering, and is expected to last 15 to 20 years, or at least 6,000 cycles. It is being offered in Australia at $A6,898. The first supplies have arrived in Australia via wholesalers Solar Juice.
LG Chem, in its blurb to installers, says it expect the units to have a retail price of a bit more than $1000 per kW/h ex GST plus inverter solution. “The cost curve will come down over time,” it says.
The units can be upgraded to a total of 12.8kWh with 3.2kWh expansion units. LG Chem says these are expected to be slightly more than 50% of the RESU 6.4Ex price.
Jeff Wehl, from Brisbane-based Ecoelectric, says the technology will easily defy grid costs with a typical cost per kWhr of around 15 cents over 15 years.
He says that a combined package of 5kW of solar panels (Trina), a 6.4kWh LG Chem System, and the associated SMA inverter and home energy mamagement systems will be offered for around $24,000. That equates to electricity at 18c/kWh – well below grid costs (although not including the network connection).
It’s an offering that would suit large power consumers (say 25kWh a day). But the end result is they will use all the power the solar system produces and import as little as 1kWh a day.
“The big difference for Australia is that LG’s unit is available now and it’s certification for use with many inverters is known,” Wehl says of the competition with Tesla and other manufacturers.
“Tesla’s (offering) is sold out until at least mid-2016 and many questions remain about how it can be effectively integrated with grid and renewable energy sources.”
Wehl says the LG Chem RESU can be used as both a hybrid and or off-grid solution and allows for high output with extremely long life spans, which are backed by trusted warranties.
Markus Lambert, from LG Solar, says  another important development with the advent of cost effective battery storage market is the rising efficiency in solar modules.
Until recently, the standard module would have a capacity of 250 or 270 watts. This is now increase to 320 watts and 350 watts and will soon get to 400watts.
That means that while most Australian households had natural size limitations of around 5kW for their arrays, the potential was there to go far beyond that.
“There is value to the roof space.” That will be critical in  adding battery storage to account for much of the house’s electricity needs, and to ensure the solar system can meet the demands of a plug in electric vehicle.
“EVs only make sense if driven by renewables,” he says. “So people will look at solar and storage for electric cars. So the rooftop now has to provide for consumption in day, and at night, and for the electric car,
And while he says the battery storage market is still in its “early adopter” phase and the pricing is not ready for the mass market, ther is room for large reductions in price as volumes drive competition and efficiencies.
Keep up to date with all the hottest clean tech news by subscribing to our (free) cleantech newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletterelectric vehicle newsletter, or wind energy newsletter."

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