Energy storage systems are needed so that raw materials such as lithium

The trend worldwide is toward renewable energies. Wind and solar energy are on the rise. The global financial institution UBS is looking at how the energy storage sector will develop, among other things. In 2020, the cumulative storage capacity was around 230 GW, and a storage capacity of at least 452 GW is forecast for 2030. In terms of global electricity capacity, the energy storage ratio is expected to be up to 13 percent in 2030. By comparison, in 2020, this ratio was only three percent. Energy storage is an important topic, because electricity should also be able to be used with a time lag. Electrochemical energy storage has the greatest potential for widespread use.

And as the cost of lithium batteries has declined in recent years, a turning point may now have arrived at which energy storage can be increasingly used in many applications in an economically viable way. To achieve the world’s ambitious goals towards CO2 neutrality, energy storage is the key technology to provide stable renewable energy. For example, EU countries aim to achieve climate and energy plans by 2030, and the US plans to establish CO2 neutrality by 2050. China also has particularly big goals in wind and solar energy. This development will result in a huge demand for lithium.

To meet this demand, lithium companies such as ION Energy and Alpha Lithium are working on their lithium projects.

ION Energy – https://www.youtube.com/watch?v=VB58W-99Vac -, well financed, owns two projects in Mongolia. A possible lithium customer is the neighboring country China.

Alpha Lithium – https://www.youtube.com/watch?v=n69IrrXNDPE – holds high-grade lithium land (approximately 27,000 hectares) in the Lithium Triangle in Argentina. Among them is the Tolillar Salar lithium project.

Current corporate information and press releases from Alpha Lithium (- https://www.resource-capital.ch/en/companies/alpha-lithium-corp/ -).

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