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https://www.telegraph.co.uk/business/2021/04/19/lithium-shortage-may-unplug-electric-car-revolution/

The article states that there will be a huge shortage of lithium for EV batteries. There is no way that lithium can also solve the stationary energy storage problem.

The electric car boom risks being stalled by a severe shortage of a crucial ingredient used in batteries within the next decade, analysts have warned.

Car makers will face production delays on millions of electric vehicles as mining for lithium fails to keep pace with soaring demand, according to Rystad Energy.

Mining capacity can cope with current demand in electric vehicles, but car makers will face “a serious lithium supply deficit” from 2027, the energy research firm predicted.

The supply crunch is expected to hit just before the UK’s ban on new petrol and diesel sales begins in 2030.

It warned the shortage could triple the price of lithium by the end of the decade unless new investment in mines is made soon.

James Ley of Rystad Energy warned that major disruption was brewing for electric car manufacturers.

“If more mining projects are not added to the pipeline quickly, the energy transition of road transport may need to slow down,” he said.

The shortage will mean the production of 3.3m electric vehicles will be delayed in 2027, growing to 20m in 2030, according to Rystad. Sales of electric vehicles are expected to be boosted by escalating demand from drivers as governments clamp down on petrol and diesel cars.

While the Covid crisis caused a wider 29pc plunge in new car registrations last year, sales of electric and hybrid vehicles jumped by two thirds, according to the Society of Motor Manufacturers and Traders. Its data suggests that more than a quarter of new car registrations in 2020 were electric or hybrid vehicles.

Lithium is one of the key components of the rechargeable batteries used in such cars. Rystad estimated that it can take up to seven years to get a new lithium mining project up and running.

Demand for lithium carbonate equivalent is estimated at 300,000 tonnes this year but is expected to rise to 2.8m tonnes by 2028.

More investment decisions to build new lithium mining projects need to be added to the pipeline, and fast,” the report said.

“Although lithium-ion is not the only battery technology, it is far superior in electric vehicle applications and won't be substituted by anything else this decade.”

Car makers are moving quickly to produce greener vehicles.

Aggreko shareholders back takeover
Shareholders in power generator company Aggreko have backed its £2.3bn takeover by I Squared and TDR Capital by a narrow margin.

Some 76pc of investors voted for the deal, the company said this afternoon.

It had been reported that the takeover plans were in doubt after Aggreko’s biggest shareholder, Liontrust Asset Management, decided to vote against the deal.

Aggreko offers rentals of power, heating and cooling equipment to clients in the energy, refining, construction and events industries.

Just topped up again with 5Ks worth. No brainer!

The initial plant is for 200 mwh of electrolyte. There original plans allow for scaling to 800 mwh. It’s all in the RNSs.

https://www.nytimes.com/2021/03/22/business/biden-infrastructure-spending.html?te=1&nl=climate-fwd:&emc=edit_clim_20210324

WASHINGTON — President Biden’s economic advisers are pulling together a sweeping $3 trillion package to boost the economy, reduce carbon emissions and narrow economic inequality, beginning with a giant infrastructure plan that may be financed in part through tax increases on corporations and the rich.

After months of internal debate, Mr. Biden’s advisers are expected to present the spending proposal to the president and congressional leaders this week, as well as begin outreach to industry and labor groups. On Monday, Mr. Biden’s national climate adviser, Gina McCarthy, discussed his infrastructure plans — and their role in combating climate change — in a meeting with oil and gas industry executives.

Administration officials caution that details remain in flux. But the enormous scope of the proposal highlights the aggressive approach the Biden administration wants to take as it tries to harness the power of the federal government to make the economy more equitable, address climate change, and improve American manufacturing and high-technology industries in an escalating battle with China.

The $1.9 trillion economic aid package that Mr. Biden signed into law this month includes money to help vulnerable people and businesses survive the pandemic downturn. But it does little to advance the longer-term economic agenda that Mr. Biden campaigned on, including transitioning to renewable energy and improving America’s ability to compete in emerging industries, like electric vehicles. Administration officials essentially see those goals — building out the nation’s infrastructure and shifting to a low-carbon future — as inseparable.

Those FAR shares were already sold by the MM last week to satisfy the demand after the pumping.

Could someone please explain properly, without resorting to insults why this project hasn’t been delayed.

I have looked at the grid from the information that daitom posted again this morning and I cannot understand how you have come to this conclusion. The invitation for tenders isn’t due until tomorrow. I believe we were originally expecting a result by the end of this month.

I’m sure many here would agree, I’m disappointed it’s been delayed further. There is nothing wrong with posting that you are unhappy with something.

Sorry, I missed one date was 2020 and one 2021.

It appears it will be pushed back by a couple of months. The Bid Evaluation Report
and Recommendation of Award was shown as last Tuesday. Why cancel it now and reissue a few days later?

It appears that the original tender is cancelled but is going to ask for new tenders. It appears that they are bringing forward the signing of contracts by 5 weeks from 15 Aug to 8 July.

I’m assuming that there may be a slight change in the requirements or it might just be that they wanted to press ahead more quickly but were forced to reissue the tender to do so.

This looks like a good thing!

I still haven’t ruled out BE being a contractor or supplier to one of these projects

We know that Peter Oldacre attended the RMIPPPP bidders conference and Bushveld Energy, we think didn’t bid alone so they must have partnered with someone.

Alfa, I think he is saying anyone thinking of building a new nuclear power plant are off their trolley

Nice to see your post getting over 100 recommendations.

All the best to you Pdub.

Link broke

https://www.vanadiumcorp.com/news/sustainability-news/100-renewable-energy-luxury-resort-in-saudi-arabia-will-use-1000mwh-battery-storage-system/

Macanman, ACWA are planning a very large battery storage project, believed to be VRFB. There is also Chinese investment in the company.

https://www.vanadiumcorp.com/news/sustainability-news/100-renewable-energy-luxury-resort-
in-saudi-arabia-will-use-1000mwh-battery-storage-system/

A tourism development in Saudi Arabia which will have its own international airport and hopes to attract over a million visitors each year will be 100% powered by renewable energy, with the help of a 1,000MWh battery storage facility.

The Red Sea Project will include more than 50 hotels on the west coast of Saudi Arabia and the company behind it, The Red Sea Development Company (TRSDC), has pledged that it will be fully powered by wind and solar. The project’s masterplan was approved in late 2018 by Saudia Arabia’s King Salman. The resort is scheduled to open in phases, with the first phase including the airport and four hotels to open by the end of 2022.

TRSDC awarded a contract this month for utility infrastructure provision for the resort, with a consortium led by ACWA Power, the Saudi energy project investor and developer company behind some of the region’s largest – and the world’s lowest-cost – solar power projects. The site is expected to have an initial demand of 210MW and the consortium was awarded a 25-year contract.

ACWA Power’s consortium is a public-private partnership that includes financing from Saudi and international banks, including Standard Chartered Bank from the UK and the Silk Road Fund from China. Silk Road purchased a minority stake in ACWA Power’s renewables arm earlier this year. The partnership will ensure the design, construction, and operation of utility systems and associated infrastructure, including water treatment and desalination.

TRSDC representatives emailed Energy-Storage.news this week to say that the Red Sea Project will be powered 24/7 with the use of the battery storage system. The batteries will support energy resilience across the entire 28,000km2 site, including powering facilities at night-time and ensuring power if outages or other problems occur across its networks. TRSDC said that the combination of wind and solar will guarantee reliable supplies of energy.

“The size and scale of TRSDC’s battery storage facility put this iconic regenerative tourism destination at the forefront of the global transition towards carbon neutrality. Wind and solar capacity are set to exceed coal and gas in less than five years, and we are keen to drive the pace of change,” TRSDC CEO John Pagano said.
At 1,000MWh capacity, the battery is among the largest planned in the world to date.

My understanding is you can still be connected to the grid as a back up but you cannot push your electricity into the grid. There is no limit now under this self generated electricity.

Lamps, they are posted at the same time and had no effect whatsoever on the SP so they will be some kind of rollover, probably a T20. Nothing to worry about.

I know it is very frustrating for holders here, basically the only news of note that we haven’t heard before in the last 6 months was the Orion funding. BESS project, electrolyte plant, Mokopane etc are all years behind where they should be. I firmly believe that all that is about to change in a fairly short amount of time.

I don’t know why news is being held back but I am putting my faith in Fortune.

https://twitter.com/bigbitenow/status/1367405410215464964?s=21

A BBN tweet about the likely further rise in V prices and where they might go.