The Electrification Revolution is well underway as the world transitions from its multi-decade dependence on Fossil Fuels to a fully electrified society. Global warming has finally been recognized as a major threat to our existence and the health of the planet.
Storage is a key enabler to human prosperity and well-being. Just think about it, if we were not able to store food then humans would have to spend a large amount of time gathering food. Energy Storage enables a myriad of things we can do if we our energy storage solution is sound.
We all know that the wind doesn’t always blow and the sun doesn’t always shine. Renewable energy all share the same weakness; intermittency. Cost effective and efficient storing of that energy is a major underpinning of the Electrification Revolution.
Lithium-ion based batteries have been declared the winner based on the hundreds of US$ billions invested by various Auto Manufacturers around the world. Cost, efficiency, weight, and performance all lead to choosing Lithium-ion batteries as the Energy Storage solution of choice.
Lithium-ion battery technology is our core competency and drives our competitive advantage. However, our business model, which includes forming these Joint Venture Gigafactories, give us a very unique view of the entire Lithium Ion Battery Value Chain from mine to chemistry to manufacturing to end user. We experience it all with a keen focus on the end game; the world’s continued transition to Electrification.