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GEL to produce geothermal lithium from Cornwall, UK projects

ThinkGeoEnergy

Geothermal Engineering Limited (GEL) has announced plans of producing around 10o tonnes of Lithium Carbon Equivalent (LCE) per year from the company’s geothermal projects in Cornwall, UK. The United Downs project is expected to start producing power in 2024 and represents the UK’s first integrated deep geothermal power and heat project.

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Will Lithium Follow The ‘Super-Cycle’ Of Mining?

R-Squared Energy

Those high oil prices caused a recession, which reduced demand, which reduced prices. Thus, new supplies may come online even as demand softens. Eventually demand recovers, but new supply stagnates. But will lithium follow that same trend? The continued demand for EVs continues to drive the battery-production market.

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Li+Fluids joint project tests for geothermal lithium in Northern Germany

ThinkGeoEnergy

As part of the Li+Fluids project, a team from the Federal Institute for Geosciences and Natural Resources (BGR) will be testing for the technical implementation of lithium extraction from geothermal waters near the Uelzen District in Lower Saxony, Germany. Lithium extraction tests are being carried out here for the first time in the NDB.

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IEA reports mixed outlook on critical minerals for energy transitions

Smart Energy International

Falling prices, increased demand and concentration of supply characterise the critical minerals panorama as energy transitions advance, the IEA has reported. Mostly driven by a strong increase in global supply, outpacing the growing demand, this has resulted in a lowering of prices, for example by around 14% for batteries.

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WoodMac: Global Energy Storage Installations to Hit 15GW by 2024

GreenTechMedia

The global energy storage market quadrupled last year to 4 gigawatts of new installations and will surge to a 15-gigawatt annual market in 2024, even as system price declines slow down, according to Wood Mackenzie. Growing interest from oil and gas companies.

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Echion and CBMM to build manufacturing facility for anode-grade niobium oxides in Brazil

Charged

The facility, which is due to open in early 2024, will have the capacity to supply 2,000 tonnes of material per year—the equivalent of 1 GWh of battery cell production. The investment should enable total production of 3,000 tonnes of battery-grade niobium oxide in 2024.

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Could plummeting battery costs deliver mass market EVs as soon as 2024?

Business Green

Electric vehicles (EVs) could be on track to reach cost-parity with fossil fuel cars within three years thanks to rapid strides in battery development worldwide, which have seen the average cost of lithium ion battery packs plummet almost 90 per cent over the past decade, according to a new report from BloombergNEF (BNEF).