POWERING THE FUTURE
Founded in 2018, the company is fundamentally changing the way humanity is powering our world and storing clean energy with breakthrough direct lithium extraction and refinery technologies, as well as more effective battery and energy storage solutions.
Teague Egan
Chief Executive Officer
Lithium demand is already high and is growing year over year. Over the next 10-20 years, lithium will be the most important natural resource in the world. As our society transitions to a fully sustainable future, 吃瓜网X will tackle the hardest problems for the production of lithium and many aspects of energy storage.
FROM BRINE TO BATTERY鈩�
吃瓜网X has developed radical innovations impacting all aspects of the battery supply聽chain from brine lithium extraction and refinement to the development of solid state batteries with high safety and energy densities.
The 吃瓜网 Transition
Right now, we are witnessing a global shift to sustainable energy. Sustainable energy is defined as generated from sources that are naturally replenishing or inexhaustible, but are limited in availability due to time. For example, sunlight is a renewable energy source, but we only get a certain number of hours of sunlight in a day. While we can count on the sun rising every day, unfortunately this energy can鈥檛 be used during the night without storage. The same goes for energy created by wind, a natural renewable source. If there is no wind at a given time, no energy is being generated from that source.
Fossil fuels (oil, gas, and coal) are not renewable or sustainable energy resources; they are limited to the amount that exists in the ground. Moreover, the energy generated from fossil fuels is created by combustion or burning. That creates CO鈧� emissions that are harmful to our atmosphere. We are in the midst of a global energy transition away from fossil fuels towards renewable energy sources that will curb the devastating effects of climate change caused by CO鈧� emissions.
Growing Storage Need
Over the next 10 to 20 years, lithium will become one of the most highly in-demand natural resources in the world. It will replace fossil fuels as the leading element in renewable energy storage, paving a path to a sustainable future. Right now, batteries and battery materials are the bottlenecks in the EV revolution, electric mobility, and storage for renewable wind and solar energy, which are intermittent sources of generation.
Lithium In Everyday Items
Lithium-ion batteries are currently in every cell phone, laptop, tablet, and power tool. Now, a massive amount of lithium batteries are being used by electric vehicles. Goldman Sachs estimates that a Tesla Model S with a 70kWh battery uses 63 kilograms of lithium carbonate equivalent (LCE) 鈥� more than the amount of lithium in 10,000 cell phones. Lithium is also valuable for large grid-scale storage and home battery storage. Perhaps there soon may be battery-powered airplanes…
Electric Cars in the World
For every 1% increase in battery electric vehicle (BEV) market penetration, there is an increase in lithium demand by around 70,000 tonnes LCE/year. Sales of Electric Vehicles, according to BHP, is expected to exponentially increase – as much as 10-50% by 2030, and 50-100% by 2050.
