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Lithium Catalyst: Tesla To Offer Batteries To Consumers For Home Energy Storage.

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Video - Lithium Catalyst: Tesla To Offer Batteries To Consumers For Home Energy Storage.


Elon Musk is going for disruption of another Trillion dollar industry. Now we have few such Trillion dollar industries investing in Lithium battery technology: Mobile Devices, Electric Cars and Utility Energy Storage. We have another catalyst for lithium materials production. With cost of Lithium below 2% of the final cost for lithium battery, security of supply chain becomes the most important. Our strategic partner Ganfeng Lithium is building the vertically integrated lithium business with International Lithium developing the potential supply of lithium.

"It was just a couple of sentences during Wednesday's 2014 earnings call by Tesla Motors executives. But in it, CEO Elon Musk apparently revealed a new line of business for the company: selling or leasing lithium-ion battery packs for home energy storage. Musk said:"We're going to unveil the Tesla home battery [indiscernible] consumer battery that will be for use in and [sic] people's houses or businesses, fairly soon. We have the design done and it should start going into production probably about six months or so. We probably got a date to have sort of product unveiling, it's probably in the next month or two. It's really great. I'm really excited about it." It remains unclear whether the "we" in Musk's statement refers to Tesla Motors, or to Solar City, but the Tesla brand might give added cachet to lithium-ion batteries offered to homeowners who already have solar panels installed."

 

International Lithium Corp. and Ganfeng Lithium Commence Work Programs on the Avalonia and Mariana Lithium Projects.

Disclosure: The author is long ILHMF, TRRXF.