Sir James Dyson.
Nobody is challenging Tesla with anything or racing in the "Solid State Lithium" - Bloomberg and myself are just getting your attention. People have totally forgotten how to read and that before investing and chasing Unicorns this is the first thing you have to do. Read. Read a lot and only sometimes invest. What is the real story here?
You are very lucky already if you can read and alive now, during the Next Industrial rEVolution. The World Is Just Before The INTERNET - In Energy Space. Everything else is below on the links: Why Lithium will power us for the Next 50 Years? What is Solid State Lithium and when is Lithium Air coming? And why Diesel and Petrol Cars will become obsolete in the next 15 years?
It could be all unrelated to your life pure scientific questions before you know that few billionaires are very quietly collecting more billions of dollars by disrupting $12 Trillion industries of Energy and Transportation. List is who is who in the business world: Elon Musk, Warren Buffett, Richard Branson and James Dyson.
On the link with Lithium-Air battery you can find the best videos about batteries, so that you can stop asking questions why Lithium and why it will power us for The Next Fifty Years and after that Robots. The most important questions will remain where are the Google, Apple and Facebook in this Lithium Universe?
ILC President, Kirill Klip comments "International Lithium is beginning a new phase of strategic developments through new potential acquisitions and strategic partnerships. The availability of affordable electric cars is almost here with models like GM's Bolt and Tesla's Model 3 coming into production this and next year. This will greatly increase the demand for lithium batteries in North America. Our new strategy recognizes this opportunity and we seek to meet the demand for lithium in North America's massive automotive markets. Together with Ganfeng Lithium we continue to advance our projects in Argentina and Ireland building on a vertically integrated lithium business in China, the centre of today's lithium industry where prices for the green energy metal are currently escalating. Newly formed alliances with companies like Pioneer Resources, will help us focus our expertise in recognising opportunities and building up a resource base, while minimising our capital outlay to advance the projects to build the secure supply of lithium for the North American market." Read more."
We have The Silicon Valley economics at work. Now three Trillion dollar industries are investing into research and development of Lithium Technology: Mobile Communications, Electric Cars and Energy Utility Storage. This Lithium-Air Battery has been known already for quite a while. Once it is commercialised - we will have the major breakthrough in energy density for the lithium batteries. Electric Cars will be able to go for more than 1,000 miles on a charge matching the diesel and petrol ICE cars. It is not really necessary for EVs with Tesla Superchargers network mushrooming all over the world, but it will hammer the last nail into the corrupted distortion of reality created by fossil fuels and auto industries.
And we even do not need it now to move fast forward. Next stage is LSS - Lithium Solid State Batteries like Sakti3 is developing - it was bought by Dyson this month. GM has invested in SSL with Sakti3 as well before it. I personally think that Elon Musk is working on Solid State Lithium Batteries at Tesla Gigafactory. It brings lithium battery cost down to $100 per kWh and doubles the energy density. Now lithium battery cost is around $350 per kWh at Tesla and it is going down, GM Bolt will have already $145 per kWh with LG Chem. It means that Tesla Model S 90 battery cost will be just $9k! Tesla Model 3 with 50 kWh lithium battery pack will be just $5k and range over 200 miles. Elon Musk is talking now about Models S and X with range over 500 miles in 2 years! All it means that we are approaching very fast the mass market stage for EVs.
Below is the best video presentation on the batteries for the future. All your questions are answered including: Why Lithium? Read more."
Dyson, the U.K. producer of innovative vacuum cleaners and hand dryers, will spend 1 billion pounds ($1.44 billion) on battery development over the next five years as it increases its efforts to expand into new sectors.
It follows a 2015 acquisition of Satki3, a U.S. maker of solid-state lithium-ion batteries, for $90 million. Dyson Ltd. had previously invested $15 million in the Michigan firm, which said it has found a way to produce batteries with twice the energy storage potential of standard lithium-ion models, at a half to a third of the cost.
Dyson's battery efforts also received a lift from the U.K.'s 2016 budget, announced last week. As part of the package, the British government awarded Dyson a 16-million-pound grant to undertake research on longer-lasting batteries. The grant came from a regional development fund.
Batteries are a key component in Dyson's cordless vacuum cleaners, a category that grew 66 percent globally in 2015 and in which Dyson currently holds about a 25 percent share of the market, the company said in an e-mailed statement.
While the immediate application for new batteries would probably be in Dyson's existing cordless products, they have potential uses in everything from electric cars to tablet computers. In moving into the battery field, Dyson is taking on the likes of Elon Musk's Tesla Motors, which is also developing advanced cells to power vehicles and home appliances.
Dyson's announcement of its major investment into batteries came as the company reported strong sales and profit growth for 2015, with revenues of 1.7 billion pounds, a 26 percent increase on the prior year. Profits were up 19 percent to 448 million pounds.
In addition to cordless cleaning products, the company's sale of air purifiers and humidifiers was a strong driver of growth, with sales increasing 35 percent globally, driven by strong demand in Asia, the company said.
The company said it expected to spend 100 million pounds over the next three years to acquire external technologies. This is in addition to the 5 million pounds a week it plans to spend on internal research and development."
Disclosure: I am/we are long TRRXF, ILHMF.