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GLOBAL MARKET The global market for lithium metal and key lithium compounds used in rechargeable batteries, including lithium carbonate and lithium hydroxide, is changing rapidly. Prices for these commodities have surged from Jan 2021 to May 2022; the price of lithium metal and lithium carbonate have increased approximately 547% and 781% respectively from Jan 2021 to May 2022 (Investing.com 2022) (Figure 30). Global supply is currently not keeping up with rapidly increasing demand, which is driven by electric vehicle adoption and has accelerated due to a sharp increase in oil prices. While lithium has other industrial and medical applications, the electric vehicle market accounts for nearly 80% of global lithium demand (Saefong 2022). The surge in prices has created enormous incentives to bring new lithium supplies to market, including marginal sources that were previously not economically viable, but development of new lithium projects may take a decade or more depending on the project. Furthermore, 80000 70000 60000 50000 40000 30000 20000 10000 0 Figure 30. Lithium Carbonate prices on Chinese market (Source: investing.com) Economic Analysis Panamint Valley. Photo © Adam Reeder, used under Attribution-NonCommercial 2.0 Generic (CC BY-NC 2.0) license LITHIUM CARBONATE, CHINESE MARKET ($ PER TON) Potential Lithium Extraction in the United States: Environmental, Economic, and Policy Implications 43 AUGUST 2022PDF Image | Potential Lithium Extraction in the United States
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Product and Development Focus for Infinity Turbine
ORC Waste Heat Turbine and ORC System Build Plans: All turbine plans are $10,000 each. This allows you to build a system and then consider licensing for production after you have completed and tested a unit.Redox Flow Battery Technology: With the advent of the new USA tax credits for producing and selling batteries ($35/kW) we are focussing on a simple flow battery using shipping containers as the modular electrolyte storage units with tax credits up to $140,000 per system. Our main focus is on the salt battery. This battery can be used for both thermal and electrical storage applications. We call it the Cogeneration Battery or Cogen Battery. One project is converting salt (brine) based water conditioners to simultaneously produce power. In addition, there are many opportunities to extract Lithium from brine (salt lakes, groundwater, and producer water).Salt water or brine are huge sources for lithium. Most of the worlds lithium is acquired from a brine source. It's even in seawater in a low concentration. Brine is also a byproduct of huge powerplants, which can now use that as an electrolyte and a huge flow battery (which allows storage at the source).We welcome any business and equipment inquiries, as well as licensing our turbines for manufacturing.| CONTACT TEL: 608-238-6001 Email: greg@infinityturbine.com | RSS | AMP |