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Figure 34. Years worth of state GDP by state (in billions $US). Lithium prices also vary across projects based on a number of factors including lithium product, lithium content and quality, and the price negotiated in long- term contracts (S&P Global Market Intelligence, 2022). Tax incentives and royalties due to the government can also dramatically affect the profitability of individual projects. Therefore, it is difficult to generalize across the economics of individual lithium operations. Ultimately, the decision to pursue a given project is made based on the factors outlined above in conjunction with assumptions such as the average price of lithium over the life of the project, the productivity of the operation at different stages, and the discount rate applied. LOCAL ECONOMIC IMPACTS New lithium extraction projects will provide benefits to local economies but there are significant questions about the magnitude of those impacts, how broadly the benefits will be distributed, and what policy measures may be needed to balance economic and environmental factors and ensure equitable outcomes for local communities. Potential economic benefits from investment and ongoing operations at lithium extraction and processing facilities would include increases in direct and indirect expenditure in the local economy, the creation of jobs that are likely well-paid relative to average local wages, and increases in local tax revenue. The lithium extraction sites considered in this report are predominantly located in rural areas at least an hour’s drive from major metropolitan areas. Such areas typically have lower tax bases and fewer employment opportunities than urban areas. For that reason, the potential local economic impact is likely to be high and there may be intense lobbying for approval of projects by federal, state, and local governments. For example, the Salton Sea lies in Imperial and Riverside Counties of California, which in terms of per capita income rank 54th Potential Lithium Extraction in the United States: Environmental, Economic, and Policy Implications 47 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 |