ULTRA LITHIUM INC. — TSX.V-ULT
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Blog - Latest News
battery cost

Battery Cost Sends Grid Storage into Boom

August 11, 2019/in In the News/by Gray Leigh

Falling Battery Cost Fast-Tracks Li-Ion Grid Storage

Regrettably, most developed countries still struggle to ween themselves off fossil fuels. However, falling Li-Ion battery cost has made a sustainable alternative more viable. Today, grid storage technology is taking off.

READ: New Tesla Battery A Game Changer

Essentially, this is the process of storing wind or solar power in lithium-ion batteries. Over 2 million New Delhi residents already get their power this way.

Consequently, the United States has taken notice. The country is set to lead the global push toward widespread grid storage adoption.

battery cost

Money Makes the World Go Green

However, this is primarily because of a falling Li-Ion battery cost. Indeed, lithium itself is still in short supply.

Nevertheless, technological advances have changed things. Evidently, the global clean energy push has flowed billions into Li-Ion R&D.

Automakers, in particular, continue to leverage government subsidies in the hopes of creating electric vehicle patents that give themselves an edge. After all, most of the world’s car manufacturers are focused on rolling out electric car fleets.

Powering Communities

battery costIn total, lithium-ion battery cost reduced by 85% from 2010-2018. As a result, companies like Tesla benefitted. The global EV leader recently announced the world’s (supposedly) best grid storage battery.

The Megapack is easy to install and is 60% denser than competitors.

Ultimately, innovations like this (along with a falling Li-Ion battery price) will see entire cities powered by grid energy storage in the near future.

 

 

 

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Porsche Taycan Wildly Popular

Global Lithium Market for Batteries to Double

Ultra Lithium Inc. A team of lithium experts with a finger on the pulse of clean energy news, Ultra Lithium is a lithium exploration company with holdings in Argentina, Canada and the US (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).

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LATEST NEWS

  • Ultra Lithium Sells Laguna Verde for Share Stake in Power MineralsMay 17, 2023 - 5:00 am
  • Ultra Lithium Cuts 1.81 Percent Lithium Oxide Over 10 Meters in Channel Samples at the Forgan Lake Lithium Property Northwestern OntarioMarch 3, 2023 - 10:16 am
  • Ultra Lithium Invites Shareholders and Investment Community to Visit Booth #2353 at PDAC 2023 Toronto, March 5-8, 2023March 2, 2023 - 6:00 am
  • Ultra Lithium Assays Up To 417 PPM Lithium in Drill Hole at the Laguna Verde Brine Lithium Project in ArgentinaFebruary 28, 2023 - 4:30 am
  • Ultra Lithium Intersects 2.68 Percent Lithium Oxide at The Forgan Lake Lithium Property in Northern Ontario, CanadaFebruary 8, 2023 - 5:00 am

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Ultra Resources Inc.
1120 – 789 West Pender St.
Vancouver BC V6C 1H2
Canada

Kiki Smith, CPA, CGA
Chief Financial Officer
E: [email address protected by javascript]
T: +1-778-968-1176

Afzaal Pirzada, M.Sc.(Geo), P.Geo.
Vice President, Exploration
E: [email address protected by javascript]
T: +1-778-558-4940

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