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By Alex Koyfman, EnergyandCapital.com
Last week, I wrote to you about how lithium batteries are likely going to stick around for a while despite all the supposed moves being made to depart from the standard.
In fact, There are two lithium-based lithium-ion alternatives currently being researched at 2 major American universities that have shown promise to radically cut charge time and increase battery life.
Today, I’m writing with another example of just how universal the lithium solution is to, well, the lithium problem.
Earlier this week, researchers at the Chung-Ang University in South Korea announced that they had a breakthrough in charge speed and longevity by making precise modifications to a lithium-ion battery’s electrolyte.
The electrolyte is the solution which separates the electrodes, and is also the location of where most catastrophic battery failures take place.
Overheating, swelling, casing failure and fire are all common symptoms of a failing electrolyte, with all lithium ion batteries exhibiting one or more with advancing age.
Another side effect of repeated use is the decline in charge capacity, an unpleasant reality which anybody who’s owned a wireless device for more than a few years can attest to.
Performance Decay… Vanquished.
Research at the Seoul-based university succeeded in addressing all three of these design flaws.
Laboratory tests on a 1.2-Ah pouch cell implementing this modified electrolyte demonstrated that the battery could retain three times more capacity over 200 cycles over current standards.
In addition to longevity, which has been the bane of EV owners since the very start of the EV revolution, these batteries promise to charge much faster, and also alleviate fire risks associated with traditional liquid-organic electrolyte solutions.
Put that all into a single package and what you get is enough to alter the course of the entire automotive market.
Getting charge times down from the 20-30 minute range to the 5-10 minute range, which is what most of these lithium-powered lithium-ion alternative next generation batteries are going to feature, would break down some of the final walls of resistence for potentially millions of would-be EV buyers.
At which point the choice to go electric will become a virtual no-brainer for at least 90% of the car-owning public.
From Internal Combustion to Electrons
But here’s the thing, all of these lithium-ion successors are still themselves lithium powered.
Which means the bull case for lithium, largely predicated on a healthy and growing lithium-powered EV market, remains intact.
And you can see that fact illustrated pretty concisely in the chart below. Demand for lithium is going up while supply growth is lagging.
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