The Elements of Innovation Discovered
The Elements of Innovation Discovered
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CTR signs MOU to purchase six geothermal power plants from Fuji Electric Corp. With the signing of a contract for $1.4 billion of geothermal power facilities built by Fuji Electric Corp. of America, Controlled Thermal Resources takes one enormous step toward its goal of producing large quantities of low-carbon lithium for electric vehicles and electricity at its Hell's Kitchen project in the Salton Sea area of Southern California. "Today marks the beginning of a clean energy...
EV executives and dignitaries from the Salton Sea to the White House joined CTR to break ground on the Lithium Valley Campus in SoCal. In a landmark event that marks the start of a clean supply of lithium to support America's clean energy transition, industry executives and political dignitaries joined Controlled Thermal Resources on the groundbreaking of the Lithium Valley Campus at its Hell's Kitchen geothermal lithium project in the Salton Sea region of Southern...
The Salton Sea geothermal reservoir in Southern California could produce up to 3.4 million metric tons of lithium, which is plenty to make batteries for enough electric vehicles to replace all cars currently on U.S. highways, according to a comprehensive analysis carried out by the U.S. Department of Energy. The analysis, funded by the Geothermal Technologies Office and conducted by DOE's Lawrence Berkeley National Laboratory, confirms the region's significant potential to...
Automaker funds will support the production of green lithium in California; CTR plans to ship first batch in 2027. To support what will be an important American supply of green lithium for the batteries that will power its growing line of electric vehicles, Stellantis has agreed to invest $100 million to advance the development of Controlled Thermal Resources' Hell's Kitchen geothermal lithium project in the Salton Sea area of Southern California. "This substantial investment...
$1 billion facility to produce battery-grade lithium for roughly 415,000 EVs annually, plus deliver 55MW of clean electricity. Crossing another major milestone on its path to producing zero-carbon lithium and electricity from geothermal brines at its Hell's Kitchen project in Southern California, Controlled Thermal Resources Holdings Inc. announced that it has engaged Aquatech as its technology partner to design and build plants that will upgrade lithium chloride recovered to...
Second US battery gigafactory to be built under a JV with Samsung SDI powers Stellantis' electric ambitions in North America. Adding to the skyrocketing demand for lithium battery materials, global automaker Stellantis and battery manufacturer Samsung SDI have agreed to build a second gigafactory in the United States. The newest facility to be constructed under the StarPlus Energy joint venture forged between the two companies last May is slated to have the capacity to...
Global automaker enters into terms with NioCorp for EV magnet rare earths from the future Elk Creek mine in Nebraska. Continuing a flurry of investments into mining projects at the front end of electric vehicle supply chains, Stellantis has entered into a preliminary agreement to buy magnet rare earths from a future mine at NioCorp Developments Ltd.'s Elk Creek critical mineral project in Nebraska. The neodymium, praseodymium, dysprosium, and terbium that Stellantis hopes to...
Global automaker signs deal to buy future cobalt and nickel from early-staged projects at historical mines in southern Norway. To help ensure that it has future supplies of the nickel and cobalt that will be needed for the electric vehicles produced by Alfa Romero, Maserati, Peugeot, and its other European brands, Stellantis has signed an offtake agreement to buy 35% of the future nickel sulfate and cobalt sulfate produced from Kuniko Ltd.'s mineral exploration projects in Nor...
Global automaker signs deal to buy EV battery metals from future mine. In a deal that shows that global automakers need more battery materials to meet their electric vehicle ambitions than is currently available, Stellantis has signed a binding offtake agreement for nickel and cobalt from a Western Australia mine that has yet to be developed and is investing directly into the junior mining company behind the development project. Under the deal, Stellantis has agreed to...
Acquires land for EV battery factory in Lithium Valley. After months of searching for the ideal locale for a gigafactory capable of producing enough lithium-ion batteries for 650,000 electric vehicles per year, Statevolt has found a 154-acre site that can plug into the low-carbon energy and lithium being produced in the Salton Sea area of Southern California. "We have worked hard to find a suitable location to accommodate our vision and keep us near to our partners," said...
In a move that demonstrates automakers need all the battery materials that can possibly be produced by the global mining sector, Stellantis has entered into a preliminary agreement to buy battery-grade nickel and cobalt from a future mine developed at GME Resources Ltd.'s NiWest project in Western Australia. NiWest is an advanced stage nickel-cobalt project that lies less than 20 miles away of Glencore's Murrin Murrin operation, the largest nickel-cobalt mine and refinery in...
General Motors, Stellantis, and Tesla moving further up battery supply chain With the batteries powering the electric vehicle revolution demanding more lithium than miners can produce, the price of this lightest metal in the universe rocketed more than 1,000% over the span of two years. This has prompted automakers such as Tesla and General Motors to become more directly involved in the mining and refining of the lithium-ion battery namesake. "Price of lithium has gone to...
To further secure supplies of sustainably produced lithium for the batteries powering the electric vehicles manufactured by Alfa Romeo, Fiat, Maserati, Opel, Peugeot, and its other European brands, Stellantis has expanded and extended its partnership with Vulcan Energy Resources Ltd., which is advancing the Zero Carbon Lithium project in Germany's Rhine River Valley. To produce the zero-carbon lithium promised by the project's name, Vulcan will draw lithium-enriched...
Another major automaker has gotten in line to purchase future supplies of low-carbon lithium that Controlled Thermal Resources Ltd. will be cooking up from geothermal brines at its Hell's Kitchen project in the Salton Sea area of Southern California. On June 2, Stellantis signed a binding offtake agreement with CTR for up to 25,000 metric tons of battery-grade lithium hydroxide per year for the batteries going into Chrysler, Dodge, Jeep, Ram, and other electric vehicles it wil...
In another deal to secure the raw materials it needs to produce enough Ultium batteries to power up to 1 million electric vehicles per year by 2025, General Motors struck a multi-year agreement to purchase cobalt from Glencore's Murrin Murrin operation in Western Australia. A rare and critical metal, cobalt plays an important role in improving the energy density and longevity of the lithium-ion batteries powering EVs. "Future facing commodities like cobalt play a pivotal role...
The University of Adelaide has launched Exterres Laboratory, the first of its kind in Australia for an off-Earth surface testing environment for space technology such as rovers – which are destined for the furthest reaches of the universe. The Extraterrestrial Environmental Simulation (Exterres) Laboratory, located on North Terrace campus, will provide a crucial stepping-stone in developing the technology required to accompany humankind back into deep space. With it, researche...
Adding to a growing list of deals to source the materials and components needed for its vision to get everybody in on its transition to an all-electric future, General Motors is working with POSCO Chemical to develop a roughly $400 million plant in Quebec to produce cathode active material for Ultium batteries that will power GM electric vehicles such as the Chevrolet Silverado EV, GMC HUMMER EV, and Cadillac LYRIQ. Planning to have the capacity to build 1 million electric...
In its race toward becoming North America's electric vehicle market leader by 2025, General Motors Co. has unveiled plans to invest roughly $7 billion in new lithium-ion battery and EV manufacturing facilities in Michigan, the single largest investment ever by the American automaker. "Today we are taking the next step in our continuous work to establish GM's EV leadership by making investments in our vertically integrated battery production in the U.S., and our North American...
In a move to help secure the lithium-ion battery metals required to achieve its aspiration of getting "Everybody in" an electric vehicle, General Motors has forged a strategic partnership with Controlled Thermal Resources Ltd. to source low-cost and environmentally responsible lithium from the Hell's Kitchen project at the Salton Sea Geothermal Field in Southern California. "Lithium is critical to battery production today and will only become more important as consumer...
Lars Carlstrom, who has already founded two companies building lithium-ion battery gigafactories in Europe, has launched a third enterprise that plans to build a 54-gigawatt-hour battery facility in Southern California that will be supplied with geothermal power and lithium from Controlled Thermal Resources' Hell's Kitchen project in Imperial Valley. Carlstrom is a pioneering industrialist in the automotive sector who founded Britishvolt, which is developing a 30 GWh battery g...
While laying out an action plan to establish the national network of electric vehicle charging stations needed to keep pace with its ambitious goal of 50% of all vehicles sold in the United States being electric by 2030, the Biden administration reiterated that domestic battery manufacturing and critical minerals supplies are key aspects of the overall EV strategy. The White House is backing up this commitment to domestic battery supply chains with roughly $20 billion in loan...
With the goal of delivering renewable energy to electrical grids by the end of 2023 and near-zero-carbon lithium for General Motors electric vehicles the following year, Controlled Thermal Resources has launched drilling at its Hell's Kitchen geothermal project in Southern California. "We are very pleased to kick start our drilling program and we are on schedule to deliver the project's first 50MW (megawatts) of baseload renewable power in late 2023 and an estimated 20,000 ton...
The lightest of all the metals in the universe, lithium has emerged as the namesake for the batteries powering electric vehicles down global highways and storing renewable energy for those EVs to plug into. This is on top of the countless laptops, tablets, smartphones, wearable electronics, power tools, household appliances, electric bikes, scooters, toys, and the seemingly endless list of electric devices made possible by lithium-ion batteries. "Lithium consumption for...
