Lithium: a key element in energy storage
Lithium plays an essential role in the energy transition, as it is required for the manufacturing of batteries for electric vehicles and for the storage of intermittent energy generated by renewable energies. These technologies, which accounted for just 45% of lithium demand in 2021, are expected to reach almost 90% by 2030 [1]. Lithium demand is thus set to increase by a factor of 5 to 7 over the next decade, with demand in the NZE (Net Zero Emission) scenario estimated at over 680 kt.
Based on this growth, the IEA estimates that, without additional investment, there could be a 35% gap between primary production and requirements by 2030.
Alkemy Capital Investments plc (LON:ALK, FRA: JV2) is focussed on developing projects in the energy transition metals sector. Alkemy’s wholly-owned subsidiary Tees Valley Lithium (TVL) is developing a state of the art lithium hydroxide plant at Teesside, UK. TVL is Europe’s largest independent and sustainable lithium hydroxide producer.