The world’s lithium battery-making capacity will more than triple from 175 gigawatt hours to 630GwH by 2022 says a top expert.
Gigawatts are a measure of energy output, one gigawatt hour is the equivalent of generating 1 billion watts for an hour.
“That’s not a forecast from us,” Bloomberg New Energy Finance analyst Logan Goldie-Scot told a conference in Perth on Monday.
“That’s purely based on announcements from different battery manufacturers on the size of their new plants, and when they expect to commission them,” he said.
European Metals Holding (LON:EMH) are an Australian and UK listed mineral exploration and development company advancing the Cinovec Lithium / Tin Project in Czech Republic.