Creating lithium from the Salton Sea in California might assist anchor a multi-billion-dollar home EV battery provide chain, based on a report from New Power Nexus.
The report particulars the potential to get well lithium as a by-product from the Salton Sea geothermal resource area.
“The world is in a race to dominate the EV market—the Europeans have made their Battery Alliance a precedence and the Chinese language are chomping on the bit,” mentioned New Power Nexus CEO Danny Kennedy. “However America is sitting on an unlimited aggressive benefit with the quantity of lithium in Southern California.”
Consultants estimate that the identified lithium assets within the Salton Sea might meet a couple of third of at present’s international lithium demand—and the marketplace for lithium is predicted to develop dramatically.
Governor Newsom’s recent Executive Order requiring all new vehicles offered in California to be zero-emission by 2035 highlighted the problem of lithium provide.
Recognizing the distinctive alternative Lithium Valley presents, the California State Legislature handed AB 1657, a measure which can set up a Blue Ribbon Fee on Lithium Extraction in California, and Governor Newsom signed it into legislation on September 29..
“Within the Imperial Valley, we’ve got a big alternative to faucet into the nice potential of renewable energy by growing a globally aggressive lithium business close to the Salton Sea,” mentioned Meeting member Eduardo Garcia (D-Coachella), the writer of the invoice. “This can be a likelihood to show an environmental and well being legal responsibility into an asset for all of California by stimulating financial restoration in certainly one of our most underserved areas and furthering our state’s general renewable power objectives.”
Supply: New Energy Nexus