09 Jul '18, 6pm

Lilac Solutions Aims to Get Battery Costs Below $80 per Kilowatt-Hour

Lilac Solutions Aims to Get Battery Costs Below $80 per Kilowatt-Hour

The surging electric vehicle market is driving the lithium industry into volatility as it confronts unprecedented demand growth. Pricing for the battery essential lithium has tripled from $5,000 per ton to up to $15,000 per ton as industry players jockey for mining resources and capital. Lithium now accounts for about 10 percent of the cost of making a battery cell, according to David Snydacker, CEO of lithium extraction startup Lilac Solutions. Global battery-making capacity is set to double by 2021 to more than 278 gigawatt-hours per year, according to Bloomberg New Energy Finance. Global demand for lithium is expected to quadruple by 2025. EVs have surpassed consumer electronics as the biggest users of lithium-ion batteries, according to consulting firm Avicenne Energy . It's obvious that the battery industry is going to need a lot more lithium, sourced from either the ...

Full article: https://www.greentechmedia.com/articles/read/lilac-soluti...

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