According to the World Energy Outlook 2024, global electricity generation from renewable energies amounted to around 9,029 terawatt hours in 2023, five percent more than in the previous year. Almost half of this came from hydropower. Capacities in the solar and wind energy sectors have also been growing strongly for years. In solar energy alone, global installed capacity increased forty-fold between 2010 and 2023. In Germany, too, renewable energies are increasing from year to year. In 2024, Germany reached a new record with a 62.8 percent share of renewable energies. Power generation from coal continues to decline sharply. This increases the demand for storage capacity. This is because wind and solar power fluctuate. Photovoltaic systems in private households are therefore usually installed together with a home storage system.
Technologies are advancing in the field of electric vehicles and renewable energies. Many new developments are improving and facilitating the transition to a low-CO2 future. For example, a German car manufacturer (Mercedes) has now developed a type of solar paint. This could greatly extend the range of electric vehicles. The electricity would be fed into the vehicle's electrical system or used to charge the battery. In optimal lighting conditions, an electric car with solar paint could cover up to 12,000 kilometers per year. The range anxiety would thus be a thing of the past. The car manufacturer has not yet commented on when or whether the paint technology can be used. The majority of electric vehicles are still powered by high-performance lithium-ion batteries. The fact is that the demand for storage capacity is increasing. Battery metals such as lithium should therefore continue to be in high demand.
Lithium owns Century Lithium - https://www.commodity-tv.com/ondemand/companies/profil/century-lithium-corp/ - in its Angel Island project in Nevada. The pilot plant there is already supplying lithium carbonate with a purity of 99.5 percent.
Green Bridge Metals - https://www.commodity-tv.com/ondemand/companies/profil/green-bridge-metals-corp/ - has focused on battery raw materials, including nickel. The projects are located in Ontario and Manitoba.
Current company information and press releases from Century Lithium (- www.resource-capital.ch/en/companies/century-lithium-corp/ -) and Green Bridge Metals (- www.resource-capital.ch/en/companies/green-bridge-metals-corp/ -).
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