NEW PLASTIC BATTERY WILL DISRUPT THE WHOLE INDUSTRY
00:34 The Problem
00:58 Energy Curtailment
01:28 Lithium Prices
02:13 The Solution
02:35 How It Works
03:24 Safer Cell
04:03 The Catch
04:46 Cheaper Cell
06:22 Fonterra Trial Run
A battery that doesn't need any metal whatsoever, is made of upto 99% recyclable materials and best of all is almost 10 times cheaper than traditional lithium ion batteries. Sounds impossible? Well Polyjule just made it possible with the release of their latest plastic battery. Yes you heard that right. A plastic battery. Did I mention it’s great for the environment too?
How does it work? What is it made of and most importantly how is it good for the environment if we’re actively trying to get rid of plastics?
Curious to find out? Well let’s dive in
A future with 100% green energy isn’t impossible. In fact we actually have way more green energy than we need right now and given the right infrastructure we could theoretically one day have nothing but green energy. The only problem is that green energy is in most cases intermittent. You can’t really rely on solar panels or wind farms. What if energy demand goes up on a cloudy day or maybe the wind just stops blowing for a while?
The only way to counter that is to store the excess energy in huge battery energy storage systems or BESSs. Most of these battery energy storage systems are made of lithium and lithium has issues. The biggest of them being the supply chain. Put simply the world just doesn't have enough lithium. Even now when the world hasn’t actively started shifting towards a green energy battery storage system which would consume an unbelievable amount of lithium, we’re still going through Lithium sourcing issues.
Lithium prices have skyrocketed in recent years, going up a jaw-dropping 485 percent year over year according to s and p Global just last year and while EV prices are still lagging behind this surge they will go up. The IEA says the world could face lithium shortages by 2025.