Alternet Systems (USOTC: ALYI)
Alternet Systems Has Entered The Lithium Sector To Commercialize Innovations Designed To Improve Upon Current Lithium Technologies
The emergence of the Electric Vehicle and Energy Storage markets is being driven by a social interest in reducing carbon emissions and corresponding global regulatory reforms intended to curb carbon emissions. According to research from Deutsch Bank, battery consumption worldwide is expected to increase 5x over the next 10 years, placing substantial pressure on the battery supply chain. The same report indicates that lithium demand will increase from 181kt Lithium Carbonate Equivalent (LCE) in 2015 to 535kt LCE by 2025.
The news is full of stories about the rising demand for lithium. The ever increasing use of personal electronic devices using lithium ion batteries alone is driving an exponential increase in demand for lithium. Add to the increasing demand the now daily siting of one or more Teslas (NASDAQ: TSLA) on your ordinary commute to work, compounded further by Tesla’s opening of its Gigafactory, and it’s clear the current supply of lithium is dramatically insufficient to serve existing demand.
As if that were not enough, California is bringing three massive lithium battery facilities on line for storing electricity to be dispersed on the network during peak demand periods. The US Department of Defense is also seeking lithium solutions for the vast array of computer electronics integrated into high tech weapon systems.
Goldman Sachs has called lithium the “new gasoline.” Remember the history of kerosene coming into fashion for lighting houses and the later rise of gasoline for fueling cars. Entrepreneurs like Rockefeller built fortunes that maintain a prominent foot print today over 100 years later by becoming early movers in a then fledging industry for harvesting oil and refining it into usable kerosene and gasoline. The famously rich and iconic Howard Hughes fortune was built on inventing and producing tools for the oil exploration and drilling industry.
Alternet Systems has entered the lithium sector by acquiring a company, Lithium IP Holdings, that has a portfolio of lithium technology patents. Now the expert management team, with decades of experience and a vast network of government and industry contacts, will endeavor to develop partnerships with prominent businesses and agencies to commercialize its portfolio of lithium technologies while at the same time continuing to expand the existing portfolio.