En+ Group Limited has announced plans to invest in research to replace lithium-ion batteries. Lithium-ion batteries are used to store power from wind farms and solar parks. The research is focused on sodium-ion and aluminum graphene-ion energy storage systems. En+ Group is an international company with businesses in metals, mining, energy and logistics. The company is headquartered in Moscow, Russia.
Lithium-ion batteries are used in cellphones, electric vehicles, and power storage. The price for lithium has increased almost 400% over the past three years. The production of lithium is projected to quadruple over the next ten years because of the growing demand for batteries.
Aluminum graphene-ion energy storage systems are thought to be best suited for electric vehicles and cellphones Sodium-based energy systems are thought to be best suited to store power from wind farms and solar parks. En+ Group anticipates the prototype battery systems will be ready for testing before the end of the year (2018).
In my opinion, this is encouraging news. Advances in battery technology are critical for the advancement in electric vehicles. Electric vehicles will become more popular than combustion engine when battery driving distances can be increased and recharging times can be shortened. In my opinion, the move to electric vehicles in the United States will occur sooner and more rapidly than most will anticipate.