04-13-2015, 07:58 AM
From civilbeat.com
If power plant on Big Island were to start extracting valuable minerals like lithium on state-owned land, royalty payments should increase.
Last year, Tesla Motors, the maker of all-electric luxury sedans, revealed its plan to open a $5 billion battery factory, the world’s largest. The idea is to mass-produce the lithium-ion batteries it needs to reach its goal of making 500,000 electric cars a year by 2020.
To make it work, the company has to find enough lithium, the lightest of all metals found on earth and the hidden power behind modern gadgets, like cellphones, laptops and a new generation of electric cars.
The trouble is, there’s nowhere near enough battery-grade lithium currently being mined to meet the sudden demand, and it’s spurring a race to find new sources in the remotest corners of the world, from the wilds of northern Tibet to distant salt plains in South America.
But the solution could come from an unlikely source: geothermal power plants, including the one operating on the Big Island...
More at:
http://www.civilbeat.com/2015/04/could-h...or-public/
If power plant on Big Island were to start extracting valuable minerals like lithium on state-owned land, royalty payments should increase.
Last year, Tesla Motors, the maker of all-electric luxury sedans, revealed its plan to open a $5 billion battery factory, the world’s largest. The idea is to mass-produce the lithium-ion batteries it needs to reach its goal of making 500,000 electric cars a year by 2020.
To make it work, the company has to find enough lithium, the lightest of all metals found on earth and the hidden power behind modern gadgets, like cellphones, laptops and a new generation of electric cars.
The trouble is, there’s nowhere near enough battery-grade lithium currently being mined to meet the sudden demand, and it’s spurring a race to find new sources in the remotest corners of the world, from the wilds of northern Tibet to distant salt plains in South America.
But the solution could come from an unlikely source: geothermal power plants, including the one operating on the Big Island...
More at:
http://www.civilbeat.com/2015/04/could-h...or-public/