Battery technology is currently undergoing a revolution that could result in the development of much more energy-dense electric vehicle batteries and spur EV adoption. Lithium-tellurium batteries just may be the spark the battery industry needs to boost battery efficiency without increasing costs or harming the environment, thanks to their high energy density, low cost and long cycle life.
As the world transitions from fossil fuels to renewable energy, it will have to significantly expand its stationary battery storage capabilities. This will call for the development of newer battery technologies that can hold more power for longer to store renewable energy generated during peak generation hours while minimizing the environmental impact of battery metal mining.
Lithium-tellurium batteries just may be the spark the battery industry needs to boost battery efficiency without increasing costs or harming the environment, thanks to their high energy density, low cost and long cycle life.
For green technologies like electric vehicles and stationary power storage solutions, energy density may be the most important factor. Electric cars draw 100% of their energy from battery packs, meaning more energy-dense batteries will allow EVs to run for far longer on a single charge and help to alleviate range anxiety.
Range anxiety coupled with poor public electric vehicle charging infrastructure is a major barrier to electric vehicle adoption. Although it will take the United States a while to build a sufficient network of reliable public EV chargers, adopting more energy-dense EV battery chemistries in the interim will help to alleviate range anxiety. The average tellurium-lithium battery can hold five times more energy than conventional lithium-ion batteries, allowing for much higher ranges in electric cars or longer-lasting energy supplies for electronic appliances like phones and laptops.
Tellurium-lithium batteries also have a longer life cycle life, meaning they can charge and discharge energy more times before they start to degrade. Studies show that tellurium batteries can retain more than 80% of their original range after thousands of charge-discharge cycles, indicating that they could be quite effective as long-term energy storage solutions.
Their long cycle life also means that tellurium-lithium batteries will remain in circulation for a lot longer even after their primary applications, reducing the amount of battery waste and limiting the battery industry’s environmental impact.
Finally, and perhaps most importantly, is the low cost of tellurium compared to other battery materials. Unlike battery metals such as cobalt and nickel, which are relatively scarce, there is an abundance of low-cost tellurium as it is a byproduct of copper refining.
The availability of cheap and abundant tellurium could lower the cost of developing electric vehicle batteries, make EVs more affordable, and allow for cheaper but more effective energy-storage solutions.
Tellurium extraction enterprises such as First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) are focusing on making available sufficient supplies of this mineral so that the energy revolution can proceed unabated around the world.
NOTE TO INVESTORS: The latest news and updates relating to First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) are available in the company’s newsroom at https://ibn.fm/FSTTF
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