Tag: Lithium Batteries
Tesla wins energy storage contract with California utility
Tesla system will hold electricity to power 2,500 homes Sept 15 (Reuters) – Tesla Motors Inc said on Thursday it won a contract to provide a 20-megawatt energy storage system at a substation owned by California utility Southern California Edison Co. The deal is part of Tesla’s effort to expand its business beyond electric vehicles into supplying […]
Electric vehicles to power cobalt revival
Cobalt a key component of lithium-ion batteries By Pratima Desai LONDON, June 8 (Reuters) – Cobalt prices may be on the threshold of a major revival due to flourishing demand for the mineral, a key component of lithium-ion batteries used in electric cars. Prices are expected to rise 45 percent to above $16 a pound by […]
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