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Elon Musk Revealed How Salt Water Batteries Could Challenge Lithium!
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Elon Musk Revealed How Salt Water Batteries Could Challenge Lithium!
Recently, there have been 2 US companies, namely Salgenx and ESS, that have developed new battery products with saltwater as the key ingredients.
In fact, water is the cheapest material on Earth, available everywhere and accounts for more than 70% of the Earth's surface. This contrasts with the scarcity and instability of raw materials for the production of lithium batteries which is in a state of alarm worldwide due to the shortage of supply to serve our huge demand today.
As you know, the global battery market size of the new battery was registered at a CAGR of 24.14% during the forecast period 2022 to 2030 which is nearly 1.5 times higher than lithium-ion batteries which were projected to expand at more than 16.5%. This demonstrates how quickly these new batteries are evolving and they will soon replace lithium ion batteries as the industry leader in energy storage entirely.
So how does this new battery outperform others? And when will it replace traditional lithium batteries?
Let’s find out in today’s episode of Tesla Car World!
But before we begin, make sure you subscribe if you haven’t already and ring the bell so you’ll never miss out on future updates from our channel.
Now that we’ve taken care of all that, let’s get started on today’s episode!
To start today’s episode off, let’s talk about what are salt water batteries.
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