The Limits of Lithium Battery Production
MOUNTAIN VIEW, Calif. — The multi-billion dollar battery industry is poised for huge growth. But lithium ion, today's fast rising technology, faces significant limits and a race is on to find better chemistries. That was the conclusion of a panel of experts at a Silicon Valley gathering of investors Tuesday evening (April 13) sponsored by Silicom Ventures.
Lithium ion makes up about $10 billion of the $50 billion worldwide market for batteries today, but "every link in the whole value chain needs to scale up by three orders of magnitude," said Mark Platshon, a partner with VantagePoint Venture Partners (San Bruno, Calif.) that has investments in electric vehicle maker Tesla Motors, battery recycler Better Place and other battery companies.
"Given adoption in everything from consumer electronics to hybrid electric vehicles, we will need to grow production of lithium ion batteries a thousand fold, and not many $10 billion industries will grow a thousand times bigger," Platshon said.
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