4 ms·

>I've found a way wow. If you're not bullshitting, and your method is scalable,reliable,and cost-effective congratulations on changing the world.

• scythe 10y ago
  It's worth pointing out that "cost-effective" in a competitive market is actually a pretty high bar. For context, lithium can be reliably extracted from seawater, with more available than humans could dream of using. To do so costs about $30/lb, which certainly isn't breaking the bank if you're using it for a car battery. Trouble is, the market price for lithium is closer to $5/lb, so good luck selling any. (Prices in this post are examples, and from memory)
  • manicdee 10y ago
    So six times the price is not going to break the bank? Sure, aganst ten times the value of other msterials per weight of battery, it's not a bank breaker, but what is that price compared to the profit margin? If the margin on a $100 cell is $15, and the value of lithium in the cell is $5, you've broken the bank by costing the entire margin and then some.
    • hueving 10y ago
      So right now lithium is at $5/lb. Let's say you have an incredible breakthrough and reduce it to $1/lb. The cost of that battery now becomes $96 with the same profit margin. I don't think that really falls into the category of "changing the world", at least in the sense of it revolutionizing the battery industry.