Wednesday, September 19, 2018

"Why lithium-ion may rule batteries for a long time to come"

You won't find many of the battery "breakthroughs" on Climateer Investing. 
So many new chemistries or manufacturing techniques look good in a lab and just don't scale.

We could post a breakthrough every single day to no greater effect than wasting the reader's time.
If we see something that might be profitable we'll probably post it, a recent example is turning positive on lithium producer Albemarle after being in thrall to cobalt for twenty-four months.

From MIT's Technology Review:

Materials scientist Gerd Ceder is overseeing a research effort to extend the capabilities of the dominant form of energy storage, using a new class of compounds.
The US Department of Energy is launching a major research effort to develop a new generation of lithium-ion batteries largely free of cobalt, a rare and expensive metal delivered through an increasingly troubling supply chain.

The three-year program, part of a broader effort to accelerate advanced vehicle technologies, could eventually lead to cheaper, longer-lasting consumer gadgets, electric cars, and grid storage.
Materials scientist Gerd Ceder is overseeing one project under the research program at Lawrence Berkeley National Lab, aimed at developing “disordered rock salts” as an alternative material for cathodes, the positive electrode in a rechargeable cell. Typically, the cathodes in lithium-ion batteries require cobalt to create and retain a layered structure in the electrode, which allows lithium ions to easily flow through it. But several years ago, Ceder and his colleagues found that this new class of materials could store more lithium, potentially boosting energy density while avoiding the need for cobalt entirely (see “Disordered materials hold promise for better batteries”).

The Lawrence Berkeley project as well as two at Argonne National Laboratory together received $12.5 million from the DOE's Vehicle Technologies Office.

In an interview with MIT Technology Review, Ceder discussed the challenges to ensure that the new materials work as a “drop-in” alternative for battery manufacturing, the reasons lithium-ion technology will continue to dominate storage for a long time to come—and why it takes so long for any battery advance to reach the marketplace.

This interview has been edited for space and clarity.

What are the next steps in the development of this new class of compounds?
It’s been something like four years now since the initial discovery of the concept, and there’s more than a dozen compounds in this category that have already shown promising features. So that’s the discovery phase, where everyone goes and tries all kinds of different chemistries, like Lewis and Clark exploring.

The next step is we’re going to take some of these materials that look promising and see if we can solve all the small problems that have to be solved before we can actually make a commercial product.

The charge-discharge rate capability has to be good. Cycle life, which sets the lifetime of the battery, has to be improved.

And then people learn to do all kinds of processing tricks and surface treatments, and that’s how batteries get better and better.
But I would say some of these materials are going to go to the next stage. It’s probably one of our best bets these days for higher-energy-density cathode materials.

Why does it take so long to see any lab advances in storage actually make it to the marketplace?
For anything to make it into a commercial product is a long slog, even if you make the discovery faster. It’s just a very long road to materials optimization, testing, customer acceptance, all of these things. To the point that even if I had something that worked perfectly in the lab today, you would probably have a six-to-10-year slog.

Somebody has to scale it up. They have to test it. Then they have to pass it on to a battery maker, cell maker, who will spend two years testing it and then, if they finally like it, they may make a small product out of it—something that goes to a niche market, because they don’t want to take market risks with new products.

A few years ago you said that solid-state batteries are “almost a perfect battery.” What do you think today?

I’m still optimistic that they are a real game-changer. And I think that the ultimate product could be so good, and that justifies, I think, the effort and the push toward it. It could start to look like the ideal battery.

Having said that, of course, in the years since then we and other people have discovered all the issues with it that have to be solved. So I still think it is one of the most promising things for energy storage right now. But there are quite a lot of issues that have to be resolved.
These solid-state electrolytes are often not stable. And nobody’s actually even come up with a great way of manufacturing solid-state batteries.

You can make them in the lab, and companies can even make a prototype, but that just proves you can do it. It doesn’t prove you can do it economically.

A lot of these are engineering challenges, and I have this sort of philosophy that engineering challenges get solved with money. Scientific problems are in a much different category. It’s hard to put a time line on invention.

But I’m confident it will happen.

Another area where we’ve seen some notable investments this year is grid storage. What research paths do you think are promising there?
...MUCH MORE

On the cobalt trade, if interested use the 'search blog' box, top left.
On Albemarle:
August 30 
"Inside Albemarle's quest to reinvent the lithium market" (ALB)
We've been posting on lithium for over a decade, but when given the choice in 2016 between touting lithium or cobalt, went with the latter, which then became the top performing tradable commodity 2016-2018.
All good things come to an end, we moved on to ruthenium, and haven't had much on either of the battery elements.
$95.42 down 1.30 [-1.34%].
September 5,
"Lithium producer Albemarle eyes buying rival if IPO stumbles -source" (ALB)
ALB $96.38 down 0.19 (-0.20%)
I don't know if this acquisition would tie in to Albemarle's efforts to move up the value chain but the stock seems to have bottomed with those $88 - 90 prints back in early April:


ALB Albemarle Corporation daily Stock Chart


Today, $105.68, up $2.62 (+2.54%). Looking for a move through the triple top resistance and a further move to the bottom of the January gap-down before things get dicey.