2. Time to build a domestic critical minerals supply chain

Explosive growth of energy storage technology is dramatically increasing demand for critical minerals, whose supply chains are largely controlled by the Chinese government.
What’s clear: Building a domestic critical mineral supply chain will require significant support for financing, permitting, and building new projects. Solutions include:
- Federal innovation investments led by DOE;
- Private sector innovation from companies such as Lithium Americas … Standard Lithium … Piedmont Lithium … Controlled Thermal Resources (CTR) … Redwood Materials and Lilac Solutions; and
- Streamlined permitting.
Plug in: In 2021, worldwide energy storage deployments are expected to triple compared to last year, according to a new report from Wood Mackenzie.
Read more from ClearPath’s Alex Fitzsimmons
|