There is a developing discussion that we all need to develop back way better from Coronavirus. Rather than shoring up the former economy as we did back in 2008 after a financial downfall, we require to come up with an investment plan, which will put Canada’s economy in a better place.
The future energy grid will be different from the current one, and the next system is just around the corner. Current energy possessions can help install and inaugurate the most needed new firms for a low carbon emission future.
Alberta contains plenty of Lithium that the world needs
According to research, about billion of metals will be needed to produce pure energy in the next three decades. Among the metals is Lithium, which is crucial to the production of battery electric vehicles (BEV). The metal is light in weight, and it is a good conductor of electricity. As international car manufacturers come up with different models of vehicles, especially the BEVs, there will be a triple demand for Lithium by the time 2025 is here with us.
Most Lithium emanates from salt flats or hard rocks in South America and Australia. The oil fields of Alberta contain plenty of deposits of Lithium in the subsurface of brine, but, in the past years, we have perceived Lithium as waste material from industries. The system is ready to take another step as new manufacturing technologies and increased concerns of global suppliers take the front line.
Joint Action Plan on Fundamental Minerals was completed in January by Canada and the U.S, and the strategy ensures that there is enough security for essential minerals like Lithium as well as bringing home supply units.
Canada and Alberta have a great opportunity lying before their eyes. Just like the oil that existed before Lithium, it will also be manufactured. The source of Lithium has been used to drive the economy of Alberta and its developed transport sector for years. Currently, the province has comprehensive geological information, plenty of infrastructures such as power lines, roads, power grids, and well sites. The good thing about Alberta is that it has well-trained workers. Just a little optimization and the province could produce notable masses of Lithium.
Those planning to become Lithium manufacturers are yearning to have the government back in reconsideration of had and oil wells that stopped functioning. The government-funded $1 billion to clean up the dry Alberta wells, and this could help in changing environmental liabilities to use clean energy properties.
It is the best opportunity for Alberta and Canada to grasp plenty of economic opportunities for a clean energy future.