INN has put together its five top cleantech news stories for 2016. Scroll down to see what gained the most reads.
To kick us off, CEO Sankar Das Gupta of Electrovaya (TSX:EFL) gave an interview to Investing News, profiling his company’s dealings in lithium ion batteries. These batteries fill in the gaps that other clean technologies can’t reach; Das Gupta talks of them as “solar in the night, wind on a calm day.”
At the beginning of 2016, we ran through ten companies from Canada, drawn from the Canadian Innovation Exchange’s list. This list featured CoPower, Hydrostor, Morgan Solar, Nanoleaf, Neurio Technology, Nexterra Systems, Nsolv, Opus One Solutions, Questor Technology and SWITCH Materials.
To more lithium now, and Cosmin Laslau of Lux Research talked about the role of lithium ion batteries in the EV revolution. Laslau predicts that by the mid-2020s, new batteries will be emerging. Meanwhile, he mulls over the way to manufacture lithium ion batteries less expensively.
Investors are certainly looking at the lithium space as the one to invest in. In a follow-up interview with Sankar Das Gupta, we looked at the bigger picture. Electric cars are running on lithium ion batteries as well as mobile phones from Samsung (OTCMKTS:SSNLF).
Lithium ion batteries are undoubtedly having a moment, helped by demand from EVs, like Tesla’s luxury vehicles. Nano One Materials (TSXV:NNO) are trying to work on the price, which, despite significant growth in the sector, is limiting their potential distribution. They are helping environmentally conscious cars to become more competitive on the market.
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Securities Disclosure: I, Emma Harwood, hold no direct investment interest in any company mentioned in this article.