Hydro-Québec Shares Lithium Licensing

The McGill Daily reported that Hydro-Québec and Technifin will share their lithium licensing to advance battery technology.

As quoted in the market news:

The agreement was reached in an effort to encourage the commercialization of their lithium titanate spinel oxide (LTO) technologies, which are of particular interest to rechargeable lithium-ion battery manufacturers for use in the emerging electric automotive industry. Pike Research, a Colorado-based clean technology market research firm, forecasts that the market for lithium-ion batteries for transportation will grow from $2 billion annually in 2011 to more than $14.6 billion by 2017.

Click here to read the full McGill Daily report.