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The Graphite Game Changer
$12.2 Trillion Will Be Invested In Global Power Generation in the Next 35 Years and the Tesla Gigafactory is Just the Beginning
According to a Bloomberg report earlier this year, $12.2 trillion will be invested in global power generation in the next 25 years, with renewables counting for 2/3 of the investment. Tesla, as witnessed by its multi-billion dollar gigafactory, is the first to strike.
Tesla CEO Elon Musk’s goal is to be building 500,000 electric-vehicles (EV) by 2020. With this planned production rate in the latter half of the decade, Tesla alone will require today’s entire worldwide production of lithium-ion batteries. There are two primary raw materials necessary to build lithium-ion batteries; lithium and graphite. In fact, it is estimated that 15 times more graphite than lithium is required in a lithium-ion battery.