– The United States is trying to build up its energy storage capacities at a rapid scale. At the same time, it is trying to wean itself off of Chinese battery tech. In many ways, these two goals are in direct opposition to each other.
China dominates global supply chains for clean energy tech in general, but especially when it comes to lithium-ion batteries, which power everything from your phone to your car. Approximately 80 percent of all battery cells in the world are made in China according to figures from the International Energy Agency. What is more, Beijing controls the production of EV battery cathode active material (85 percent of global production) and anode active material (more than 90 percent), and refines the vast majority of the critical minerals involved in their manufacturing.
However, these measures are falling short. Way short. “It takes decades and tens, if not hundreds of billions of dollars” to build the kind of supply chains that would be capable of competing with China according to Tu Le, founder and managing director of Sino Auto Insights. “We don’t have decades. We have five, six, seven years to try to become competitive,” he was recently quoted by Quartz.
“We have a ton of innovation coming out of the United States,” Le went on to say. “These small fledgling companies are super innovative, but getting and building prototypes of what they’re trying to sell is one thing. Being able to mass produce them at a high quality level, repeatably in the millions of units is another thing entirely.”
Moreover, critics have pointed out that the August 26 executive order is vaguely worded, calling for the ban of “any foreign-produced bulk-power system electric equipment”, and may only serve to slow down the growth of the domestic energy storage sector. Analysis from BloombergNEF notes that, as a result of the state of emergency and the uncertainty around its terms, battery projects “face near-term delays or cancellations as developers await guidance, reconsider existing contracts, or shift suppliers.”
The effort may also be too little, too late to make up for the damage that the Trump administration has already done to the domestic battery manufacturing sector by rolling back critical Biden-era supportive legislation. Repealing laws supporting domestic manufacturers and the EV sector as a whole (which is far and away the largest market for these batteries on a global scale) has cost U.S. battery manufacturers time and money when both are in short supply.
We are now in a position where we have No Batteries or Parts coming in to fix a power grid if it gets attacked or is crippled. It will still take YEARS for American companies to create, then supply the product!
Again, It’s all too little too late… Almost like it was done this way on purpose!
In the end here, People better have a plan for when the US Grid goes down!
It’s not a question of if, But When?
When the Grid Goes Down, You Better Be Ready!
#Breaking #News #Grid
Learn More:
https://www.zerohedge.com/political/trumps-grid-battery-ban-leaves-developers-guessing
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