Wednesday 30th September 2020

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Posts tagged ‘new york’

Zinc8 Energy Solutions wins NYC Carbon Neutrality Innovation Challenge, considers Indian JV opportunities

September 22nd, 2020

by Greg Klein | Updated September 22, 2020

A New York award follows closely on an agreement to discuss joint venture opportunities with an Indian manufacturing company.

The only energy storage system included among four winners, Zinc8 Energy Solutions CSE:ZAIR won the designation in the New York City Department of Buildings Carbon Neutrality Innovation Challenge. With the goal of increasing energy efficiency, winners “will be supported for inclusion in the 2020 NYC Building Code,” Zinc8 stated. The Department of Buildings regulates over a million buildings and construction sites across the city.

Zinc8 Energy Solutions ponders JV opportunities with Indian electrical manufacturer

Contestants submitted a wide range of design, construction and technology proposals which were evaluated for their feasibility, impact and innovation, the company added.

Zinc8’s zinc-air energy storage system is designed to deliver power ranging from 20 kW to 50 MW for eight or more hours, scaleable for individual buildings, microgrids and utilities. The system stores electricity in zinc particles, avoiding the expensive battery minerals lithium, vanadium and cobalt.

“NYC is a global leader in sustainable innovation, and we are pleased to join the Department of Buildings in its mission of carbon neutrality for all of the citizens of New York City,” said Zinc8 president/CEO Ron MacDonald.

Zinc8’s system has already been attracting New York attention. Last January the New York Power Authority, the country’s largest public power organization, selected the zinc-air system out of more than 60 competitors for a commercial or industrial demonstration facility. In March Digital Energy Corp chose Zinc8 to install a 100 kW/1.5 MWh storage system at a Brooklyn combined heat and power plant. New York interest prompted Zinc8 to create a U.S. subsidiary.

The NYC Department of Buildings award follows the previous day’s announcement that Zinc8 is discussing joint venture opportunities in India. Under an agreement in principle with Vijai Electricals, the companies will consider JV possibilities including the manufacture of components for Zinc8’s energy storage system as well as deployment of the system in India.

With 47 years of experience, Vijai claims a significant role in global market development of amorphous metal core distribution transformers. The company has also manufactured extra-high voltage transformers up to 400 kilo-volts/315 mega volt-amps and the world’s highest voltage class transformers, 1,200 kV/333 MVA. Vijai also manufactures conductors as well as aerial bunched cables, and plans to move into smart metering applications.

“Vijai is happy to work with Zinc8, a pioneer in cost-effective battery energy storage systems (BESS) for longer durations,” said Vijai chairperson Dasari Jai Ramesh. “For countries like India which need round-the-clock renewable energy systems, it is expected that Zinc8 BESS would fill the need in an effective way.”

Earlier this month Zinc8 closed a private placement of $1.4 million.

Read How to overcome raw material cost and supply security challenges, an op-ed by Ron MacDonald.

Zinc8 Energy Solutions ponders JV opportunities with Indian electrical manufacturer

September 21st, 2020

This story has been updated and moved here.

Meet the Zimtu teams

September 3rd, 2020

Eight companies offer eight opportunities at one online event

by Greg Klein | September 3, 2020

Eight companies offer eight opportunities at one online event

 

Their projects span early exploration to advanced development. Their goals include base, precious and critical minerals, but also extend to technology and energy. A wide range of potential comes to the fore on September 10, when Zimtu Capital TSXV:ZC presents a Zoom conference highlighting eight of its colleague companies.

Below we offer an overview of each company. But first here’s how to take part.

To attend, RSVP MPatience@Zimtu.com.

The event takes place September 10 at 8 a.m. Vancouver/Pacific time, 11 a.m. Toronto/Eastern time, 5 p.m. Frankfurt/Central European time.

Click this link to connect.

If prompted, enter meeting ID 868 2490 1684 and meeting passcode 679221.

To take part by phone, dial by location:

Canada toll-free
855 703 8985     

U.S. toll-free
833 548 0276
833 548 0282
877 853 5257
888 475 4499       

Germany toll-free
0 800 000 6954
0 800 000 1590

Switzerland
+41 43 210 71 08
+41 44 529 92 72
+41 22 591 00 05
+41 22 591 01 56
+41 31 528 09 88
+41 43 210 70 42

Meeting ID: 868 2490 1684

Click here to find your local number.

 

And here are the companies

 

Arctic Star Exploration TSXV:ADD

Promising geology and proven methodology will come together at Arctic Star Exploration’s (TSXV:ADD) Diagras project in the Northwest Territories’ diamondiferous Lac de Gras region. Currently holding 40% of a joint venture, the company intends to assume operation and increase its ownership when spring offers optimum work conditions.

In addition to drilling, Arctic Star’s plans include gravity and electromagnetic surveys on seven of the property’s 21 known kimberlites. The gravity/EM approach follows that of Kennady Diamonds, which successfully employed the methodology on its Kennady North project two kilometres away. In 2018 Kennady North was acquired by Mountain Province Diamonds TSX:MPVD, De Beers’ JV partner on the adjacent Gahcho Kué mine. Gravity and EM have so far found five drill targets at Diagras.

Arctic Star’s 100%-held Timantti diamond project in Finland hosts nine known diamondiferous kimberlites. With some 150 kilograms of samples ready for processing, ground work is expected to resume once pandemic conditions allow.

Read more about Arctic Star Exploration.

 

Ares Strategic Mining TSXV:ARS

Eight companies offer eight opportunities at one online event

Once re-opened, Lost Sheep will be
America’s only producing fluorspar mine.

The U.S. currently imports its entire supply of this critical mineral but Ares Strategic Mining TSXV:ARS plans to change that soon by opening the country’s only fluorspar operation. Production at Utah’s Lost Sheep mine could begin this autumn without de-risking through successive PEA and feasibility studies, but with the apparent confidence of the Mujim Group. The multinational fluorspar mining and distribution company visited the property earlier this year prior to buying a 9% stake in Ares.

Three of five exploration holes found visible fluorspar, while assays have just been released from 12 holes totalling 900 metres of delineation drilling. Results show high grades over wide intervals from near-surface and at-surface intercepts. Metallurgical tests have upgraded Lost Sheep material above 97% CaF2, achieving the level of higher-priced acidspar.

Ares also holds the Liard fluorspar project in northern British Columbia. Seven areas of the highway-accessible 476-hectare property host historic, non-43-101 estimates.

Read more about Ares Strategic Mining.

September 9 update: Ares launches this summer’s second drill program at Lost Sheep.

 

Commerce Resources TSXV:CCE

Eight companies offer eight opportunities at one online event

Well-understood host minerals, distribution of magnet
feed elements and a friendly jurisdiction distinguish
Commerce Resources’ RE-fluorspar project.

Few if any elements dominate concern about critical minerals like rare earths. That places all the more focus on Commerce Resources’ (TSXV:CCE) Ashram deposit, an advanced-stage Quebec project that also hosts one of the world’s largest fluorspar resources. While working towards pre-feasibility, the company has metallurgical studies advancing on a number of levels, benefiting not only Ashram but the creation of supply chains independent of China. The deposit’s carbonatite-hosted mineralization and relatively simple monazite, bastnasite and xenotime mineralogy complement conventional rare earths processing. Metallurgy has also upgraded Ashram’s fluorspar content to higher-priced acidspar.

Ashram also features a strong presence of high-demand magnet feed elements neodymium, praseodymium, dysprosium and terbium. Work is underway to upgrade the 2012 resource that used a 1.25% cutoff to show:

  • measured and indicated: 29.27 million tonnes averaging 1.9% total rare earth oxides and 2.94% fluorine

  • inferred: 219.8 million tonnes averaging 1.88% TREO and 2.21% F

The deposit starts at surface.

Looking at other critical minerals, Commerce also holds the advanced-stage Blue River tantalum-niobium deposit in southern British Columbia.

Read more about Commerce Resources.

September 10 update: Saville Resources, Commerce Resources find more fluorspar in re-assayed core from Quebec niobium-tantalum project.

 

Core Assets Corp CSE:CC

Eight companies offer eight opportunities at one online event

Historic results, more recent sampling and a
greater understanding of regional geology prompted
Core Assets’ major land expansion in B.C.

Determined to become a major explorer in northwestern British Columbia’s Golden Triangle, Core Assets Corp CSE:CC started trading in July, then began September with a nine-fold property expansion. The inspiration for boosting its Blue and Silver Lime holdings to 14,815 hectares comes from continual advancements in the understanding of porphyry, skarn and carbonate replacement-type deposits globally and in the Triangle itself.

The new ground covers the Llewelyn fault zone, which the company believes to be the main transport corridor for high-grade metals found on the property at surface. An historic, non-43-101 drill hole at Blue reached 0.27% copper over 173.2 metres. Grab samples from 2018 graded up to 1.57 g/t gold, 46.5 g/t silver and 8.46% copper.

The 2018 grab samples from never-drilled Silver Lime included 1.16 g/t gold, 913 g/t silver, 12.45% zinc and 20% lead. Core’s regionally experienced team plans a regional magnetic survey over the property.

Watch an interview with the Core Assets team.

 

Dimension Five Technologies CSE:DFT

Creating high-value products, even energy, from waste materials is the goal of Aduro Energy, now subject of an LOI for a reverse takeover by Dimension Five Technologies CSE:DFT. Founded in 2012, Ontario-based Aduro has developed a smart chemistry approach using three water-based technologies to transform diverse feedstocks that include renewable oils as well as waste plastics, foams and rubber. The result can be new plastics, foams, hydrocarbon fuels or specialty chemicals.

Aduro has its three areas of technology—trademarked as Hydrochemolytic Plastics Upgrading, Hydrochemolytic Renewables Upgrading and Hydrochemolytic Bitumen Upgrading—now undergoing demonstration and commercialization stages.

Learn more about Aduro Energy.

 

Emerita Resources TSXV:EMO

Eight companies offer eight opportunities at one online event

Despite extensive previous mining, Aznalcollar
hosts an impressive historic base metals estimate.

Most of Spain’s bullion came from the New World but Emerita Resources TSXV:EMO believes there’s untapped gold-silver potential on its Paymogo polymetallic project. Located amid former and current operations in southern Spain’s Iberian Pyrite Belt, Paymogo’s Romanera deposit hosts an historic, non-43-101 estimate of 34 million tonnes averaging 0.42% copper, 2.2% lead, 2.3% zinc, 44.4 g/t silver and 0.8 g/t gold.

Eight kilometres away, Paymogo’s Infanta area has historic, non-43-101 reports of high-grade copper-lead-zinc-silver intervals. While preparing an exploration permit application, Emerita is compiling data from 51 holes at Romanera and 48 at Infanta for a digital database to guide another round of drilling.

The company also awaits a court decision regarding a disputed tender for the Aznalcollar zinc-lead past-producer on the same Iberian belt. In May Emerita signed a binding letter agreement to earn a 55% interest in the Sierra Alta gold property in northern Spain. Company assets also include a 50% JV interest in the Plaza Norte zinc project near Spain’s northern coast.

Read more about Emerita Resources.

September 9 update: Emerita releases historic assays prior to drilling Paymogo.

 

Saville Resources TSXV:SRE

Eight companies offer eight opportunities at one online event

Saville outperformed historic intercepts with its
Phase I drill program on the Niobium Claim Group in Quebec.

Two kilometres from Commerce Resources’ Ashram RE-fluorspar deposit, another company explores for other critical minerals—niobium and tantalum. Working on a 75% earn-in from Commerce, Saville Resources TSXV:SRE has also found fluorspar potential on the early-stage Niobium Claim Group.

Saville sunk five holes last year in a promising Phase I campaign on the property’s Mallard prospect. Along with historic results, three drill programs total 14 holes and 3,537 metres on Mallard. Each program surpassed its predecessor for grades and widths while expanding three zones of mineralization that remain open in all directions. Encouraging historic drill results have also come from the project’s Northwest and Star Trench prospects. Yet to be drilled are other high-priority areas, especially Miranna where high-grade boulder samples have reached an exceptional 5.93% Nb2O5.

The property’s host rock predominates in pyrochlore-group minerals and/or ferrocolumbite, amenable to familiar processing methods as the world’s main source of niobium supply.

September 10 update: Saville Resources, Commerce Resources find more fluorspar in re-assayed core from Quebec niobium-tantalum project.

 

Zinc8 Energy Solutions CSE:ZAIR

Intermittent green electricity, grid backup and off-grid supply call for long-term electrical storage. Zinc8 Energy Solutions CSE:ZAIR has made inroads into New York by offering a low-cost, reliable approach.

The company’s system stores electricity in zinc particles, avoiding expensive battery minerals like lithium, vanadium and cobalt. When the storage system provides electricity, zinc particles combine with oxygen. When the system recharges, the zinc particles are regenerated and oxygen is returned.

Storage can be scaled from 20 kW to megawatts, making Zinc8’s system suitable for microgrids and utilities. The latter have already shown interest. 

In January the New York Power Authority, America’s largest public power organization, selected the Zinc8 system out of more than 60 contenders for a commercial or industrial demonstration facility. Two months later Digital Energy Corp chose Zinc8 to install a 100 kW/1.5 MWh storage system at a combined heat and power (CHP) plant in Brooklyn. Buoyed by New York interest, Zinc8 has since created a U.S. subsidiary.

Read an op-ed by Zinc8 president/CEO Ron MacDonald.

 

The Zoom with Zimtu event takes place September 10 at 8 a.m. Vancouver/Pacific time, 11 a.m. Toronto/Eastern time, 5 p.m. Frankfurt/Central European time. Click here and learn how to attend.

 

Zinc8 Energy Solutions builds on New York connections with new U.S. subsidiary

June 4th, 2020

by Greg Klein | June 4, 2020

Following the announcement of two projects in the energy-hungry American northeast, this Vancouver-headquartered company has created a wholly owned U.S. subsidiary. On June 4 Zinc8 Energy Solutions CSE:ZAIR unveiled Zinc8 Energy Solutions (USA) Inc.

Zinc8 Energy Solutions builds on New York connections with new U.S. subsidiary

A seemingly insatiable appetite for
electricity characterizes New York City.

“Our recent New York project announcements and our acceptance into the ACRE Incubator program at the Urban Future Lab have clearly demonstrated that the government and businesses of New York state are the right partners to develop the U.S. market for our technology,” said CEO Ron MacDonald.

“Our decision to establish our U.S. presence in New York state is a logical next step as we advance towards full commercialization over the next 24 months.”

In January the company’s proprietary energy storage technology was chosen out of more than 60 contestants for a New York Power Authority demo facility. In March Zinc8 signed an agreement with Digital Energy Corp to install a 100 kW/1.5 MWh storage system in Brooklyn. Last month’s entry into the ACRE Incubator at New York University’s Tandon School of Engineering benefits Zinc8 with a program that supports early-stage clean-tech companies.

Zinc8 describes its technology as a zinc-air regenerative fuel cell that’s scaleable from 20 kW to 50 MW for durations of eight hours or more, offering a cost-effective alternative to the fixed power/energy ratio of lithium-ion batteries. Applications can range from microgrids to utilities.

Read an op-ed by Zinc8 CEO Ron MacDonald: A look at energy storage during and beyond COVID-19.

Zinc8 Energy Solutions makes additional New York climate change connections

May 7th, 2020

by Greg Klein | May 7, 2020

A company with proprietary energy storage technology has made further inroads into New York state. Zinc8 Energy Solutions CSE:ZAIR has been accepted into the ACRE Incubator Program, an initiative supporting early-stage venture clean-tech companies. ACRE comprises the flagship program of the Urban Future Lab at New York University’s Tandon School of Engineering. ACRE’s funding comes from the New York State Energy Research and Development Authority, NYU and corporate partners.

Zinc8 Energy Solutions makes additional New York climate change connections

Long-term storage units from Zinc8’s Vancouver
facility will provide energy for New York state.
(Photo: Zinc8 Energy Solutions)

“New York state has been a driving force in the advancement of our patented zinc-air technology toward full commercialization,” said Zinc8 president/CEO Ron MacDonald. Joining ACRE offers the company “unmatched access to strategic advice, introductions to industry stakeholders, marketing and branding support, investor networks, and access to a community of like-minded founders. We look forward to this unique opportunity of strengthening and accelerating our ambitions by working alongside some of the world’s most exciting new clean-tech companies, technology innovators and industry experts.”

The company’s zinc-air regenerative fuel cell offers long-term electricity storage scaleable from 20 kW to 50 MW for durations of eight hours or more, making it suitable for both microgrids and utilities. Energy storage capacity is determined only by the size of the zinc storage tank, making the unit a cost-effective, scaleable alternative to the fixed power/energy ratio of lithium-ion batteries, Zinc8 explains.

The system stores electricity in zinc particles instead of relying on the battery minerals lithium, vanadium or cobalt, which face higher costs along with supply chain challenges. Zinc particles combine with oxygen while the system delivers electricity. When the system recharges, the zinc particles are regenerated and oxygen is returned.

Zinc8 already has two projects underway to install its storage units in New York. Last March Zinc8 announced an agreement with Digital Energy Corp to install a 100 kW/1.5 MWh system in Brooklyn.

The previous January, Zinc8’s unit was chosen for a demo facility in western New York by the state’s largest public electricity utility, the New York Power Authority.

Read A look at energy storage during and beyond COVID-19, by Ron MacDonald.

Digital Energy CEO William Cristofaro discusses the use of Zinc8 Energy Solutions’ fuel cell in a New York Combined Heat and Power plant

April 30th, 2020

…Read more

Zinc8 Energy Solutions signs second New York deal

March 11th, 2020

by Greg Klein | March 11, 2020

Update: Effective March 20, 2020, MGX Renewables will trade as Zinc8 Energy Solutions CSE:ZAIR.

After inking an agreement with the state power authority in January, a provider of innovative long-term energy storage announced a second foray into New York. MGX Renewables CSE:MGXR has been chosen by Digital Energy Corp to install a 100 kW/1.5 MWh zinc-air energy storage system in Brooklyn. The deal will get C$2.5 million in support from the New York State Energy Research and Development Authority, a public benefit corporation committed to renewable energy and energy efficiency.

MGX Renewables Zinc8 Energy Solutions signs second New York deal

Zinc8’s Vancouver manufacturing plant
prepares to serve New York markets.

Using proprietary technology, Zinc8’s zinc-air regenerative fuel cell offers long-term electricity storage scaleable from 20 kW to megawatts, suitable for microgrids and utilities. The system provides the lowest costs for storage longer than eight hours, the company states.

Digital Energy develops Combined Heat and Power plants, solar systems and microgrids. The agreement calls for Zinc8’s system to be installed at a CHP plant now operating in Brooklyn. “This project is focused on advancing, developing and field testing the Zinc8 storage technology that will address cost, performance and integration challenges in New York state,” Zinc8 noted.

The agreement also calls for Zinc8 and Digital Energy to consider joint proposals on other projects. In return for the Brooklyn referral, Zinc8 will grant options to Digital Energy, which will also receive MGXR shares as the Brooklyn project advances.

“The Zinc8 system addresses several critical needs of on-site electric energy storage—price point economics, system robustness under real-world use and safety,” commented Digital Energy president/CEO William Cristofaro. “We see the Zinc8 system as very promising for integration into our existing and developing customer base of over 100 on-site power plants, solar systems and microgrids.”

In January the New York Power Authority chose Zinc8 out of more than 60 contenders to provide a 100 kW/1 MWh storage system in a demo facility for commercial or industrial use.

Zinc8’s system also has a residential application at suburban Vancouver’s 75.9 House, an innovative design that won a Future Project of the Year award at the World Architecture Festival 2019 in Amsterdam.

Last month the company closed a $3-million private placement.

New York Lieutenant Governor Kathy Hochul comments on the selection of Zinc8 Energy Solutions to provide an electricity storage demo facility

February 12th, 2020

…Read more

MGX Renewables/Zinc8 Energy Solutions chosen for New York clean electricity project

January 17th, 2020

by Greg Klein | January 17, 2020

Update: Effective March 20, 2020, MGX Renewables will trade as Zinc8 Energy Solutions CSE:ZAIR.

The largest state public power organization in the U.S. will deploy a Vancouver company’s innovative energy storage technology in a demo facility. The New York Power Authority selected MGX Renewables’ (CSE:MGXR) zinc-air system out of more than 60 contestants in the NYPA Innovation Challenge staged by the utility and the Urban Future Lab at New York University’s Tandon School of Engineering.

MGX Renewables/Zinc8 Energy Solutions chosen for New York clean electricity project

One of the decisive factors in the selection of Zinc8 was its ability to provide longer-term storage of eight hours or more. The patented system stores electricity in the form of zinc particles, using none of the normally expensive battery minerals lithium, vanadium or cobalt. Zinc particles combine with oxygen while the system delivers electricity. When the system recharges, the zinc particles are regenerated and oxygen is returned.

The company emphasizes its potential for inexpensive mass storage that can be scaled into a wide range of applications.

NYPA president/CEO Gil Quiniones called it a “low-cost, long-duration solution that addresses the unpredictability of renewable energy resources such as wind and solar, and offers environmental and efficiency benefits.”

The competition took place as part of New York’s Green New Deal, a program to achieve 3GW of energy storage by 2030 and 100% carbon-free electricity by 2040. NYPA and Zinc8 are now evaluating sites for a 100kW/1MWh storage system to serve an existing commercial or industrial NYPA customer. The project would also demonstrate Zinc8’s micro-grid potential, as well as other commercial, industrial and utility uses. Installation is expected in 2022.

NYPA will contribute US$2.55 million to the project over three years.

This investment in long-duration, low-cost energy storage technology will provide a boost to our clean energy economy, maximize the benefits of renewable resources and help in our aggressive efforts to combat climate change.—Kathy Hochul,
New York Lieutenant Governor

Commenting on the selection, New York Lieutenant Governor Kathy Hochul said, “This investment in long-duration, low-cost energy storage technology will provide a boost to our clean energy economy, maximize the benefits of renewable resources and help in our aggressive efforts to combat climate change.”

Pat Sapinsley, managing director of Clean Tech Initiatives at NYU Tandon, added, “The selection of Zinc8 Energy Solutions illustrates how important and effective a public-academic collaboration like the NYPA Innovation Challenge can prove. By awarding this contract, New York State is not only accelerating its own clean-energy future but building confidence in the clean-power industry overall.”

One residential application of Zinc8 will be 75.9 House, an architectural innovation under construction in suburban Vancouver. Storing solar-generated energy, the unit will start at 40 kW/160 kWh and can be scaled for greater demand.

Visual Capitalist: Elon Musk’s vision for the future of Tesla

April 26th, 2018

by Jeff Desjardins | posted with permission of Visual Capitalist | April 26, 2018

Tesla is currently stuck in “production hell” with Model 3 delays, as Elon Musk describes it.

But Winston Churchill had a great quote about facing what seems like insurmountable adversity: “If you’re going through hell, keep going.” This is certainly a maxim that Musk and Tesla will need to live by in order to realize the company’s longstanding mission, which is to accelerate the world’s transition to sustainable energy.

This giant infographic comes to us from Global Energy Metals TSXV:GEMC and it is the final part of our three-part Rise of Tesla series, which is a definitive source for everything you ever wanted to know about the company.

Part 3 shows Musk’s future vision and what it holds for the company once it can get past current production issues.

See Part 1. See Part 2.

 

Visual Capitalist: Elon Musk’s vision for the future of Tesla=

 

To understand Tesla’s ambitions for the future, you need to know two things:

1. Tesla’s mission statement: “To accelerate the world’s transition to sustainable energy.”

Tesla can accomplish this by making electric vehicles, batteries and energy solutions—and by finding ways to seamlessly integrate them.

2. Tesla’s strategy: “The competitive strength of Tesla long-term is not going to be the car, it’s going to be the factory.”

Tesla aims to productize the factory so that vehicle assembly can be automated at a revolutionary pace. In other words, Tesla wants to perfect the making of the “machine that builds the machine.” It wants to use these factories to pump out EVs at a pace never before seen. It aims to change the world.

The future of Tesla

If Musk has his way and everything goes according to plan, this is how the future of Tesla will unfold. Note: Keep in mind that Tesla sometimes overpromises and that the following is an extrapolation of Tesla’s vision and announced plans as of spring 2018.

A sustainable energy powerhouse

Tesla’s goal is to accelerate the world’s transition to sustainable energy—but simply making a few electric cars is not going to be enough to put a dent into this. That’s why the future of Tesla will be defined by bigger and bolder moves:

The Tesla Semi: Tesla has unveiled the Tesla Semi, which can go 0 to 60 mph with 80,000 pounds (36 tonnes) in just 20 seconds. Fully electric and with a 200-kWh battery pack, Musk says, it would be “economic suicide” for trucking companies to continue driving diesel trucks.

Mass transit: Musk said in his Master Plan, Part Deux blog post that he wants to design “high passenger-density urban transport.” It’s anticipated that this will come in the form of an autonomous minibus, built off the Model X concept.

A new energy paradigm: Tesla is not just building cars—it’s democratizing green energy by creating a self-dependent ecosystem of products. This way, homeowners can ensure their appliances and cars are running off of green energy, and even sell it back to the grid if they like.

As Tesla works on this sustainable future, the company isn’t afraid to show off its battery tech in the interim. The company even built the world’s largest lithium-ion battery farm (100 MW) in South Australia, to win a bet, in fewer than 100 days.

Other new models

Musk says that Tesla plans to “address all major segments” of the auto market.

Model Y: This will be a crossover vehicle built on the Model 3 platform, expected to go into production in 2019. It will round out the “S3XY” product line of Tesla’s first four post-Roadster vehicles.

Pickup truck: This will be Tesla’s priority after the Model Y and Musk says he is “dying to build it.” Musk says it’ll be the same size as a Ford F-150 or bigger to account for a “game-changing” feature he wants to add, but has not yet revealed.

Ultra low-cost model: Tesla has also announced that it will need a model cheaper than the Model 3 in the near future. This would allow Tesla to compete against a much wider segment of the auto market, and the future of Tesla hinges on its success.

Multiple Gigafactories

Tesla already has two: Gigafactory I in Reno, Nevada (batteries) and Gigafactory II in Buffalo, New York (solar panels).

The Gigafactory I started battery cell production in 2017. It will eventually produce enough batteries to power 500,000 cars per year. Meanwhile, the second factory is operated by Tesla’s SolarCity subsidiary, producing photovoltaic modules for solar panels and solar shingles for Tesla’s solar roof product.

Tesla said in 2017 that there will be “probably four” more battery Gigafactories in locations that would “address a global market,” including one in Europe. This makes sense, since the need for lithium-ion batteries to power these EVs is exploding. An important component of Tesla’s future will also be sourcing the raw materials needed for these Gigafactories, such as cobalt, lithium, graphite and nickel.

The Chinese market

The good news: Tesla already owns about 81% of the market for imported plug-in EVs in China.

The bad news: That’s only about 2.5% of the total Chinese EV market, when accounting for domestically made EVs.

China is the largest auto market in the world—and make no mistake about it, Tesla wants to own a large chunk of it. In 2017, China accounted for 24.7 million passenger vehicle sales, amounting to 31% of the global auto market.

Automation and the sharing economy

Finally, Tesla wants its vehicles to be fully autonomous and to have shared fleets that drive around to transport people.

Autonomous: Tesla aims to develop a self-driving capability that is 10 times safer than manual via massive fleet learning.

Shared: Most cars are used only by their owners and only for 5% of each day. With self-driving cars, a car can reach its true potential utility by being shared between multiple users.

Conclusion

The future of Tesla is ambitious and the company’s strategy is even considered naïve by some. But if Musk and Tesla are able to perfect building the “machine that builds the machine,” all bets will be off.

That concludes our three-part Rise of Tesla series. Don’t forget to see Part 1 (Origin story) and Part 2 (Rapid Growth). Special thanks to Global Energy Metals for making this series possible.

Posted with permission of Visual Capitalist.