TSXV:FCO.H - Post by User
Post by
AdekGoskion Mar 17, 2017 12:29pm
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Post# 25994017
The need for Co-based batteries will continue !
The need for Co-based batteries will continue !Aquion, the advanced battery startup by Bill Gates is bankrupt (energy storage not based on cobalt). This is actually welcome and re-assuring news for inevstors in the cobalt space. This confirms what many experts stated already: the development of a new type of a commercial battery (with little or no coablt) will take at least 10 years. China is also mandating its manufacturers to switch from cheaper, shorter lasting batteries with not so much cobalt in them, to top notch, long lasting batteries where a lot of cobalt is needed from the standpoint of high energy storage capability. This bodes very well for those who invets in ECS and/or FT. They can hold their stock confidently for many years to come and make a very good profit along.