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Critical Elements Lithium Corp V.CRE

Alternate Symbol(s):  CRECF

Critical Elements Lithium Corporation is a Canada-based lithium exploration company. The Company is engaged in the acquisition, exploration, development and processing of critical minerals mining properties in Canada. Its projects include Rose Lithium-Tantalum, Rose North, Rose South, Arques, Bourier, Dumulon, Duval, Nisk, Lemare, Caumont, and Valiquette. The Rose Lithium-Tantalum property consists of over 473 claims covering a total area of over 24.99 square kilometers (km2). It lies in the northeastern part of Superior Province, within the Eastmain greenstone belt. The Rose North property consists of about 31 claims covering a total area of over 16.14 km2. The Arques Property is composed of one block totaling around 136 claims covering an area of 6,840.93 hectares (ha) over 18 kilometers (kms) in length in a Southwest-Northeast direction. Bourier Property is comprised of over 304 claims with an area of 15,616.47 ha for over 30 kms. Rose South property consists of over 280 claims.


TSXV:CRE - Post by User

Comment by BluePillon Feb 13, 2021 8:20pm
191 Views
Post# 32563377

RE:RE:RE:RE:RE:RE:RE:RE:Lithium prices up !!

RE:RE:RE:RE:RE:RE:RE:RE:Lithium prices up !!Thanks, cic...! It is a bit biased. Notice the paragraphs about when to use or not lithium batteries, it introduce(s) more "negative" elements that were not mentioned in the section that talked about these negative points.
CIC4ever wrote:

Just foundthat on solar batteries to store energy generated by solar panels.

https://www.solarreviews.com/blog/are-lithium-ion-the-best-solar-batteries-for-energy-storage

What are the pros and cons of lithium ion solar batteries? 

The reason why the introduction of lithium ion solar batteries rocked the solar industry is because the technology offers a variety of benefits over lead acid batteries. 

However, there are some cases in which a lead acid battery might be a battery choice to store your solar power. 

Pros of lithium ion solar batteries 

The advantages of lithium ion solar batteries include:

  • Higher depth of discharge
  • Long lifespan
  • Higher energy density
  • High efficiency
  • Less maintenance

Higher depth of discharge (DoD) 

The DoD of a battery is the amount of the stored energy in the battery that has been used, as compared to the total capacity of the battery. Most batteries come with a recommended DoD in order to maintain the health of the battery. 

Lithium ion solar batteries are deep cycle batteries, so they have DoDs around 95%. Many lead acid batteries only have a DoD of 50%. This means you can use more of the energy that’s stored in a lithium ion battery without having to charge it as often. 

Long lifespan 

Because lithium ion batteries have a high DoD and don’t need to be charged and recharged as often, they have a long lifespan. 

Most lithium ion solar batteries have a minimum warrantied lifespan of around 10 years, or a cycle life of 10,000 cycles - whichever comes first. Lead acid batteries, on the other hand, only have warrantied lifespans of around 5 years. 

Higher energy density 

The energy density of a battery is how much power the battery can hold relative to the physical size of the battery. 

Lithium ion batteries can store more power without taking up as much space as a lead acid battery, which is great for homes where space is limited. 

High efficiency 

Lithium ion batteries have a higher round-trip efficiency rating than other types of solar batteries on the market. 

Efficiency refers to the amount of usable energy you get out of your battery compared to how much energy it took to store it. Lithium ion batteries have efficiencies between 90 and 95%. 

Less maintenance 

Not having to worry about regular maintenance is one of those advantages that you just can’t put a price on.

Lithium ion solar batteries do not require maintenance like flooded lead acid batteries do.

Cons of lithium ion solar batteries 

The disadvantages of lithium ion solar batteries include:

  • High cost
  • Thermal runaway

High cost 

Lithium ion batteries tend to be the most expensive battery storage option, especially when compared to lead acid batteries. 

The good news is that solar battery systems qualify for incentives like the federal tax credit, which helps make lithium ion batteries more affordable. Plus, although lead acid batteries may be cheaper - they have to be replaced more often than long lasting lithium ion systems. 

Thermal runaway 

Lithium ion batteries run a higher risk of thermal runaway, which means they catch on fire. However, this risk of a properly installed lithium ion solar battery is slim to none. 

When is a lithium ion solar battery the best choice? 

Lithium ion solar batteries are the best solar energy storage system for everyday residential use because they take up little space while still storing a substantial amount of energy. Also, their high DoD means you can use more energy stored. 

The battery will last longer, so it won’t need to be replaced as often as a lead acid battery. Plus, their higher efficiency means that you get to use more of the energy your solar panels produce and store - giving you more bang for your buck.

However, in some cases, other battery types, like lead acid batteries, could work better for you. This is especially true if you are just using a solar battery as backup power storage. Since you won’t be draining a backup battery regularly, the lower DoD and lifespan don’t matter as much, so spending the extra money for those features won’t be necessary. 

Lead acid batteries are also popular for off-grid solar system projects that aren’t used regularly - like vacation cabins. But for everyday use, spending extra on a lithium ion solar battery is probably your best bet. 

Whether it’s for off-grid battery backup or for a grid-tied solar system, energy storage can help you run entirely on clean energy. Contact local solar installers to find the best solar battery system to pair with your solar panels. 



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