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Jervois Global Ord Shs V.JRV

Alternate Symbol(s):  JRVMF

Metals & Mining Industrial Metals & Minerals
Jervois Global Limited is an Australia-based supplier of cobalt and nickel, serving both the battery and chemicals markets. The Company's segments include Australia, Brazil, Finland, United States and Other. The Australia segment includes Nico Young and other Australian tenement licenses held. The Brazil segment includes the Sao Miguel Paulista nickel and cobalt refinery (SMP Refinery). The Finland segment includes the cobalt refining and specialty products business located in Kokkola, Finland. Its product categories include chemical and catalysts, pigments, powder metallurgy and battery. The United States segment includes the Idaho Cobalt Operations (ICO) cobalt-copper-gold mine in Lemhi County outside of the town of Salmon, Idaho. The Other segment consists of non-core exploration not related to Australia and the United States. The Company's non-core assets are located in Canada (Virgin River project and Kernahan/Bell project) and Australia (Arunta West project).


TSXV:JRV - Post by User

Jervois Global Ord Shs
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Post by farml1234on May 16, 2021 8:21pm
202 Views
Post# 33212089

old Joe idiots pumping battery storage

old Joe idiots pumping battery storage

Battery storage will make wind and solar econimical: Ha! Ha! Ha!

 
 
 
I read a WSJ headline today that renewable energy battery storage will replace NG. I got curious. All my data comes from the EIA.
 
The spin:
-Battery storage provided over 580 MW of electricity in the US in 2018.
-By 2023 the EIA projects it will increase by 520%. Wow! Good bye fossil fuels!!!
 
Let me reverse the spin:
-In 2018 battery storage provided .07% of the US electricity demand of 1,220,000 MW. ( 2020 dropped to a COVID induced 1,117,445 MW)
-Rosy  estimates increase that storage to 0.36% of our energy need assuming we don't use any more electricity.
 
We are going to need lots of lithium, copper, cobalt, etc. I'm sure that the 0.36 provided by battery storage of renewables will provide the energy to mine it (sarcasm). 
 

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