Norway, the "Battery of Europe"
Electricity storage on a grand scale, that's what Norwegians can do. As early as 1960, the farsighted Norwegians began to create huge hydroelectric power stations. The pumped storage plants pump water from a lake into a higher reservoir. When the water is drained, turbines are driven which generate energy with a high degree of efficiency.
Now the Nordlink submarine cable runs from Germany to Norway. This is how German wind power can be stored in Norway. Germany almost completely lacks this possibility. The submarine cable was successfully laid. Trial operation is scheduled to start at the end of 2019 and to be completed by 2020. Norway can then act as Germany's battery for surplus wind energy and conserve Norwegian energy from hydropower plants.
If Germany lacks electricity, it can be imported again from Norway. Electricity storage on a smaller scale, on the other hand, is easier, for example in mobile phones. All you need is a battery.
This in turn requires raw materials such as cobalt or lithium. A big plus is cobalt, which does not come from the Congo, but like First Cobalt will come from North America - https://www.commodity-tv.net/c/search_adv/?v=299213. First Cobalt's Iron Creek cobalt project in Idaho is therefore an important operation alongside the only cobalt refinery licensed in North America.
Millennial Lithium - https://www.commodity-tv.net/c/search_adv/?v=298888 - owns Lithium on its Pastos Grandes Lithium Project in the heart of the lithium triangle in Argentina. The feasibility study certifies the project best battery quality and a 40-year life span of the mine. Millennial Lithium is also working on a second lithium project, the Cauchari East Lithium Project in the vicinity.
Current corporate information and press releases from First Cobalt (https://www.resource-capital.ch/en/companies/first-cobalt-corp/) and Millennial Lithium ( https://www.resource-capital.ch/en/companies/millennial-lithium-corp/).
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