• 4 minutes End of Sanction Waivers
  • 8 minutes Balancing Act---Sanctions, Venezuela, Trade War and Demand
  • 11 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 14 minutes What Would Happen If the World Ran Out of Crude Oil?
  • 18 mins New German Study Shocks Electric Cars: “Considerably” Worse For Climate Than Diesel Cars, Up To 25% More CO2
  • 5 hours ..
  • 10 hours Summit: Kim, Putin To Meet Thursday in Russia’s Far East
  • 4 hours Countries with the most oil and where they're selling it
  • 10 hours Iran Sabre Rattles Over the Straights of Hormuz
  • 4 hours Section 232 Uranium
  • 2 hours Nothing Better than Li-Ion on the Horizon
  • 3 hours How many drilling sites are left in the Permian?
  • 8 hours China To Promote Using Wind Energy To Power Heating
  • 18 hours Don't Climb Onto the $80+ Oil Price Greed Roller Coaster, Please.
  • 12 hours "Undeniable" Shale Slowdown?
  • 6 hours Deep Analysis: How China Is Replacing America As Asia’s Military Titan
Can Big Oil Win Back The Younger Generations?

Can Big Oil Win Back The Younger Generations?

Big oil is struggling to…

Is It Time To Invest In Offshore?

Is It Time To Invest In Offshore?

The deepwater and offshore sectors…

Zainab Calcuttawala

Zainab Calcuttawala

Zainab Calcuttawala is an American journalist based in Morocco. She completed her undergraduate coursework at the University of Texas at Austin (Hook’em) and reports on…

More Info

Alphabet’s Secret Lab Develops Competitor For Lithium-Ion Battery

EV

A new project by Alphabet Inc.’s clandestine X lab could put salt and antifreeze at the center of battery technologies for renewable energy sources.

A decade ago, this lab made headlines for its driverless car. Now the lab’s leaders claim its Malta project could store energy anywhere around the world, while boasting a longer lifespan than lithium-ion batteries.

“If the moonshot factory gives up on a big, important problem like climate change, then maybe it will never get solved," said director Obi Felten, referring to his lab’s shoot-for-the-stars process in picking new projects. "If we do start solving it, there are trillions and trillions of dollars in market opportunity.”

Bloomberg describes the facility as a four-tank power plant that can be adjusted in size to fit the needs of the facility it powers. The collision of hot and cold air spins a massive turbine that generates electricity for the buildings to which the tanks are connected.

“The thermodynamic physics are well-known to anyone who studied it enough in college," Malta product manager Julian Green said. "The trick is doing it at the right temperatures, with cheap materials. That is super compelling."

Lithium-ion batteries are the Malta project’s main competitor for financial success, as the former’s prices continue falling. Low oil and gas prices have fueled investment in renewable energy technologies that do not risk breaking the bank during fossil fuel oversupply. Three years of bearish markets have incentivized research and development in green power infrastructure all over the world.

Related: Waning OPEC Compliance Threatens Oil Price Rally

“[Malta] could potentially compete with lithium-ion," Bloomberg New Energy Finance analyst Yayoi Sekine said. "But there are a lot of challenges that an emerging technology has to face."

Attracting investments from venture capitalist is one such hurdle, but having the Alphabet brand behind it will certainly help X with the funding issue.

By Zainab Calcuttawala for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News