US Clean Energy Agenda
On April 22, 2021, US President Biden announced targets for the US to achieve a 50-52% reduction of greenhouse gas pollution from 2005 levels by 2030.
Over the next decade, US battery capacity is expected to grow by eight times to over 355 GWh, with 10 domestic battery megafactories planned for development during this period1.
By 2030, US battery capacity is expected to need over 250,000 tonnes of battery-quality lithium carbonate equivalent per year1. The US currently produces less than 1% of global output2.
Our Thacker Pass project in Humboldt County, Nevada is uniquely positioned to play a key role in building an American-made lithium supply chain. Thacker Pass has the potential to increase US lithium supply over 10-fold – a huge leap forward towards meeting expected domestic demand, as well as create good-paying jobs, reduce America’s overall carbon footprint and support autoworkers building modern, efficient electric vehicles.
Nevada could quite literally power the US electric vehicle fleet. Lithium carbonate equivalent (LCE) from Phase 1 at Thacker Pass (30,000-35,000 tonnes per annum (tpa) of LCE) could enable 500,000-585,000 electric vehicles (with an average 60 kilowatt-hour battery) per year. Phase 2 production of up to 60,000 tpa of LCE would enable up to 1,000,000 electric vehicles per year.
Visit the Thacker Pass project page to learn more or our Community Connections page to learn how Thacker Pass can benefit Nevada.
1 Source: Lithium Americas Presentation, December 10, 2020, citing Benchmark Minerals and McKinsey & Company (slide 11)
2 Source: Benchmark Mineral Intelligence, "A New Global Lithium Ion Economy is Being Created" - Benchmark's Simon Moores US Senate Testimony Transcript.