Mukesh Chatter Speaks On Renaissance In Renewables, Fact Or Fiction? FII7

The discussion revolves around the challenges of intermittent renewable energy sources such as solar and wind, and the crucial need for affordable and reliable energy storage to make them viable. Mukesh Chatter, CEO of LCM Energy, presents a revolutionary non-flammable, cost-effective, and non-toxic battery technology developed in partnership with MIT. This technology offers the potential for 24/7 low-cost electricity, essential for the transition to a green economy. The battery has already garnered pre-orders worth $2 billion and is expected to cost one-third of lithium-ion batteries in the next 18 months. It is set to be deployed in a 50-gigawatt-hour plant in the United States by 2025, with applications ranging from grid storage to electric vehicles.