In recent times, the demand for Lithium has gone through the roof and at this point, Barrel Energy (OTCMKTS:BRLL) seems one of the companies to have put together a plan to cash in on the continually rising demand. The company has managed to create a range of impressive Lithium projects and with that has come potentially lucrative opportunities from across the globe.
The world of energy is changing at a rapid rate and if experts are to be believed then clean and sustainable energy is going to be the future. That has led to considerable changes in policies across the world and created a situation in which it is increasingly likely that electric vehicles are going to be the future.
In this regard, it should be noted electric vehicles run on lithium-ion batteries and as the demand for these vehicles rise, the demand for lithium is also going to rise commensurately. Electric vehicles are now the fastest-growing category in the automobile industry and much of it is going to be fuelled by lithium-ion batteries. On the other hand, these same batteries are used to power a range of electronic devices starting from phones and computers to tablets.
Hence, it is easy to see why there is a certain degree of optimism with regard to Barrel Energy. The company has also struck up key partnerships in order to further grow its business. Earlier this month, the company announced that it signed a Memorandum of Understanding with American Lithium Minerals Inc regarding a partnership.
The partnership in question is related to production facilities that are located in North America. On the other hand, Barrel Energy also completed an agreement with Roshan Energy Technologies by way of which it is going to become the majority shareholder in the lithium battery facilities owned by the latter in India.
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