Controlled Thermal Resources is a privately-owned U.S. and Australian company. Our projects are funded by sophisticated investors and shareholders. Opportunities are available to participate in development equity investment until Q4, 2019. If you would like further information, please contact us.
Message from the CEO
“CTR’s Lithium and Power projects have reached significant development milestones over the past six years. In 2019, we are on track to complete a preliminary economic assessment (PEA) and commence pilot plant construction and development.
CTR is ideally positioned at the center of a global, super growth-cycle for lithium and renewable energy. This cycle is set to transform the automotive, infrastructure and energy sectors; creating a vital economic platform for jobs growth and critical minerals security in the United States.
CTR has a world-scale, known resource that we plan to develop to its full potential.
Rod Colwell | CEO | Controlled Thermal Resources
Lithium demand set to increase exponentially
According to industry research analysts Fastmarkets, global lithium demand is forecast to grow to at least 1.1 million tonnes per year of lithium-carbonate equivalent (LCE) by 2025 from an expected 300,000 tonnes of global LCE production in 2019.
Benchmark Mineral Intelligence also confirm these supply forecasts with lithium demand is expected to exceed supply by as early as 2023 and critical supply deficits forecast by 2025 (see graph below).
Currently, the United States produces less than 2% of total global lithium production.
The U.S. Government has activated a National Minerals Security Act to support domestic lithium production.
Geothermal demand expected to increase 6-fold in California
As California transitions to 50% clean energy by 2030 and 100% clean energy by 2045, major procurement of reliable, baseload renewable energy resources is required to replace existing fossil fueled electricity.
To put this in perspective, over 30,000 megawatts of natural gas power will need to be replaced by renewable sources (see graph below).
Geothermal power demand is set to increase up to 6-fold in California over the next 10 years.
The California Public Utilities Commission has issued a Preferred Systems Portfolio which includes an additional 1,700 megawatts of new geothermal supply on the grid by 2030.
Adding 1,700 megawatts would boost the total installed capacity of geothermal power in California by 62% in 10 years.