McKinsey & Company projects that the lithium-ion battery chain could grow by more than 30% annually through 2030 ➡️ https://lnkd.in/eKRj5hUy This ⬆️ in lithium demand raises concerns about mining’s lasting impacts on the 🌎. This is why implementing #autonomous technology within a mine is important, as it brings added benefits including: 🌱 The prevention of large destruction of mining sites 🌱 Health and safety for an operations team 🌱 Increased productivity and efficiency
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🔋 Battery Demand Surges: 30% Year-on-Year Growth! 🔥 According to #mckinsey , the worldwide demand for #batteries is on an incredible upward trajectory, with a staggering 30% year-on-year growth. 🌍 🚗 Leading the Charge: Li-ion Batteries in EVs 🚀 The driving force behind this surge? Li-ion batteries in Electric Vehicles (EVs)! As the global transition to cleaner and greener mobility accelerates, the demand for #graphite , a crucial component in these batteries, is soaring. 🌱 🌟 Why It Matters: Graphite is indispensable in the #EV #revolution . It's not just #lithium; graphite plays a significant role! The clean energy future hinges on materials like graphite. Source: https://lnkd.in/eKRj5hUy #GraphiteDemand #EVs #CleanEnergy #SustainableMobility Adrian Costello Ray(Ruizhe) Hu Vanessa Hughes Daniel De Vere
Battery 2030: Resilient, sustainable, and circular
mckinsey.com
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Demand for battery metals is set to skyrocket in the coming years Battery minerals are vital for the clean energy transition. They power cost-effective, on-demand energy systems and are at the core of decarbonizing transportation. But battery-powered EVs have a major emissions challenge of their own: production of the batteries themselves is a highly carbon-intensive process. Indeed, producing the large lithium-ion batteries used to power EVs is the biggest source of embedded emissions for both electric cars and trucks, accounting for about 40 to 60 percent of total production emissions, according to McKinsey & Co estimation. In other words, making batteries can generate as much emissions as producing all the other materials that go into making an EV—or even more. As pressure to decarbonize increases and as demand for EVs picks up globally, manufacturers are racing to address this emissions challenge. The good news is that steep reductions in the carbon emissions from EV battery production are possible in the next five to ten years. #sustainable #sustainability #fonds #akiten #rohstoffe #vermögensverwaltung #kapitalanlage #assetmanagement #portfoliomanagement
Visualizing The Future Demand For Battery Minerals
https://www.visualcapitalist.com
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🔋 Exciting Times Ahead for the Battery Industry! 🔋 As we innovate at Piersica, it's thrilling to see forecasts that align with our vision. A report from McKinsey & Company from earlier this year underscores the tremendous growth expected in the lithium-ion battery market - a space where we are actively contributing with our solid-state battery technology. Key Takeaways: 🚀 The demand for lithium-ion batteries is poised for a dramatic increase. By 2030, it's estimated that the world will need 120 to 150 new battery factories. This isn't just a surge; it's a revolution in energy storage! 💡 The revenue in the battery value chain is projected to grow exponentially, from about $85 billion in 2022 to over $400 billion by 2030. At Piersica, we're geared up to be a part of this incredible journey. Our solid-state battery technology is not just an innovation; it's our contribution to a more sustainable and energy-efficient future. Read more about these insights and what they mean for the future of batteries in the link below. #batterytechnology #solidstatebatteries #energyrevolution #sustainability #futureisnow https://lnkd.in/eKRj5hUy
Battery 2030: Resilient, sustainable, and circular
mckinsey.com
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💡 Morrow Batteries stands at the forefront of the green energy revolution, committed to accelerate the transition towards sustainable power solutions. As a leading battery manufacturer, Morrow plays a pivotal role in the RESPECT project, spearheading innovation and sustainability in the realm of battery technology 🔋 🙏 𝐂𝐨𝐦𝐦𝐢𝐭𝐦𝐞𝐧𝐭 𝐭𝐨 𝐑𝐄𝐒𝐏𝐄𝐂𝐓 𝐩𝐫𝐨𝐣𝐞𝐜𝐭 Morrow recognises the importance of collaboration and innovation in driving positive change 🙌 Through participation in the RESPECT project, Morrow is dedicated to provide industrially relevant materials that empower the project to achieve its ambitious objectives 🎯 By sharing crucial data on materials, they ensure seamless integration and efficiency within the project's operations. 📊 𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 Morrow's mission extends beyond conventional battery production. With the inauguration of our state-of-the-art battery cell factory in Norway 📍 slated for 2024, they are revolutionising the industry with cost-effective and sustainable Li-ion batteries. Moreover, Morrow plans for a gigafactory capable of producing 42 GWh cells per year underscore their unwavering commitment to scaling sustainable solutions 🏭 🌐 𝐌𝐨𝐫𝐫𝐨𝐰’𝐬 𝐂𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐭𝐨 𝐑𝐄𝐒𝐏𝐄𝐂𝐓 Morrow's involvement in the RESPECT project is multifaceted and impactful. They prioritise ensuring the seamless supply of materials to our esteemed partners, facilitating the smooth progression of project operations 🔗 Additionally, they lend their expertise to the review of cell testing data, providing essential benchmarking insights to validate the utilisation of recycled materials in line with industry standards 📑 𝐖𝐡𝐲 𝐑𝐄𝐒𝐏𝐄𝐂𝐓 𝐩𝐫𝐨𝐣𝐞𝐜𝐭 ❔ RESPECT represents more than just a project — it's a catalyst for change. By designing and validating recycling processes on a pilot scale, RESPECT aims to maximise resource recovery, including critical raw materials and active battery components. Participation in RESPECT is driven by Morrow's vision of closing the loop on resource usage, effectively integrating in-house production scrap and secondary raw materials into battery cell production 🗻 Furthermore, their involvement supports the establishment of a robust value chain for battery collection and recycling, bolstering sustainability efforts and driving tangible environmental impact 🌱 Morrow is moving rapidly towards mass production of sustainable batteries. They will utilise 100 % clean energy ⚡️ in their battery cell production and target significant CO2 reductions in our supply chain 📉 Morrow will also become increasingly circular as we allow for the use of production scrap and secondary raw materials into battery cell production. Through partnerships, we will enable the collection of used batteries for further recycling or re-use. 𝐕𝐢𝐬𝐢𝐭 𝐌𝐨𝐫𝐫𝐨𝐰'𝐬 𝐰𝐞𝐛𝐬𝐢𝐭𝐞 ⬇️
Morrow Batteries is an European Battery Cell Manufacturer and Industrial Technology company
morrowbatteries.com
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Energy Analyst and Senior Contributor at Forbes, Gaurav Sharma, witnessed first hand how the RotoDynamic Technology — Coolbrook’s game-changing #technology for industrial electrification — is accelerating heavy industries towards net-zero emissions while offering performance and efficiency improvements. "Our technology allows customers to #decarbonize cost efficiently, fast and at scale. It has the potential to be the most potent and significant single technology to reduce industrial CO2 emissions globally by 2 billion tons annually,” said our CEO Joonas Rauramo to Forbes when they visited our Pilot plant at Brightlands Chemelot Campus. Heavy industries are in need of urgent transformation if they are to achieve net-zero emissions by 2050. In a bid to decarbonize heavy industries, Coolbrook’s electric RotoDynamic Technology replaces fossil fuels in generating high temperatures for industry processes — with over 40 use cases identified across industries worldwide, including the cement, steel and petrochemicals. Read the full article by Forbes here https://lnkd.in/gENvEaDU #CleanNewIndustrialEra #decarbonization #electrification #technology #cleantech #heavyindustry
‘Game-Changing’ Electric Factories Will Reshape Heavy Industries, Says European Developer Coolbrook
forbes.com
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𝗦𝗼𝗹𝗮𝗿 𝗽𝘆𝗿𝗼𝗹𝘆𝘀𝗶𝘀 𝘁𝗼 𝗿𝗲𝗰𝘆𝗰𝗹𝗲 𝗹𝗶𝘁𝗵𝗶𝘂𝗺-𝗶𝗼𝗻 𝗯𝗮𝘁𝘁𝗲𝗿𝗶𝗲𝘀 𝗮𝗰𝗲𝘀 𝗣𝗿𝗼𝗼𝗳 𝗼𝗳 𝗖𝗼𝗻𝗰𝗲𝗽𝘁 One of the hurdles for #Concentrated #Solar #Thermal energy to decarbonize heat-based industrial processes is that most of these industries, from steel and cement making to chemicals and food processing, have been around for a hundred years or more, and fossil-fueled heat grew up with them over that century, and so fossil heat became the entrenched technology. But lithium-ion battery recycling using heat (pyro-metallurgy) presents an opportunity for concentrated solar heat to get in on the ground floor of a new industrial process and compete with fossil-fueled heat while both are at a more similar, relatively nascent stage. Pyro-metallurgy is one of the two ways batteries are being recycled. (The other uses chemicals, hydro-metallurgy). Research at PROMES CNRS laboratory, led by Gilles Flamant, has just confirmed the feasibility of a solar-driven pyro-metallurgical process to recycle the lithium, nickel, cobalt, and other valuable components from lithium-ion batteries. His teams at PROMES do groundbreaking work in industrial decarbonization with very high-temperature solar heat. #CSP
Solar pyrolysis to recycle lithium-ion batteries aces Proof of Concept
https://www.solarpaces.org
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Swedish battery developer Northvolt has unveiled a ‘state-of-the-art’ sodium-ion battery which the company says will enable the expansion of cost-efficient and sustainable energy storage systems around the globe, and will ultimately help the electric vehicle transition too. “The world has put high hopes on sodium-ion, and I’m very pleased to say that we’ve developed a technology that will enable its widespread deployment to accelerate the energy transition,” said Peter Carlsson, CEO and co-founder of Northvolt. The new sodium-ion battery may not be the holy grail of battery technology, but it’s certainly the next best thing at the moment – and is set to become the foundation for Northvolt’s next generation of energy storage solutions. When compared to the traditional lithium-ion batteries we are familiar with, a sodium-ion battery is considered safer and more cost-effective, and is more sustainable than conventional nickel, manganese, and cobalt (NMC) or iron phosphate (LFP) chemistries. That is due to the fact that it is produced with minerals such as iron and sodium that are abundant on global markets. Further, Northvolt hopes that the low cost and safety at high temperatures of their new sodium-ion battery will ensure the battery is attractive for energy storage solutions in emerging markets such as India, the Middle East, and Africa. https://lnkd.in/gFeZNt9T
Northvolt hails sodium-ion battery breakthrough for storage and electric vehicles
https://reneweconomy.com.au
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Lithium Ion Battery market is growing and expected to grow even faster in the current decade. The faster acceptance of EV, in the backdrop of enormous push towards sustainable transport, is the major force behind this growth in Li Ion Battery market. However, from sourcing of technology, to ensuring consistent supply of critical material, recruitment / retention of right manpower and addressing ESG concerns will be critical. In this backdrop, this article from McKinsey is an interesting read. #lithiumionbatteries #lithiumbattery #sustainability #ev #evehicles https://lnkd.in/e_VdXhcC
Battery 2030: Resilient, sustainable, and circular
mckinsey.com
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Co-Founder and Director at HyFlux, and myMaskFit | MBA | BEng | 2024 Uplink World Economic Forum Top Innovator
Northvolt in new sodium-ion battery breakthrough Swedish start-up has developed an energy storage technology with no critical minerals including lithium which could minimise reliance on China Northvolt has made a breakthrough in a new battery technology used for energy storage that the Swedish industrial start-up claims could minimise dependence on China for the green transition. The Swedish group, backed by Volkswagen, BlackRock and Goldman Sachs, has developed a sodium-ion battery that has no lithium, cobalt or nickel — critical metals that manufacturers have scrambled to obtain, leading to volatility in prices. Peter Carlsson, Northvolt’s chief executive and co-founder, told the Financial Times that the new technology could be worth tens of billions of dollars as it opens up regions such as the Middle East, Africa, and India for battery-powered energy storage for the Swedish group. He estimated that in 10 years’ time the order book for energy storage could be “as big or potentially bigger than the current portfolio” of batteries for electric vehicles, for which Northvolt has received orders of $55bn. #Battery #EV #Innovation
Northvolt in new sodium-ion battery breakthrough
ft.com
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