Canada and Vietnam Partner to Advance Clean Energy Development
The Canada-Vietnam Clean Energy Partnership event aimed to connect both nations’ corporate sectors in order for Canadian contributions to the Just Energy Transition Partnership (JETP) to be possible. At the event, experts presented a variety of collaboration options. According to Ranjith Narayanasamy, President and CEO of PTRC, carbon capture, utilisation, and storage (CCUS) is critical to lowering greenhouse gas emissions and producing renewable energy.
Climate-related projects can benefit from EDC’s specific funding solutions. Boris Jacouty, CCC’s Director of Business Development, stated that CCC aids foreign partners in identifying prospects for joint ventures with Canadian companies. In the next three to five years, Canada will mobilise $15.5 billion in private and public sector funds to assist Vietnam’s green transformation process.
Source: Vietnam Economy News
Researchers Adapt Hydrogen Fuel Cell Technology to Make Greener Chemicals
A study done by University of Wisconsin-Madison experts who have established a sustainable way for manufacturing chemicals required to create many different types of medications. The researchers were inspired by hydrogen fuel cells and created a method that uses an organic chemical known as a quinone to take electrons away from hydrogen.
The device then supercharges the electrons with electricity, providing them with more energy than hydrogen could typically supply. This innovative method has the potential to produce a significant number of critical organic compounds, including a large batch of a medicinal substance. The team is currently striving to optimise the method so that it can be utilised on an industrial basis.
Source: wisc.edu
TotalEnergies acquires interest in a CO2 Storage exploration license in Norway
TotalEnergies has acquired CapeOmega Carbon Storage’s 40% stake in the CO2 storage exploration licence in the Luna project off the coast of Norway. ExL004 is located next to the Northern Lights CO2 storage project (TotalEnergies, 33%) and is operated by Wintershall DEA Norge AS, which has a 60% stake.
The deal is subject to usual conditions and final government approvals. This acquisition is an important step towards expanding TotalEnergies’ CO2 storage solution, which may store hundreds of millions of tonnes of CO2 from difficult-to-abate businesses in Europe. TotalEnergies is developing a world-class carbon storage portfolio across the North Sea, with Norway taking the lead due to its huge geological storages and favourable government policies.
Source: totalenergies
Chinese Solar Makers Face New Tariffs After US Says They’re Dodging Duties
The US government has discovered that certain Asian manufacturers are unlawfully dodging taxes on Chinese solar equipment, potentially raising the cost of renewable energy and slowing the development of clean energy. The Commerce Department has identified five companies that are either Chinese or have ties to China as evading tariffs. The decision is expected to favour US solar firms, which are currently increasing domestic production capacity.
The solar sector in the United States is primarily reliant on imports from Southeast Asia, with the impacted countries supplying nearly 75% of modules to the US. According to the judgement, all other solar manufacturers in the four nations would face increased duties unless they demonstrate that their exports do not escape tariffs.
Source: usa.gov/
The IEA reports energy efficiency must be doubled by 2030
To achieve the 1.5°C target, the International Energy Agency (IEA) has recommended for an increase in annual energy efficiency gains from 2.2% to 4% by 2030. The International Energy Agency (IEA) collaborates with governments and industry leaders to define a safe and sustainable energy future, providing authoritative analysis, data, policy recommendations, and solutions to ensure energy security and aid the world’s transition to clean energy.
The IEA is ushering in a new era of international energy cooperation by emphasising technology, partnerships, and training. According to the International Energy Agency, worldwide progress on energy efficiency must double between now and 2030 in order to achieve net-zero emissions by 2050 and have a good chance of keeping global warming to 1.5°C.
Source: iea.org/
Nickel Firm Eyes Texas for $400 Million EV Battery-Metal Plant
Wave Nickel, located in Luxembourg, intends to establish a $440 million refinery in Texas to create nickel sulphate for electric-vehicle batteries using microwave technology to recover metals. The corporation intends to finance the project with US government incentives, notably those provided by President Joe Biden’s groundbreaking Inflation Reduction Act.
Wave Nickel also owns a nickel mine in Brazil and plans to produce 40,000 tonnes of mixed hydroxide precipitate by 2028, which will be enough to manufacture 20,000 tonnes of nickel. The late Norwegian entrepreneur Erling Lorentzen’s family controls the parent firm, New Wave, which also owns Wave Aluminium.
Source: wavenickel
An Important Part of Distributed Energy: The Demand for Commercial and Industrial Energy Storage is Booming
The potential for growth in commercial and industrial energy storage, notably in China, where annual growth has been significant. Revenue generation strategies include assisting users in minimising electricity expenditures and taking advantage of pricing differentials between peak and off-peak periods.
The widening of the peak-to-valley pricing disparity, as well as ongoing electricity reforms, are propelling industry growth, with energy storage becoming a key component of the market framework. The expansion of electricity reform and improvements to demand-side response rules open up significant opportunities for the long-term development of industrial and commercial energy storage.
New Study Finds Ways to Suppress Lithium Plating in Automotive Batteries for Faster Charging Electric Vehicles
A new study published in the journal Nature Communications has discovered a mechanism to prevent lithium plating in electric vehicle batteries, perhaps resulting in speedier charging periods. The study, led by Dr. Xuekun Lu of Queen Mary University of London in collaboration with an international team of researchers from the United Kingdom and the United States, reveals that lithium plating can be greatly reduced by optimising the microstructure of the graphite negative electrode.
The study adds to our understanding of the physical mechanisms of lithium redistribution inside graphite particles during fast charging, allowing us to build more advanced fast charging techniques. The results could pave the way for faster-charging, longer-lasting, and safer electric vehicles with higher energy density.
