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EBRD is Supporting Renewable Investments in Romania

Foto-ilustracija: Pixabay (Oimheidi)
Foto-ilustracija: Pixabay

The European Bank for Reconstruction and Development (EBRD) is lending over 46 million euros as part of a 93 million euros financing package to build and operate a 102 MW onshore wind farm in Romania. Urleasca Wind Farm, which will be part of Romania’s energy transition, is expected to generate 277 GWh a year of renewable energy and save about 115,000 tonnes of carbon dioxide emissions annually.

The project highlights the Bank’s support for Romania’s decarbonization efforts, which will not only improve the environment but safeguard the country’s energy security in the context of Russia’s war on Ukraine.

“We are excited to support BIG MEGA Renewable Energy’s first renewable energy project in the EBRD’s region. The wind farm is expected to benefit from corporate Power Purchase Agreements and boost Romania’s increase in renewables capacity which is targeted to grow by adding 11.9 GW over the coming years”, said Grzegorz Zielinski, the EBRD’s head of Energy Europe.

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Romania’s growing ambition in this area builds on EU-wide commitments enacted in the Fit for 55 and REPowerEU plan to increase renewables production by 2030. In 2023, Romania committed to increase the share of renewables in its total energy consumption from 24.3 per cent in 2019 to a more ambitious 36.2 per cent by 2030, by adding 11.9 GW of new renewable capacity.

Urleasca Wind Farm SRL, a Romanian company, is ultimately equally co-owned by BIG Shopping Centers ltd and MEGA OR ltd, two Israeli companies that own and develop shopping malls and are listed on the Tel Aviv stock exchange.

The EBRD, a leader in climate finance, has to date invested almost 11 billion euros in 524 projects in Romania.

Source: EBRD

New Materials for a New Age

Photo: Sferikon
Photo: Sferikon

Within technological engineering, one of the narrower disciplines is called materials engineering – an area whose focus is understanding the various characteristics of materials to create new materials with improved properties to make them more resistant, stronger, more durable, more sustainable, more economical, depending on the needs of different industries. Engineers researching this field examine how various processes and processing of materials affect the resulting state and structure of the materials. Due to the current discourse on recycling, waste management and circular economy, materials engineering plays a significant role in solving the mentioned challenges.

Young industrial designers, former students of the Faculty of Applied Arts, decided to devote themselves to their study program – industrial design.

Nikola Đurašković and Nedeljko Tica founded Sferikon to deal with the problems of agricultural waste from our environment. They first discussed this project with Professor Irena Živković, who is an expert in the field of science and engineering. As Professor Živković, the third member of the Sferikon team, explains, their product is a series of materials called Sfericorn – a combination of production industry, sustainable development, and circularity.

– Sfericorn materials are classic composite materials made of two or more different materials, giving the composite some new properties compared to the starting components. Sfericorn materials use biodegradable and compostable materials, one of which is a reinforcing component obtained from agricultural waste from corn cultivation. Corn is the most represented crop on the fields in Serbia and generates a large amount of agricultural waste that has no other purpose than fuel production and, in certain species, for animal feed – explains Professor Irena.

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Photo: Sferikon

The goal is to develop a material to be used as an alternative to synthetic polymers, i.e. common plastic. Interestingly, their materials have the potential to be applied to a variety of products, including hard plastic parts of electronic devices, furniture components, car interiors, and even the architectural industry. One of the key attributes of the Sfericorn material is its exceptional sound insulation ability, which makes it ideal for products where acoustic properties are essential. For example, in-home air purifiers, where fans or turbines produce noise, Sfericorn can effectively act as a sound insulator by reducing the resonance and noise generated by standard plastic parts.

Although the material is still in the development phase, there is already considerable interest in it. Also, Sferikon members work to make integrating their material into other products as simple as possible to be as competitive and economical as possible, besides being functional, aesthetic and sustainable, and to avoid costs related to applying such specific materials.

Prepared by: Milica Vučković

Read the story in the new issue of the Energy portal Magazine SUSTAINABLE ARCHITECTURE AND FINANCING OF GREEN CONSTRUCTION 

France Commits to Big Offshore Wind Volumes

Foto-ilustracija: Unsplash (Grahame Jenkins)
Photo-illustration: Unsplash (NIcholas Doherty)

Last year France raised its offshore wind target for 2050 to 45 GW, with an intermediate target of 18 GW by 2035. On 2 May the Government published a new offshore auction schedule. It clarifies auction timelines, identifies new sites and extends existing ones. The Government also set out simplification measures that would drastically reduce the overall time to build offshore wind farms in France.

During a visit to Saint-Nazaire on 2 May France’s Economy Minister Bruno Le Maire and Delegate Minister for Industry Roland Lescure outlined the government’s strategy for offshore wind deployment.

This comes just weeks after France’s President Emmanuel Macron laid out his vision for the competitiveness of Europe in a speech at Sorbonne University. Macron wants Europe to invest heavily in direct electrification. Europe must become “an electric power”, a market for “the free circulation of decarbonised electrons”.

New targets and auction schedules for offshore wind

The Ministers presented changes to France’s offshore tender schedule. This included building larger wind farms further out at sea but also extending the size of existing offshore wind sites by 2.5 GW.

France aims to have 18 GW of offshore wind by 2035 and 45 GW by 2050.

And on 15 May Delegate Minister for Industry Roland Lescure inaugurated the Fécamp offshore wind farm, France’s second fully operational offshore wind farm. France also has one partly commissioned project (500 MW Saint Brieuc) and 15 further projects are the pipeline for 2035. 3 of them are in the process of being built: Yeu/Noirmoutier (500 MW), Courseulles-sur-Mer (450 MW) and Diepe/Le Tréport (500 MW).

Two offshore wind auction rounds of 1.2 GW and 1.5 GW (AO7, AO8) will be launched this summer. And a broad stakeholder consultation to be finalised this year will inform the Government about suitable sites for offshore wind development up until 2050. As a result of this consultation an auction round (AO10) for up to 8-10 GW of capacity could be prepared later this year already.

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The world’s first commercial-scale floating wind auction

On 15 May Delegate Minister for Industry Roland Lescure also announced the winners of the South Brittany floating offshore wind tender. It was the first time a country offered a Contract for Difference (CfD) for floating wind in a competitive auction – a major milestone in the commercialisation of floating wind. The 250 MW site will not only be the biggest floating offshore wind farm in the world upon completion. It will also more than double Europe’s current floating offshore wind capacity.

Simplification needed

Photo-illustration: Pixabay

Today it takes 10 to 12 years to build an offshore wind farm in France. This threatens the economic viability of offshore wind farms and puts France’s energy targets at risk. To meet the new offshore wind targets the Ministers announced several new measures to “drastically simplify and shorten” planning and permitting procedures.

The Ministers aim to halve the timelines from 12 years to 6 years. Simplification measures should make it possible to waive certain public procurement rules and accelerate the grid connection for new offshore wind farms. The Ministers also pledged to reduce the total duration of auctions to around twelve months – compared to up to three years today.

Raising the bar for offshore wind auctions

France wants to make maximum use of the new possibilities offered under the EU Net Zero Industry Act (NZIA). These include using prequalification and non-price criteria in wind energy auctions.

The French Government announced that it will implement the NZIA criteria, prequalification criteria on cyber and data security and responsible business conducts as well as supply chain resilience criteria, by the end 2025 and apply them for the offshore wind auctions AO9 and AO10.

These criteria will contribute to strengthening Europe’s wind sector in line with the commitments under the EU Wind Power Package and the European Wind Charter. France wants to create 20,000 additional jobs in wind energy manufacturing by 2035.

Source: WindEurope

Above-Normal Rainfall Forecast for Greater Horn of Africa for June to September

Foto-ilustracija: Pixabay (
Photo-illustration: Unsplash (Tony Lam Hoang)

Above-normal rainfall is predicted over most parts of the Greater Horn of Africa for June to September, including Djibouti, Eritrea, central and northern Ethiopia, western and coastal Kenya, much of Uganda, South Sudan, and Sudan.

This is according to the IGAD Climate Prediction and Applications Centre (ICPAC), which serves as a WMO regional climate centre.

June to September is an important rainy season in the northern and western parts of the Greater Horn of Africa, where it generally contributes more than 90 per cent of the annual rainfall in the northern part of the region and 40 per cent in southern areas.

The forecasted wetter-than-normal conditions for June to September 2024 echo the patterns of 1998 and 2010, with a risk of flooding especially in South Sudan and Sudan, according to Dr. Guleid Artan, ICPAC’s Director.

Countries which recently suffered devastating flooding go into dry season from June to September. These include Burundi, Kenya, Rwanda, United Republic of Tanzania and parts of Ethiopia, Somalia and Uganda.

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Seasonal climate outlooks are important for decision-making in sectors like agriculture, health and water resource management. They also form part of a suite of products provided by the WMO community to support the implementation of the Early Warnings for All initiative.

The forecast was issued at the Greater Horn of Africa Climate Outlook Forum, which brings together climate scientists, governmental and non-governmental organizations, and climate sensitive sectors.

For more than two decades, WMO has supported regional climate outlook forums, which provide actionable climate forecasts and information to help save lives and livelihoods and support key sectors like agriculture and food security, water resource management, health and disaster risk reduction.

In line with the World Meteorological Organization’s guidelines and recommendations, ICPAC has adopted an objective seasonal forecast method to generate climate forecasts for the Greater Horn of Africa. This entails using initialized seasonal forecasts from nine Global Producing Centres (GPCs) and processing them with three calibration techniques.

An early to normal onset is expected in several parts of the region including central and northern Ethiopia, Eritrea, Sudan, and South Sudan. However, a delayed onset is likely in Djibouti, parts of eastern and western Ethiopia, central and western Sudan, and southern South Sudan.

The temperature forecast shows a probability of warmer-than-normal conditions across the region, particularly over northern Sudan, central and western Ethiopia, Somalia, Kenya, Rwanda, Burundi, and Tanzania.

Source: WMO

Exports in Recyclable Raw Materials Increased in 2023

Photo-illustration: Unsplash ( Sigmund)
Foto-ilustracija: Pixabay (stux)

In 2023, exports of recyclable raw materials – which include recyclable waste and scrap as well as other secondary raw materials (by-products) – from the EU to non-EU countries amounted to 39.3 million tonnes.

Export volume in recyclable raw materials has been on an upward trend since 2004, increasing by 74 per cent (+16.7 million tonnes).

Meanwhile, imports of recyclable raw materials from non-EU countries into the EU amounted to 39.8 million tonnes in 2023, a decrease of 3.8 million tonnes compared with 2004 (-8.6 per cent).

Metal highest export, organic highest import of recyclable raw materials

In 2023, the exports of metals from the EU amounted to 21.0 million tonnes, accounting for more than half (54 per cent) of all recyclable raw materials exports. The second-largest category was paper and cardboard (7.0 million tonnes or 18 per cent), followed by organic (4.5 million tonnes or 11 per cent).

In terms of imports to the EU, the largest category was organic (24.4 million tonnes), accounting for 61 per cent of all recyclable raw materials imports. The second-largest category was metal at 5.4 million tonnes (14 per cent), followed by mineral at 5.0 million tonnes (13 per cent).

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Main trade partners: Türkiye and Brazil

Türkiye was the largest destination for EU exports of recyclable raw materials in 2023, with a volume of 12.2 million tonnes. The second-largest destination was India (5.2 million tonnes), followed by the United Kingdom (3.5 million tonnes), Egypt (1.7 million tonnes) and Indonesia (1.5 million tonnes).

EU imports of recyclable raw materials in 2023 were predominantly from Brazil (9.7 million tonnes), Argentina (4.5 million tonnes), the United Kingdom (3.5 million tonnes), Ukraine (2.5 million tonnes) and the United States (2.5 million tonnes).

Source: Eurostat

Satellites in the Service of Economic and Environmental Opportunities

Photo-illustration: Freepik (rawpixel.com)
Photo-illustration: Pixabay

Satellites often inspire me to write about them. Perhaps the reason for the inspiration is that they seem like a long-established concept, that they have always been here and that there is nothing unusual about them. However, how much do we know about their capabilities? It is clear that they orbit our planet, record it and provide us with photos, Google maps and more, but what other benefits do they offer?

I have already written about solar satellites and research on how they can produce solar energy in space and send it to our planet, even 50 per cent more efficiently than solar power plants on Earth. Recently, Google and the Environmental Defense Fund launched a satellite called MethaneSAT, which I also wrote about earlier. To remind you, this satellite’s mission is to locate and measure emissions from oil and gas operations around the planet in a significantly more advanced way than existing satellites have done so far. This technology also offers weather monitoring, which is especially important in light of climate change because it enables early warnings of weather problems.

The World Economic Forum published a report on how Earth observation (EO) can significantly contribute to economic and environmental development. EO normally contains data about the Earth, which is collected through satellites and sensors.

Speaking of economics, some predictions are that by 2030, the economic opportunity provided by Earth observation insights will exceed 700 billion dollars. On the other hand, EO provides information that can reduce greenhouse gas emissions by more than two gigatons per year – expressed in carbon dioxide equivalent. The potential is even more significant if we consider that this number is calculated based on the five leading EO applications that directly impact these emissions, but many can indirectly affect the reduction.

Photo-illustration: Unsplash (NASA)

Economic and environmental conditions are not mutually exclusive. On the contrary! As a simple example, we can mention the monitoring of weather events. From an environmental point of view, long-term monitoring allows scientists and the public to become better acquainted with climate change around the world, thus developing awareness of this problem and finding solutions to it, depending on the changes from region to region. At the same time, early warnings of climate and natural disasters can reduce economic damage but, more importantly, save human lives.

In terms of ecology, EO will show its potential, especially from 2024 to 2030. Here, we can mention the increasingly stricter measures in the fight against emissions and the much-talked-about Cross-Border Carbon Adjustment Mechanism – CBAM. Namely, this mechanism entails reporting on emissions and other measures that require emissions reduction. Satellites and artificial intelligence are making it easier to trace the source of these emissions, helping to stop non-compliance across the planet.

Thanks to these satellites, such problems are monitored and ensure the monitoring of fires, illegal deforestation, surface water quality, microplastics in the oceans, and more.

Scientists say that satellites’ potential is still untapped, which optimistically indicates that more news about this technology will inspire me to write another article on cooperation between satellites and ecology in the coming period.

Katarina Vuinac

The New Era of Artificial Intelligence – and What it Means for the Data Center Segment

Photo: Schneider Electric
Photo: courtesy of Jelena Pejković

Artificial intelligence is currently the most potent force transforming how we process, analyze, and use data. Predictions say that the artificial intelligence market will reach a whopping $407 billion by 2027. We are talking about an expected annual growth rate of around 37 per cent until 2030. Our interlocutor, Jelena Pejković, Sales Director of Secure Power at Schneider Electric, points out that it is crucial to understand that we are not only talking about generative AI here; this technology will revolutionize numerous industries.

Q: What is artificial intelligence?

A: Artificial intelligence is much more than ChatGPT and similar Generative AI applications intended for the broadest audience. AI already has applications in industry, medicine, education, science, autonomous driving systems, and many other fields. Its exponential growth brings along challenges, such as a lack of new locations and new mega data centers that require large amounts of energy and, therefore, will be responsible for a higher percentage of CO2 emissions, which brings us to the question of sustainability. However, the answer to sustainability challenges is digital transformation, of which AI is an integral part, so this must not be an obstacle in their construction because it would slow it down significantly.

This story is fascinating, like the eternal dilemma – which came first, the chicken or the egg. Honestly, I’m thrilled that I’m dealing with this segment right now when this topic is hot. Perhaps it is easiest to start with Generative AI because everyone has already encountered it. Whether talking about Chat GPT or Microsoft Copilot, as many as 97 per cent of company managers already see the benefits of using AI in their daily business, generating reports and presentations, translating information, developing websites, etc. Still, this peak in the adoption of new technology will undoubtedly require more significant investments in infrastructure.

In Serbia, the topic of renewable energy sources, solar power plants and wind farms is topical. Here, AI algorithms also play a crucial role in optimizing energy distribution through the network in real-time. These algorithms continuously analyze data from the grid and adjust the flow of electricity to meet demand while at the same time ensuring the stability and efficiency of the entire grid. With these two examples, I want to illustrate how broad the field of AI application is.

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Q: How can we meet the demands of this new world driven by artificial intelligence?

A: Data centers represent the critical infrastructure that supports the artificial intelligence ecosystem. Here, it is perhaps important to emphasize, without going deeply into the topic, that we distinguish training and inference models. So, there are data centers where training clusters are located, where training or model training is carried out, and data centers where AI applications are located that we, as users, use for decision-making.

However, whether we are talking about large clusters for training or smaller edge servers that run applications, artificial intelligence is becoming an increasingly large percentage in the data centers themselves, and this is currently affecting a significant increase in consumption per river, i.e. density. These new, significantly increased densities further influence the design and management of data centers. Here, we talk about four key AI attributes and the latest trends that answer the challenges of the physical infrastructure of data centers: power supply, cooling, placement in racks, and management software.

Perhaps a more significant issue than the increase in energy consumption is its more efficient use. Schneider Electric offers numerous solutions and continues developing new ones independently and with numerous partners, such as the recently announced cooperation with NVIDIA.

Q: How can we provide the necessary electricity for Al?

A: Regulatory requirements are strict, but despite that, Internet giants are leading the way when it comes to sustainability and corporate social responsibility goals, pushing the entire industry forward. The world’s leading data center operators largely purchase energy from green sources, introduce a circular approach to energy use, hand over waste heat to heating plants in local communities, limit water use, and recycle.

Although artificial intelligence requires large amounts of energy, data analytics based on AI algorithms can help data centers move closer to net zero and address sustainability issues. So, AI is both a challenge and a solution.

Interestingly, 1,287 MWh of electricity was consumed to create GPT3, and 552 tons of CO2 were produced, equivalent to the emissions that 123 gasoline vehicles would produce in one year of driving.

Q: How can we meet the increasing demand for AI power while minimizing the impact on the planet?

A: Data centers are constantly evolving to adapt to the demands of AI. Improving power distribution systems and energy efficiency within the data center helps minimize losses and deliver power to servers most efficiently. Operators are focusing on more energy-efficient hardware and software and diversifying power sources. Advanced power distribution units, intelligent management, high-efficiency power systems, and renewable energy sources enable data centers to reduce energy costs and carbon emissions. However, the extreme densities of AI servers lead to challenges related to cooling methods.

The transition from air to liquid cooling is imperative, primarily from a sustainability perspective. Liquid, Direct-to-Chip cooling, where coolant is circulated through servers to absorb heat, is rapidly gaining popularity. The advantages are numerous: from increasing the reliability and performance of the processor, saving space, increasing energy efficiency, improving the PUE coefficient, and reducing water use.

Data center operators can also use automation based on AI algorithms, analytics, and machine learning to find new opportunities to increase efficiency and decarbonize. By using data insights more effectively, we can drive new, more sustainable behaviors.

Here, I am primarily referring to DCIM, EPMS, BMS, and similar applications that reduce the risk of unexpected behavior and provide a digital replica of the System, which makes decisions easier.

One example is Equinix, which improved the energy efficiency of its data center by nine per cent using AI-based cooling. The company reduced energy consumption by regulating the cooling system more efficiently.

So, it is clear that AI applications are leading to a significant increase in electricity consumption in data centers at a time when they need to become more sustainable. However, AI simultaneously provides us with intelligence, with the help of which we will manage those same data centers more thoughtfully.

To conclude, by combining quality and efficient equipment with the contributions made by a monitoring system based on AI algorithms, data center owners, operators, and users can respond more efficiently to the demands of high-density AI clusters without risking energy efficiency, reliability, and sustainability.

Schneider Electric

Read the story in the new issue of the Energy portal Magazine NATURE CONSERVATION

Is it Possible to Combine the Chemical Industry and Circular Economy?

Foto-ilustracija: Pixabay
Photo-illustration: Freepik (bearfotos)

The chemical industry is an important segment of the global economy because it employs more than 15 million people worldwide and has global annual revenues of 5.7 trillion dollars, according to data from the Planet Tracker analytical centre.

We could hardly imagine life without a wide range of chemical products that we use daily, whose production requires fossil fuels, water, minerals, metals, and other resources.

However, this sector is experiencing increasing pressure to make its practices sustainable as the chemical industry is one of the biggest emitters of carbon dioxide and one of the biggest environmental polluters.

Consumers are increasingly demanding products that do not harm the environment or human health, while governments are introducing stricter regulations aimed at decarbonizing the chemical industry.

Many companies have turned to renewable energy sources to reduce their carbon footprint. Still, the question remains: how can we introduce the use of sustainable raw materials to produce chemicals?

Scientists from Griffith University in Australia are one step closer to a solution that will transform the polluting chemical industry into a sustainable one, using catalysts and waste resources.

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Professor Karen Wilson explains that catalysis has historically played a key role in transforming fossil resources into basic fuels and products, creating an opportunity for a revolution in the chemical industry.

Scientists are looking for catalytic processes that will allow them to harness sustainable resources like organic waste, hoping to move the chemical industry from a linear to a circular economy.

“Catalytic processes could minimize reliance on limited fossil fuels and significantly curb CO2 emissions by using agricultural, municipal and plastic waste as feedstock”, said Professor Adam Lee.

In 2022, the industry emitted 935 million tons of CO2 while producing primary chemicals, which led to significant water pollution and the release of toxic chemicals into the environment.

The transition to environmentally friendly raw materials mitigates environmental damage and solves problems that can arise in the supply chain of raw materials, which can lead to geopolitical and natural disturbances, say the authors of the study published in OneEarth magazine.

Milena Maglovski

Procredit Bank – the New Face of Digitization

Photo: ProCredit Bank
Photo: ProCredit Bank

Most banks worldwide are digitizing banking services, and the challenges that their clients have to face are identical – changing their habits and accepting that digital banking brings multiple benefits. Thanks to online banking, bank clients have access to their accounts and transactions at any time of the day, from the comfort of their homes, without having to go to the bank in person.

Digitized banking processes are significantly faster than traditional ones, so time savings are enormous, while advanced technologies are built on high-security standards. The green context of online banking is particularly significant: the use of paper is significantly reduced, thus saving trees, the emission of carbon dioxide is reduced because clients do not have to come to the bank in person, and all banking processes are faster and more efficient, which reduces energy consumption.

We spoke with Nemanja Tomić, a member of the Executive Board of ProCredit Bank, the first 100% online bank in our country, about digitization in banking and what we can expect as the next development stage of banking services begins.

“ProCredit is the first bank to recognize the numerous benefits of digitizing banking processes for all client categories. Hence, it was one of the first banks in the country to digitize its operations and open 24/7 Zones where clients can do all types of transactions independently, 24 hours a day. This was a big change for our clients and a serious challenge for our business, but when you dare to go down the digitization path, you very quickly prove to yourself and your clients that both of us are at a huge advantage. People really like the fact that they can open an account, start saving, and get a loan online without having to go to the bank in person. We save time, energy, and other resources and reduce pollution as everything is done faster and safer. The development of banking processes with the help of digitization has to align with the bank’s business strategy, annual plans and client target groups. Until last year, ProCredit Bank was the No. 1 bank for small and medium-sized enterprises, and the urban part of the population was already used to digital devices and online processes. As of this year, ProCredit Bank is opening up even more to doing business with individual clients, as we can offer them truly competitive products and conditions. Such goals imply a double upgrade of digital processes“, Mr Tomić explains.

IN FOCUS:

In 2024, ProCredit Bank’s services will remain digital while the bank continues to invest in its performance to make it even more efficient and simple. Earlier this year, the bank launched a new m-banking application and continues to innovate.

As Mr Tomić points out, in 2024, ProCredit will be recognized for its improved quality of communication with clients.

“Through face-to-face communication in our branches, we will now draw even closer to our clients. As of this year, advisors will again be available in our branches to answer all your questions and doubts and provide any type of assistance. The banking processes remain exclusively digital, and the advisors, as a ‘humane upgrade’ of digitization, will boost the quality of all retail banking services. By talking to people face-to-face, which includes assisting clients on the spot, we are confident that we will transform into a completely tailor-made bank to all population segments“, he adds.

ProCredit Bank says that its business is already quite simple and fast. It doesn’t ask unnecessary questions, saves clients time and other resources, is competitive with its offers, and will build a more intimate contact with clients through advisors in the bank’s branches.

“If you ask me about the next step in digitizing financial services, it is exactly this – a human moment. I am confident that this concept provides a full set of modern banking, which our clients deserve“, concludes Mr Tomić.

ProCredit Bank

Read the story in the new issue of the Energy portal Magazine SUSTAINABLE ARCHITECTURE AND FINANCING OF GREEN CONSTRUCTION 

Sharp Declines in Critical Mineral Prices Mask Risks of Future Supply Strains as Energy Transitions Advance

Photo-illustration: Freepik (freepik)
Photo-illustration: Unsplash (Nicolas J Leclercq)

Pressure eased in 2023 on the market for minerals that go into electric vehicles, wind turbines, solar panels and other clean energy technologies, as supply outpaced surging demand. But a new report from the International Energy Agency finds that major additional investments are still needed to meet the world’s energy and climate objectives.

The Global Critical Minerals Outlook 2024, published today, updates the IEA’s inaugural review of the market last year while also offering new medium- and long-term outlooks for the supply and demand of important energy transition minerals, such as lithium, copper, nickel, cobalt, graphite and rare earth elements.

Following two years of dramatic increases, the prices of critical minerals fell sharply in 2023, returning to levels last seen before the pandemic. Materials used to make batteries saw particularly significant decreases, with the price of lithium dropping by 75 percent and the prices of cobalt, nickel and graphite falling by between 30 percent and 45 percent – helping drive battery prices 14 percent lower. With demand growth remaining robust, these declines were mostly driven by a strong increase in global supply – helping to offset the steep price rises in 2021 and 2022.

The report finds that while lower prices for critical minerals in the past year have been good news for consumers and affordability, they have also provided a headwind for new investment. In 2023, investment in critical minerals mining grew by 10 percent and exploration spending rose by 15 percent – still healthy, but slower than in 2022.

Today’s well-supplied market may not be a good guide for the future, with the Outlook noting that demand for critical minerals continues to grow strongly in all IEA scenarios, driven by the deployment of clean energy technologies. Today’s combined market size of key energy transition minerals is set to more than double to 770 billion dollars by 2040 in a pathway to net zero emissions by mid-century.

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Detailed project-by-project analysis suggests that announced projects are sufficient to meet only 70 percent of copper and 50 percent of lithium requirements in 2035 in a scenario in which countries worldwide meet their national climate goals. Markets for other minerals look more balanced – if projects come through as scheduled. However, announced projects do not change the high geographical concentration of supply, and China is projected to retain a very strong position in the refining and processing sector.

“Secure and sustainable access to critical minerals is essential for smooth and affordable clean energy transitions. The world’s appetite for technologies such as solar panels, electric cars and batteries is growing fast – but we cannot satisfy it without reliable and expanding supplies of critical minerals,” said IEA Executive Director Fatih Birol. “The recent critical mineral investment boom has been encouraging, and the world is in a better position now than it was a few years ago, when we first flagged this issue in our landmark 2021 report on the subject. But this new IEA analysis highlights that there is still much to do to ensure resilient and diversified supply.”

Photo-illustration: Unsplash (Shane McLendon)

The latest Outlook features a first-of-its-kind risk assessment for selected energy transition minerals, scrutinising four key dimensions: supply risks, geopolitical risks, barriers to responding to supply disruptions, and exposure to environmental, social and governance (ESG) and climate risks. Lithium and copper are the most vulnerable to supply and volume risks, while graphite, cobalt, rare earths and nickel face more substantial geopolitical risks. For graphite in particular, today’s project pipeline indicates that the available supply outside of the dominant player meets only 10 percent of the requirements in 2030, making announced diversification goals highly challenging to achieve. Most minerals are exposed to high environmental risks.

Stepping up efforts to recycle, innovate and encourage behavioural change is vital to ease potential strains on supply. Some 800 billion dollars of investment in mining is required between now and 2040 to get on track for a 1.5 °C scenario. Without the strong uptake of recycling and reuse, mining capital requirements would need to be one-third higher.

The report finds that the industry is making progress on worker safety, gender balance, community investment and using renewable energy for mineral production. However, the same cannot be said for reducing waste generation, greenhouse gas emissions and water consumption – suggesting ample scope for improvement.

The latest Outlook is accompanied by an updated version of the IEA’s Critical Minerals Data Explorer, an interactive online tool that allows users to explore the latest projections. Both form part of the Agency’s expanding work on critical minerals, as requested by governments. The IEA recently hosted a Critical Minerals and Clean Energy Summit at its headquarters in Paris and is also working on a new voluntary Critical Minerals Security Programme that was launched at the IEA Ministerial Meeting in February 2024.

Source: IEA

Two Years of REPowerEU: Strengthening Europe’s Energy Resilience

Photo-illustration: Freepik (senivpetro)
Photo-illustration: Pixabay

In May 2022, the European Commission launched the REPowerEU Plan in response to war in Ukraine and its use of energy resources as an economic weapon. The Plan’s main objectives were to save energy, diversify energy supplies, and produce more clean energy for the EU.

Two years on, it is clear that REPowerEU has played a crucial role in safeguarding EU citizens and businesses from energy shortages, while also providing vital support to Ukraine. Through joint efforts, Europe has not only made a massive cut in Russian energy imports but has also accelerated its transition to clean energy and stabilised prices.

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Key achievements:

Reducing natural gas consumption by 18 per cent between August 2022 and March 2024

Overcoming our dependency on Russian fossil fuels – the share of gas imports coming from Russia dropped from 45 per cent to 15 per cent between 2021 and 2023

Ensuring access to secure and affordable energy

Producing more electricity from wind and solar than from gas for the first time, since 2022

Rapidly increasing renewable energy installation – reaching a record of almost 96 GW of new solar energy capacity installed and increasing wind capacity by 33 GW since 2022

As we move forward, it is evident that Europe is now stronger and more united than ever before. The Commission has mobilised close to 300 billion euros to fund the REPowerEU Plan with the Recovery and Resilience Facility at the heart of this funding. The EU is now on track to completely eliminate its reliance on Russian fossil fuels while continuing to advance the green transition and supporting Ukraine.

Source: Energy Commission

First Regional E-waste Project in Latin America Comes to a Xlose

Foto ilustracija: Pixabay
Photo-illustration: Pixabay

Representatives from across Latin America will gather this week to share their experiences of participating in UNIDO’s first-ever regional project on e-waste management.

Since its launch in Quito in March 2018, the Global Environment Facility (GEF) funded project has assisted 13 countries with tackling e-waste challenges in the region. From strengthening national e-waste management initiatives, to upgrading e-waste dismantling and recycling facilities, the project has enhanced regional cooperation and generated important data for decision making in this area.

Tools developed under the project include a guide for the media on communicating on e-waste and the Regional E-Waste Monitor for Latin-America report. Produced by the Sustainable Cycles (SCYCLE) Programme, this report offers the UN’s first assessment of the region’s e-waste generation, its legislation and its recycling infrastructure.

In 2022, 62 million tons of e-waste was generated globally, with around 22 per cent documented as formally collected and recycled in an environmentally sound manner, versus just tree per cent in the 13 project countries. Given the complexities around handling e-waste and the potential health and environmental risks posed by its improper disposal, this represents a serious risk for the region.

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From 21-23 May, technical and political representatives from participating countries will meet with international experts in Panama City to showcase their achievements, innovations, and lessons learnt in managing harmful Persistent Organic Pollutants (POPs) in electrical and electronic waste.

Strong policies and legal frameworks are essential for the success of interventions in this area. Under the project, existing regulations have been improved, and new regulations have been developed in nine of the participating countries.

Further, over 200 awareness-raising activities have been carried out, reaching around 15,000 people, with strong participation from the academic sector through the involvement of universities in Chile, Costa Rica, Ecuador, El Salvador, Panama and Venezuela. Almost 5,000 people have received training and around 700,000 pieces of electronic and electrical equipment have been analysed, with over 230 metric tons of equipment sent for environmentally sound management.

Source: UNIDO

Can Heavy Industry Rely on Solar Energy?

Photo-illustration: Unsplash (Ant Rozetsky)
Photo-illustration: Pixabay

The decarbonization of heavy industry is one of the biggest challenges in fighting climate change because this sector consumes huge amounts of energy. For this reason, the use of fossil fuels is still the most cost-effective.

The industrial sector is responsible for a quarter of greenhouse gas emissions. Therefore, it is necessary to develop new materials and processes that will be environmentally acceptable and, at the same time, economically competitive with coal, say experts from the Center for Strategic and International Studies.

Swiss researchers discovered a new environmentally friendly source of thermal energy for heavy industry. Solar energy can generate over 1,000°C, which is necessary for steel melting, cement production, and other uses.

Emiliano Casati, head of research at the Federal Institute of Technology in Zurich, says their concept uses synthetic quartz to capture solar energy, a process known as the thermal capture effect.

Researchers have built solar receivers that concentrate and generate heat using thousands of mirrors to track the sun. The thermal capture device consists of a synthetic quartz rod to which an opaque silicon disc is attached as an energy absorber. When they exposed the device to an energy flux equivalent to the light from 136 suns, the absorber plate reached the temperature of 1,050°C, while the temperature at the other end of the quartz rod remained at 600°C.

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“Previous research only managed to show the thermal trap effect up to 170°C. Our research has demonstrated that solar thermal capture works not only at low temperatures but well above 1,000°C. This is crucial to demonstrate its potential for real-world industrial applications,” said Mr Casati.

He added that we needed to decarbonize energy in general to tackle climate change.

“People tend to only think of electricity as energy, but in fact, about half of the energy is used in the form of heat”, he added.

A study on this concept was published in the journal Device to demonstrate the potential of clean energy in fossil fuel-intensive industries.

Milena Maglovski

India is the Third Country in the World in Terms of Solar Energy Production

Photo-illustration: Freepik (@Oleksandr Ryzhkov)
Photo-illustration: Unsplash (Mark Merner)

According to the latest global electricity survey of 80 countries published by the Ember think tank, India now occupies third place in the world regarding solar power generation, behind China in first place and the United States in second place.

In 2023, solar growth in India accounted for as much as 5.9 per cent of global solar growth.

The Institute for Energy Economics and Financial Analysis (IEEFA) has published a report on new energy capacity in India for the first quarter of 2024. According to the POWERup report, India added a record 13,669 megawatts to its energy mix from January to March this year, and renewable energy sources accounted for as much as 71.5 per cent of all new capacity.

Solar projects dominated among renewable energy sources with 62.1 per cent of new energy capacities, i.e. 8495 MW.

Wind energy accounted for 8.4 per cent of added capacity in the first quarter of 2024, while the country also expanded its nuclear capacity by 700 MW.

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Investments in renewable energy sources decreased by 58.9 per cent compared to the first quarter of 2023. Still, the Indian government has confirmed that the RES sector will attract investments worth about 16.5 billion dollars.

India intends to add 40.7 GW of new renewable or nuclear power to its energy mix each year to achieve 500 GW of non-fossil capacity by 2030.

In 2023, India relied on fossil fuels to produce 78 per cent of its electricity, ranking as the world’s third-largest emitter in the energy sector. However, its per capita emissions were below the global average.

Although coal capacity also increased in the first quarter of 2024, the overall share of coal in India’s energy mix fell below 50 per cent for the first time. The Indian government intends to maintain this trend so that in 2030, electricity production from fossil fuels will not exceed 50 per cent.

Milena Maglovski

France Announces Winners of World’s First Commercial-Scale Floating Offshore Wind Auction

Photo-illustration: Unsplash (NIcholas Doherty)
Photo-illustration: Pixabay

France announced the winners of the 250 MW South Brittany floating offshore wind auction, the world’s first commercial-scale floating offshore wind auction. This is a major milestone for floating offshore wind technology. So far Europe has only built small pilot and demonstrator projects. With this announcement, floating wind took a big step towards commercialization and large-scale deployment.

The announcement took place as Minister Delegate Lescure inaugurated France’s second fully-commissioned bottom-fixed offshore wind farm in Fécamp (Seine-Maritime).

“Floating wind is here to stay. The demo projects have worked. Now is the time to scale-up to large projects. The French auction was a milestone in the history of floating wind technology. It puts France up there with the leading countries in floating offshore wind”, said WindEurope Chief Policy Officer Pierre Tardieu.

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The significance of the French auction

Floating offshore wind is key to unlocking offshore sites with water depths of 60 meters and more. In these areas floating offshore wind turbines are more cost-competitive than traditional bottom-fixed turbines. As such, floating offshore wind holds the key to offshore wind development in large parts of the Atlantic, the Celtic Sea, the Mediterranean Sea, the Norwegian Sea and other sea basins with higher water depths.

The French auction is a major milestone. The tendered 250 MW site will not only be the biggest floating offshore wind farm in Europe upon completion. It will also more than double Europe’s current floating offshore wind capacity.

The auction was won by a consortium of BayWa re and Elicio. 10 different consortia bid, showing the huge interest in developing floating offshore wind. The winning bid was awarded at 86 euros/MWh.

So far Europe has only installed small demonstrator and pilot projects. Together they have just over 200 MW. Four projects stand out: Kincardine and Hywind Scotland in the UK (30 MW each), WindFloat Atlantic in Portugal (25 MW) and Hywind Tampen in Norway (95 MW). All of these projects received public financial support.

Source: WindEurope

CEEFOR is Designing Another Power Plant

Photo: CEEFOR
Photo: CEEFOR

At a time when countries worldwide are searching for sustainable solutions, reaching for renewable energy sources and striving for energy independence, every new project implemented along the way is a symbol of progress. The construction of a ground solar power plant on land is planned on the outskirts of eastern Serbia, in the Braničevo district, which should significantly contribute to the production of clean, renewable energy in our country.

The entire design and technical documentation of this solar power plant was entrusted to the Center for Energy Efficiency and Sustainable Development (CEEFOR), more precisely to their engineers with abundant experience in developing renewable energy projects.

The company‘s team of professionals offer design and consulting services related to energy efficiency and renewable energy sources – from conducting energy audits (preliminary, short and detailed energy inspections), writing feasibility studies for energy technologies, designs required for obtaining various permits, contractor projects for construction and use renewable energy sources and other necessary services in this segment.

According to the drafted project, this solar power plant will require 5,400 photovoltaic panels with an individual power between 570 and 720Wp that will be connected to 30  inverters with a power of 100kW. CEEFOR’s engineers decided to use inverters manufactured by Fronius GmbH, the model TAURO ECO 100-3-P. These inverters guarantee efficient conversion of solar energy into electricity and are at the top of the market range. The final choice of construction and foundation method will depend on the results of geomechanical analyses and static calculations.

The solar panels will be arranged in 18 rows, in the west-east direction, with a vertical orientation and a tilt angle of 20 degrees. The power plant will be located within the boundaries of the 4.04-hectare plot, thus demonstrating efficient use of space, given that the length of these rows depends on the land plot’s shape. The height of the construction pillars at the lowest point will be 50 centimeters.

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At the location of the power plant, the average annual irradiation, or more precisely, the quantity of incoming sunlight, is 1300kWh/m2, which is why the plant’s annual production is expected to be 4,533,541kWh, with a specific production of 1,271.46kWh/kWp.

Photo-illustration: Pixabay (mrganso)

Regarding its positive effects, this solar power plant will save more than 3.6 million kilograms of carbon dioxide annually. To approximate this figure, we can draw a parallel with an average mature tree, which can absorb about 20 kilograms of carbon dioxide per year, depending on the species, age, health, and other characteristics. If we take an average value of 20 kilograms per year for a typical mature tree, the carbon dioxide savings of the mentioned power plant are equivalent to the annual absorption of approximately 180,000 trees.

The plant will not only contribute to the reduction of harmful gas emissions. Still, it will also generate significant quantities of clean energy for the local community’s needs once it is connected to the power grid.

With a total installed power of 3,564 MWp DC/3MW AC, this power plant is a significant step towards sustainable development, energy independence and the accomplishment of the set renewable energy goals.

The CEEFOR Company will once again have the opportunity to demonstrate its professionalism and expertise, derived from many years of experience in energy efficiency and renewable sources. The company’s work is based on detailed planning and precise implementation by engineers, making it one of the leaders in its field and in generating greener and cleaner energy in our region.

Prepared by: Milica Vučković

Read the story in the new issue of the Energy portal Magazine SUSTAINABLE ARCHITECTURE AND FINANCING OF GREEN CONSTRUCTION