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UN report highlights urgent need to tackle impact of EV battery production boom

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Demand for raw materials used in the production of electric car batteries is set to soar, prompting the UN trade body, UNCTAD (United Nations Conference on Trade and Development), to call for the social and environmental impacts of the extraction of raw materials, which include human rights abuses, to be addressed urgently.

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Argonne study compares life cycle emissions of battery-grade lithium carbonate and lithium hydroxide from brines and ores

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The LCA covers material, water, and energy flows associated with lithium acquisition; lithium concentration; production of lithium chemicals, battery cathode powders, and batteries; and associated transportation activities along the supply chain. This study provides crucial insights into the electric mobility value chain.

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Wärtsilä report finds accelerated adoption of renewables can reduce electricity production costs by up to 50%

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The Front-Loading Net Zero report states that electricity production costs could be reduced by up to 50% by 2050 if countries and states adopt 100% renewable systems faster than currently planned. This provides economic long-term energy storage, ensuring security of supply even during extreme weather conditions.

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Rolls-Royce wins $6.5M contract to supply LNG propulsion package for fish food carrier; Bergen gas engine

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The contract is to supply a Liquefied Natural Gas (LNG) propulsion package for a cargo carrier designed by NSK Ship Design for Norwegian shipowner NSK Shipping. This means the main engine also generates electricity for the ship. Bergen gas engines deliver a significant reduction in fuel and lubrication oil consumption.

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IHS Markit: annual investments in green hydrogen production to exceed $1 billion by 2023

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—Catherine Robinson, Executive Director, Hydrogen and Renewable Gas, IHS Markit. By 2030, IHS Markit expect that green hydrogen costs could drop below $2/kg where it would compete with hydrogen produced from natural gas with carbon capture. Hydrogen production has the potential to become a whole new sector of electricity demand.

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Fincantieri and Enel Green Power Italia to explore use of green hydrogen in ports and long-range maritime transport

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Fincantieri and Enel Green Power Italia have signed a memorandum of understanding (MOU) to define an integrated solution for the production, supply, management and use of green hydrogen for port areas and long-range maritime transport.

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BNEF: cost of new renewables rises as inflation starts to bite

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The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019. The cheapest renewable power projects in the first half of 2022 were able to achieve an LCOE of $19/MWh, as in best-in-class onshore wind farms in Brazil, and $21/MWh for tracking PV farms in Chile, and $57/MWh for offshore wind in Denmark.

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