article thumbnail

NPD study finds substantial mineral resources on Norwegian shelf

Green Car Congress

The Norwegian Petroleum Directorate (NPD) has prepared a resource assessment of the seabed minerals on the Norwegian shelf. The report concludes that substantial resources are in place on the seabed. For several of the metals, the mineral resources are sufficient to cover many years of global consumption.

2020 448
article thumbnail

IIASA-led study proposes Underground Gravity Energy Storage as long-term energy storage solution for renewables

Green Car Congress

Renewable energy sources are central to the energy transition toward a more sustainable future. However, because sunshine and wind are inherently variable and inconsistent, finding ways to store energy in an accessible and efficient way is crucial. An open-access paper on the work is published in the journal Energies.

article thumbnail

EIA projects increases in global energy consumption and emissions through 2050

Green Car Congress

The US Energy Information Administration (EIA) projects that, absent significant changes in policy or technology, world energy consumption will grow by nearly 50% between 2020 and 2050. Liquid fuels remain the largest source of energy consumption, driven largely by the industrial and transportation sectors.

Global 259
article thumbnail

S&P Global: US faces new challenges meeting increased demand for critical minerals spurred by IRA

Green Car Congress

The US Inflation Reduction Act (IRA) is accelerating demand for critical minerals (lithium, cobalt and nickel) and copper that are vital to energy transition technologies. However, ensuring enough qualifying supply to meet that demand faces “considerable challenges,” according to a new analysis by S&P Global.

Global 370
article thumbnail

BMW Group secures CO2-reduced steel for global production network

Green Car Congress

Following initial contracts with European suppliers, the BMW Group has now concluded further 2 -reduced-steel-for-global-production-network">agreements for the supply of CO 2 -reduced steel in the US and China. In this way, raw materials can be used multiple times in a circular economy, thereby conserving natural resources.

BMW 444
article thumbnail

Compass Minerals confirms successful conversion testing of Great Salt Lake lithium brine resource to battery-grade lithium hydroxide

Green Car Congress

Compass Minerals, a leading global provider of essential minerals, announced the successful, third-party conversion testing of its lithium brine resource into both lithium carbonate and battery-grade lithium hydroxide, representing a significant milestone in its previously announced lithium development project. —Kevin S.

article thumbnail

Cambridge study finds globalized economy making water, energy and land insecurity worse

Green Car Congress

The first large-scale study of the risks that countries face from dependence on water, energy and land resources has found that globalization may be decreasing, rather than increasing, the security of global supply chains. As a result, countries place pressures on natural resources both within and beyond their borders.

Water 170