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India signs MoU with IEA for critical minerals cooperation

India, News

The Ministry of Mines has signed a memorandum of understanding (MoU) with the International Energy Agency (IEA) to advance cooperation in critical minerals.  This agreement, recently approved by the Cabinet, will grant India access to IEA’s data, analysis, and policy recommendations, aiding in refining policies, regulations, and investment strategies to align with global standards. The collaboration is expected to enhance India’s technical capabilities and institutional strength in the critical mineral sector, fostering capacity building and…

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India seeks critical minerals agreement with the US to counter China

India, News

India and the US are working together to bolster their critical minerals supply chains, aiming to reduce dependency on China.  As part of this effort, the two countries plan to jointly explore third-country sources for securing critical minerals, with India seeking to transform the current Memorandum of Understanding (MoU) into a more comprehensive partnership agreement. Commerce and Industry Minister Piyush Goyal expressed hope that this move could pave the way for a future free trade…

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Global demand for critical minerals for renewables to triple by 2030: UN

Global, News

Global demand for minerals crucial to renewable energy technologies is projected to nearly triple by 2030, according to a United Nations report. The UN Secretary-General’s expert panel on critical energy transition minerals has outlined recommendations for governments, industries, and stakeholders to ensure the energy transition is fair, sustainable, and equitable. UN Secretary-General António Guterres highlighted the need for justice and equity in the renewables revolution, with the panel’s recommendations set to be shared ahead of…

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Critical Energy Transition Minerals: A Path to Equitable and Sustainable Global Energy Future

Analysis, Features

The global shift towards renewable energy presents an enormous opportunity, but it also introduces significant challenges, particularly when it comes to the sourcing of critical energy transition minerals (CETMs). These minerals, such as lithium, cobalt, nickel, and rare earth elements (REEs), are essential components for the technologies driving the energy transition. With the demand for these minerals set to nearly triple by 2030 and quadruple by 2040, according to the International Energy Agency (IEA), the…

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Australia, South Korea sign MOU for critical mineral collaboration

Global, News

Western Australia (WA) and South Korea have signed a memorandum of understanding (MOU) to enhance cooperation in renewable energy and critical mineral supply chains. The MOU is building on a 2023 letter of intent aimed at fostering clean energy development and processing between the WA Government and Korea’s Ministry of Trade, Industry and Energy (MOTIE). WA’s rich reserves of critical minerals and potential for clean hydrogen and ammonia production were highlighted as key areas for…

Power Sector News Roundup for November 14, 2024

Power Bytes

Global: NSW approves A$4.8bn Humelink transmission project Ramboll completes acquisition of K2 Management Capital Dynamics secures £48.5m funding for Scottish onshore wind projects Oklo signs LOIs with data centres to supply 750MW of low-carbon power Bureau Veritas acquires Versatec Energy to expand energy sector services Six nations join pledge to triple nuclear power by 2050 at COP29 rPlus Energies secures PPA with Idaho Power for 125MW Pleasant Valley Solar 2 project Orlen Group secures EIB…

Power Sector News Roundup for October 21, 2024

Power Bytes

Global: Top European Union economies spend 42 billion euros annually on fossil-fuel company car subsidies, study finds European green electricity PPA prices fall 12.4% in Q3 2024, LevelTen Energy reports Neart na Gaoithe offshore wind farm generates first power for UK grid Hellenic Cables secures contract for Leading Light Wind project in the US deveritec GmbH and Wirepas launch new NIC for Wirepas 5G Mesh in Europe Lhyfe partners with KEYOU for hydrogen mobility in…

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Lohum signs $30 million JV with US firm for battery recycling facility

India, News

LOHUM Cleantech Ltd, ReElement Technologies Corporation, and American Metals have formalised a partnership through a Memorandum of Understanding (MoU) to develop a fully integrated lithium-ion battery recycling and materials processing facility in the United States. With an initial investment of $30 million, the facility will have a capacity of 15.5 GWh and is expected to create 250 jobs focused on environmentally sustainable operations. Located at the Marion Advanced Technology Centre in Indiana, the facility will…

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India’s net-zero ambitions hinge on green hydrogen, S&P Global report finds

India, News

India’s target of achieving net-zero emissions by 2030 depends heavily on significant advancements in the green hydrogen sector, according to a report by S&P Global. The report warns that delays in progress could push the timeline back by as much as a decade. Green hydrogen is a key element in India’s energy transition strategy, which focuses on energy efficiency, renewable energy, low-emission fuels, and sustainable mobility. To meet its ambitious goals, India must ramp up…

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US DOE allocates over $3 billion for battery manufacturing projects across 14 states

Global, News

The US Department of Energy (DOE) has allocated more than $3 billion to fund 25 projects aimed at enhancing battery manufacturing capabilities across 14 states. These projects are part of the Biden-Harris Administration’s Investing in America initiative and are designed to increase domestic battery material production, align with EV tax credit rules, and reduce reliance on China. The investment, managed by the Office of Manufacturing and Energy Supply Chains (MESC), will generate over 8,000 construction…