The Elements of Innovation Discovered
The Elements of Innovation Discovered
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Supply constraints slow installations; WoodMac expects li-ion batteries to dominate energy storage in US over next five years. The transition to clean electricity generated from intermittent sources such as solar and wind is energizing the energy storage sector in the United States. Supply chain constraints, however, are acting as an insulator to growth of battery installations that ensure the balance between energy supply and demand. According to the fourth quarter 2022 U.S....
The United States has rich deposits of copper, cobalt, graphite, lithium, nickel, rare earths, and other mined commodities needed to build the clean energy future. The often decade-long mine permitting timeline in the U.S., however, means that many of these domestic critical mineral sources will be hard-pressed to get developed in time to help meet the climate goals laid out by the White House. This extraordinarily long federal permitting process for large projects has global...
Deep-sea battery metals mining has created an ocean-sized rift between those that want to speed regulations, slow the process, to save the planet. Loose legislation and tight deadlines have created a deep-sea mining rift that divides governments, electronics giants, vehicle manufacturers, banks, and scientists across unexpected lines. The mining industry has found itself rapidly transforming into a vital participant in worldwide efforts to reverse climate change due to the...
A group of bipartisan senators and a conservation organization are urging the White House to take definitive actions to bolster domestic production of the minerals critical to clean energy and national security. In a March 11 letter to President Biden, Senators Lisa Murkowski (R-Alaska); Senate Energy and Natural Resources Committee Chairman Joe Manchin (D-West Virginia), Jim Risch (R-Idaho), and Bill Cassidy (R-Louisiana) pointed out that the "lack of home-grown production...
With mass production of batteries that store intermittent renewable energy and power electric vehicles being a vital component of the envisioned clean energy future, the Biden administration has authorized use of the Defense Production Act to bolster American supplies of these critical battery minerals and materials. "Specifically, the DPA will be authorized to support the production and processing of minerals and materials used for large capacity batteries – such as l...
To help shore up domestic supplies of the cobalt, graphite, lithium, nickel, and other materials that go into lithium-ion batteries, the U.S. Department of Energy has directed $3.16 billion from the $1 trillion Infrastructure Investment and Jobs Act to bolster supply chains. This multi-billion-dollar funding comes a month after President Biden authorized the Pentagon to utilize the estimated $750 million of available Defense Production Act Title III funding to establish and...
The U.S. Department of Energy March 18 announced $30 million in funding to support scientific research of domestic supplies of the critical minerals and metals needed to produce clean energy technologies. Under the Biden administration, and following an executive order signed in February requiring greater coordination among federal agencies on supply chain issues, the Department of Energy has prompted possible funding toward national laboratories, universities, industry, and...
While hailing President Joe Biden's use of the Defense Production Act to bolster domestic supplies of battery minerals and materials as a win for rebuilding United States supply chains, the bipartisan group of senators that urged this action say more needs to be done to curb America's heavy dependence on oft adversarial countries for the minerals and metals critical to the nation's security and economic wellbeing. "While I am heartened that President Biden is heeding our...
