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EU Commission launches ‘toolbox’ to address energy crisis

A new toolbox has been introduced by the EU Commission to address the current instability within the bloc’s energy market.
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This article was originally published by Power Engineering International

A new toolbox has been introduced by the EU Commission to help the bloc address the current instability within the energy market and increases in energy prices.

The toolbox is part of the Communication on Energy Prices adopted by the Commission and comprises short-term and medium-term mechanisms that can be implemented to reduce the impacts of energy price increases.

The toolbox presents ways the bloc can avoid a repeat of the current crisis.

Energy Commissioner Kadri Simson said: “As we emerge from the pandemic and begin our economic recovery, it is important to protect vulnerable consumers and support European companies.”

Short-term mechanisms recommended by the Commission include the provision of emergency income support to consumers living in energy poverty and state aid to utilities, reducing tax, and encouraging the adoption of renewable power purchase agreements, amongst others.

The EU Commission has also proposed joint natural gas buying amongst its member states to avoid further increases in prices and to ensure that all of its member states have an adequate supply of energy.

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The launch comes after Europe’s energy prices increased by more than five times compared to the same period last year. Reasons for the increase include a decrease in supply from Russia, which provides 40% of the bloc’s total gas, an increase in demand owing to re-opening of economies, and the failure by EU countries to fill up their gas storage after a long winter last year.

However, Russian president, Vladimir Putin, denied allegations that his country is using energy as a political weapon. During the Russian Energy Week conference, he said the current energy crisis in Europe must not be blamed on Russia and that his country has met all of its contractual obligations with EU countries. Putin said Russia is ready to increase its supply to the EU if needed.

Simson added: “The current situation is exceptional, and the internal energy market has served us well for the past 20 years. But we need to be sure that it continues to do so in the future, delivering on the European Green Deal, boosting our energy independence and meeting our climate goals.“

Medium-term measures include increasing investments in renewable energy and energy efficiency, boosting the role of consumers in the energy market, and revising regulations around natural gas supply chains.

Commenting on the launch of the International Energy Agency (IEA)’s 2021 World Energy Outlook, Dr Fatih Birol, IEA’s executive director, said reducing reliance on fossil fuels by scaling up investments in green energy can help the EU alleviate its energy woes.

The EU Commission is also proposing the expansion of gas storage systems as a medium-term measure to stabilise its energy market. Today, the EU has storage capacity for more than 20% of its annual gas use, however, not all member states have storage facilities.

The UK government has even approved the deployment of a gas energy storage project in Northern Ireland to expand its capacity with seven new caverns. Islandmagee Energy will deploy the project which will store around 500 million cubic meters of natural gas, hold up to 25% of the UK’s storage capacity and provide Northern Ireland with enough energy for 14 days during peak demand.

The toolbox will be presented to EU energy ministers on 26 October.

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The post EU Commission launches ‘toolbox’ to address energy crisis appeared first on Power Engineering International.


Author: nicholasnhede

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Energy & Critical Metals

United Lithium Achieves 99.1% Pure Lithium From Spodumene Concentrate

United Lithium (CSE: ULTH) this morning posted further results from testwork being conducted to produce lithium carbonate, also known as
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United Lithium (CSE: ULTH) this morning posted further results from testwork being conducted to produce lithium carbonate, also known as Li2CO3. The technical grade of the lithium carbonate, as well as the recovery of Li2O is said to be excellent. The results follow the successful testing of proprietary floatation tech.

The lithium carbonate under the test process was produced from spodumene concentrate, with the testing producing a final product with a purity of 99.1%. Lithium rich pegmatite was sourced for the program from Canada, with spodumene specifically selected due to it being classified as the “most important commercial lithium mineral due to its high Li content and favourable processing characteristics.” The processes of calcination, acid roasting, and water leaching were used to produce the lithium carbonate from the spodumene.

Following the successful tests, the company is now proceeding to test for the product of lithium hydroxide from the spodumene concentrate. Pilot plant testing meanwhile will begin in early 2022, which will test lithium rich feed materials. The results of such testing will then be utilized for an economic assessment for the viability of producing lithium from both spodumene and petalite feed.

“Test work to date has demonstrated that it is possible to modify traditional processes and shortcut lithium carbonate production using innovative out of the box thinking. United Lithium aims to commercialize a sustainable and robust process flow sheet for lithium concentrate production, high grade lithium carbonate and potentially high purity battery grade lithium hydroxide, with the ability to accommodate multiple feed materials with minimal modifications,” said CEO Michael Dehn on the development.

United Lithium last traded at $0.70 on the CSE.


FULL DISCLOSURE: United Lithium is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover United Lithium on The Deep Dive, with The Deep Dive having full editorial control. Additionally, the author personally holds shares of the company. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

The post United Lithium Achieves 99.1% Pure Lithium From Spodumene Concentrate appeared first on the deep dive.


Author: Jay Lutz

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ABB, MEDATech demo fully automated fast charging solution on Western Star 4900XD-e

A new prototype ultra-fast charging platform for heavy-duty applications that features the ABB Ability™ eMine FastCharge charger and MEDATech ALTDRIVE…

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A new prototype ultra-fast charging platform for heavy-duty applications that features the ABB Ability eMine FastCharge charger and MEDATech ALTDRIVE battery-electric powertrain solution is helping automate the charge of a Western Star 4900XD-e machine in a trial application.

ABB developed an integrated charging infrastructure, with the latest charger technology and a future-proof automated connection device, while MEDATech created a battery-electric powertrain that includes a charge-reception system that can be integrated into any heavy-duty vehicle.

Together with MEDATech’s complete ALTDRIVE battery-electric vehicle system, ABB’s ultra-fast charging forms a complete electric vehicle package that helps OEMs move away from diesel, according to MEDATech. Integrating ALTDRIVE into new vehicle builds will enable OEMs to fast-track their battery-electric offerings, complete with ultra-fast charging.

Offering up to 600 kW of power, the eMine FastCharge solution was launched by ABB in September as part of its ABB Ability eMine portfolio of solutions.

ABB and MEDATech have previously worked together on the conversion of the Western Star 4900 tractor to battery-electric operation, but this is the first time the two have tested the automated charging functionality of the FastCharge solution on ALTDRIVE technology.

“Designed for the harshest environments, this flexible and fully-automated solution can easily be installed anywhere, and can charge any truck, without the need of human intervention,” Mario Schmid, Project Lead Engineer at ABB, said.

Charging occurs with no help from machine operators, according to the companies. Drivers station their vehicles next to the charger and the ABB Ability eMine FastCharge does the rest. When the system senses a vehicle is near, it moves the connection pin into position and inserts it into the receptacle, carrying out charging in a fully-automated fashion.

With ABB’s charging capability matching charging cycles to the production, charging times of less than 15 minutes can be achieved, according to the companies.

On September 10, ABB and MEDATech announced the signing of an MoU to jointly explore solutions to decarbonise mining operations through charging solutions and optimised electric drive systems in BEVs for heavy-duty applications.

The post ABB, MEDATech demo fully automated fast charging solution on Western Star 4900XD-e appeared first on International Mining.

Author: Daniel Gleeson

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Hyperion Metals increases Tennessee land position at Titan Project by 78%

Special report: The company’s land consolidation strategy has rapidly grown its landholdings by 419% from its initial 2,100-acre position in … Read…

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The company’s land consolidation strategy has rapidly grown its landholdings by 419% from its initial 2,100-acre position in September 2020.

Hyperion Metals has increased its land position at the Titan Critical Minerals Project by 78% in west Tennessee, USA by 4,794 acres to 10,905 acres, enabling further growth in the resource.

Since September 2020, Hyperion (ASX:HYM) has grown its landholding by 419% from its initial 2,100 acre position.

These new landholdings include mineral rights contiguous to the recently reported mineral resource estimate at the Titan Project of 431mt at 2.2% THM, which established the project as the largest titanium, zircon, and rare earth minerals project in the US.

Hyperion has also acquired land positions over greenfield locations up to 80km from the Titan Project, with planned exploration work on these properties to help guide future land consolidation.

‘Compelling combination of scale and grade’

HYM managing director and CEO Anastasios Arima said Titan has a “compelling combination of scale, grade, high value critical mineral products, low-cost inputs, world class infrastructure and location” and looks forward to rapidly advancing the critical mineral project.

“We are also highly appreciative of the deep support we have received from the local west Tennessee community that will help us to establish zero carbon, sustainable, critical material supply chains for advanced American industries,” he said.

Major automotive, battery and chemical operations near the Titan Project. Pic: Supplied.

The company says its landholdings benefit from significant cost advantages due to the location and proximity to low cost, world-class infrastructure. That’s expected to provide material cost and logistics advantages compared to projects located in more remote areas.

These factors have contributed to a huge amount of recent investment in Tennessee, highlighting the region as a leading jurisdiction for business, including by major auto manufacturers Ford and Volkswagen, world leading battery producers LG Chem and SK Innovation, as well as major chemical organisations and end users including Chemours.

 


 

 

This article was developed in collaboration with Hyperion Metals, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

The post Hyperion Metals increases Tennessee land position at Titan Project by 78% appeared first on Stockhead.


Author: Special Report

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