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    Green Energy Targets Take A Beating Due To Supply Constraint

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    19 EU Life – Funded Projects Unite For Sustainable Energy

    Engaging Consumers In The Energy Transition For Net – Zero

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    In A Move To Avert Blackouts Australia Halts Power Market

    Central American Development Bank commits $800 million toward the fuel relief effort

    Central American Development Bank commits $800 million toward the fuel relief effort

    A New 500-MW Supercritical Coal-Fired Power Plant Going into Operationa in Philippines

    EU Reduces Plans of Fossil-Fueled Electricity By One-Third

    BP to invest up to £18 billion in UK energy system by 2030

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    Introducing the CWIEME Advisory Board for 2023

    Toyota granted Zero Emission CARB Executive Order for heavy-duty fuel cell electric powertrain kit

    Toyota granted Zero Emission CARB Executive Order for heavy-duty fuel cell electric powertrain kit

    SFC Energy AG Strengthens North American Business and Opens Competence Center for Hydrogen Fuel Cells in Canada

    SFC Energy AG Strengthens North American Business and Opens Competence Center for Hydrogen Fuel Cells in Canada

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Green Energy Targets Take A Beating Due To Supply Constraint

in News, Renewable Power

Achieving the targets of the energy transition could very well go on to face delays should there be any lacuna in the critical mineral supply that is used in manufacturing essential green energy technologies, as per a report rolled out by GlobalData. The report states that the ambitious goals to scale up sources of energy such as wind, solar, and nuclear are indeed straining natural resources.

As per the senior analyst of Thematic Intelligence at GlobalData, Isabel Al-Dhahir, numerous minerals that are crucial for the energy shift are facing all kinds of supply-side constraints. These go on to include shortages in supply, monopolisation of resources, and impediments that are geopolitical in nature.

It is well to be noted that the five most critical minerals that are used to create batteries when it comes to electrical vehicles as well as renewable energy technology happen to be cobalt, nickel, copper, lithium, and other rare elements.

She added that geopolitics also happens to play a significant role when it comes to the discussion pertaining to critical minerals, as there are many of them that are restricted to certain geographies of the world only, with China being the dominating country controlling procurement as well as processing. All this has helped accelerate development as far as China’s electric vehicle and energy transition industries are concerned. Apparently, following a delayed reaction, both the US and the EU are seeking to balance the scales.

It is well to be noted that the race to control the mineral assets has gone on to give thrust to intense competition between the US, China, and the EU, with China at present dominating the mineral supply chain as well as the creation of energy development technologies.

Significantly, both the US and Europe have gone on to commit billions in terms of financial support to their respective energy transition industries and have also created independent mineral supply chains so as to level the playing field, said Al-Dhahir.

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