Friday, August 20, 2021

The New Bonanza

Further: Electric vehicles are expected to make a significant contribution to reducing carbon pollution in rich countries. About a third of emissions in the US is from combustion driven vehicles. Worldwide about 145 million electric vehicles are expected to be on the road by 2030  EVs are not without their own environmental impact: 12 million tons of lithium ion batteries are also expected to be retired by then.  What to do with the units containing mined minerals like cobalt, nickle and lithium. The immediately obvious answer is to recycle them, if we want to avoid mountains of poisonous electronic waste destined for landfills.  Recycling operations are just beginning to ramp up and will take time to mature. Now vehicle batteries are not designed with recycling in mind, for exmple using welds instead of removable fasteners to connect components, so complex operations are necessary to extract the valuable minerals. Tesla announced that it had started building recycling capabilities at its Gigafactory in Nevada to process waste batteries. In the meantime, another more efficient answer is to make batteries last longer. One answer is theoretically possible--sold-state batteries--but those are still in the laboratory stage.{13.05.21} Lithium-ion batters that can no longer power cars and trucks still have residual capacity, which can be used for storing energy generated by solar panels and wind turbines.  Demonstrations of this capacity are underway.

Enel Group uses 9o expired Nissan Leaf batteries in a energy storage facility in Spain. Powervault in the UK uses expired car batteries as part of a home storage system.  Getting more bang for the buck out of EV batteries also allows replacement of toxic lead-acid batteries. This is a big bonus in tropical countries like Africa where the heat degrades lead-acid batters quickly, requiring more frequently recycling. There are few facilities that can do this safely in the developing world.  Lead is a particularly dangerous neurotoxin, affecting young children's brain development. This is one reason governments require high levels of lead-acid battery recycling and safe disposal of remains. Similar regulation is needed for the new generation of batteries.  The EU proposed changes to its regulations targeting them. It proposes target rates of 70% for battery collection, recovery rates of 95% for cobalt, copper, lead and nickel and 70% for lithium, and mandatory minimum levels of recycled content in new batteries by 2030. Also being considered are digital labels that traces the individual unit's history, reports its condition and remaining capacity, helping vehicle manufacturers direct it for reuse or to recycling facilities.; While all of these developments are being cogitated and priced, do not forget to walk or ride a bike to your destination of choice.

{17.08.21}Remember when the deranged former guy offerred to buy Greenland from Denmark? This story may be what he had in mind. Billionaire boys Jeff Bezos and Bill Gates are headed for the new bonanza in Greenland. A company backed by them, KoBold Metals, signed a joint venture agreement with Bluejay Mining to explore the island for lithium and other rare minerals to be used in electric car manufacture. KoBold will pay $15 million for exploration costs in exchange for a 51% stake in the Disko-Nuussuaq project on Greenland's west coast. As the ice cap rapidly melts, Greenland will be the locus for a rush of exploiters eager to cash in on the rich load of minerals believed to be buried under the ice sheet. KoBold Metals whose private investors include Breakthrough Energy Ventures, a energy fund owned by Microsoft owner Bill Gates, Amazaon owner Jeff Bezos, and Ray Dalio, founder of the world's largest hedge fund, Bridgewater Associates, uses artificial intelligence as an exploration tool. Now that is a buzz! Norway also owns a slice of the action through its state run energy company, Equinor. Bluejay said its geological studies found the area in western Greenland to be similar to Russia's Norilsk region, a main producer of nickel and palladium. Bluejay also said it was delighted to have KoBold as a partner which is at the "pinnacle of technical innovation for new exploration methods, backed by some of the most successful investors in the world." That only proves the adage--you got to have money to make money.