Olympus to Use 100% Renewable Electricity


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Olympus Renewable Energy Initiative reduces CO2 emissions by sourcing 100% clean electricity at major Japan R&D and manufacturing sites, accelerating ESG goals toward net zero, decarbonization, and TCFD-aligned sustainability across global operations.

 

Key Points

Olympus's program to source renewable power, cut CO2, and reach net-zero site operations by 2030.

✅ 100% renewable electricity at major Japan R&D and manufacturing sites

✅ Expected 70% renewable share of electricity in FY2023

✅ Net-zero site operations targeted company-wide by 2030

 

Olympus Corporation announces that from April 2022, the company has begun to exclusively source 100% of the electricity used at its major R&D and manufacturing sites in Japan from renewable sources. As a result, CO2 emissions from Olympus Group facilities in Japan will be reduced by approximately 40,000 tons per year. The percentage of the Olympus Group's total electricity use in fiscal 2023 (ending March 2023) from renewable energy sources, including green hydrogen applications, is expected to substantially increase from approximately 14% in the previous fiscal year to approximately 70%.

Olympus has set a goal of achieving net zero CO2 emissions from its site operations by 2030, as part of its commitment to achieving environmentally responsible business growth and creating a sustainable society, aligning with Europe's push for electrification to address climate goals. This is a key goal in line with Olympus Corporation's ESG materiality targets focused on the theme of a "carbon neutral society and circular economy."

The company has already introduced a wide range of initiatives to reduce CO2 emissions. This includes the use of 100% renewable energy at some manufacturing sites in Europe, despite electricity price volatility in the region, and the United States, the installation of solar power generation facilities at some manufacturing sites in Japan, and support of the recommendations made by the Task Force on Climate-related Financial Disclosures (TCFD), alongside developments such as Honda's Ontario battery investment that signal rapid electrification.

To achieve its carbon neutral goal, Olympus will continue to optimize manufacturing processes and promote energy-saving measures, and notes that policy momentum from Canada's EV sales regulations and EPA emissions limits is accelerating complementary electrification trends, is committed to further accelerate the shift to renewable energy sources across the company, thereby contributing to the decarbonization of society on a global level, as reflected in regional labor markets like Ontario's EV jobs boom that accompany the transition.

 

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UK Electric Vehicle Sales Surge to Record High

UK electric vehicle sales reached a record high in September, with battery and hybrid cars making up over half of new registrations. SMMT credits carmaker discounts, new models, and a £3,750 EV grant for driving strong demand across the UK market.

 

Why are UK Electric Vehicle Sales Surging to a Record High?

UK electric vehicle sales are surging to a record high because automakers are offering major discounts, more models are available than ever, and the government’s new £3,750 EV grant is making electric cars more affordable and appealing to both fleets and private buyers.

✅ BEV sales up nearly one-third in September

✅ Over half of all new cars are now electrified

✅ £3,750 EV grants boost consumer confidence

 

Electric vehicle (EV) sales in the United Kingdom reached a record high last month, marking a significant milestone in the country’s transition to cleaner transportation. According to the latest figures from the Society of Motor Manufacturers and Traders (SMMT), sales of pure battery electric vehicles (BEVs) surged by nearly one-third to 72,779 units in September, while plug-in hybrid registrations grew even faster.

The combined total of fully electric and hybrid vehicles accounted for more than half of all new car registrations, underscoring the growing appeal of electrified transport, alongside global EV market growth, among both businesses and private consumers. In total, 312,887 new vehicles were registered across the country — the strongest September performance since 2020, according to SMMT data.

SMMT chief executive Mike Hawes said the surge in electrified vehicle sales showed that “electrified vehicles are powering market growth after a sluggish summer.” He credited carmaker incentives, a wider choice of models, and government support for helping accelerate adoption, though U.S. EV market share dipped in Q1 2024 by comparison. “Industry investment in electric vehicles is paying off,” Hawes added, even as he acknowledged that “consumer demand still trails ambition.”

The UK government’s new electric car grant scheme has played a significant role in the rebound. The program offers buyers discounts of up to £3,750 on eligible EVs priced under £37,000. So far, more than 20,000 motorists have benefited, with 36 models approved for reductions of at least £1,500. Participating manufacturers include Ford, Toyota, Vauxhall, and Citroën.

Ian Plummer, chief commercial officer at Autotrader, said the grant had given a “real lift to the market,” echoing fuel-crisis EV inquiry surge in the UK. He noted that “since July, enquiries for new electric vehicles on Autotrader are up by almost 50%. For models eligible for the grant, interest has more than doubled.”

While the majority of BEVs — about 71.4% — were purchased by companies and fleets, the number of private buyers has also been increasing. Zero-emission vehicles now account for more than one in five (22.1%) new car registrations so far in 2025, similar to France’s 20% EV share record, highlighting the growing mainstream appeal of electric mobility.

The surge comes amid a challenging backdrop for the automotive sector, even as U.S. EV sales soared into 2024 across the Atlantic. The UK car industry is still reeling from the effects of US trade tariffs and recent disruptions, such as Jaguar Land Rover’s production shutdown following a cyberattack. Despite these hurdles, the strong September figures have boosted confidence in the industry’s recovery trajectory, and EU EV share grew during lockdown months offers precedent for resilience.

Among individual models, the Kia Sportage, Ford Puma, and Nissan Qashqai led overall sales, while two Chinese vehicles — the Jaecoo 7 and BYD Seal U — entered the top ten, reflecting China’s growing footprint in the UK market. Analysts say the arrival of competitively priced Chinese EVs could further intensify competition and drive prices lower for consumers.

With electrified vehicles now dominating new registrations and fresh government incentives in place, industry observers believe the UK is gaining momentum toward its long-term net-zero goals. The challenge, however, remains converting business fleet enthusiasm into sustained private-buyer confidence through affordable models, with UK consumer price concerns still a factor, reliable charging infrastructure, and continued policy support.

 

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Renewable Electricity Is Coming on Strong

Cascadia electrification accelerates renewable energy with wind and solar, EVs, heat pumps, and grid upgrades across British Columbia, Washington, and Oregon to decarbonize power, buildings, and transport at lower cost while creating jobs.

 

Key Points

Cascadia electrification is the shift to renewable grids, EVs, and heat pumps replacing fossil fuels.

✅ Wind and solar scale fast; gas and coal phase down

✅ EVs and heat pumps cut fuel costs and emissions

✅ Requires grid upgrades, policy, and social acceptance

 

Fifty years ago, a gasoline company’s TV ads showed an aging wooden windmill. As the wind died, it slowed to stillness. The ad asked: “But what do you do when the wind stops?” For the next several decades, fossil fuel providers and big utilities continued to denigrate renewable energy. Even the U.S. Energy Department deemed renewables “too rare, too diffuse, too distant, too uncertain and too ill-timed” to meaningfully contribute, as a top agency analyst put it in 2005.

Today we know that’s not true, especially in British Columbia, Washington and Oregon.

New research shows we could be collectively poised to pioneer a climate-friendly energy future for the globe — that renewable electricity can not only move Cascadia off of fossil fuels, but do so at an affordable price while creating some jobs along the way.

After decades of disinformation, this may sound like a wishful vision. But building a cleaner and more equitable economy — and doing so in just a few decades to head off the worst effects of climate change — is backed by a growing body of regional and international research.

Getting off fossil fuels is “feasible, necessary… and not very expensive” when compared to the earnings of the overall economy, said Jeffrey Sachs, an economist and global development expert at Columbia University.

Much of the confidence about the price tag comes down to this: Innovation and mass production have made wind and solar power installations cheaper than most fossil-fuelled power plants and today’s fastest-growing source of energy worldwide. The key to moving Cascadia’s economies away from fossil fuels, according to the latest research, is building more, prompting power companies to invest in carbon-free electricity as our go-to “fuel.”

However, doing that in time to help head off a cascading climatic crisis by mid-century means the region must take major steps in the next decade to speed the transition, researchers say. And that will require social buy-in.

The new research highlights three mutually supporting strategies that squeeze out fossil fuels:

Chefs and foodies are well-known fans of natural gas. Why, “Cooking with gas” is an expression for a reason. But one trendy Seattle restaurant-bar is getting by just fine with a climate-friendly alternative: electric induction cooktops.

Induction “burners” are just as controllable as gas burners and even faster to heat and cool, but produce less excess heat and zero air pollution. That made a huge difference to chef Stuart Lane’s predecessors when they launched Seattle cocktail bar Artusi 10 years ago.

Using induction meant they could squeeze more tables into the tight space available next door to Cascina Spinasse — their popular Italian restaurant in Seattle’s vibrant Capitol Hill neighborhood — and lowered the cost of expanding.

Rather than igniting a fossil fuel to roast the surface of pots and pans, induction burners generate a magnetic field that heats metal cookware from inside. For people at home, forgoing gas eliminates combustion by-products, which means fewer asthma attacks and other health impacts.

For Artusi, it eliminated the need for a pricey hood and fans to continuously pump fumes and heat out and pull fresh air in. That made induction the cheaper way to go, even though induction cooktops cost more than conventional gas ranges.

Over the years, they’ve expanded the menu because even guests who come for the signature Amari cocktails often stay for the handmade pasta, meatballs and seasonal sauces. So the initial pair of induction burners has multiplied to nine. Yet Artusi retains a cleaner, quieter and more intimate atmosphere. Yet thanks largely to the smaller fans, “it’s not as chaotic,” said Lane.

And Lane adds, it feels good to be cooking on electricity — which in Seattle proper is about 90 per cent renewable — rather than on a fossil fuel that produces climate-warming greenhouse gases. “You feel like you’re doing something right,” he said.

Lane says he wouldn’t be surprised if induction is the new normal for chefs entering the trade 10 years from now. “They probably would cook with gas and say, ‘Damn it’s hot in here!’” — Peter Fairley

This story is supported in part by a grant from the Fund for Investigative Journalism.

increasing energy efficiency to trim the amount of power we need,

boosting renewable energy to make it possible to turn off climate-wrecking fossil-fuel plants, and

plugging as much stuff as possible into the electrical grid.
Recent studies in B.C. and Washington state, and underway for Oregon, point to efficiency and electrification as the most cost-effective route to slashing emissions while maintaining lifestyles and maximizing jobs. A recent National Academies of Science study reached the same conclusion, calling electrification the core strategy for an equitable and economically advantageous energy transition, while abroad New Zealand's electrification push is asking whether electricity can replace fossil fuels in time.

However, technologies don’t emerge in a vacuum. The social and economic adjustments required by the wholesale shift from fossil fuels that belch climate-warming carbon emissions to renewable power can still make or break decarbonization, according to Jim Williams, a University of San Francisco energy expert whose simulation software tools have guided many national and regional energy plans, including two new U.S.-wide studies, a December 2020 analysis for Washington state and another in process for Oregon.

Williams points to vital actions that are liable to rile up those who lose money in the deal. Steps like letting trees grow many decades older before they are cut down, so they can suck up more carbon dioxide — which means forgoing quicker profits from selling timber. Or convincing rural communities and conservationists that they should accept power-transmission lines crossing farms and forests.

“It’s those kinds of policy questions and social acceptance questions that are the big challenges,” said Williams.

Washington, Oregon and B.C. already mandate growing supplies of renewable power and help cover the added cost of some electric equipment, and across the border efforts at cleaning up Canada's electricity are critical to meeting climate pledges. These include battery-powered cars, SUVs and pickups on the road. Heat pumps — air conditioners that run in reverse to push heat into a building — can replace furnaces. And, at industrial sites, electric machines can take the place of older mechanical systems, cutting costs and boosting reliability.

As these options drop in price they are weakening reliance on fossil fuels — even among professional chefs who’ve long sworn by cooking with gas (see sidebar: Cooking quick, clean and carbon-free).

“For each of the things that we enjoy and we need, there’s a pathway to do that without producing any greenhouse gas emissions,” said Jotham Peters, managing partner for Vancouver-based energy analysis firm Navius Research, whose clients include the B.C. government.


What the modelling tells us

Key to decarbonization planning for Cascadia are computer simulations of future conditions known as models. These projections take electrification and other options and run with them. Researchers run dozens of simulated potential future energy scenarios for a given region, tinkering with different variables: How much will energy demand grow? What happens if we can get 80 per cent of people into electric cars? What if it’s only 50 per cent? And so on.

Accelerating the transition requires large investments, this modelling shows. Plugging in millions of vehicles and heat pumps demands both brawnier and more flexible power systems, including more power lines and other infrastructure such as bridging the Alberta-B.C. electricity gap that communities often oppose. That demands both stronger policies and public acceptance. It means training and apprenticeships for the trades that must retrofit homes, and ensuring that all communities benefit — especially those disproportionately suffering from energy-related pollution in the fossil fuel era.

Consensus is imperative, but the new studies are bound to spark controversy. Because, while affordable, decarbonization is not free.

The Meikle Wind Project in BC’s Peace River region, the province’s largest, with 61 turbines producing 184.6 MW of electricity, went online in 2017. Photo: Pattern Development.
Projections for British Columbia and Washington suggest that decarbonizing Cascadia will spur extra job-stimulating growth. But the benefits and relatively low net cost mask a large swing in spending that will create winners and losers, and without policies to protect disadvantaged communities from potential energy cost increases, could leave some behind.

By 2030, the path to decarbonization shows Washingtonians buying about $5 billion less worth of natural gas, coal and petroleum products, while putting even more dollars toward cleaner vehicles and homes. No surprise then that oil and gas interests are attacking the new research.

And the research shows a likely economic speed bump around 2030. Economic growth would slow due to increased energy costs as economies race to make a sharp turn toward pollution reductions after nearly a decade of rising greenhouse gas emissions.

“Meeting that 2030 target is tough and I think it took everybody a little bit by surprise,” said Nancy Hirsh, executive director of the Seattle-based NW Energy Coalition, and co-chair of a state panel that shaped Washington’s recent energy supply planning.

But that’s not cause to ease up. Wait longer, says Hirsh, and the price will only rise.


Charging up

What most drives Cascadia’s energy models toward electrification is the dropping cost of renewable electricity.

Take solar energy. In 2010, no large power system in the world got more than three per cent of its electricity from solar. But over the past decade, solar energy’s cost fell more than 80 per cent, and by last year it was delivering over nine per cent of Germany’s electricity and over 19 per cent of California’s.

Government mandates and incentives helped get the trend started, and Canada's electricity progress underscores how costs continue to fall. Once prohibitively expensive, solar’s price now beats nuclear, coal and gas-fired power, and it’s expected to keep getting cheaper. The same goes for wind power, whose jumbo jet-sized composite blades bear no resemblance to the rickety machines once mocked by Big Oil.

In contrast, cleaning up gas- or coal-fired power plants by equipping them to capture their carbon pollution remains expensive even after decades of research and development and government incentives. Cost overruns and mechanical failures recently shuttered the world’s largest “low-carbon” coal-fired power plant in Texas after less than four years of operation.

Retrofits enabled this coal-fired plant in Texas to capture some of its carbon dioxide pollution, which was then injected into aging oil wells to revive production. But problems made the plant’s coal-fired power — which is being priced out by renewable energy — even less competitive and it was shut down after three years in 2020. Photo by NRG Energy.
Innovation and incentives are also making equipment that plugs into the grid cheaper. Electric options are good and getting better with a push from governments and a self-reinforcing cycle of performance improvement, mass production and increased demand.

Battery advances and cost cuts over the past decade have made owning an electric car cheaper, fuel included, than conventional cars. Electric heat pumps may be the next electric wave. They’re three to four times more efficient than electric baseboard heaters, save money over natural gas in most new homes, and work in Cascadia’s coldest zones.

Merran Smith, executive director of the Vancouver-based non-profit Clean Energy Canada, says that — as with electric cars five years ago — people don’t realize how much heat pumps have improved. “Heat pumps used to be big huge noisy things,” said Smith. “Now they’re a fraction of the size, they’re quiet and efficient.”

Electrifying certain industrial processes can also cut greenhouse gases at low cost. Surprisingly, even oil and gas drilling rigs and pipeline compressors can be converted to electric. Provincial utility BC Hydro is building new transmission lines to meet anticipated power demand from electrification of the fracking fields in northeastern British Columbia that supply much of Cascadia’s natural gas.


Simulating low-carbon living

The computer simulation tools guiding energy and climate strategies, unlike previous models that looked at individual sectors, take an economy-wide view. Planners can repeatedly run scenarios through sophisticated software, tinkering with their assumptions each time to answer cross-cutting questions such as: Should the limited supply of waste wood from forestry that can be sustainably removed from forests be burned in power plants? Or is it more valuable converted to biofuel for airplanes that can’t plug into the grid?

Evolved Energy Research, a San Francisco-based firm, analyzed the situation in Washington. Its algorithms are tuned using data about energy production and use today — down to the number and types of furnaces, stovetops or vehicles. It has expert assessments of future costs for equipment and fuels. And it knows the state’s mandated emissions targets.

Researchers run the model myriad times, simulating decisions about equipment and fuel purchases — such as whether restaurants stick with gas or switch to electric induction “burners” as their gas stoves wear out. The model finds the most cost-effective choices by homes and businesses that meet the state’s climate goals.

For Seattle wine bar Artusi, going with electric induction cooktops meant they could squeeze more tables into a tight, comfortable space. Standard burners cost less but would have required noisy, pricey fume hoods and fans to suck out the pollutants. For more, see sidebar. Photo: InvestigateWest.
Rather than accepting that optimal scenario and calling it a day, modellers account for uncertainty in their estimates of future costs by throwing in various additional constraints and rerunning the model.

That probing shows that longer reliance on climate-warming natural gas and petroleum fuels increases costs. In fact, all of the climate-protecting scenarios achieve Washington’s goals at relatively low cost, compared to the state’s historic spending on energy.

The end result of these scenarios are net-zero carbon emissions in 2050, echoing Canada's race to net-zero and the growing role of renewable energy, in which a small amount of emissions remaining are offset by rebounding forests or equipment that scrubs CO2 from the air.

But the seeds of that transformation must be sown by 2030. The scenarios identify common strategies that the state can pursue with low risk of future regrets.

One no brainer is to rapidly add wind and solar power to wring out CO2 emissions from Washington’s power sector. The projections end coal-fired power by 2025, as required by law, but also show that, with grid upgrades, gas-fired power plants that produce greenhouse gas emissions can stay turned off most of the time. That delivers about 16.2 million of the 44.8 million metric tons of CO2 emissions cut required by 2030 under state law.

All of the Washington scenarios also jack up electricity consumption to power cars and heating. By 2050, Washington homes and businesses would draw more than twice as much power from the grid as they did last year, meaning climate-friendly electricity is displacing climate-unfriendly gasoline, diesel fuel and natural gas. In the optimal case, electricity meets 98 per cent of transport energy in 2050, and over 80 per cent of building energy use.

By 2050, the high-electrification scenarios would create over 60,000 extra jobs across the state, as replacing old and inefficient equipment and construction of renewable power plants stimulates economic growth, according to projections from Washington, D.C.-based FTI Consulting. Scenarios with less electrification require more low-carbon fuels that cut emissions at higher cost, and thus create 15,000 to 35,000 fewer jobs.

Much of the new employment comes in middle-class positions — including about half of the total in construction — leading to big boosts in employment income. Washingtonians earn over $7 billion more in 2050 under the high-electrification scenarios, compared to a little over $5 billion if buildings stick with gas heating through 2050 and less than $2 billion with extra transportation fuels.


Rocketing to 2030

Evolved Energy’s electrification-heavy decarbonization pathways for Washington dovetail with a growing body of international research, such as that National Academy of Sciences report and a major U.S. decarbonization study led by Princeton University, and in Canada debates like Elizabeth May's 2030 renewable grid goal are testing feasibility. (See Grist’s 100 per cent Clean Energy video for a popularized view of similar pathways to slash U.S. carbon emissions, informed by Princeton modeller Jesse Jenkins.)

 

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Electric vehicles can now power your home for three days

Vehicle-to-Home (V2H) Power enables EVs to act as backup generators and home batteries, using bidirectional charging, inverters, and rooftop solar to cut energy costs, stabilize the grid, and provide resilient, outage-proof electricity.

 

Key Points

Vehicle-to-Home (V2H) Power lets EV batteries run household circuits via bidirectional charging and an inverter.

✅ Cuts energy bills using solar, time-of-use rates, and storage

✅ Provides resilient backup during outages, storms, and blackouts

✅ Enables grid services via V2G/V2H with smart chargers

 

When the power went out at Nate Graham’s New Mexico home last year, his family huddled around a fireplace in the cold and dark. Even the gas furnace was out, with no electricity for the fan. After failing to coax enough heat from the wood-burning fireplace, Graham’s wife and two children decamped for the comfort of a relative’s house until electricity returned two days later.

The next time the power failed, Graham was prepared. He had a power strip and a $150 inverter, a device that converts direct current from batteries into the alternating current needed to run appliances, hooked up to his new Chevy Bolt, an electric vehicle. The Bolt’s battery powered his refrigerator, lights and other crucial devices with ease. As the rest of his neighborhood outside Albuquerque languished in darkness, Graham’s family life continued virtually unchanged. “It was a complete game changer making power outages a nonissue,” says Graham, 35, a manager at a software company. “It lasted a day-and-a-half, but it could have gone much longer.”

Today, Graham primarily powers his home appliances with rooftop solar panels and, when the power goes out, his Chevy Bolt. He has cut his monthly energy bill from about $220 to $8 per month. “I’m not a rich person, but it was relatively easy,” says Graham “You wind up in a magical position with no [natural] gas, no oil and no gasoline bill.”

Graham is a preview of what some automakers are now promising anyone with an EV: An enormous home battery on wheels that can reverse the flow of electricity to power the entire home through the main electric panel.

Beyond serving as an emissions-free backup generator, the EV has the potential of revolutionizing the car’s role in American society, with California grid programs piloting vehicle-to-grid uses, transforming it from an enabler of a carbon-intensive existence into a key step in the nation’s transition into renewable energy.

Home solar panels had already been chipping away at the United States’ centralized power system, forcing utilities to make electricity transfer a two-way street. More recently, home batteries have allowed households with solar arrays to become energy traders, recharging when electricity prices are low, replacing grid power when prices are high, and then sell electricity back to the grid for a profit during peak hours.

But batteries are expensive. Using EVs makes this kind of home setup cheaper and a real possibility for more Americans as the American EV boom accelerates nationwide.

So there may be a time, perhaps soon, when your car not only gets you from point A to point B, but also serves as the hub of your personal power plant.

I looked into new vehicles and hardware to answer the most common questions about how to power your home (and the grid) with your car.


Why power your home with an EV battery

America’s grid is not in good shape. Prices are up and reliability is down, and many state power grids face new challenges from rising EV adoption. Since 2000, the number of major outages has risen from less than two dozen to more than 180 per year, based on federal data, the Wall Street Journal reports. The average utility customer in 2020 endured about eight hours of power interruptions, double the previous decade.

Utilities’ relationship with their customers is set to get even rockier. Residential electricity prices, which have risen 21 percent since 2008, are predicted to keep climbing as utilities spend more than $1 trillion upgrading infrastructure, erecting transmission lines for renewable energy and protecting against extreme weather, even though grids can handle EV loads with proper management and planning.

U.S. homeowners, increasingly, are opting out. About 8 percent of them have installed solar panels. An increasing number are adding home batteries from companies such as LG, Tesla and Panasonic. These are essentially banks of battery cells, similar to those in your laptop, capable of storing energy and discharging electricity.

EnergySage, a renewable energy marketplace, says two-thirds of its customers now request battery quotes when soliciting bids for home solar panels, and about 15 percent install them. This setup allows homeowners to declare (at least partial) independence from the grid by storing and consuming solar power overnight, as well as supplying electricity during outages.

But it doesn’t come cheap. The average home consumes about 20 kilowatt-hours per day, a measure of energy over time. That works out to about $15,000 for enough batteries on your wall to ensure a full day of backup power (although the net cost is lower after incentives and other potential savings).

 

How an EV battery can power your home

Ford changed how customers saw their trucks when it rolled out a hybrid version of the F-150, says Ryan O’Gorman of Ford’s energy services program. The truck doubles as a generator sporting as many as 11 outlets spread around the vehicle, including a 240-volt outlet typically used for appliances like clothes dryers. During disasters like the 2021 ice storm that left millions of Texans without electricity, Ford dealers lent out their hybrid F-150s as home generators, showing how mobile energy storage can bring new flexibility during outages.

The Lightning, the fully electric version of the F-150, takes the next step by offering home backup power. Under each Lightning sits a massive 98 kWh to 131 kWh battery pack. That’s enough energy, Ford estimates, to power a home for three days (10 days if rationing). “The vehicle has an immense amount of power to move that much metal down the road at 80 mph,” says O’Gorman.

 

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U.S. to work with allies to secure electric vehicle metals

US EV Battery Minerals Strategy prioritizes critical minerals with allies, lithium and copper sourcing, battery recycling, and domestic processing, leveraging the Development Finance Corporation to strengthen EV supply chains and reduce reliance on China.

 

Key Points

A US plan to secure critical minerals with allies, boost recycling, and expand domestic processing for EV batteries.

✅ DFC financing for allied lithium and copper projects

✅ Battery recycling to diversify critical mineral supply

✅ Domestic processing with strong environmental standards

 

The United States must work with allies to secure the minerals needed for electric vehicle batteries, addressing pressures on cobalt reserves that could influence supply, and process them domestically in light of environmental and other competing interests, the White House said on Tuesday.

The strategy, first reported by Reuters in late May, will include new funding to expand international investments in electric vehicles (EV) metal projects through the U.S. Development Finance Corporation, as well as new efforts to boost supply from EV battery recycling initiatives.

The U.S. has been working to secure minerals from allied countries, including Canada and Finland, with projects such as Alberta lithium development showing potential. The 250-page report outlining policy recommendations mentioned large lithium supplies in Chile and Australia, the world's two largest producers of the white battery metal.

President Joe Biden's administration will also launch a working group to identify where minerals used in EV batteries and other technologies can be produced and processed domestically.

Securing enough copper, lithium and other raw materials to make EV batteries, amid lithium supply concerns heightened by recent disruptions, is a major obstacle to Biden’s aggressive EV adoption plans, with domestic mines facing extensive regulatory hurdles and environmental opposition.

The White House acknowledged China's role as the world's largest processor of EV metals and said it would expand efforts, including a 100% EV tariff on certain imports, to lessen that dependency.

"The United States cannot and does not need to mine and process all critical battery inputs at home. It can and should work with allies and partners to expand global production and to ensure secure global supplies," it said in the report.

The White House also said the Department of the Interior and others agencies will work to identify gaps in mine permitting laws to ensure any new production "meets strong standards" in terms of both the environment and community input.

The report noted Native American opposition to Lithium Americas Corp's (LAC.TO) Thacker Pass lithium project in Nevada, as well as plans by automaker Tesla Inc (TSLA.O) to produce its own lithium.

The steps come after Biden, who has made fighting climate change and competing with China centerpieces of his agenda, ordered a 100-day review of gaps in supply chains in key areas, including EVs.

Democrats are pushing aggressive climate goals, as Canada EV manufacturing accelerates in parallel, to have a majority of U.S.-manufactured cars be electric by 2030 and every car on the road to be electric by 2040.

As part of the recommendations from four executive branch agencies, Biden is being advised to take steps to restore the country's strategic mineral stockpile and expand funding to map the mineral resources available domestically.

Some of those steps would require the support of Congress, where Biden's fellow Democrats have only slim majorities.

The Energy Department already has $17 billion in authority through its Advanced Technology Vehicles Manufacturing Loan program to fund some investments, and is also launching a lithium-battery workforce initiative to build critical skills.

The program’s administrators will focus on financing battery manufacturers and companies that refine, recycle and process critical minerals, the White House said.

 

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UK firm plans to operate Vietnam mega wind power project by 2025

ThangLong Wind Project Vietnam targets $12b, 3,400 MW offshore wind in Binh Thuan, aligned with PDP8, 2025-2028 timeline, EVN grid integration, and private transmission lines to support renewable energy growth and local industry.

 

Key Points

A $12b, 3,400 MW offshore wind farm off Binh Thuan, aiming first power by 2025 and full capacity by 2028.

✅ 20-60 km offshore; 30-55 m water depth site

✅ Seeks licenses for private transmission lines, beyond EVN

✅ 50% local spend; boosts supply chain and jobs

 

U.K. energy firm Enterprize Energy, reflecting momentum in UK offshore wind, wants to begin operating its $12-billion offshore wind power project in central Vietnam by the end of 2025.
Company chairman Ian Hatton proposed the company’s ThangLong Wind Project in the central province of Binh Thuan be included in Vietnam’s 8th National Power Development Plan, which is being drafted at present, so that at least part of the project can begin operations by the end of 2025 and all of it by 2028.

Renewable energy is a priority in the development plan that the Ministry of Industry and Trade will submit to the government next month. About 37.5 percent of new energy supply in the next decade will come from renewable energy, aligning with wind leading the power mix trends globally, it envisages.

However, due to concerns of overload to the national grid, and as build-outs like North Sea wind farms show similar coordination needs, Hatton, at a Wednesday meeting with Prime Minister Nguyen Xuan Phuc and U.K. Minister of State for Trade Policy Greg Hands, proposed the government gives Enterprize Energy licenses to develop transmission lines to handle future output.

Developing transmission lines in Vietnam has been the exclusive preserve of the national utility Vietnam Electricity (EVN), and large domestic projects such as the Hoa Binh hydropower expansion have typically aligned with this framework.

The 3,400-megawatt ThangLong Wind Project is to be located between 20 and 60 kilometers off the coast of Binh Thuan, mirroring international interest where Japanese utilities in UK offshore wind have scaled similar assets, at a depth of 30-55 meters. Enterprize Energy had said wind resources in this area exceed its expectations.

The project’s construction is expected to stimulate Vietnam’s economic growth, and experiences from U.S. offshore wind competitiveness suggest improving economics, with 50 percent of construction and operational expenses made locally.

Vietnam needs $133.3 billion over the next decade for building new power plants and expanding the grid to meet the growing demand for electricity, while regional agreements like a Bangladesh power supply deal illustrate rising demand, the ministry has estimated.

 

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US Army deploys its first floating solar array

Floating Solar at Fort Bragg delivers a 1 MW DoD-backed floatovoltaic array on Big Muddy Lake, boosting renewable energy, resilience, and efficiency via water cooling, with Duke Energy and Ameresco supporting backup power.

 

Key Points

A 1 MW floating PV array on Big Muddy Lake, built by the US Army to boost efficiency, resilience, and backup power.

✅ 1 MW array supplies backup power for training facilities.

✅ Water cooling improves panel efficiency and output.

✅ Partners: Duke Energy, Ameresco; DoD's first floating solar.

 

Floating solar had a moment in the spotlight over the weekend when the US Army unveiled a new solar plant sitting atop the Big Muddy Lake at Fort Bragg in North Carolina. It’s the first floating solar array deployed by the Department of Defense, and it’s part of a growing current of support in the US for “floatovoltaics” and other innovations like space-based solar research.

The army says its goal is to boost clean energy, support goals in the Biden solar plan for decarbonization, reduce greenhouse gas emissions, and give the nearby training facility a source of backup energy during power outages. The panels will be able to generate about one megawatt of electricity, which can typically power about 190 homes, and, when paired with solar batteries, enhance resilience during extended outages.

The installation, the largest in the US Southeast, is a big win for floatovoltaics, and projects like South Korea’s planned floating plant show global momentum for the technology, which has yet to make a big splash in the US. They only make up 2 percent of solar installations annually in the country, according to Duke Energy, which collaborated with Fort Bragg and the renewable energy company Ameresco on the project, even as US solar and storage growth accelerates nationwide.

Upfront costs for floating solar have typically been slightly more expensive than for its land-based counterparts. The panels essentially sit on a sort of raft that’s tethered to the bottom of the body of water. But floatovoltaics come with unique benefits, complementing emerging ocean and river power approaches in water-based energy. Hotter temperatures make it harder for solar panels to produce as much power from the same amount of sunshine. Luckily, sitting atop water has a cooling effect, which allows the panels to generate more electricity than panels on land. That makes floating solar more efficient and makes up for higher installation costs over time.

And while solar in general has already become the cheapest electricity source globally, it’s pretty land-hungry, so complementary options like wave energy are drawing interest worldwide. A solar farm might take up 20 times more land than a fossil fuel power plant to produce a gigawatt of electricity. Solar projects in the US have already run into conflict with some farmers who want to use the same land, for example, and with some conservationists worried about the impact on desert ecosystems.

 

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