Empowering Utilities to Participate in the Clean-Energy Transition

March 1, 2019 | 48 views

One of the central challenges in transitioning to a more distributed and decarbonized energy grid is supporting utilities to actively engage and lead by example and innovation, rather than have them remain on the sidelines. This is the emphasis of a large portion of the work of Rocky Mountain Institute’s (RMI’s) Electricity program, and can be observed most directly at the institute’s annual Electricity Innovation Lab (e–Lab) Accelerator event.

Spotlight

TOMRA Systems ASA

TOMRA creates sensor-based solutions for optimal resource productivity helping our customers increase their financial results and reduce their environmental impact. TOMRA was founded in 1972 and started out with design, manufacturing and sale of reverse vending machines (RVMs) for automated collection of used beverage containers. Today the TOMRA Group continues to innovate and provide cutting-edge solutions for optimal resource productivity within two main business areas.

OTHER ARTICLES
STRATEGY AND BEST PRACTICES,ENERGY

How Does Employing Energy Management Systems Helps Businesses?

Article | July 27, 2022

While most businesses presently strive to achieve environmentally friendly operations and lower their carbon footprints, this argument might not sway all businesses or company executives. While using renewable energy sources or energy management systems has clear environmental benefits, businesses that want to improve their operations and decrease overhead expenses should also consider such technologies. A steady and high-quality power supply is required for the smooth running of any kind of industry. Energy management systems (EMS) are used by a variety of industries to provide a consistent and dependable supply of energy. Energy Management Systems: Advantages for a Business Businesses and industries that use energy management solutions often achieve considerably bigger savings than those that do not use such systems. EMS examines all of the company's processes and enhances them for energy savings. The savings realized by the usage of energy management systems have a direct influence on the bottom line. Some of the most significant benefits of energy management systems are listed below. Improved Brand Image Using energy management systems result in lower power usage and, as a consequence, more environmentally friendly operations. Process optimization is recognized by business clients, customers, and suppliers because it shows excellence in planning and management. Better Productivity and Competitive Edge Reducing energy consumption via process optimization and effective load planning not only increases the overall productivity of industrial operations but also helps businesses to catch up with their competitors through continual process development. Cost-Reduction Energy management systems can ensure at least a 20% decrease in energy bills. System administrators can save up to 10% of their total energy expenditures with modest investments and no upfront costs. Supervisors can save up to one-third of their initial overhead expenses by using energy management solutions in a planned and methodical manner. Closing Lines An energy management system can help any organization save money on energy bills. There are many different energy management systems on the market, so make sure you choose one that is the right size for your business. If you're unclear about which system to buy, a good energy monitoring system can help you assess your performance and point you in the correct direction for process improvement.

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SOLAR+STORAGE

The Role of AI Technology in the Renewable Energy Sector

Article | December 17, 2021

Machine learning and artificial intelligence (AI) are two of the most commonly used commercial phrases these days. As a result, companies across sectors are searching for methods to include them in order to optimize and automate their key operations. The energy sector is no exception! Indeed, throughout the years, renewable energy industries (wind, solar, hydro, nuclear) have substantially gained from the potential of machine learning. They were able to reduce their expenses, make better projections, and raise the rate of return on their portfolio. And this tendency is just going to gain momentum. If your company is in the energy industry or utilizes a lot of power, machine learning and AI can help you improve your business performance. But how precisely? Let's get started. Ways in Which AI and Machine Learning are Changing Energy Sector There are a few methods that machine learning and AI can be applied to positively improve the energy industry. Here are a few popular applications currently under development. Predictive Maintenance AI helps match energy output with demand and ensure power grid stability and resilience.In 2003, a low-hanging high-voltage electricity line hit an overgrown tree in Ohio, causing a widespread blackout. There was no power system alarm and no sign of the incident. The electric company didn't notice until three additional power lines failed. This carelessness ultimately brought down the whole grid. The 50 million-person blackout lasted two days. Eleven individuals died, and $6 billion was lost. Predictive maintenance can be implemented using machine learning and IoT Sensors gather operational time series data from electricity lines, equipment, and stations (data accompanied by a timestamp). Machine learning algorithms can then forecast when a component will fail (or n-steps). It can also anticipate machinery's remaining usable life or future breakdown. These algorithms detect machine failure, eliminate blackouts or downtimes, improve maintenance procedures, and reduce maintenance expenses. Grid Management Grid management is a promising AI application in energy. Complex networks distribute electricity to users (also known as the power grid). Generation and demand must always match in the electrical system. Other issues, like blackouts and system breakdowns, can occur. Despite being ancient, pumped hydroelectric storage is the most common way to store energy. It operates by moving water upwards and letting it fall into turbines. Renewable energy makes predicting the grid's power generation challenging. After all, it is affected by a variety of things, like sunlight and wind. Demand Response Large demand shifts can be expensive for nations that depend on renewable energy. As nations migrate to green energy, it's harder to adapt to demand fluctuations. Germany plans to use 80% renewable energy by 2050. Countries such as Germany will encounter two major challenges Demand fluctuations: On some days or times of the year, power consumption soars (on Christmas, for example) Weather volatility: Without wind or clear skies, it might be hard to meet electrical demand. In both circumstances, more stations or fossil fuel-powered facilities must meet demand Solving demand response issues Many nations are partnering with businesses to examine weather forecasts, power demand, etc. Germany's EWeLiNE project forecasts wind and solar energy at a specific moment. This enables the government to use non-renewable energy to meet additional power demand. They utilize enormous historical data sets to train machine learning algorithms, as well as data from wind turbines or solar panels, to properly balance supply and demand. Closing Lines AI increases the potential of humans. Several renewable energy producers are investing in artificial intelligence to boost their businesses.There are numerous uses of artificial intelligence in renewable energy. The fundamental purpose of AI integrated systems is to reduce forecasting issues and incorporate renewable energy into the central energy grid as effectively as possible. AI can also assist renewable energy providers in developing successful plans and policies based on present energy consumption and demand.

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STRATEGY AND BEST PRACTICES

AI in the Renewable Energy Sector: Investment Perspective

Article | July 8, 2022

As the worldwide use of artificial intelligence (AI) in the energy market is expected to reach $7.78 billion by 2024, with a CAGR of 22.49% from 2019 to 2024, it is easy to see why it's a popular topic on the minds of many leading brands in the energy sector, as well as investors looking to reap the future perks that AI could bring to the energy industry. According to BIS Research, North America is expected to be the largest market for AI in energy through 2024. However, Asia-Pacific is expected to rise rapidly over the same time due to the rising need for more decentralized power production. Investment Opportunities in AI-based Energy Industry: Economic Visibility AI's economic viability and progress in the energy business can be attributed to numerous factors, including: The desire to increase operational efficiency. Increased interest in energy efficiency. Decentralized electricity generation is being expanded. Battery storage solutions are gaining popularity. Since artificial intelligence has a wide range of applications, there are several investment opportunities in the energy industry. Upstream Oil and Gas Enhance efficiency and decrease downtime, which is critical for hydrocarbon companies owing to volatile oil prices and demand, to lessen the environmental implications of energy generation and consumption. AI Chatbots AI has the potential to enhance interactions between contact centers and consumers. Utilities that outsource to contact center providers can suffer significant fees. This is where AI, particularly when combined with natural language processing (NLP), can assist contact center operators by listening to conversations and automatically noting information in the appropriate apps, helping operators to make calls more reliable, effective, and satisfying to customers. Smart Homes and Cities AI integration benefits smart meters and smart energy management systems as well. Many residences and towns can utilize AI to collect real-time data and apply it in a number of ways to function more effectively and efficiently, enhancing sustainability while also making a living more comfortable and cities more accessible. Monitoring Trends in Energy Generation and Consumption Artificial intelligence is being utilized to assist energy companies and customers in recognizing and tracking patterns in energy generation and consumption. AI, for example, can predict the potential output of a certain wind or solar plant. Closing Lines Banking, finance, and trade are some of the suitable businesses that can profit. For example, AI and machine learning can be used in algorithmic trading, which involves utilizing computer programs to make trades in the energy business at speeds and frequencies that any human trader would consider inconceivable.

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STRATEGY AND BEST PRACTICES

Technologies Shaping the Future of Renewable Energy

Article | July 8, 2022

Introduction Renewable energy has transformed our planet. It's raised awareness of global warming and climate change. Both governments and ordinary people are seeking to move from fossil fuels to renewable energy because of this awareness. Technology's involvement in this revolution cannot be understated. Thought a few years ago that solar energy would power average houses in small communities. Thanks to the widespread manufacture of lithium-ion batteries, EVs will be the next big thing. Major Renewable Energy Technologies Transforming the Future Power-to-X Despite the name, this is not a conspiracy theory about global dominance. Modern technology converts electricity into synthetic fuels, thermal energy, and hydrogen. This breakthrough technology can minimize fossil fuel dependence by focusing on synthetic ones. It can also help with efficient storage solutions. Green Appliances and Machines Leading household appliance makers are launching solar-powered appliances. This is a wonderful start toward minimizing family power expenses. Many households have begun to invest in gadgets such as solar air conditioners. Distributed Generation Systems Several locations are experimenting with distributed generation. This reduces dependence on a centralized grid and simplifies transmission and distribution. It also reduces grid dependability and failures. Electrification Most European nations are actively electrifying to cut carbon emissions. This is not the same as a power supply. Rather, it implies developing assets and infrastructure that can shift and aid in the adoption of electricity. Providing public EV charging stations is a step towards electrification. Closing Lines Prominent private companies such as Google, Apple, and Microsoft have made significant commitments to renewable energy in recent years. While some governments are actively attempting to make the shift, others have yet to take environmental challenges such as global warming and climate change seriously. Technological breakthroughs are helping to make the transition to renewable energy greener, quicker, and more economical.

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Spotlight

TOMRA Systems ASA

TOMRA creates sensor-based solutions for optimal resource productivity helping our customers increase their financial results and reduce their environmental impact. TOMRA was founded in 1972 and started out with design, manufacturing and sale of reverse vending machines (RVMs) for automated collection of used beverage containers. Today the TOMRA Group continues to innovate and provide cutting-edge solutions for optimal resource productivity within two main business areas.

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SUSTAINABILITY

GKN Hydrogen, SoCalGas and the National Renewable Energy Laboratory agree to collaborate

GKN Hydrogen | July 01, 2022

GKN Hydrogen and Southern California Gas Co. (SoCalGas) announced the companies will work with the U.S. Department of Energy's (DOE's) National Renewable Energy Laboratory (NREL) on an innovative green hydrogen storage solution. GKN Hydrogen's HY2MEGA can enable safe, long duration clean energy storage without the need for compression. At scale, this combined technology could provide resilient power in case of widespread outages. It also highlights the technologies needed to reach carbon neutrality and accelerate clean fuel initiatives. Two HY2MEGA hydrogen storage subsystems will connect to an electrolyzer and fuel cell at the ARIES facility on NREL's Flatirons Campus near Boulder, Colorado. The electrolyzer will use renewable sources and produce green hydrogen to be stored in the HY2MEGA. The HY2MEGA stores the hydrogen in a solid state (metal hydrides), under low pressure in a compact footprint. According to GKN Hydrogen, its one of the safest ways to store hydrogen. The fuel cell will then convert the green hydrogen to produce renewable electricity. The two HY2MEGA's will add an additional 500 kgs of hydrogen storage on site. The three-year project is set to launch at the end of this year. SoCalGas will leverage the large-scale hydrogen storage capabilities of GKN Hydrogen's HY2MEGA from this project to help accelerate the commercialization and deployment of green hydrogen projects. Ultimately, green hydrogen generation and storage will help decarbonize the energy system while assuring stability of the electrical grid to enable even higher penetrations of renewable sources of electricity." Neil Navin, vice president of clean energy innovations at SoCalGas "This project is exactly what the ARIES platform was designed for: demonstrate the benefits of a new technology that efficiently stores energy produced from renewable electricity," said Katherine Hurst, group manager and research scientist at NREL. "It brings together a national laboratory, a clean energy technology developer, and a large utility to work on solutions that help decarbonize the power grid. We are looking forward to working with GKN Hydrogen and SoCalGas to advance this technology." "Collaborations on green hydrogen projects are essential as we tackle this climate emergency," said Frank Wolak, President and CEO of the Fuel Cell and Hydrogen Energy Association (FCHEA). "This project will demonstrate how hydrogen storage can help reduce carbon emissions and is an innovative step towards a clean future for everyone." Bruno Biasiotta, Chief Executive Officer at GKN Hydrogen said, "We are really honored to be working with great organizations like NREL and SoCalGas to validate and demonstrate green hydrogen as a megawatt scale energy source. To accelerate the energy transition hydrogen cannot just be part of the discussion, it must be part of the solution. This project will demonstrate that large scale green hydrogen storage with HY2MEGA can be used to help decarbonize and accelerate the shift to cleaner fuels." About GKN Hydrogen GKN Hydrogen is pioneering safe, emission-free green hydrogen storage to help organizations and societies around the world achieve their carbon neutrality goals today, and in the years to come. By leveraging GKN's world-leading position in powder metal solutions, they are bringing to market green, safe, and compact hydrogen storage solution based on metal hydrides and offering a range of modular HY2 energy systems. About SoCalGas Headquartered in Los Angeles, SoCalGas is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas aspires to achieve net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills, and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy services holding company based in San Diego.

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FOOD SYSTEMS

Medallion Launches New Clean Energy Technology Strategy

Medallion | April 27, 2022

Medallion Resources Ltd., is pleased to announce the launch of a new strategic plan (the “Strategic Plan”) to position the Company in the near term as a technology leader within the industries essential to the generation, storage, and efficient use of clean energy. Key parts of the plan include a strengthened executive leadership team, up-listing to Nasdaq Capital Markets, and rebranding as Medallion Innovations Corp. to better reflect the future direction of the Company. Medallion’s focus has been to identify and develop innovative technologies for the rare earth element (“REE”) industry that, when compared with incumbent technologies, are lower cost and reduce the environmental and social impacts of production. Implementation of the new Strategic Plan is intended to enhance Medallion’s existing REE processing technology portfolio by identifying, incubating and gaining exclusive rights to the commercialization of additional innovative technology platforms across the entire REE value chain and broadening its focus to include other high-performance materials. Medallion believes that its technology portfolio will continue to facilitate the production of materials, deployment of processes, and/or generation of essential data for the clean energy transition. The clean energy transition, involving the widespread generation of renewable energy and the electrification of transport is now demonstrating dramatic growth that is at risk because of weaknesses in global supply chains. Medallion’s new Strategic Plan reflects the global shift from fossil fuel-based to a minerals-based economy centered on “friendly nations” and is intended to position the Company for better access to capital, a larger playing field, and importantly the ability to build a team with the essential skills and experience in technology development and commercialization. Medallion believes that up-listing to the Nasdaq Capital Markets (“NasdaqCM”) will significantly strengthen the Company’s profile and increase the capacity for US and international shareholders to invest in the REE and clean energy technology sectors. Upon completion of the Nasdaq up-listing, Alfredo Ramos Plasencia will join the Company as Chief Executive Officer and Director, while Dr. Kurt Forrester will join the management team as Chief Technology Officer and continue to serve as a Director. Mark Saxon will continue as a Director and assume a business development role focused on mining industry opportunities. As previously announced, the Company has engaged Chardan Capital Markets LLC (“Chardan”) to advise on an up-listing and simultaneous financing. The up-listing to the NasdaqCM is conditional on Nasdaq accepting the Company’s listing application, including the Company’s plan to meet the Initial Listing Requirements, and a registration statement being declared effective by the U.S. Securities and Exchange Commission (“SEC”). The Company is preparing to file a registration statement with the SEC on Form F-1 before the Annual General and Special Meeting of Shareholders (the “Shareholders’ Meeting”) on May 27, 2022 in Vancouver, B.C. Medallion has begun the Nasdaq listing application process and has reserved the trading symbol “MDL” for trading on NasdaqCM after the up-list. Medallion President & CEO Mr. Saxon stated “Medallion is setting the course for a strong and positive impact in the supply of materials and technologies for the energy transition. Our recent successful partnerships in the REE sector, based on deep industry knowledge and connections, have laid the groundwork for where we see many value-add opportunities. The proposed business and management changes deliver the opportunity to accelerate in line with the renewable energy and EV markets.” “I am excited to be entrusted with the CEO role at Medallion at this key time in the Company’s history. My experience in the identification, incubation and commercialization of breakthrough technologies matches well with the new Strategic Plan. Medallion’s past investment in REEs and methodology in identifying new investment opportunities provides an excellent platform for future development.” -Mr. Ramos Medallion – the New Vision The clean energy transition has triggered a fundamental change in the consumption of materials, as single-use oil, gas and coal is replaced by renewable energy alternatives. Energy generation and storage is now increasingly linked to high performance, critical raw materials at a time of heightened supply chain vulnerability, which has been exacerbated by the COVID-19 pandemic and recent geopolitical instability. Over the past decade, the U.S., Europe, Japan, and Korea have increasingly focused on the supply chain for critical minerals and, in the U.S., REE supply chain resilience is a bipartisan issue.

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ENERGY

JA Solar's DeepBlue 3.0 Awarded with UL Environmental Product Declaration Certification

JA Solar Technology Co., Ltd. | March 04, 2022

JA Solar's DeepBlue 3.0, among multiple JA Solar PV modules, was recently awarded with an Environmental Product Declaration (EPD) certification by UL, the global safety science leader. The UL EPD report, also accredited by EPD Italy, gives a comprehensive assessment of the environmental impact of the product over its entire life cycle, including possible impacts such as global warming, smog, ozone depletion, acidification, ecotoxicity, etc., and is applicable to the two global leading markets America and Europe. The assessment process follows ISO 14025 and EN 15804 standards, and its assessment result provides an important reference for investors to choose low-carbon products. While PV power is a renewable energy with great potential for development and application, the impact of PV products on the environment over the entire life cycle has been one of concern in the end-use market. Therefore, JA Solar always follows the path of green development, by applying the concept of green environmental protection throughout the entire life cycle of its products, including R&D, production, packaging, logistics and product recycling, so as to reduce environmental impact and resource consumption. During the process of product manufacturing, JA Solar actively advocates the application of green energy. Its production bases utilize roof space, carports, and other unused spaces to install PV systems to generate electricity for self-use with surplus electricity injected to the grid, thereby reducing the demand for traditional energy so as to reduce carbon emissions. Among them is JA Solar's manufacturing base in Qujing, Yunnan Province, which, by utilizing rich water resources in the local area, uses clean energy generated by hydropower that accounts for more than 85% of its total energy consumption.

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SUSTAINABILITY

GKN Hydrogen, SoCalGas and the National Renewable Energy Laboratory agree to collaborate

GKN Hydrogen | July 01, 2022

GKN Hydrogen and Southern California Gas Co. (SoCalGas) announced the companies will work with the U.S. Department of Energy's (DOE's) National Renewable Energy Laboratory (NREL) on an innovative green hydrogen storage solution. GKN Hydrogen's HY2MEGA can enable safe, long duration clean energy storage without the need for compression. At scale, this combined technology could provide resilient power in case of widespread outages. It also highlights the technologies needed to reach carbon neutrality and accelerate clean fuel initiatives. Two HY2MEGA hydrogen storage subsystems will connect to an electrolyzer and fuel cell at the ARIES facility on NREL's Flatirons Campus near Boulder, Colorado. The electrolyzer will use renewable sources and produce green hydrogen to be stored in the HY2MEGA. The HY2MEGA stores the hydrogen in a solid state (metal hydrides), under low pressure in a compact footprint. According to GKN Hydrogen, its one of the safest ways to store hydrogen. The fuel cell will then convert the green hydrogen to produce renewable electricity. The two HY2MEGA's will add an additional 500 kgs of hydrogen storage on site. The three-year project is set to launch at the end of this year. SoCalGas will leverage the large-scale hydrogen storage capabilities of GKN Hydrogen's HY2MEGA from this project to help accelerate the commercialization and deployment of green hydrogen projects. Ultimately, green hydrogen generation and storage will help decarbonize the energy system while assuring stability of the electrical grid to enable even higher penetrations of renewable sources of electricity." Neil Navin, vice president of clean energy innovations at SoCalGas "This project is exactly what the ARIES platform was designed for: demonstrate the benefits of a new technology that efficiently stores energy produced from renewable electricity," said Katherine Hurst, group manager and research scientist at NREL. "It brings together a national laboratory, a clean energy technology developer, and a large utility to work on solutions that help decarbonize the power grid. We are looking forward to working with GKN Hydrogen and SoCalGas to advance this technology." "Collaborations on green hydrogen projects are essential as we tackle this climate emergency," said Frank Wolak, President and CEO of the Fuel Cell and Hydrogen Energy Association (FCHEA). "This project will demonstrate how hydrogen storage can help reduce carbon emissions and is an innovative step towards a clean future for everyone." Bruno Biasiotta, Chief Executive Officer at GKN Hydrogen said, "We are really honored to be working with great organizations like NREL and SoCalGas to validate and demonstrate green hydrogen as a megawatt scale energy source. To accelerate the energy transition hydrogen cannot just be part of the discussion, it must be part of the solution. This project will demonstrate that large scale green hydrogen storage with HY2MEGA can be used to help decarbonize and accelerate the shift to cleaner fuels." About GKN Hydrogen GKN Hydrogen is pioneering safe, emission-free green hydrogen storage to help organizations and societies around the world achieve their carbon neutrality goals today, and in the years to come. By leveraging GKN's world-leading position in powder metal solutions, they are bringing to market green, safe, and compact hydrogen storage solution based on metal hydrides and offering a range of modular HY2 energy systems. About SoCalGas Headquartered in Los Angeles, SoCalGas is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas aspires to achieve net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills, and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy services holding company based in San Diego.

Read More

FOOD SYSTEMS

Medallion Launches New Clean Energy Technology Strategy

Medallion | April 27, 2022

Medallion Resources Ltd., is pleased to announce the launch of a new strategic plan (the “Strategic Plan”) to position the Company in the near term as a technology leader within the industries essential to the generation, storage, and efficient use of clean energy. Key parts of the plan include a strengthened executive leadership team, up-listing to Nasdaq Capital Markets, and rebranding as Medallion Innovations Corp. to better reflect the future direction of the Company. Medallion’s focus has been to identify and develop innovative technologies for the rare earth element (“REE”) industry that, when compared with incumbent technologies, are lower cost and reduce the environmental and social impacts of production. Implementation of the new Strategic Plan is intended to enhance Medallion’s existing REE processing technology portfolio by identifying, incubating and gaining exclusive rights to the commercialization of additional innovative technology platforms across the entire REE value chain and broadening its focus to include other high-performance materials. Medallion believes that its technology portfolio will continue to facilitate the production of materials, deployment of processes, and/or generation of essential data for the clean energy transition. The clean energy transition, involving the widespread generation of renewable energy and the electrification of transport is now demonstrating dramatic growth that is at risk because of weaknesses in global supply chains. Medallion’s new Strategic Plan reflects the global shift from fossil fuel-based to a minerals-based economy centered on “friendly nations” and is intended to position the Company for better access to capital, a larger playing field, and importantly the ability to build a team with the essential skills and experience in technology development and commercialization. Medallion believes that up-listing to the Nasdaq Capital Markets (“NasdaqCM”) will significantly strengthen the Company’s profile and increase the capacity for US and international shareholders to invest in the REE and clean energy technology sectors. Upon completion of the Nasdaq up-listing, Alfredo Ramos Plasencia will join the Company as Chief Executive Officer and Director, while Dr. Kurt Forrester will join the management team as Chief Technology Officer and continue to serve as a Director. Mark Saxon will continue as a Director and assume a business development role focused on mining industry opportunities. As previously announced, the Company has engaged Chardan Capital Markets LLC (“Chardan”) to advise on an up-listing and simultaneous financing. The up-listing to the NasdaqCM is conditional on Nasdaq accepting the Company’s listing application, including the Company’s plan to meet the Initial Listing Requirements, and a registration statement being declared effective by the U.S. Securities and Exchange Commission (“SEC”). The Company is preparing to file a registration statement with the SEC on Form F-1 before the Annual General and Special Meeting of Shareholders (the “Shareholders’ Meeting”) on May 27, 2022 in Vancouver, B.C. Medallion has begun the Nasdaq listing application process and has reserved the trading symbol “MDL” for trading on NasdaqCM after the up-list. Medallion President & CEO Mr. Saxon stated “Medallion is setting the course for a strong and positive impact in the supply of materials and technologies for the energy transition. Our recent successful partnerships in the REE sector, based on deep industry knowledge and connections, have laid the groundwork for where we see many value-add opportunities. The proposed business and management changes deliver the opportunity to accelerate in line with the renewable energy and EV markets.” “I am excited to be entrusted with the CEO role at Medallion at this key time in the Company’s history. My experience in the identification, incubation and commercialization of breakthrough technologies matches well with the new Strategic Plan. Medallion’s past investment in REEs and methodology in identifying new investment opportunities provides an excellent platform for future development.” -Mr. Ramos Medallion – the New Vision The clean energy transition has triggered a fundamental change in the consumption of materials, as single-use oil, gas and coal is replaced by renewable energy alternatives. Energy generation and storage is now increasingly linked to high performance, critical raw materials at a time of heightened supply chain vulnerability, which has been exacerbated by the COVID-19 pandemic and recent geopolitical instability. Over the past decade, the U.S., Europe, Japan, and Korea have increasingly focused on the supply chain for critical minerals and, in the U.S., REE supply chain resilience is a bipartisan issue.

Read More

ENERGY

JA Solar's DeepBlue 3.0 Awarded with UL Environmental Product Declaration Certification

JA Solar Technology Co., Ltd. | March 04, 2022

JA Solar's DeepBlue 3.0, among multiple JA Solar PV modules, was recently awarded with an Environmental Product Declaration (EPD) certification by UL, the global safety science leader. The UL EPD report, also accredited by EPD Italy, gives a comprehensive assessment of the environmental impact of the product over its entire life cycle, including possible impacts such as global warming, smog, ozone depletion, acidification, ecotoxicity, etc., and is applicable to the two global leading markets America and Europe. The assessment process follows ISO 14025 and EN 15804 standards, and its assessment result provides an important reference for investors to choose low-carbon products. While PV power is a renewable energy with great potential for development and application, the impact of PV products on the environment over the entire life cycle has been one of concern in the end-use market. Therefore, JA Solar always follows the path of green development, by applying the concept of green environmental protection throughout the entire life cycle of its products, including R&D, production, packaging, logistics and product recycling, so as to reduce environmental impact and resource consumption. During the process of product manufacturing, JA Solar actively advocates the application of green energy. Its production bases utilize roof space, carports, and other unused spaces to install PV systems to generate electricity for self-use with surplus electricity injected to the grid, thereby reducing the demand for traditional energy so as to reduce carbon emissions. Among them is JA Solar's manufacturing base in Qujing, Yunnan Province, which, by utilizing rich water resources in the local area, uses clean energy generated by hydropower that accounts for more than 85% of its total energy consumption.

Read More

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