“A low-carbon future will be mineral intensive as clean energy technologies need more materials than fossil-fuel-based electricity generation technologies”
– World Bank
“The transition to a more climate neutral economy is expected generate a doubling of installed wind power, 4 times as many solar parks and 40 times higher production of electric cars by 2030”
More minerals are required in the transition to green energy
Green technologies are more mineral intensive than traditional gas and fueled-based technologies.
A normal electric car has six times the mineral input of a fossil-fueled based car and an offshore wind farm thirteen times the mineral input of a equally sized gas plant.
Mineral intensive new technolgies
In order to avoid severe consequences from climate change and to meet the goals of the Paris-agreement, we will need to extract as much copper from the earth in the next 20 years as we have done for the previous 5000 years.
The demand for lithium and cobalt, both essential in the production of batteries is estimated to be 43-75 times higher in 2040, than it is today.
A successful transtition to clean energy systems is dependant on electric vehicles, solar panels, offshore wind plants and electricity distribution systems. Sufficient supply of the minerals that goes into these technologies will decide whether the green shift will succeed.
Mineralfindings on the Norwegian continental shelf show high consentration of a wide range of minerals. Including lithium, copper, nickel, zink, cobalt and rare earth minerals.
At Seabed Solutions we will use our experience in the development and operation of seabed intervention machines, to build machines that are able to execute sustainable exploration and extraction of subsea minerals.