To meet the Paris Climate Accord’s 2°c target, 50% of the world’s energy generation needs to derive from solar and wind, requiring significant distributed energy storage. The number of electric vehicles sold annually will rise from 2 million in 2019 to 50+ million in 2040. The decarbonization of the global economy is going to require a dramatic transition from the hydrocarbon supply chain to energy metals.
Oil and natural gas are broadly distributed globally, energy metals are far more concentrated, and are projected to go into a significant supply deficit as this transition speeds up. Integrated supply chains, where the transparency and security of supply can be achieved, will be critical to sustaining the transition to a green economy.
Integrated Energy Materials takes a holistic view, vertically integrating geographically concentrated energy metals mining into a supply chain that ensures the sustainability of this energy transition.
Source: Benchmark Mineral Intelligence, EIA, USGS.