AI’s Energy Hunger Is Straining America’s Power Grids — And Your Home Appliances

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AI’s Energy Hunger Is Straining America's Power Grids — And Your Home Appliances

Artificial intelligence (AI) is revolutionizing industries, but it’s also creating significant challenges for power grids across the U.S. The rapid rise of AI data centers is consuming enormous amounts of electricity, disrupting the flow of power, and causing issues for millions of Americans. 

A closer look by Bloomberg reveals how these facilities impact homes and the national grid.

The Hidden Cost of the AI Boom: Distorted Power Supply

AI data centers are concentrated near major cities like Chicago and Northern Virginia’s “data center alley,” where distorted power is becoming a growing concern. These distortions, known as “bad harmonics,” occur when the smooth wave pattern of electricity is disrupted. 

Think of it like static noise on a speaker when the volume is too high. This irregularity can cause appliances to overheat, motors in refrigerators to rattle, and, in extreme cases, sparks or electrical fires.

Distorted power isn’t just inconvenient—it’s expensive. Harmonics-related issues could lead to billions in damages, as they degrade home electronics and strain the aging infrastructure of power grids.

What Causes Power Distortions?

The surge in AI-driven data centers puts unprecedented pressure on the power grid. Unlike population growth, which creates steady, predictable demand, data centers require massive electricity loads, equivalent to powering thousands of homes.

These facilities are being built faster than grid upgrades can keep up, especially as the nation grapples with aging infrastructure and rising demand for electric vehicles (EVs).

power distortions caused by data center
Note: Map shows local average of sensors’ worst total harmonic distortion readings from February to October; areas with an average of 8% or more are deemed as exceeding accepted industry limits. Significant data center activity is defined as at least 10 MW of live capacity across one or more facilities. Total data center capacity for labeled cities are for the relevant metro areas; Bay Area refers to the San Francisco and Santa Clara metro areas.

Whisker Labs, a company that tracks power quality using sensors in nearly a million homes, found that homes closer to data centers are more likely to experience distorted power. 

According to Bloomberg’s analysis of Whisker Labs’ data, over 75% of areas with severe power distortions are within 50 miles of data centers.

data center effect on power grid

Where Is the Problem Worst?

The issue is particularly bad in areas like Chicago and Northern Virginia. For instance, in Loudoun County, Virginia, home to a massive concentration of data centers, 6% of sensors showed power distortions exceeding the industry limit of 8%.

In Chicago, more than a third of sensors recorded high distortion levels over nine months.

While urban areas are more affected, rural regions aren’t immune. Even in sparsely populated areas, homes near data centers are more likely to experience bad harmonics than those farther away.

Why Bad Harmonics Matter

Poor power quality, such as bad harmonics, reduces efficiency and shortens the lifespan of appliances. Worse, it signals deeper problems in the grid. 

Bad harmonics happen when electrical currents deviate from their smooth, wave-like motion, typically at 60 revolutions per second. Industry engineering standards set acceptable limits for these deviations in local power lines. 

  • If distortions consistently exceed 8% from the ideal wave pattern, they can lower efficiency and cause equipment to wear out more quickly.

Power Distortions Are More Common Near Data Centers

Harmonics are like potholes on a highway—minor at first but potentially catastrophic if ignored. Over time, these disruptions can escalate into voltage surges, flickering lights, and even widespread blackouts.

Thomas Coleman, CEO of Structure Energy Solutions, warns that harmonics are just one symptom of a “perfect storm” of grid stressors. These include extreme weather, the electrification of transportation, and the growing reliance on renewable energy sources.

The U.S. is the global leader in data center capacity, with Northern Virginia hosting more than twice the operational capacity of its next biggest competitor, Beijing. Yet, the country’s power grid hasn’t been adequately prepared for the surge in demand. 

The nation’s electricity use will rise 16% in the next 5 years—triple the growth forecasted just a year ago—driven largely by data centers. And AI power-hunger will double data center’s energy requirements by 2030. 

US data centers power use under 4 scenarios EPRI analysis

As the AI boom continues, the risk of grid failures and power distortions is likely to increase. Most utilities lack the tools to measure harmonics at the residential level, making it harder to address the problem.

Are There Solutions?

Fortunately, there are ways to manage these challenges. Data centers in Virginia are now required to build their own substations and transformers, isolating them from residential power circuits. Additionally, utilities are installing filters and capacitors to stabilize the flow of electricity and reduce harmonics.

Dominion Energy, which serves much of Northern Virginia, is building a new transmission line to improve reliability in “data center alley.” 

However, even these efforts may fall short as hundreds more data centers come online in the next few years.

The North American Electric Reliability Corporation (NERC) is studying the impact of data centers on power systems and plans to release a report in 2025. Their findings could help shape strategies to strengthen the grid and ensure power quality for consumers.

Why Power Quality is Important

Most people don’t think about the quality of electricity flowing through their homes, but it’s a critical issue. Poor power quality can cause long-term damage to appliances, increase energy costs, and pose safety risks. 

Carrie Bentley, CEO of Gridwell Consulting, believes the problem can be solved if addressed early. She particularly said that:

“If you know it exists, it is easy to fix.” 

Improving power quality is also about fairness. Consumers pay for reliable electricity, and utilities are responsible for delivering it. Hasala Dharmawardena, a senior engineer at NERC, emphasized this noting that:

“Embedded in your contract with your utility is the right to receive a certain quality of power.” 

As AI transforms industries and accelerates data center growth, its energy demands will continue to strain power grids. Addressing the issue will require investment in infrastructure, stricter regulations, and new technologies to monitor and manage power quality. By taking action now, utilities and regulators can protect homes, preserve appliances, and ensure the grid can support the digital economy of the future.

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LanzaTech and Technip Energies Win $200 Million DOE Funding for Innovative CO2-to-Ethylene Project

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ethylene lanzatech

LanzaTech Global, Inc. (NASDAQ: LNZA) and Technip Energies, a leading French engineering company focused on clean energy, recently secured funding of $200 million from the U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED). This funding will support their joint project, known as Project SECURE (Sustainable Ethylene from CO2 Utilization with Renewable Energy).

Arnaud Pieton, CEO at Technip Energies noted,

“We are pleased to receive the Phase 1 award from the OCED and begin the engineering design work to progress the development of this innovative technology. The global population is expected to continue to rise by 2050, bringing with it a greater demand for consumer goods that rely on ethylene. While addressing this growing demand, we absolutely need to decarbonize ethylene production. We not only need to do something about carbon but very importantly with carbon. That is what our partnership with LanzaTech on this technology is all about. Leveraging our long-lasting leadership in ethylene, we are committed, together with LanzaTech, to develop this technology at scale and continue to explore ways to decarbonize ethylene production.”

Turning Carbon into Ethylene: A Game-Changing Solution

Project SECURE, led by Technip Energies and LanzaTech, introduces a revolutionary way to produce sustainable ethylene for commercial use.

As defined in the press statement,

  • The process takes captured carbon dioxide from ethylene production and recycles it with low-carbon intensity hydrogen to create sustainable ethanol and ethylene.

This scalable solution could transform ethylene production globally by replacing fossil fuels. It further highlights the companies’ commitment to lower emissions while advancing clean energy goals.

Technip Energies and LanzaTech plan to launch the project in the U.S. Gulf Coast region, integrating directly into an existing ethylene cracker. There are over 370 ethylene steam crackers worldwide. Eight of these in the U.S. use Technip Energies’ technology. Thus, it creates huge potential for replicating the process globally.

Dr. Jennifer Holmgren, Chair and CEO of LanzaTech stated,

“We are thrilled to reach this milestone and commence work on this important project. Ethylene is a key building block for thousands of chemicals and materials, and is often referred to as the world’s most important chemical. Our project not only increases the efficiency and value of existing ethylene production infrastructure, but also creates high-quality jobs and supports local communities. Circularizing our global carbon economy requires combining ambition with action, and we are grateful for the shared vision and support of the OCED to advance this replicable technology, strengthening our domestic manufacturing base for valuable commodities.”

OCED’s Phased Approach for Oversight and Funding

The Office of Clean Energy Demonstrations (OCED) is driving clean energy innovation by partnering with private companies to deliver large-scale demonstration projects. Their goal is to speed up the adoption of clean energy solutions and ensure a fair transition to a decarbonized future.

OCED has pledged up to $200 million for Project SECURE, covering design, engineering, construction, and equipment for a commercial-scale integrated technology unit. The first phase has received nearly $20 million.

During this phase, Technip Energies and LanzaTech will complete a Front-End Engineering Design (FEED) study. They will prepare detailed project plans, fulfill requirements for the National Environmental Policy Act (NEPA) review, and collaborate with local communities and labor groups.

The oversight will extend to monitoring Project SECURE’s progress at each stage. OCED will evaluate the project’s implementation quality, community benefits, and overall advancement before approving further funding. This phased approach ensures accountability of both companies and aligns with their mission to support impactful projects.

Beyond Ethylene: LanzaTech’s Carbon Recycling for All Industries

LanzaTech has been operating at a commercial scale since 2018, leading the way in carbon recycling technology. Supported by past DOE funding, the company goes beyond ethylene production to capture waste carbon from energy-intensive industries. Instead of releasing or sequestering emissions, they transform them into valuable ethanol and raw materials.

For example: LanzaTech results in taking carbon sources from steel mills

LanzaTechSource: LanzaTech

Innovative Biorecycling Process

The company’s process mimics a brewery but with an interesting twist. Instead of using yeast to convert sugar into alcohol, its proprietary microbes consume carbon emissions to produce ethanol and other building blocks. These materials can then be turned into fuels, chemicals, and consumer goods.

This is how LanzaTech works with industries to turn waste carbon into valuable products instead of letting it go to landfills or the atmosphere. They call it a “CarbonSmart” initiative. This innovative technology not only lowers emissions but also demonstrates how waste can power a cleaner, smarter world.

Notably, every year, approximately 500 million tonnes of carbon are embedded into materials and chemicals, with 88% coming from virgin fossil sources.

Technip Energies: Pioneering Clean Energy Solutions Worldwide

Technip Energies is a global leader in technology and engineering. They are driving innovation in key areas like LNG, hydrogen, ethylene, sustainable chemistry, and CO2 management. The company plays a vital role in advancing energy, decarbonization, and circular economy markets.

Through its two core business segments—Technology, Products, and Services (TPS) and Project Delivery—Technip Energies turns innovative ideas into scalable industrial solutions.

In 2023, the company generated €6 billion in revenue and is listed on Euronext Paris. Its American Depositary Receipts also trade over the counter.

Reducing Greenhouse Gas Emissions

Revealed in the latest sustainability report, the company’s direct (scope 1) and indirect (scope 2) emissions come from office operations, industrial sites, and data centers. Their goal is to reduce scope 1 and 2 emissions by 30% by 2025 and achieve net zero by 2030.

Technip EnergiesSource: Technip Energies

In 2023, Technip Energies reported total scope 1 and 2 greenhouse gas emissions of 18,845 tonnes CO2eq (location-based) and 14,743 tonnes CO2eq (market-based)

  • The company achieved a 28% reduction in market-based emissions compared to the 2021 baseline. This reflects significant progress toward its sustainability goals.

Overall, this funding is a great backup for LanzaTech and Technip Energies to advance carbon recycling for a low-carbon future.

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Why Cleantech Funding Slowed Down in 2024—And Where It Still Boomed?

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cleantech

According to the latest Crunchbase report, global investment in sustainability is hitting a four-year low. To be more precise, this was a year of lull for cleantech equity funding with dropping deal counts. All data and analysis indicated a slowdown across the board.

However, the story isn’t all grim.

While major sectors like batteries, wind, and solar took big hits, others gained momentum. Carbon capture, storage, and reuse saw strong growth. Hydrogen startups also continued to attract significant funding. This shift reflects a strategic focus on areas and specific sectors with high long-term sustainability potential. Notably, investors are doubling down on what they believe will drive future climate solutions.

So, let’s dive deeper into this report…

Big Equity Bets Amid Overall Funding Dip

On a brighter note, even though the overall equity funding has weakened, mega-rounds show cleantech is still attracting major investments. Several companies secured large financings across sectors like fusion energy, carbon capture, energy storage, and electric vehicles (EVs).

cleantech

These deals show a strong focus on innovative solutions for clean energy and sustainability. Here are the top players grabbing massive cleantech deals.

Pacific Fusion

Pacific Fusion, a Fremont, California-based startup, grabbed headlines with a massive $900 million Series A in October. Led by General Catalyst, the investment is a stellar example of high confidence in the company’s ambitious goals. Pacific Fusion is pioneering pulsed magnetic inertial fusion, a technology it claims could deliver “limitless, clean, on-demand power.” This groundbreaking approach has all the potential to transform it into a leader in the race for next-generation energy.

Intersect Power

This month, Intersect Power, a developer of clean energy projects, raised over $800 million. The financing round was led by TPG Rise Climate Fund and Google. Notably, Google has teamed up with Intersect Power and TPG Rise Climate to launch a $20 billion partnership that promises to transform the energy source for data centers. The company’s success is an example of the growing appeal of integrated clean energy projects that directly address large-scale energy needs.

Form Energy

In the energy storage sector, Form Energy secured a $405 million Series F in October, led by T. Rowe Price. The Massachusetts-based company is developing low-cost, long-duration battery systems designed to stabilize renewable energy grids. These advanced systems aim to ensure a reliable power supply even as renewables like wind and solar become more prevalent.

Apart from these mega players other cleantech innovators also secured substantial investments. Crunchbase named carbon transformation company Twelve, battery materials maker Sila, and EV charging provider Electra in their list.  

These standout deals demonstrate that, despite a broader funding decline, transformative technologies in cleantech continue to draw significant capital. Investors are betting big on innovations that promise a sustainable future.

Debt Financing Gains Ground in Cleantech

Another interesting aspect is the rise of debt financing for the cleantech sector this year. It’s a stark contrast to the projected slowdown of equity funding. Crunchbase highlighted that in 2024, at least five debt deals surpassed $1 billion, totaling over $14 billion. This figure represents nearly half the year’s equity funding which shows the emergence of debt financing in cleantech growth.

cleantech

This surge in debt financing reflects a shift in how companies fund their expansion. Infrastructure-heavy cleantech firms, particularly those reaching maturity, are turning to debt for a more sustainable alternative. These companies use their assets and revenue to secure debt which helps them to grow without diluting shares. This approach also attracts investors looking for safer options.

Climate-Focused Investors Dominate 

This year climate-focused funds and strategic investors dominated the cleantech funding space. While general venture and growth firms played a role, most deals were driven by funds and companies with a clear focus on sustainability. Crunchbase data revealed Lowercarbon Capital and Breakthrough Energy Ventures, led the pack, and each involved in at least 34 deals.

Lowercarbon, co-founded by Chris Sacca, the early investor in Twitter and Uber, made waves as a frequent lead investor. One prominent deal was its recent $150 million Series B co-led for Heirloom, a company pioneering in direct air capture technology.

Breakthrough Energy Ventures had a strong year, supporting major funding rounds for Pacific Fusion and Form Energy. The fund also focused on seed and early-stage startups which showcased its commitment to innovation.

TPG Rise, another big player, took part in seven deals but made massive investments in companies like Intersect Power and Twelve. 

Crunhbase also included Chevron and Shell. The former participated in eight deals through its Chevron Technology Ventures and Chevron New Energies divisions. Shell and its venture arm, Shell Ventures, were involved in seven investment deals.

In conclusion, this report shows that while overall cleantech funding declined in 2024, some sectors experienced growth. Last but not least, experts believe that a balance of debt and equity funding is essential to keep the cleantech market thriving in the future.

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Hanwha Qcells Shines with Record-Breaking Solar Cell Efficiency and $1.45 Billion DOE Loan

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Hanwha QCells

Hanwha Qcells, a subsidiary of South Korea’s Hanwha Corp has set a world record for tandem solar cell efficiency. The company’s innovative M10-sized cell, featuring a perovskite-silicon structure, reached an impressive efficiency of 28.6%.

This incredible output surpasses the 27% efficiency of crystalline silicon cells and the 21% typical of standard commercial solar panels. They achieved this milestone just one year after starting large-scale tandem development, promising project size and cost reduction.

Danielle Merfeld, Global CTO at Hanwha Qcells.

“The tandem cell technology developed at Hanwha Qcells will accelerate the commercialization process of this technology and, ultimately, deliver a great leap forward in photovoltaic performance,” said  “We are committed to advancing the next generation of solar energy efficiency and will keep investing significantly in research and development to drive progress in this field, as every kilowatt counts on the path to building a more sustainable future.”  

Hanwha Qcells Redefines Solar Efficiency

The press release mentioned that the R&D team began groundwork in 2016 to develop a commercially feasible tandem solar cell using perovskite top-cell technology and Hanwha Qcells flagship silicon bottom-cell technology.

Eventually, in 2019, the solar giant launched an advanced research center in Pangyo, Korea that would complement their well-established R&D hub in Bitterfeld-Wolfen, Germany. After achieving success with small-area tandem cells, the focus shifted to large-area designs that finally culminated in the record-breaking 28.6% tandem solar cell efficiency.

Designing the Future of Solar

The certified record was verified by the CalLab at the Fraunhofer Institute for Solar Energy Systems (ISE). The high efficiency comes from an innovative design that pairs a perovskite-based top cell with Hanwha Qcells’ proprietary Q.ANTUM silicon bottom-cell technology.

This measurement, taken on a full-area M10-sized cell (approximately 0.36 square feet or 330.56 cm²) used a standard industrial silicon wafer that could be interconnected into an industrial module. The tandem technology stacks a perovskite top cell and a silicon bottom cell to optimize energy capture. Simplifying the technique, the top cell absorbs high-energy light while low-energy light passes through to the bottom cell to maximize power output per module.Hanwha Qcells

So, what’s the advantage? Well, fewer panels generate the same power, which further reduces costs and land use for solar projects.

Significantly, Hanwha Qcells developed this tandem technology with commercial manufacturing in mind. They are focused on going beyond lab-scale demonstrations. With their scalable processes and tools, the company is all geared up for the next generation of efficient, cost-effective solar energy solutions.

Thus, this milestone moves the solar industry closer to the widespread commercialization of more powerful and affordable solar technology.

Robert Bauer, Head of Hanwha Qcells R&D in Germany noted,

“Hanwha Qcells is excited to announce this new world record in tandem cell efficiency based on our in-house developed perovskite technology as a top cell, and cost-efficient Q.ANTUM silicon technology as a bottom cell. The champion cell is a typical cell from our R&D pilot line in Germany and has been fabricated exclusively using processes that are feasible for mass production. This result is laying the groundwork for future commercialization of this exciting technology.”

Global Partnerships Drive Innovation

Hanwha Qcells’ is a global leader in solar energy. This unit manufactures high-performance solar modules and innovative storage systems. They have headquarters in Seoul and South Korea, and manufacturing hubs in the U.S., South Korea, and Malaysia. The company offers end-to-end clean energy solutions for utility, commercial, and residential markets worldwide.

Qcells’ R&D efforts have received significant support. The Pangyo R&D Center recognized as a national research institute, benefits from Korean government funding. Meanwhile, the Bitterfeld-Wolfen center is backed by a global network, including the German Federal Ministry for Economic Affairs and Climate Action, the EU Commission, and the state of Saxony-Anhalt. Collaborative initiatives like the EU’s PEPPERONI project have further fueled progress.

Danielle Merfeld also added,

“We are fortunate to have outstanding global R&D teams and to have received invaluable support from our partners in Korea and Europe, leveraging their resources and expertise. We deeply appreciate everyone dedicated to driving innovations that bring us closer to achieving our climate goals.”

Hanwha Qcells solar energy

DOE Backs Qcells with $1.45 Billion Loan for Solar Supply Chain

The U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) has finalized a $1.45 billion loan to support Qcells’ solar manufacturing facility in Cartersville, Georgia. Initially, in August 2024, DOE announced it as a conditional commitment but with this confirmation, the funding will help build a robust solar supply chain in the U.S.

The company noted that over the past decade, solar installations have surged. The U.S. alone had over 5 million installations, with a target of reaching 10 million by 2030. According to the U.S. Solar Market Insight 2023 Year in Review, total U.S. solar capacity is projected to hit 673 GW by 2034, enough to power over 100 million homes.

Furthermore, the IEA’s Renewables 2024 report predicts that global renewable energy will add 5,500 GW of capacity by 2030, with solar PV technologies driving 80% of this growth.

IEA renewable energy report

Energizing U.S. Solar Innovation

Qcells, a global leader in solar solutions and the largest silicon-based solar panel producer in the Western Hemisphere plans to invest $2.8 billion in this groundbreaking project. The Cartersville facility will produce ingots, wafers, cells, and panels on a multi-gigawatt scale.

Furthermore, on completion, the plant will have a production capacity of 8.4 GW, or approximately 46,000 solar panels per day. Rebuilding these critical parts of the domestic solar supply chain is a huge contribution to the U.S. energy independence and reduced carbon emissions.

Hanwha’s Commitment to Net Zero

Hanwha Solutions 2050 Net Zero goals align with the global target of limiting temperature rise to below 1.5°C. As per its latest sustainability report, it plans to cut Scope 1 and 2 emissions by 35% by 2030 and 60% by 2040, using 2018 as the baseline. 

Some strategies include:

  • improving energy efficiency
  • adopting renewable energy
  • utilizing by-product hydrogen as fuel
  • incorporating carbon capture and utilization (CCU) technologies

The solar giant also purchases renewable energy through KEPCO’s Green Premium program. In 2023, the Chemical Division secured 53.7 GWh, and the Qcells Division obtained 27 GWh.

Notably, Qcells maximizes on-site renewable energy generation. Solar panels installed on rooftops and parking lots now produce 3.9 MW, with plans to add 2 MW in 2024. Last year, these facilities supplied 3.2 GWh of clean energy.

In conclusion, the DOE’s loan is a testament to the solar industry’s vital role in helping American manufacturers compete globally and succeed long-term. And Hanwha Qcells is just doing the job right. It’s advancing scalable manufacturing and high-efficiency solar cells, driving affordable and sustainable solar solutions.

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Li-FT Power Strikes Deal with North Arrow Minerals to Expand Lithium Portfolio in Canada’s Northwest Territories

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LI-ft power

On December 19, Li-FT Power Ltd. (LIFT) announced that it had signed a definitive agreement with North Arrow Minerals Inc. to acquire three lithium projects in Northwest Territories, Canada. In this deal, LIFT will now fully own the DeStaffany, LDG, and Mackay Lithium Projects. In exchange, North Arrow will receive 250,000 common shares of LIFT.

The deal also includes the transfer of reclamation bonds, ensuring responsible environmental practices. However, regulatory approvals are pending for the transaction to close.

Francis MacDonald, CEO and Director of Li-FT Power, commented,

“The acquisition of North Arrow’s lithium portfolio further positions LIFT as the leading lithium exploration company in the Northwest Territories. The DeStaffany Project is located close to our BET and Echo pegmatites which creates synergies from a logistical standpoint, as well as increases the overall resource base for the eastern sector of the Yellowknife Pegmatite Province. The LDG and Mackay properties give LIFT a foothold in an emerging spodumene district located near the Diavik and Ekati diamond mines and provide long-term upside for the Company. We will continue to seek out accretive acquisitions within the Northwest Territories, especially around our existing resource base.”

LIFT lithium north arrow

Li-FT’s Commitment to Lithium Exploration

Li-FT focuses on acquiring and developing lithium projects in Canada, including its flagship Yellowknife Lithium Project, located in the Northwest Territories. In addition to this flagship venture, LIFT owns three early-stage exploration properties in Quebec, which show strong potential for uncovering buried lithium pegmatites.

The company also manages the Cali Project in the Northwest Territories located within the Little Nahanni Pegmatite Group. 

A MESSAGE FROM Li-FT POWER LTD.
This content was reviewed and approved by Li-FT Power Ltd. and is being disseminated on behalf of CarbonCredits.com.

Exploring Hard Rock Lithium Deposits in Canada.

lift power

Lithium, one of the most essential ingredients in the production of batteries, lithium powers some of our most important devices. As you may already know, it will also be one of the hottest resources in the coming decade. And one of the fastest-developing North American lithium juniors is Li-FT Power Ltd (TXSV: LIFT | OTCQX: LIFFF | FRA: WS0).

Learn more about this mineral exploration company engaged in the acquisition, exploration, and development of lithium pegmatite projects >>

Moving on, let’s deep dive into these 3 lithium projects acquired by LIFT POWER.

1. The DeStaffany Lithium Project

The DeStaffany lithium property spans 1,843 hectares along the north-central shore of Great Slave Lake in the Northwest Territories. It lies just 18 kilometers northeast of the Nechalacho mine and 115 kilometers east of Yellowknife.

The property hosts two significant pegmatites—Moose 1 and Moose 2—rich in lithium, tantalum, and niobium. While these pegmatites were explored in the 1940s for tantalum and niobium, their lithium potential remains largely unexplored. Recent discoveries of additional pegmatites by North Arrow highlight further opportunities on the property.

The Moose pegmatites are located within just 1 kilometer from Great Slave Lake. This property benefits from accessibility via Yellowknife and Hay River throughout the year. LIFT plans to advance the project through mapping, sampling, and prospecting. The next phase will focus on preparing for initial drilling to assess the spodumene pegmatites further.

Moose 1 Pegmatite

The Moose 1 pegmatite stretches 370 meters, with widths ranging from 4.5 to 6 meters and a maximum of 11 meters. Although drilling has never been conducted, historical channel sampling in 2009 revealed spodumene mineralization with lithium levels of 1.5% Li2O over 7.5 meters.

Moose 2 Pegmatite

The mining potential of Moose 2 is promising. It has been mapped over a 450-meter strike length and measures up to 30 meters wide. Bulk sampling in the 1940s and 1950s focused on tantalum and niobium, producing concentrates, but its lithium content remains untapped. Spodumene mineralization is widespread, with lithium grades of up to 1.98% Li2O identified along a 250-meter stretch.

The DeStaffany Lithium Project has been blessed with abundant resources and has a strategic location. These advantages contribute significantly to LIFT’s growing portfolio.

lithium

2. The LDG Project

The LDG Project, covering 8,600 hectares is located near Rio Tinto’s Diavik diamond mine. Early exploration has identified ten spodumene pegmatites, with two having outcropping dimensions up to 20 meters wide and 400 meters long. The till-covered terrain offers favorable conditions for discovering buried lithium deposits.

3. The Mackay Project

The Mackay Project, spanning 8,661 hectares, lies south of the Diavik diamond mine. Two spodumene-rich areas have been identified. The MK1 site features pegmatite dykes with lithium grades of up to 3.74% Li2O from grab samples. Meanwhile, the MK3 site includes a 130-meter pegmatite exposure with grades reaching 5.25% Li2O. These findings highlight the high lithium potential of the region.

North Arrow Minerals lithium

Experienced Oversight

The lithium miner significantly highlighted that all technical details in this update were reviewed by Dr. Ron Voordouw, a Qualified Person under NI 43-101 standards. This ensures that the information meets absolute professional and regulatory standards.

North Arrow Driving Exploration Success with Global Expertise

Based in Vancouver, BC, North Arrow Minerals is an exploration company primarily focused on advancing the Kraaipan Gold Project in Botswana. It also explores the diamond potential in the Naujaat (NU), Pikoo (SK), and Loki (NWT) projects.

The company’s leadership team, including its management, board of directors, and advisors, brings extensive and proven expertise in global exploration and mining. Kenneth Armstrong, P.Geo. (NWT/NU, ON), serves as North Arrow’s President and CEO, overseeing exploration programs. He is a Qualified Person under NI 43-101 and ensures all projects adhere to industry standards.

He expressed his opinion on this deal as well, noting, 

“We are pleased to proceed with this transaction as it provides North Arrow with exposure to the continued evaluation of these NWT lithium properties as well as Li-FT’s advanced Yellowknife Lithium Project while allowing our team to focus on exploration of the Kraaipan Gold Project in Botswana, where geophysical surveys, geochemical baseline analyses, and target evaluation are currently underway.”

With these strategic moves, Li-FT strengthens its position in Canada’s growing lithium market, paving the way for sustainable energy solutions.

Disclosure: Owners, members, directors, and employees of carboncredits.com have/may have stock or option positions in any of the companies mentioned: LIFT.

Carboncredits.com receives compensation for this publication and has a business relationship with any company whose stock(s) is/are mentioned in this article.

Additional disclosure: This communication serves the sole purpose of adding value to the research process and is for information only. Please do your own due diligence. Every investment in securities mentioned in publications of carboncredits.com involves risks that could lead to a total loss of the invested capital.

Please read our Full RISKS and DISCLOSURE here.

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Is Bitcoin Mining the Unexpected Solution to Europe’s Energy Challenges?

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bitcoin europe

A recent report from Forbes unveiled that Bitcoin mining is emerging as a unique asset in Europe’s quest for a sustainable energy future. While the sentiment about Bitcoin mining might differ, this technology is smoothly integrating itself with renewable sources. How? For instance, by stabilizing the grid and using the surplus energy, thereby taking the load off the grids.

In this Bitcoin era, Germany is a top leader in Bitcoin mining for sustainability goals. Additionally, Austria and countries outside Europe, like El Salvador have also joined the hype to prove that Bitcoin’s energy requirements can be harnessed for both environmental and economic advantages.

Europe’s Energy Strategy: The Bitcoin Mining Advantage

In Europe, rising geopolitical tensions and high energy costs have forced the nation to rethink its energy strategy. Amidst this crisis, The European Bitcoin Energy Association (EBEA) is leading the efforts to use Bitcoin mining as a solution to Europe’s energy problem.

Rachel Geyer, Chair of EBEA explains,

“Bitcoin miners can switch off when electricity prices surge and switch on when prices drop, making it an ideal partner for stabilizing grids.”

EBEA emphasized that Bitcoin miners, unlike data centers for major tech companies such as Amazon or Facebook, are incredibly adaptable. They can quickly adjust their energy use, making them a responsive energy consumer. This flexibility supports renewable energy production and helps reduce the strain on overloaded power grids.

Germany: A Leader in Sustainable Bitcoin Mining

Forbes exemplified Germany’s engineering expertise as the main driver behind the advancements in sustainable Bitcoin mining. Companies like Terahash are developing cutting-edge solutions, combining mining with renewable energy and heat recovery.

One standout project, Terahash’s “Genesis” facility in Finland, runs entirely on renewable energy. The high-temperature Bitcoin miners produce heat at 70°C, which is fed into a district heating network. This setup provides year-round heating for 12,000 residents, warming homes in winter and supplying hot water in summer.

In Germany, Terahash is working on a project that combines solar power, battery storage, and Bitcoin mining at an industrial park. This setup not only stabilizes the grid but also lowers energy costs for businesses and provides heat for community spaces like schools and event halls.

Matthias Fendt, Head of Operations and Sales at Terahash emphasized,

“The cashback from Bitcoin mining helps reduce costs and cover maintenance. Fully integrated multi-use-case sector coupling projects like these create real value for people and businesses while simultaneously strengthening the decentralization and security of the Bitcoin network. In this way, we promote sustainable prosperity and sovereignty.”

Germany’s New Legislation Powers Bitcoin Mining for Energy Efficiency

Germany’s 60% of its electricity comes from renewable sources like wind and solar. However, the inconsistent nature of these energy sources creates grid stability challenges. And this gap can be filled through this latest technology of sustainable Bitcoin mining.

Considering the potential of bitcoin mining, Germany is introducing legislation that promotes using surplus energy rather than letting it go to waste. This aligns well with the modular nature of Bitcoin mining, which can be deployed where excess energy exists.

Rachel Geyer further added,

“We shouldn’t be curtailing energy production—we should be using it. Bitcoin mining’s modularity allows it to thrive in locations where excess energy would otherwise go to waste.”

In another perspective, although Bitcoin mining shows potential, government subsidies for traditional renewable projects often distort the market. Thus, Geyer warns that such subsidies create solutions that struggle to remain viable once the funding ends.

In contrast, bitcoin mining relies on a market-driven approach, promoting efficiency and sustainability without depending on subsidies.

Bitcoin in Daily Life

Geyer also cited an interesting example of Bitcoin sustainability in daily lives in Germany. A solar-powered car was integrated bitcoin mining into daily operations. The system uses solar energy to power Bitcoin miners, which in turn generate heat for de-icing floors and warming water for cleaning. This innovative setup not only enhances energy efficiency but also highlights how Bitcoin mining can add value to everyday applications.

Austria Turns Surplus Energy into Bitcoin Power

Moving on, in Austria, Bitcoin mining is also holding its ground within the nation’s energy system, turning wasted energy into productive use. The European Bitcoin Energy Association (EBEA) has joined forces with Austrian Power Grid and 21Energy for an innovative pilot project. This initiative focuses on channeling surplus hydroelectric power into Bitcoin mining operations.

Hydropower, along with energy from wind farms, often produces more electricity than is needed. The surplus energy goes to waste, especially during periods of low demand. So instead of letting this clean energy go unused, the project demonstrates how it can be repurposed effectively. By integrating Bitcoin mining into the energy grid, Austria is balancing supply and demand in a way that aligns with its sustainability goals.

This approach not only ensures that renewable energy is utilized completely but also supports the grid system while contributing to Austria’s economic and environmental progress.

Overall, Bitcoin mining is proving its worth beyond generating cryptocurrency. By addressing energy challenges, it is contributing to Europe’s sustainability goals. As Germany and other European nations embrace these possibilities, the synergy between Bitcoin mining and renewable energy could reshape the future of energy systems.

In conclusion, Geyser said,

“This isn’t just about bitcoin. It’s about solving real-world problems with innovative solutions.”

Source: Bitcoin Mining Powers Europe’s Energy Transition During Crisis

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UK Aviation to Face $127 Per Ton of Carbon Fine for CORSIA Non-Compliance

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UK Aviation to Face $127 Per Ton of Carbon Fine for CORSIA Non-Compliance

The aviation industry, responsible for over 2% of global CO₂ emissions, faces mounting pressure to decarbonize. Against this backdrop, the UK has embraced the United Nations’ Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), a global initiative aimed at limiting carbon emissions from international flights. This step aligns with the UK’s broader climate commitments, including its net-zero by 2050 target. 

Here’s a closer look at what’s unfolding and why it matters.

CORSIA: The Global Aviation Emission Standard Taking Flight

CORSIA seeks to cap net emissions from international aviation, one of the fastest-growing emitters, at 2019 levels. It was established by the International Civil Aviation Organization (ICAO) in 2016. 

aviation carbon emissions

The framework requires airlines to offset emissions that exceed the baseline by funding projects that reduce or remove greenhouse gas emissions such as reforestation or renewable energy initiatives. It has three phases:

  1. Pilot (2021-2023), 
  2. First (2024-2026), and 
  3. Second (2027-2035).

The scheme already has 126 participating countries, covering 75% of global aviation activity.

For compliance, airlines must purchase and cancel eligible carbon credits or use CORSIA-eligible sustainable aviation fuels (SAFs). These fuels, derived from renewable sources, significantly lower lifecycle emissions compared to conventional jet fuels.

UK’s Dual Approach: CORSIA Meets the UK ETS

The UK was instrumental in shaping CORSIA and remains a strong proponent of its implementation. Having participated since the pilot phase, the country is now integrating CORSIA alongside its domestic Emissions Trading Scheme (UK ETS). 

Britain’s approach balances international commitments with its domestic climate goals, ensuring minimal economic disruption.

The UK ETS, launched in 2021, applies to domestic flights and certain international routes. Operating on a cap-and-trade principle, it limits total emissions by requiring companies to purchase allowances (or credits) for their emissions. 

Flights from the country to the European Economic Area (EEA) and Switzerland currently fall under both the UK ETS and CORSIA. Thus, this creates potential overlaps. To address this, the UK Department for Transport (DfT) is consulting on two policy options:

  1. UK ETS Only: This option would remove CORSIA obligations for flights already covered by the UK ETS, avoiding double regulation and maintaining the integrity of the domestic scheme.
  2. Price-Based Hybrid: Under this model, flights would comply with both systems, but airlines would receive compensation for CORSIA compliance costs to prevent financial double charging.

Challenges in Implementation

Despite its ambitious goals, implementing CORSIA is not without hurdles. There are three challenges in implementing the scheme:

  • Carbon Credit Uncertainty: The availability and quality of eligible carbon credits remain contentious. Ensuring credits meet rigorous environmental and social standards is essential to maintaining credibility.
  • Administrative Complexity: Aligning CORSIA’s 3-year compliance cycle with the UK ETS’s annual requirements adds a layer of operational complexity.
  • Double Regulation: Balancing compliance under both schemes for flights to the EEA and Switzerland requires careful policy design to prevent inefficiencies.

Financial Implications and Industry Perspectives

To encourage compliance, the UK’s draft legislation proposes fines of £100 ($127) per tonne of CO₂ for non-compliance, indexed for inflation. However, the DfT emphasizes the importance of avoiding excessive cost burdens that could lead to higher ticket prices. 

Policymakers aim to achieve decarbonization without compromising the affordability of air travel.

The International Air Transport Association (IATA) and UK-based airlines broadly support integrating CORSIA. They recognize its role in reducing aviation’s climate impact. 

However, they stress the need for clear rules and effective implementation to avoid market distortions. The Climate Change Committee (CCC) has also advised ensuring strict eligibility criteria for carbon credits and avoiding double compliance burdens.

SAF and The UK’s Roadmap to Achieving Net-Zero Aviation

A critical enabler of aviation decarbonization is the adoption of SAFs. These fuels are eligible under both CORSIA and the UK ETS, offering airlines a way to reduce emissions directly. 

The UK government’s Jet Zero strategy emphasizes increasing SAF production, aligning with international goals under ICAO’s Global Framework for Aviation Cleaner Energies.

The Jet Zero strategy outlines the country’s plan to achieve net-zero aviation by 2050. It emphasizes rapid technology development to preserve the benefits of air travel while leveraging decarbonization opportunities for the UK. 

The UK Jet Zero Roadmap

UK Jet Zero Strategy

The strategy includes a 5-year delivery plan detailing the actions necessary to meet net-zero targets and will be reviewed and updated every five years. Informed by over 1,500 responses from consultations, the strategy also includes the Jet Zero investment flightpath, which is part of the Prime Minister’s Ten-Point Plan for a Green Industrial Revolution. 

The roadmap highlights the UK’s leadership in advancing low- and zero-emission aviation technologies. It has a focus on investment opportunities in systems efficiency, sustainable aviation fuels, and zero-emission aircraft.

The UK’s adoption of CORSIA complements its domestic initiatives to decarbonize aviation. The Jet Zero Taskforce and strategies such as phasing out free ETS allowances for aviation by 2026 underscore a strong commitment to reducing emissions. Combined with advancing SAF technology, these measures are key to achieving net-zero aviation.

As consultations continue, Britain faces crucial decisions on integrating CORSIA with the UK ETS. The chosen approach will shape how airlines balance compliance costs with sustainability goals.

By taking proactive steps, the UK aims to lead global efforts in aviation decarbonization. As the 2025 compliance deadline approaches, the aviation industry stands at a crossroads—with the potential to drive meaningful climate action through innovation and international cooperation.

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Lithium is Driving the EV Boom: Demand to Quadruple by 2030

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Lithium is Driving the Future: Demand to Quadruple by 2030 Amid EV Boom

Lithium and electric vehicles (EVs) have taken center stage in decarbonizing the transportation sector. The demand for lithium—a crucial component in battery technologies—is surging alongside the rapid growth of EV adoption. A recent report by the International Council on Clean Transportation (ICCT), “A Global and Regional Battery Material Outlook”, captured this trend. 

The report further highlights the dynamics of lithium supply and demand, the technological advancements shaping battery performance, and the role of EVs in achieving global sustainability goals. We crunch these aspects in the report, with the following key insights.

Lithium Gold Rush Fueling the EV Boom

Lithium, often called “white gold,” is the backbone of the global push toward electrification. Its role in powering lithium-ion batteries makes it indispensable in EVs, consumer electronics, and renewable energy storage systems. 

  • In 2023, vehicles accounted for 80% of lithium-ion battery demand, a figure expected to rise significantly as EV adoption accelerates worldwide.

With EV battery sizes increasing—offering longer driving ranges—lithium demand is set to quadruple by 2030. Annual requirements could exceed 622 kilotons by 2040 under baseline scenarios, with EVs contributing the lion’s share, per the ICCT report.

Annual global raw material demand for lithium under the Baseline and alternative scenarios ICCT

Lithium-ion batteries’ energy density and lightweight nature make them ideal for applications requiring portability and high performance. 

However, lithium’s significance extends beyond EVs. Renewable energy systems, which rely on grid-scale storage solutions, rapidly drive demand for lithium-based batteries. With governments globally pushing for greener grids, the need for reliable, efficient energy storage has surged, further solidifying lithium’s critical role in the energy transition.

Cracking the Code: Innovations Tackling Lithium Supply Challenges

Meeting surging lithium demand comes with substantial hurdles. Mining and refining capacities need rapid expansion, but several challenges stand in the way. Environmental concerns, land access issues, and lengthy regulatory approval processes often slow the pace of new projects. 

Geopolitical dependencies further complicate lithium supply. China controls around 60% of the global lithium refining capacity, creating vulnerabilities in supply chains heavily reliant on a single region. 

By 2030, operational and highly probable lithium mining capacities could meet 68% of the combined demand for lithium across vehicle and non-vehicular sectors, according to the ICCT analysis. Including all announced mining projects, total capacity could surpass demand, reaching 122% of projected lithium needs.

Annual global lithium raw material demand

Efforts to diversify these operations are underway, with the United States, Australia, and Canada ramping up their domestic capabilities. To mitigate supply risks, the industry is exploring innovative solutions. 

Recycling used lithium-ion batteries presents a significant opportunity. By 2030, recycled lithium could account for up to 10% of global supply, reducing the need for virgin material.

Companies like Redwood Materials and Li-Cycle are advancing recycling technologies, recovering lithium, cobalt, and nickel from spent batteries to reintroduce them into production cycles.

Government policies are playing a vital role in alleviating supply challenges. For example, the Inflation Reduction Act in the United States incentivizes domestic mining and processing, while Europe’s Critical Raw Materials Act aims to build a resilient lithium supply chain within the region.

Despite these efforts, achieving a balance between lithium demand and supply will require sustained investments, technological breakthroughs, and international collaboration. 

EVs Transforming Transportation Worldwide

Electric vehicles (EVs) are reshaping global transportation, offering sustainable alternatives to internal combustion engine (ICE) vehicles. 

EVs are more than a technological shift—they are essential in fostering a cleaner energy future by: 

  1. Decarbonizing economies, 
  2. Reducing greenhouse gas emissions, and 
  3. Minimizing dependence on fossil fuels.
  • By 2030, annual EV sales could surpass 40 million units, comprising nearly half of all light-duty vehicle sales.

This rapid growth is driven by continuous advancements in lithium-ion battery technology, which has increased energy density and reduced costs. EV ownership is projected to match or undercut ICE vehicles by 2027 in many regions, thanks to innovations like silicon anodes for better energy storage and solid-state batteries for enhanced safety and efficiency.

Despite these advancements, challenges persist. Inadequate charging infrastructure limits widespread adoption, though governments and private entities are rapidly expanding networks. 

Europe plans to install over 1 million public chargers by 2025, while similar initiatives are underway in China and the U.S., the largest investors in charging infrastructure.

Global Trends: How Regions Are Leading the EV Charge

The global EV market also shows notable regional dynamics, with China, Europe, and the United States leading the charge. However, emerging markets are beginning to carve out their niches as well.

China: The Global Leader

China continues to dominate the EV market, accounting for more than 60% of global EV battery production and nearly half of EV sales in 2023. The nation’s stronghold on battery manufacturing comes from significant investments in gigafactories and raw material processing facilities. It is also coupled with government subsidies that make EVs more affordable for consumers. 

Announced cell production capacity by market

Additionally, local manufacturers like BYD and NIO are competing directly with global players like Tesla, offering diverse EV models across various price points.

United States: Scaling Domestic Production

The U.S. is accelerating efforts to localize its EV supply chain, supported by initiatives such as the Inflation Reduction Act (IRA) and significant private investments in battery gigafactories. Companies like Tesla, General Motors, and Ford are ramping up EV production. 

Meanwhile, partnerships with battery producers, such as Panasonic and LG Energy Solution, are strengthening domestic capabilities.

The IRA has spurred investments in mining and refining operations within North America, reducing dependency on overseas supply chains. By 2030, the U.S. aims to manufacture at least 20% of global battery capacity, a substantial leap from its current share.

Annual battery demand in the United States

Europe: Prioritizing Sustainability

Europe is positioning itself as a global leader in sustainable EV production. The European Union’s stringent emissions regulations and its Green Deal policies have accelerated the adoption of electric mobility across member states. Countries like Norway, Germany, and the Netherlands are at the forefront, offering generous subsidies and tax incentives for EV buyers.

In addition to fostering demand, Europe is heavily investing in battery production to reduce reliance on imports. Projects like Northvolt in Sweden and partnerships with automakers such as Volkswagen and Renault underscore the region’s commitment to building a self-sufficient EV ecosystem. 

Emerging Markets: A New Frontier

While developed regions dominate the EV market, emerging markets are beginning to embrace electric mobility. Southeast Asia and South America, for instance, are focusing on smaller, more affordable EV models and two-wheelers to cater to their unique transportation needs. 

Countries like India and Brazil are introducing policies to encourage domestic EV production and charging infrastructure development.

In Africa, EV adoption remains in its infancy, hindered by limited infrastructure and higher costs. However, renewable energy integration into charging networks and international investments in sustainable mobility projects are slowly opening opportunities for growth.

The Road Ahead for Lithium and EVs

The outlook for lithium demand and supply as well as EVs remains promising but requires coordinated efforts across industries and governments. Scaling battery productions and fostering technological innovation will be critical to meeting the ambitious targets for EV adoption and emissions reduction.

As the EV market grows, addressing supply chain issues and environmental concerns will ensure the viability of this transformative technology. And ultimately, lithium and EVs can power a cleaner, more resilient future with the right support and innovation.

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Is Walmart’s Net Zero Emissions Target Slipping Away?

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Walmart

Walmart was the first U.S. retailer to make a zero-emissions commitment by 2040, without relying on carbon offsets. However, the company’s latest news release revealed that the retail giant is most likely to miss its greenhouse gas emissions targets. It aimed to cut absolute scope 1 and 2 GHG emissions by 35% by 2025 and by 65% by 2030 from 2015 levels. But these numbers now look foggy.

The company revealed,

“We anticipate achieving our near-and mid-term emissions reduction targets later than our 2025 and 2030 target dates.”

Walmart’s Operational Emissions: Gains and Setbacks

By the end of 2023, Walmart reduced its operational emissions (Scopes 1 and 2) by 19.3% compared to its 2015 baseline. Its carbon intensity declined by an impressive 45% in the same timeline. But despite these long-term gains, annual emissions in 2023 increased by 3.9%. This rise became the reason behind Walmart pushing its pre-determined target. 

Most importantly, it showcased the challenges of balancing commercial expansion with sustainability.

WalmartSource: Walmart

What Slowed Walmart’s Progress?

Coming to the analysis directly, external factors played a significant role in stalling the retail giant’s sustainability journey. The three factors that Walmart has cited led to the rise in emissions were:

  1. Pollution from old and aging refrigeration equipment
  2. Fuel emissions from transportation in the U.S., including fleet expansion and third-party route changes.
  3. Slow adoption of renewable energy compared to its business growth.

Out with the Old, In with the New

The company has realized that achieving its net zero goals won’t be a straight path. There will be inevitable hurdles due to business growth and external factors. While the company will continue with its 2040 net zero emission goals, its interim targets might take longer to achieve.

Walmart’s statement stressed that curbing emissions relies on policies and infrastructure across global markets. For instance, reducing refrigeration emissions and HVAC systems or reducing emissions in heavy transportation require systemic solutions.

Additionally, broader sectoral shifts in transportation, materials, and agriculture can significantly reduce value chain emissions.

walmart emissionSource: Walmart

Renewable Energy Adoption

Walmart wants to power 50% of its operations with renewables by 2025 and 100% by 2035. Notably last year, 48% of its electricity came from renewable sources, with 30% directly procured through contracts.

The strategies to further bring down Scope 2 emissions are:

  • Add 1 GW of solar and storage capacity by 2030, building on 600 projects already in progress.
  • Since 2020, Walmart has facilitated over 2 GW of renewable projects through Power Purchase Agreements and is exploring international investments.

The company also reached a major milestone with its flagship “Project Gigaton” through which it aims to mitigate 1 billion metric tons of emissions in its value chain by 2030. The best part they achieved it six years early. Notably, the company credits supplier partnerships and continued innovation for this success.

Despite progress, achieving these goals depends on accessing renewable capacity, especially in international markets with regulatory challenges. The company is working to unlock opportunities but faces uncertainties in some regions.

Tackling Refrigerant Emissions

Refrigerant emissions accounted for 55% of Walmart’s Scope 1 emissions in 2023 mostly due to leaks in aging equipment. To address this, Walmart is working on:

  • Annual preventive maintenance of the equipment, technician training, machine learning for detection of leaks, and reusing gases.
  • Upgrading systems by transitioning to low-GWP refrigerants in new and existing facilities. Over 290 U.S. locations now use ultra-low GWP alternatives like CO2 and ammonia.
  • Advocating policy changes and supporting legislation to phase out high-GWP refrigerants.

These efforts are a part of their continued progress aligned to equipment upgrades and technology availability.

walmartSource: Walmart

Supporting EV Adoption

Walmart plans to build an EV fast-charging network at thousands of U.S. stores and Sam’s Clubs by 2030. This will be an addition to its existing 1,300 chargers at 280 locations. The company’s stats show that with 90% of Americans living within 10 miles of a Walmart, the initiative will make EVs more accessible and convenient.

Drivers can shop while charging- which shows how convenient that would be for customers. Additionally, they are testing zero-emission vehicles in its supply chain, with EV deliveries already in place for many customers.

Thus, despite challenges related to a possible delay in achieving its net zero emissions target, Walmart stays committed to its 2040 goal. This will require affordable low-carbon solutions, strong policies, and better infrastructure for a sustainable future.

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