NewsRoom Articles - Page 150 of 201

TuesdayJan 18, 2022 3:45 pm

Underwater Energy Storage System to Be Tested at US Navy Facility

EC-OG, a company based in Scotland and focused on remote power generation and energy storage, has manufactured a li-ion battery energy storage system named Halo. Halo was recently paired with small-scale wave energy converters and installed underwater, off the coast of Oahu, Hawaii. The installation trial, supported by the U.S. Department of Energy, tested the subsea storage system at the Navy Wave Energy Test facility. The test site is jointly managed by the Hawaii Natural Energy Institute, the Hawaii National Marine Renewable Energy Center, the Navy and the Department of Energy. The site has been in operation since 2004. From…

FridayJan 14, 2022 10:57 am

Shift to Green Economy to Boost Price and Demand of Cobalt

The latest report released by Fitch Solution highlights that the international supply chain for cobalt will remain concentrated in DRC and China. The Democratic Republic of Congo produces more than 70% of the world’s cobalt while China is the biggest refiner of the metal. This, the market analyst firm says, may create procurement issues for battery manufacturing companies. Despite this, the analyst firm expects the international cobalt industry to grow considerably as the countries around the globe shift to the green economy, given that cobalt is a crucial component of batteries. The ferromagnetic blue metal is also valued because of…

ThursdayJan 13, 2022 1:42 pm

Irish Central Bank Ended Hiatus, Bought Gold in November

Data published last week shows that the Irish Central Bank added $88 million to its gold reserves in November 2021. This purchase is equivalent to €78 million and was completed at a time when the price of gold in euros hit a new record, after more than a year. This purchase means that the financial institution has grown its holdings of gold by more than three tons in the last three months, which is roughly a 60% rise from the level it had maintained for more than 10 years. In November, Ireland’s yearly inflation rate was 5.2%, with the Economic…

WednesdayJan 12, 2022 12:30 pm

New Netherlands Government Makes Nuclear Energy Key Objective in Plans

The new coalition government in the Netherlands has made the use of nuclear power a key objective in its energy and climate policy. In their statement, the Christen Unie, CDA, D66 and VVD parties wrote that their objective was to strive to make the country and the planet habitable as well as livable. The parties released their policy document, which describes the short-term plans the government has for the near future. The plans were agreed upon after negotiations that started after the general election in March 2021 were concluded. The document makes a case for nuclear power, stating that the…

WednesdayJan 12, 2022 9:30 am

StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Positioning Itself to Tap into Extrapolated Positive Price Trends within the Precious Metals Segment

StraightUp is positioning itself to tap into the trends associated with the prices of precious metals with the expectation that the positive historical trends could continue well into the future The company is undertaking additional, thorough exploration works at its existing properties as well as acquiring new properties In 2022, the company hopes to prove gold mineralization at its RLX properties located in the legendary Red Lake Mining District 2022 could hold some extreme promise, excitement, and momentum for StraightUp Resources (CSE: ST) (OTCQB: STUPF), a public company engaged in the business of mineral exploration and the acquisition of mineral…

TuesdayJan 11, 2022 12:51 pm

How Nanotechnology Can Be Used to Enhance Vanadium Flow Battery Performance

The interest in advanced methods of storing energy has grown as the use of renewable energy sources to generate energy continues to expand. However, wind and solar power generation don’t always provide immediate and consistent electricity, which highlights the need for a reliable method that can be used to store energy for the power grid. Vanadium redox flow batteries are considered to be the solution to these issues because they possess relatively large power output and are highly efficient in storing renewable energy. However, most vanadium flow batteries use perfluorinated sulfonic acid-based ion-exchange membranes. These membranes demonstrate high vanadium ion…

MondayJan 10, 2022 1:29 pm

Analysts Predict EV Demand Will Keep Copper Prices High in 2022

Last year was a strong year for base metals such as copper, aluminum, zinc, nickel and steel despite the raging pandemic that affected numerous industries. For instance, the pandemic led to a reduction in the number of workers at mines, with most developing countries closing refineries and mines due to high rates of infection, which in turn impacted levels of production. Companies such as Glencore, BHP and Southern Copper even announced decreases in their levels of production as a result of the pandemic. The physical market’s tightness and the high copper price environment also prompted China to release a considerable…

MondayJan 10, 2022 11:09 am

StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Welcomes Addition to Leadership Team Amid Mining Option Advances for 2022

StraightUp has hired experienced commodities entrepreneur and economic geologist Rod Husband as its new CEO as it enters 2022 in an expansionist phase Mineral property exploration company StraightUp Resources is building excitement for several properties it has optioned in the gold-producing region of Ontario’s famed Red Lake Mining District StraightUp also acquired a mine in the historic Bullfrog Boom area surrounding Beatty, Nevada during recent months The company recently added a listing on the OTCQB Venture Market and eligibility for electronic clearing and settlement of its transactions through the Depository Trust Company The company has completed heliborne investigations at three…

FridayJan 07, 2022 1:31 pm

A Recap of Major 2021 Gold Stories and What to Expect This Year

The performance of gold was less than expected last year after a record-breaking performance in 2020. The metal’s performance was heavily influenced by the hawkish stance the U.S. Federal Reserve held, which decreased the appeal of the metal and created a high interest rate environment. A signal for economic recovery and the arrival of coronavirus vaccines also tilted the market toward high-risk investments, with the promise of high return on other assets attracting even more investors. This didn’t help the metal’s appeal, causing it to make its first annual loss in three years. Despite gold’s slightly underwhelming performance, some advancements…

ThursdayJan 06, 2022 12:30 pm

Sprott CEO Foresees Bull Run for Uranium in 2022

In a recent interview, CEO of Sprott Asset Management John Ciampaglia stated that he foresaw a bull run for uranium this year. Sprott’s Physical Uranium Trust is the sole publicly listed fund that invests in physical uranium in North America. The Toronto-based company was launched last year in July and has grown its assets to roughly $ 1.9 billion, which is a significant increase from its initial $630 million value. When Sprott’s units hit the market after its launch, uranium’s spot price was about $30/pound. Since that time, the company has amassed more than 41 million pounds of uranium, which…

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