{"id":1186153,"date":"2020-05-24T12:53:22","date_gmt":"2020-05-24T17:53:22","guid":{"rendered":"https:\/\/www.mining.com\/?p=1024855"},"modified":"2020-05-24T12:53:22","modified_gmt":"2020-05-24T17:53:22","slug":"how-companies-may-benefit-from-clean-energy-imports-report","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1186153","title":{"rendered":"How companies may benefit from clean energy imports \u2013 report"},"content":{"rendered":"<p>A <a href=\"https:\/\/www.luxresearchinc.com\/hubfs\/2020%20Executive%20Summaries\/1%20-%202020%20Executive%20Summaries%20-%20Press%20Versions\/Lux%20Research%20-%20Decarbonizing%20the%20Global%20Energy%20Trade%20Executive%20Summary%20-%20press.pdf\"  rel=\"noreferrer noopener\" aria-label=\"report (opens in a new tab)\">report<\/a> published by market analyst Lux Research states that companies looking to decarbonize their energy trade routes have about 10 years to do so.<\/p>\n<div class='ad-slot' id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {    googletag.display('div-gpt-ad-1561499308230-0');    googletag.pubads().addEventListener('slotRenderEnded', function (event) {        if (event.isEmpty) {            var id = event.slot.getSlotElementId();            var x = document.getElementById(id);            if(x == null) return;            if (x.parentElement.classList.contains('ad-slot')) {                x.parentElement.style.display = 'none';            }\t\t\t\t        }    });});<\/script><\/div>\n<p>According to Lux, by 2030, imported electricity via new high-voltage direct current (HVDC) power lines is likely to become cheaper than low-carbon natural gas turbines. This means that corporations that have renewable energy import infrastructure in place by then, will be able to take advantage of the low prices.<\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p>Major companies like Kawasaki Heavy Industries, Mitsui &amp; Co., Equinor, and Shell are already developing their own decarbonized energy trade routes in Europe, Japan, and Southeast Asia<\/p>\n<\/blockquote>\n<\/figure>\n<p>The market analyst\u2019s document states that there will be another tipping point in 2040 when imported liquid hydrogen is expected to be cheaper than low-carbon steam methane reformation.\u00a0<\/p>\n<p>With these developments around the corner, companies should \u201cdevelop the partnerships and pilot projects necessary to demonstrate such a transformative energy paradigm,\u201d the report reads.<\/p>\n<p>In Lux\u2019s view, this is particularly the case for enterprises operating in countries such as Singapore, Japan and the Netherlands, which cannot satisfy their own demand for energy with domestically produced renewable energy because they simply lack the land area and resource potential to power their energy-intensive economies.<\/p>\n<p>\u201cCountries representing $9 trillion of global GDP would face difficulties in meeting energy demand with domestic renewable production alone, requiring the import of future energy carriers,\u201d the paper states.<\/p>\n<p>By comparing the lifetime costs of 15 different renewable energy carriers such as electricity and vanadium, Lux\u2019s analysis shows that across all renewable energy carriers, low-cost solar energy can be delivered to resource-constrained regions at 50% to 80% lower cost than generating that solar energy locally under less favourable conditions.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"alignright is-resized\"><img decoding=\"async\" src=\"https:\/\/www.mining.com\/wp-content\/uploads\/2020\/05\/How-companies-may-benefit-from-clean-energy-imports-report_1-300x220.png\" alt=\"How companies may benefit from clean energy imports - report\" class=\"wp-image-1024859\" width=\"400\" srcset=\"https:\/\/www.mining.com\/wp-content\/uploads\/2020\/05\/How-companies-may-benefit-from-clean-energy-imports-report_1-300x220.png 300w, https:\/\/www.mining.com\/wp-content\/uploads\/2020\/05\/How-companies-may-benefit-from-clean-energy-imports-report_1-768x564.png 768w, https:\/\/www.mining.com\/wp-content\/uploads\/2020\/05\/How-companies-may-benefit-from-clean-energy-imports-report_1-1024x752.png 1024w, https:\/\/www.mining.com\/wp-content\/uploads\/2020\/05\/How-companies-may-benefit-from-clean-energy-imports-report_1.png 1409w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><figcaption><em>(Graph by Lux Research)<\/em>.<\/figcaption><\/figure>\n<\/div>\n<p>The study presents data that supports the idea that the expanded buildout of AC and DC power lines \u2014 which are currently the only way to connect wind and solar generation to end-users \u2014 will be the most cost-effective way of importing low-cost solar energy from distant regions, though only up to roughly 1,000 kilometres. At farther distances, other renewable energy carriers like synthetic fuels are less expensive.\u00a0<\/p>\n<p>\u201cDelivering energy via land-based infrastructure like powerlines or pipelines becomes expensive at long distances due to the inefficiencies of power lines and capital costs of pipelines,\u201d the report reads. \u201cDelivery via ship, on the other hand, is much more cost-effective at long distances, whether it be LOHC [liquid organic hydrogen carriers] delivered by tanker or liquid hydrogen delivered by cryogenic carriers like LNG.\u201d\u00a0<\/p>\n<p>Even though at present no current energy carrier can offer costs low enough to completely replace liquid natural gas or oil, Lux believes that imported energy costs can be competitive against other zero-carbon technologies.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Lux Research, companies operating in resource-constrained regions should be thinking about developing their renewable energy import infrastructure.<\/p>\n","protected":false},"author":42,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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