article thumbnail

The Metals Company contracts CSIRO-led consortium to develop environmental monitoring and management plan for deep-sea nodule collection

Green Car Congress

The Metals Company is an explorer of lower-impact battery metals from seafloor polymetallic nodules, on a dual mission: (1) supply metals for the clean energy transition with the least possible negative environmental and social impact and (2) accelerate the transition to a circular metal economy. Deep sea mining remains controversial.

Nauru 397
article thumbnail

The Metals Company and Low Carbon Royalties form strategic partnership

Green Car Congress

We think TMC’s NORI project could provide a meaningful supply of energy transition metals and we are excited to serve as a source of long-term capital to TMC’s projects.

Carbon 352
article thumbnail

The Metals Company completes latest deep-sea research campaign

Green Car Congress

As noted in a recent report by the International Renewable Energy Agency, polymetallic nodules can “substantially change the supply outlook for several critical materials,” including nickel and cobalt.

Nauru 259
article thumbnail

Deep-sea battery metal developer DeepGreen going public with SPAC to become $2.9B (equity value) The Metals Company

Green Car Congress

The development of this resource offers an abundant, low-cost supply of critical raw materials for EV batteries and wiring including nickel, cobalt, copper and manganese, with a lower lifecycle ESG impact than conventional mining. Source: DeepGreen. Earlier post.) —Gerard Barron, DeepGreen Chairman and CEO. DeepGreen Metals Inc.

Companies 418
article thumbnail

DeepGreen lifecycle analysis argues for sourcing EV battery materials from deep-sea polymetallic nodules

Green Car Congress

Ocean nodules are a unique resource to consider at a time when society urgently needs a good solution for supplying new virgin metals for the green transition. When deep seawater used in vertical lift transport is reinjected in the mid-water column, it can potentially disrupt the water column with turbidity and an altered temperature.

Battery 269
article thumbnail

Devil In The Details: Is Copenhagens 2 ºC Guardrail Obsolete?

Green Car Congress

Actions which are already in place, yet which are not sustainable, may well lead to “maladaptation”: a policy, for example, which secures water supply inefficiently, leading to the unnecessary production of greenhouse gases, when more efficient policies could be implemented. Adaptive capacities may be undermined by unsustainable actions.

article thumbnail

Could Sucking Up the Seafloor Solve Battery Shortage?

Cars That Think

The supply of metals like cobalt, copper, lithium, and nickel needed for batteries is already shaky , and soaring demand for the hundreds of millions of batteries in the coming decades is likely to trigger shortage and high prices. China processes about 80 percent of battery raw materials, creating a chokehold on global supplies.

Batteries 138