The United States has the means to lead the world in energy production and Alaska's metal and mineral resources could play a key role supplying the necessary elements for an energy transition.
The green economy and energy transition will require massive quantities of these materials, all of which fall under strict federal and state mining standards that ensure responsible resource development. In particular, Alaska's robust regulatory system and permitting process are recognized as one of the most stringent in the world.
A World Bank Group report, "Minerals for Climate Action: "The Mineral Intensity of the Clean Energy Transition," finds that the production of minerals, such as graphite, lithium, and cobalt, could increase by nearly 500% by 2050, to meet the growing demand for clean energy technologies. It estimates that more than 3 billion tons of minerals and metals will be needed to deploy wind, solar, and geothermal power, as well as energy storage, to reduce carbon emissions to targeted levels below 2’ C.
In other words, the clean energy transition will be significantly mineral intensive and Alaska has the metal and mineral resources that could change the game.
Solar panels need metals such as silicon, silver, aluminum, and copper
Wind turbines rely heavily on steel and copper
Energy storage technologies need metals
Hydrogen production is a promising energy carrier involving the use of metals like platinum, iridium, and nickel as catalysts
Transmission and grid infrastructure upgrades to accommodate renewable energy sources will require significant amounts of steel, aluminum, and copper for power lines, transformers, and other infrastructure components
Electric vehicles rely on metals such as lithium, cobalt, nickel, graphite, and rare earth elements in battery manufacturing
Geothermal energy requires metals in the construction of geothermal power plants, from the drilling equipment to the pipes that transport hot water of steam from underground reservoirs to generate electricity
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