The Energy Transition Will Be Built With Metals

  • Date: 29-Oct-2020
  • Source: Forbes
  • Sector:Oil & Gas
  • Country:GCC
  • Who else needs to know?

The Energy Transition Will Be Built With Metals

Wood Mackenzie

Getting To Grips With Supply Of The Big 5

THE EDGE - SIMON FLOWERS

Electrification is front and centre in the energy transition. The entire power value chain – from wind turbines and solar panels, transmission and distribution infrastructure to energy storage and batteries, electric vehicle (EV) charging and the rest – will be a winner.

But what does this mean for the metals that will build the plant, infrastructure and zero-carbon technologies? How much is needed and, critically, when depends on the pace at which the world pushes to reduce carbon emissions.



In any scenario, demand for metals goes up. But a 2 °C or lower pathway will require a more than doubling in power sector capacity over the next 20 years and