Diversification of supply chains required to expand renewable energies.

The UAE-government-owned renewable energy company Masdar has along with two renewable development firms signed an agreement with Egypt’s New and Renewable Energy Authority to secure land to build a 10-gigawatt capacity onshore wind farm in Egypt. The project is set to aid the northeast African country to reach its goal of achieving 42 percent of its electricity from renewable sources by 2030.

The Biden-Harris Administration yesterday released the U.S. National Clean Hydrogen Strategy and Roadmap, aiming to produce 50 million metric tons of clean hydrogen fuel by 2050. The program is expected to add up to 100,000 jobs to the growing domestic hydrogen economy by 2030.

Researchers at Chalmers University of Technology, Sweden, have published a study on raw material demands conducted on behalf of the European Commission. The team argues that the European Union’s demands to electrify its industry are outpacing the current global supply including new recycling abilities and advocate to find substitutions long-term, but more extraction is required in the meantime.

Canadian rare earths mining and exploration company Mkango Resources Ltd. has published earnings for the first quarter of 2023 ending March 31. The corporation has reportedly decreased its loss but remains in a deficit. However, the company reported progress in its mining, refining, and recycling ventures.

Hyundai Motor Group and LG Energy Solution have signed a memorandum of understanding to construct a $4.3 billion electric vehicle battery plant in Bryan County, Savannah, Georgia. The new facility will supply the Hyundai Metaplant America which is currently under construction and is set to produce 300,000 EV units annually.