Politics

Uranium Energy Corp: A Clean Energy Supplier

Published

1 year ago

December 6

UEC is the fastest growing North American uranium supplier, fueling the growing demand for carbon-free nuclear energy.

Across the globe, governments continue to commit to and implement strategies towards achieving net-zero goals outlined in the 2015 Paris Agreement. At the heart of governments net-zero goals is the decarbonization of electricity grids with increased utilization of carbon-free sources of electricity generation. To that end, nuclear energy has a long-standing history as a safe and highly reliable source of carbon-free energy, providing ~10% of the world’s electricity generation and ~30% of the globe’s carbon-free electricity today.

The International Energy Agency (“IEA”), in its Net-Zero Scenario (source: Net Zero by 2050; 2021), projects that electricity consumption will climb to 60,000 Terawatt-Hour in 2050, which is an average increase of 3.2% per year from 2020. Nuclear power is considered one of the critical cornerstones of carbon-free energy sources in the IEA’s net-zero scenario, projected to be a key component of meeting the increasing electricity demand. Nuclear energy needs to rise by 40% by 2030 and doubling by 2050 to meet net zero goals.

Uranium Energy Corp: Leading the Charge in Sustainable Nuclear Energy

A company well-positioned to respond to this growing demand for nuclear energy is Uranium Energy Corp.

UEC is the fastest growing supplier of uranium, a vital clean energy fuel required to meet net zero emission targets. UEC is the largest, diversified North American focused uranium company, advancing the next generation of low-cost, environmentally friendly in-situ recovery (“ISR”) mining uranium projects in the United States and high-grade conventional projects in Canada. The Company has two ISR hub and spoke production platforms in South Texas and Wyoming. These two platforms are anchored by fully operational central processing plants and served by seven U.S. ISR uranium projects with all their major permits in place.

Nuclear Energy’s Vital Role: A Deep Dive into Uranium Energy Corp’s Vision

UEC is focused on scaling our business to meet the future energy needs for nuclear in the U.S. and globally. We recognize that while nuclear energy production is virtually carbon free, there are some emissions from our uranium mining activities. As such, under the leadership of our President and CEO, Amir Adnani, UEC has made decarbonizing our operations a priority and have committed to be net-zero for our ISR production facilities in Texas and Wyoming.

Decarbonizing Tomorrow: Uranium Energy Corp’s Commitment to Clean Energy

UEC’s environmentally friendly approach to uranium extraction through ISR mining allows us to have a minimal impact on the environment, and also results in a shorter lead time to uranium recovery.

ISR mining is considered considerably more environmentally friendly compared to alternative, traditional mining approaches. The ISR process does not require blasting or waste rock movement, resulting in less damage to the environment, minimal dust, and no resulting tailings or tailings facilities.

Further, ISR mining is more discrete and, therefore, land access does not typically have to be restricted, and the area may be restored to its pre-mining usage faster than when applying traditional mining approaches. UEC has a strong track-record of reclamation and are committed to restoration of the land we operate on to its pre-mining conditions. Just this year alone, 2,879 acres of land used for our operations has been restored and reclaimed.

We have seen a step-change across the globe with an increasing number of countries adopting plans and programs to restart, extend the life of and / or build new nuclear plants in the quest for clean, safe, highly reliable and cost-effective electricity that nuclear power provides. This drive for global clean energy, along with uranium supply and demand fundamentals, has translated into a rebalancing of the uranium market, transforming it from an inventory burdened to a production driven market. Geopolitical situations have further accelerated the transition for Western utilities looking for secure uranium supply in stable jurisdictions.

Geopolitical instabilities, progressing trade barriers, and global net-zero goals are shifting the world’s energy outlook. UEC is well-positioned, as a North American supplier of uranium to take a leading position as a low risk and low cost supplier of uranium fuel for the growing demand in the safe, 24/7, clean energy that nuclear power provides.

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Related Topics:COP28 Decarbonizing Energy Entertainment UEC Uranium Video Videos

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Maintaining Excellent Standards for Industrial Sustainability

Published

1 year ago

December 14

Acumen Media

Industrial-Sustainability-Automotive-REMA-TIP-TOP

REMA TIP TOP commitment to sustainability

REMA TIP TOP is a globally operating system provider of services and products in the field of conveying and treatment technology as well as tire repair. For almost one hundred years, the company has built up unique expertise in materials development and industrial services and is active in the belting, material processing, surface protection and automotive sectors.

Global leader in industrial maintenance

As a global leader in industrial maintenance, REMA TIP TOP enables businesses in more than 170 countries to achieve their operational targets with a wide range of services, products and proven expertise. One of their vital goals is to advocate for industrial maintenance to prioritize repair and reuse over replacement to reduce material waste.

“Extending the life of industrial equipment is vital for both sustainability and efficiency,” says Michael Labbé, Executive Director at REMA TIP TOP. Sustainability does not just involve being kind to the environment but also being smart about resources and costs. This is where REMA TIP TOP’s maintenance experts come in and implement customer-specific strategies.

Sustainability is the responsible way forward

“We believe in sustainability because it’s the responsible path forward, both ethically and pragmatically. Our core mission is to provide outstanding solutions that genuinely benefit our customers. When we speak about sustainability, we’re talking about ensuring our customers’ long-term satisfaction, protecting the environment, and driving efficiency,” continues Michael Labbé.

Today, experts agree that predictive and monitoring strategies are more effective and sustainable than passive, corrective maintenance. Accordingly, maintenance is not a one-off project, but a continuous process that must be systematically managed. Consistency and discipline are the key factors in achieving excellent maintenance and operational results.

Repair and refurbishment over replacement of equipment

REMA TIP TOP’s maintenance services and solutions aim to support the circular economy. “Repair and refurbishment over replacement of equipment is our premise,” emphasizes Mario Delmaestro, General Manager Operations at REMA TIP TOP Middle East, who is a proven expert in comprehensive maintenance programs.

At REMA TIP TOP, a comprehensive maintenance plan begins with a detailed criticality plan, which serves as a guide for reliability-centered maintenance (RCM), preventive maintenance optimization (PMO), and failure mode and effect analysis (FMEA) plans. People are the most crucial component of any high-quality maintenance program, not only during the development phase but throughout the entire operational cycle.

Longer service life means less impact on the environment

By extending the lifespan of machinery and improving its efficiency, companies can lessen the strain on the environment, decreasing the need for new resources and minimizing waste. This approach enhances efficiency, reduces energy and resource consumption, benefiting both the environmental and the economic aspects.

To improve the operational reliability and sustainability of industrial plants, REMA TIP TOP offers its customers a full maintenance service, ranging from comprehensive inspections, repairs and modernizations, eco-friendly products and materials to tailored strategies to increase efficiency. Highest maintenance standards meet almost 100 years of experience.

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Politics

ACEN’s Energy Transition Journey

Published

1 year ago

December 13

Acumen Media

ACEN is the renewable energy platform of the Ayala group.

In 2019, Ayala acquired a listed energy platform and thereafter infused its Philippine renewable operating assets and development pipeline. The combination resulted in 532MW of generation portfolio in the Philippines, consisting of a 246MW Coal fired power plants (CFPP), 134MW of various diesel plants, and 152MW of various renewable energy plants.

The listed platform, ACEN, aspires to blaze the trail in energy transition across Asia Pacific. ACEN committed to Net Zero GHG by 2050, and is transitioning to 100% renewables generation by 2025. The company initially set a bold target of reaching 5GW of renewables by 2025.

ACEN currently has over 4500MW of attributable capacity of which 98% is from renewable sources. In the last five years, the company expanded beyond the Philippines and has meaningful presence in Australia, Vietnam, Laos, Indonesia, India and the US.

Pioneering Energy Transition Mechanism Initiative

Energy transition requires both the scaling up of renewables and the orderly retirement of fossil fuel plants, with primary focus on CFPPs and diesel plants.

To this end, ACEN focused on scaling up its solar and wind energy investments and pipeline development over the last 5-6 years, and expanded its geographic footprint. The company’s attributable renewables capacity for projects in operations and under construction increased from 152MW to over 4400MW today. ACEN recently announced its 2030 vision which is to reach 20GW of renewables capacity by 2030.

Aside from scaling up renewables, ACEN is also pioneering initiatives in early coal retirement. The company successfully implemented the world’s first market-based Energy Transition Mechanism which reached financial close in November 2022.

The transaction involves the divestment and early retirement of the 246MW coal plant, and its transition to cleaner technology by 2040 when the CFPP completes 25 years of operations. As the operating life of CFPP’s typically reach up to 50 years, the groundbreaking ETM initiative reduces up to 50mn tons of carbon emissions.

The company may also follow a similar approach with its remaining diesel plants. Other legacy diesel plants have already been decommissioned or divested in the last two years.

The ADB promoted the ETM concept, which leverages public and private investments with the aim of retiring coal power assets on an earlier schedule than if they remained with their current owners. ACEN decided to apply the ETM concept to the divestment of its 246MW CFPP. 100% of the net proceeds to ACEN will be used for renewable energy investments.

ACEN’s ETM was supported by debt and equity investors from the Philippines, with a total transaction value of USD 310mn. Proceeds from the ETM were used to refinance the debt, cover transaction expenses, and generate ~P7.2bn of proceeds to ACEN that will enable construction of renewable energy plants.

Energizing Change: Actis at the Forefront of Sustainable Development and COP28 Initiatives

The COP28 conference offers a huge opportunity to advance the commitment to global climate mitigation and adaptation strategies. In addition, the concept of a Just Transition – one that is carried out in an equitable manner and takes into consideration issues such as gender equality, the social context, and local employment – rightly looms larger than at any prior COP. And, given the event is being held in a region which leads world hydrocarbon output we expect a sharpened focus on transitioning out of a fossil fuel-based economy to a clean energy-based one.

Actis is already playing a significant part in helping meet the world’s climate goals. We are one of the leading investors, developers and owners of clean energy in the emerging markets. We have built 35 energy generation companies since inception, 20 of which are renewable generation businesses. We have owned and operated around 20,000 MW of clean energy across Africa, Asia and Latin America. We have contributed to the avoidance of over 30 million tonnes of CO2. We have a focus on impact, and sustainability is at the heart of everything we do. We are firm believers in the notion that values drive value; that our focus on driving for sustainability outcomes also drives financial value.

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Politics

Building Sustainability Leaders

Published

1 year ago

December 13

Acumen Media

Actis-sustainability-invest-renewable energy

The world’s sustainability challenges are ever more evident. Whether it is climate change, inequality or biodiversity, sustainability issues have never been more important to social and economic prosperity. Ensuring the creation of fairer and more sustainable societies that meet the needs of a growing global population is therefore a critical goal.

Shaping a Greener Tomorrow: Actis’ Commitment to Sustainability and Renewable Energy

At Actis, sustainability is embedded in our DNA. Either by investing in businesses that create solutions to global sustainability challenges, or working with those businesses to turn them into sustainability champions, our aim is to transform infrastructure for a better tomorrow.

Actis’ Global Impact: Leading the Charge in Sustainable Infrastructure and Clean Energy

That means we invest in sectors such as sustainable infrastructure, new economy real estate and renewable energy in some of the world’s fastest growing markets. Whether it is sustainable data centres that bring the benefits of connectivity to millions, or renewable power projects that support the drive to net zero, we invest in businesses which will be critical in meeting the world’s demands.

Our approach at Actis supports COP28’s four pillars of climate action: fast-tracking the move to a low-CO₂ world, improving climate finance, focusing on people, lives and livelihoods, and ensuring full inclusivity.