Zinc?
Posted on 01/08/2022 2:48:37 AM PST by M. Dodge Thomas
Gravity-based energy storage technology company Energy Vault has formed a strategic partnership with non-ferrous metals smelting and refinery company Korea Zinc, including a US$50 million investment commitment.
The announcement, made yesterday, comes as Swiss-American company Energy Vault targets a business combination with special purpose acquisition company (SPAC) Novus Capital Corporation II. The transaction is expected to close during this quarter and the combined company, to be named Energy Vault Holdings, will list on the New York Stock Exchange (NYSE) as a result.
Energy Vault said in October as it announced the intended merger that it has private investment in public equity (PIPE) commitments, largely from institutional investors and already accounting for around 6.5% shares in the combined entity.
Korea Zinc’s US$50 million will go into that PIPE, taking its value from US$100 million to US$150 million.
As a strategic partner to the gravity storage company, Korea Zinc — involved in copper and lead refinery and smelting as well as zinc — will leverage its investment to further the decarbonisation of its operations.
Initially, Korea Zinc’s Australia-based subsidiary Sun Metals, which operates a zinc refinery, aims to deploy Energy Vault energy storage technology and software to support renewable energy supply and optimization at its facilities.
Sun Metals is targeting running its refinery off of 80% renewable power by 2030 and 100% by 2040. Its parent company recently also said it will acquire Australian solar and wind developer Epuron through another subsidiary, Ark Energy Corporation.
(Excerpt) Read more at energy-storage.news ...
Given the current media focus on WSB (wind, solar battery) generation and storage, it's easy to overlook the recent surge of investment in lower-tech "kinetic" storage systems, several of which are moving from "concept" to "implementation".
More on Energy Vault:
https://spectrum.ieee.org/gravity-energy-storage-will-show-its-potential-in-2021
Hydro power (i.e. dams) is the only “gravity” system worth exploiting.
But nooooo....dams kill the little fishies.
Hydro power (i.e. dams) is the only “gravity” system worth exploiting. But nooooo....dams kill the little fishies.
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The 1930s Hydro dams (construction began at Grand Coulee and Bonneville in 1933; Bonneville was completed in 1938 and Grand Coulee in 1941) on the Columbia River killed off the second largest run of Sockeye salmon in the world after Bristol Bay, Alaska where the push for a gigantic placer (open pit) mine threatens the existence of that run of sockeye. People eat salmon.
Hydro dams on the Columbia River killed a primary source of food in America, contributing to major job losses in the commercial fishing industry, as well as contributing to the US loss of self-sufficiency in food production (helping the US become a net importer of food) and lowering the US Balance of Trade drastically.
You cannot live, if you cannot eat. Killing your sources of food is always a bad idea, like burying prime top soil farmland under 20 feet of fill to make shopping centers and parking lots ; unless people like importing their food from Canada, Mexico, various South American countries, China and elsewhere. Dependency on foreign sources of food is even more disastrous a policy than depending of foreign countries to manufacture essential goods.
“Little fishies,” indeed!
It would be really scary if our planet ran out of gravity.
Perhaps the answer is 3d printed meat-I dunno.
No dams, no electricity (that you could afford). No electricity, no nothing else.
Good luck trying to find a new recipe on the computer for cooking those fish (or commenting on FR about anything). Or in the newspaper. Or even trying to read the recipe someone wrote down for you. Or having clean water to wash your hands before cooking. Or even cooking the fish.
Yeah, it was a food source for Native Americans. Odd how so many of them have adopted the use of electricity and the attendant modern conveniences and benefits in their lives. Hardly their historical lifestyle. Not to mention all the casinos needing electricity to soak money out of the Whites.
Major part of the fish problem is over-fishing/wastage, and over-loaded, unattended fish traps in the river. Fix that first.
Such crap.
Asia fishing up their own territorial waters , then other countries.
Lying econazi wildlife biologists.
Flooding wiped out massive life and business and agriculture land before dams and flood control.
02.
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So THAT’S why I can’t find salmon in the store for the last 40 years.
Pffffft.
So THAT’S why I can’t find salmon in the store for the last 40 years.
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Yeah. Most have the choice of farmed salmon (created by red dyes, Cuprous Oxide (bottom paint on net pens), antibiotics and many other additives) or wild caught salmon that lays on top of warm ice rotting (as do all grocery store seafood products - which is why they smell - fresh seafood has no odor).
Best bet is to search for Alaskan commercial fishermen selling their catches online. Usually comes air freight, in protective waxed boxes with dry ice, right from the fisherman to you with only days between harvest and arrival. Never frozen like store bought.
“You cannot live, if you cannot eat. “
Talk about a myopic and truly moronic view of things!
So because of dams and other energy sources we can longer eat?
It’s completely the opposite - it’s because of all the energy production by all sources that food has become so plentyful and cheap. So much so that obesity has become a big problem, not starvation.
And more energy results in a higher standard of living and a cleaner environment.
You want to see a starving population, slums, pollution and a filthy environment go to any third world country with little or no energy sources.
You misread what I wrote or twisted it into something else. Thanks for the persona attack - first of the new year - congratulations!
Zinc?
“You misread what I wrote or twisted it into something else.”
I don’t think so. Why don’t you go back and reread what you read?
You made it sound like building those dams was a major disaster for our economy and caused people to go without food - a point of view that, yes, I consider moronic.
Perhaps you didn’t mean to say it by you come across as a luddist.
And you seem to have a special soft spot for salmons. I checked your bio and sure enough there it was. Perhaps you like fresh water salmon fishing, thus your special sensitivity to the status of salmons. And that’s fine, but you need to objectively consider the broader picture, and not just the one thing that may be dear to your heart and let it blind you to the broader benefits. Don’t you think so?
If I was a fan of salmon I might.
As it is the only wayI enjoy it is sashimi.
The fact is there is no shortage of salmon. As you point out there is a variety of quality and price points.
There is also no shortage of idiocy, as evidenced by the article and the growing Rube Goldberg contraptions required to make people believe wind and solar will provide enough energy for our needs.
You made it sound like building those dams was a major disaster for our economy and caused people to go without food - a point of view that, yes, I consider moronic.
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Then you are moron with no understanding of seafood food harvesting. The Columbia River dams were and are major disasters to the economy, but do NOT cause people to go without food (which is your interpretation), rather there erection drastically effected the national food supply, as well as having impoverished thousands who once depended on those resources for income, plus the many ancillary businesses that depended on those people having those jobs.
“Perhaps you didn’t mean to say it by you come across as a luddist.” You mean Luddite. Do you even know what a Luddite was?
“And you seem to have a special soft spot for salmons.” Its salmon - there is no plural.
And it not a “soft spot”, its knowledge. Evidently, you never lived in the rural west, never fished for a living, have no realistic idea what it takes to feed people, or why that is important to the nation’s national security. All you know is the production of things you use, not the costs.
I fished up and down the West Coast (California to Alaska) primarily for salmon, but many other critters as well for 30 years. I learned a lot about how nature works, its rhythms, lunar cycles, tides, currents, habitats, species biology, habit, and much much more. What do you know about any of that? Have you ever been to any of the Columbia River dams and seen the destruction millions of out-migrating salmon fry? Do you have any idea how many fry it takes to get just one adult to return?
“.. you need to objectively consider the broader picture, and not just the one thing that may be dear to your heart and let it blind you to the broader benefits. Don’t you think so?” I have for decades understood that the so-called broader benefits usually come at the expense of something else, and that the cost of destroying the some thing else is, in the end, not worth it. So it might behoove you to honestly answer your own question using your personal knowledge of the subjects at hand rather than just spouting some drive-by rhetoric to prove a point.
There are many other non-destructive ways to generate power other than dams which, in this case, were poorly designed in the first place with no thought as to the environmental costs, only to achieving a federal goal over the strenuous objects of the people in the states - very much like the vaccine mandate and health insurance mandate, the coming EV mandate, etc all of which you must applaud using your “broader benefits” meme. Don’t you think so?
The fact is there is no shortage of salmon. As it is the only way I enjoy it is sashimi.
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From what you wrote, it seemed as if you were. There is a shortage of fresh Pacific Coast salmon est of the Rockies - salmon are frozen, not actually fresh, then spend time being repeatedly chilled and thawed in grocers’ cases, slowly rotting.
If you enjoy sashimi, then you would want the freshest salmon available - not found in grocery stores or most Japanese restaurants ; there is a vast difference, which is why West Coast salmon (Sockeye, Chinook and Coho) command such a high price in Japan.
Only salmon I can find these days is Farm-Raised, can’t find Wild Caught Sockeye anywhere.
“The Columbia River dams were and are major disasters to the economy, but do NOT cause people to go without food (which is your interpretation), rather there erection drastically effected the national food supply, as well as having impoverished thousands who once depended on those resources for income, plus the many ancillary businesses that depended on those people having those jobs.”
Oh give it up. The more you talk the more you make a fool of yourself. I’m sure Henry Ford put a lot of buggy and whip manufacturers out of business as well. And then there are tractors and all the agri-machinery that put millions “out of backbreaking work”. Eighty to 90% of the population used to work on farms before the advent of mechanization, now only 4 or 5% do. Are those millions unemployed now or do they have better jobs, making more money and have a higher standard of living?
And you are so self centered and narrow minded that you only take into account what impacts your precious narrow interests and sensibilities. For every job those dams may have impacted there were probably a thousand created. You totally ignore that side of the story.
Not only that, but the lakes they created are an incredible resource, not just for the electricity they produce, but for the huge storage of fresh water that is used for farming drinking, recreation and fishery - there are tons of fishermen that fish in those lakes. Also they prevent floods and store precious water for drought years.
“And it not a “soft spot”, its knowledge. Evidently, you never lived in the rural west, never fished for a living, have no realistic idea what it takes to feed people, or why that is important to the nation’s national security. All you know is the production of things you use, not the costs.”
Trust me, I know more about how tough it is to make a living than you will ever know. In the village I grew up in, our “car and tractor” was a donkey. We had no mechanization of any kind. The plow we used to plow (with the donkey) the few scattered plots we had was a stone age implement. All the farming was done by hand. We barely had electricity - a couple of bulbs in the house. And don’t even talk about phones - they were nonexistent
We cooked and heated the house with the fireplace. No running water, no toilets. We, as well as the whole village had to go to a single fountain with a single spigot in the middle of town and wait in line to get a few gallons of water - even in the bitter cold of winter.
The little meat we ate on the holidays came from a few rabbits and chickens that we raised during the year and that by the time it came to do the dirty deed, they had become pets - a heart wrenching experience.
We would have killed to have a dam or two nearby to supply us with electricity and abundant water and some recreation and fishing.
So don’t lecture me about how hard it is to make a living and feed people. The difference between you and me (and I might add the environazis, which you seem to have a few things in common - like tearing down existing dams), the difference is I appreciate very much and am infinitely grateful for the abundance we have that has been created by the advent of technology and things like dams - you and your fellow travelers on the other hand don’t.
It’s a disease called “affluenza”. Having too much, taking it for grated and not appreciating where it comes from. I hope you get over that disease.
Now you are being a troll so good bye and do NOT respond. Thank you in advance.
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