Hoping to Secure Significant Funding for Marine Minerals
A large consortium headed by GCE Ocean Technology’s cluster partners TechnipFMC and SINTEF, aims to enable a low carbon society through marine minerals utilization.
The project has applied for funding through the Green Platform Programme that provides funding for large joint projects between enterprises and research institutes, with potential to develop new green solutions and value chains.
GCE Ocean Technology and several of our cluster members are partners in the project.
– We very much hope for positive feedback on this proposal, says Jon O. Hellevang, R&D Manager in GCE Ocean Technology. – Limited funding has been given towards the marine minerals area so far, and this is an excellent opportunity to develop key knowledge and solutions needed to place Norway in the forefront of this growing global market, he explains.
Supporting the Energy Transition
Minerals are key in meeting the increased demand for batteries and renewable energy production. The more ambitious climate goals, the more the demand for minerals and metals will rise.
IEA published a report on The Role of Critical minerals in Clean Energy Transition earlier this year. This outlines the need for significant increases in the supply of several key metals to meet the Paris agreement.
Download the report here: The Role of Critical Minerals in Clean Energy Transitions – Analysis - IEA
Reports by the World Bank shows that recycling is not sufficient to meet the demand. Most extracted mineral resources are currently tied up in existing infrastructure and equipment.
GCE Ocean Technology has taken an active role in the investigation of the possibility to establishing a new industry within marine minerals.
The cluster has hosted several seminar and conferences as well as established large spin-off project to develop the industry.
Read chronicle in E24 called ”Norway’s seafloor has “gold” which renewable-Europe will target ” by Lars Sørum, Forskningssjef SINTEF and project manager of the Green Platform competence project (language: Norwegian).
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