Page 42 - Sigmaroc Annual-Report 2023
P. 42
SIGMAROC ANNUAL REPORT 2023 STRATEGIC REPORT
...with huge long-term growth opportunities through new applications
Mega trend: Electrification
LITHIUM BATTERIES PRODUCTION
LITHIUM BATTERIES RECYCLING
ELECTRICITY GRID UPGRADES
ELECTRIFICATION
Electrification in Europe is not only essential
for achieving net-zero emissions but also for
driving efficiency and productivity across various sectors. By 2030, nearly two-thirds of emissions reduction in the European Union is projected to
be accomplished through energy efficiency and electrification initiatives. The trend of electrification in Europe goes beyond personal vehicles, encompassing crucial sectors like lithium battery production and the electric grid. Lithium battery production is vital for powering electric vehicles and storing renewable energy. Upgrading the electric grid is essential for optimising energy distribution and improving reliability.
HOW WE ARE RESPONDING
Lime plays a crucial role in the production and recycling of lithium-ion batteries, essential for powering electric vehicles and storing renewable energy. Limestone-derived products are integral in infrastructure projects related to electric grid upgrades, enabling the efficient distribution and utilisation of electricity.
SOURCE: https://about.bnef.com/
KEY STATISTICS
12m
€7.5b
According to a report by Bloomberg NEF, electric vehicle sales in Europe are expected to reach 5.4 million units in 2025 and 12 million units in 2030, representing a significant increase from current levels.
The European Investment Bank (EIB) has announced plans to invest €7.5 billion in electricity network upgrades and smart grid projects across the EU as part of the European Commission's Clean Energy for All Europeans package.
