Climate change. A small phrase, with long-term repercussions from decades of industrialization, large scale agriculture, and deforestation. Now, more than ever, the search for Renewable Energy sources to replace fossil fuel-based energies is at the forefront of global policies, as many countries race to drastically decrease their emission usage. Responding to this call to action, global climate agreements such as the Paris Climate Agreement in 2015, have been rectified to reduce worldwide emissions. But, are these tactics enough?
At Mitsubishi Chemical Advanced Materials, we support this global transition by providing a unique portfolio of thermoplastics to the Energy Generation and Storage industry, that we segment into four primary markets - Wind, Solar, Battery, and Hydrogen.
SUPPLY and DEMAND
On the supply side of the equation, "Energy" can be split into Generation, Storage, and Transport, while "Energy" on the demand side of the equation can be divided into Electricity, Heat, and Mobility.
Our proven areas of application: ENERGY GENERATION
The areas of Solar Energy Generation, Battery Manufacturing and Hydrogen-based Energy Storage also offer countless possibilities for our plastics to support the economical operation of your systems. Due to their diverse properties, thermoplastic materials have special advantages to offer.
Solutions for cell production and solar farms
Solutions for energy storage in batteries, known as “Electro-Chemical storage”
Solutions for energy storage in high-energy liquids and gasses, known as "Chemical storage”
In order to fulfill our role in society, we strongly feel that it is our responsibility to maintain the right balance between social and evironmental demands, and economical sustainability. To realize this vision, our solutions are created with sustainable energy management in mind, and delivered through a our corporate sustainability concept called KAITEKI.
A successful Energy Transition is driven by two factors – climate targets, and the cost of energy. In most cases, the most frequently used parameters for this price benchmark include:
The total costs between LCoE and LCoS will determine the competitiveness of Renewable Energy, further driving the push toward a more sustainable planet.
(Source & Copyright holder: IRENA - International Renewable Energy Agency, www.irena.org)