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High Purity Alumina Market Estimated to Expand at a CAGR of 12.5% over the Forecast Period of 2020 to 2030 – Persistence Market Research




NEW YORK, Dec. 4, 2020 /PRNewswire/ — Over the last couple of decades, globally, the electronics industry has witnessed significant growth, innovation, and transformation to higher levels. Furthermore, a key segment of the electronics industry – LEDs – has witnessed lucrative growth since the last couple of years, owing to its increased use in many electronic components. High purity alumina is one such high value-added chemical compound used in several electronic applications for high grade end use. Demand is estimated to witness significant growth over the coming years, aiding the growth of the high purity alumina market.

The global high purity alumina market is estimated to expand at a CAGR of 12.5% over the forecast period of 2020-2030.

Key Takeaways from High Purity Alumina Market Study

  • The high purity alumina (HPA) market is primarily driven by increasing demand for LED applications. Also, rapidly growing production of electric vehicles is expected to further boost market growth significantly.
  • The market is witnessing steady increase in demand for HPA; however, due to supply chain and logistic disruptions amidst the COVID-19 pandemic, things have slowed down. Raw material imports have been affected and end-use demand has fallen sharply.
  • The global chemical industry has undergone mass relocation over the past few years. India and China, along with other developing countries, have been preferable destinations for expenditure and investments. Prime driving factors in the region are rapid industrialization, infrastructural developments, and economic growth. This is paving way for substantial growth opportunity for manufacturers in the high purity alumina market.
  • High purity alumina is obtained after an extensive amount of chemical processing, which increases as purity grade increases. Processing methods employed are quite energy-intensive, which increases the cost of production; hence, HPA is costlier than other alumina grades.
  • Globally, end users are always demanding economic products for their own end products. In order to meet this demand, manufacturers are developing high quality and affordable products. This has led to extensive focus on research & development by manufacturers in order to reduce overall costs, either by optimizing manufacturing or the supply chain or through other methods.

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“Increasing demand for high purity alumina from the electronics Industry, wide application range of high purity alumina, and its distinctive properties are anticipated to augment demand growth,” says a PMR analyst.

Market Landscape Continues to Remain Highly Consolidated

The global high purity alumina market is highly consolidated in nature. Top seven players account for around sixty percent of the market at global and regional levels. Some of the leading players included in the report are Sumitomo Chemical Co., Ltd, Sasol Ltd, Baikowski, Nippon Light Metal Co., Ltd. HMR, Co., Ltd, Hebei Heng Bo New Material Technology Co., Ltd, Xuancheng Jingrui New Material Co., Ltd, Dalian Hiland Photoelectric Material Co., Ltd, and others. Key market participants are focused on capturing lucrative growth through collaboration with end-use customers and are continuing to meet targets through sustained operational excellence.

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High Purity Alumina Market: Conclusion

The global HPA market is occupied by a few key manufacturers. They are ramping up production in their existing units by increasing production utilization rates to maximum. Moreover, to strengthen their global supply systems and continue to meet robust demand, players are expanding their global presence. Demand for high purity alumina is expected to ascend for its use in LED and other applications. Asia Pacific holds a major portion of the global high purity alumina market. Also, the region has strong potential to export to neighboring regions, which is further anticipated to catalyze the growth of the high purity alumina market in future.

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Want to Know More?

Persistence Market Research has published a market research report on the high purity alumina market that contains global industry analysis of 2015–2019 and forecasts for 2020–2030. The report provides insightful analysis of the high purity alumina market through different segments – product, application, and region. The high purity alumina market report also provides supply and demand trends, a comprehensive list of suppliers and distributors in the market, and a detailed overview of the value chain.

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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.


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Sunrise brief: Money flows as multiple investments are announced




Also on the rise: Power Sustainable aims $790 million at North American renewables, Macquarie unit invests in energy storage provider esVolta, EDPR buys its way into downstream C&I projects, Pattern Energy funds its Japanese expansion, and KBR signs on to support a hydrogen venture.

Montréal-based Power Sustainable Capital Inc. launched its Power Sustainable Energy Infrastructure Partnership, an investment platform with an initial CAN$1 billion ($790 million) dedicated to the renewable energy sector.

Investors include Power Sustainable, Desjardins Group, Great-West Lifeco, National Bank of Canada, and Après-demain SA.

Through Potentia Renewables and Nautilus Solar Energy, two Power Sustainable business units, the partnership will invest in the development, construction, financing, and operation of renewable energy assets across North America.

The venture marks the first of what the company said would be several projects that it plans to bring to the sustainable investment marketplace in the coming years.

The partnership will be led by co-managing partners Pierre Larochelle and Pierre-Olivier Perras. Before joining Power Sustainable, Larochelle was president and CEO of Power Energy Corp., a unit of Power Sustainable. Perras joined Power Energy in 2019 after more than 20 years at BMO Capital Markets.

Power Sustainable is a global asset manager focused on sustainable strategies. It has offices in Montréal, Toronto, Shanghai, Beijing, and New Jersey.

Macquarie invests in esVolta

Macquarie’s Green Investment Group said it will make an investment in esVolta, a developer and owner of utility-scale energy storage projects across North America. The size of the investment was not disclosed.

The investment is intended to support the continued expansion of esVolta and finance its portfolio of more than 600 MWh of  contracted energy storage projects, primarily in California, and an additional development pipeline of more than 2 GWh.

The investment will consist of a bridge loan that will convert to equity upon receipt of regulatory approvals, including the approval of The Committee on Foreign Investment in the United States and the Federal Energy Regulatory Commission.

The investment group said that the expected addition of more solar on California’s grid will “lead to overproduction and curtailment during the day, while requiring ramping and peaking capacity in the evening” when solar power is not available. The investment in esVolta and its energy storage projects is intended to help add flexibility to help California achieve its renewable energy targets.

Green Investment Group is part of Macquarie Group, a financial group providing clients with asset management and finance, banking, advisory and risk and capital solutions across debt, equity and commodities.

EDPR expands into C&I project services

Houston-based EDPR Renewables North America said it acquired a majority interest in C2 Omega, the distributed solar platform of C2 Energy Capital LLC. The new company, EDPR NA Distributed Generation LLC, will provide small-scale downstream generation and energy efficiency services in the United States for EDPR NA.

With around 200 projects across 16 states, the acquisition is intended to establish EDPR NA’s presence in the downstream solar energy market as an owner-operator of commercial and industrial distributed generation assets. Under terms of the deal, EDPR will acquire an 85% equity stake in C2’s solar portfolio. That portfolio includes 89 MW of operating and near-completion capacity across multiple sites, and a near-term pipeline of more than 120 MW.

Guggenheim Securities, LLC acted as financial advisor to EDPR. Completion of the transaction is subject to customary conditions precedent, and closing is expected to occur in the first quarter of 2021.

EDP Renewables North America LLC develops, constructs, owns, and operates wind farms and solar facilities across North America. Assets include 54 wind farms and eight solar parks.

Pattern fund backs Japan’s solar and wind

San Francisco-based Pattern Energy Group LP closed financing of a $515 million fund, Green Power Renewable No. 1 Investment LP, which will focus on solar energy and wind investments in Japan. Pattern Energy’s affiliate in Japan, Green Power Investment Corp., will manage the fund and is also one of its largest investors. The Development Bank of Japan will serve as the anchor investor.

The fund will invest in five renewable energy facilities that were developed, constructed, and are now owned and operated by GPI, including Futtsu Solar, Kanagi Solar, Ohorayama Wind, Otsuki Wind, and Tsugaru Wind.

Pattern and its Green Power Investment unit have a development pipeline of 2.4 gigawatts of renewable energy projects in Japan.

KBR to support Korean hydrogen venture

Houston-based KBR was awarded a contract to provide technical advisory solutions to SK E&S for its hydrogen development business in South Korea. SK Group announced late last year that it would invest in assets that will provide hydrogen as a next-generation eco-friendly energy source.

Under terms of the contract, KBR will provide technical solutions to support SK’s plan to build a 30,000 metric-ton-per-annum liquefied hydrogen facility and supply liquefied hydrogen to various metropolitan areas in South Korea. The initial phase of the project includes KBR reviewing key licensor technologies.

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Qualcomm-backed chipmaker Kneron nails Foxconn funding, deal




A startup based out of San Diego and Taipei is quietly nailing fundings and deals from some of the biggest names in electronics. Kneron, which specializes in energy-efficient processors for edge artificial intelligence, just raised a strategic funding round from Taiwan’s manufacturing giant Foxconn and integrated circuit producer Winbond.

The deal came a year after Kneron closed a $40 million round led by Hong Kong tycoon Li Ka-Shing’s Horizons Ventures. Amongst its other prominent investors are Alibaba Entrepreneurship Fund, Sequoia Capital, Qualcomm and SparkLabs Taipei.

Kneron declined to disclose the dollar amount of the investment from Foxconn and Winbond due to investor requests but said it was an “eight figures” deal, founder and CEO Albert Liu told TechCrunch in an interview.

Founded in 2015, Kneron’s latest product is a neural processing unit that can enable sophisticated AI applications without relying on the cloud. The startup is directly taking on the chips of Intel and Google, which it claims are more energy-consuming than its offering. The startup recently got a talent boost after hiring Davis Chen, Qualcomm’s former Taipei head of engineering.

Among Kneron’s customers are Chinese air conditioning giant Gree and German’s autonomous driving software provider Teraki, and the new deal is turning the world’s largest electronics manufacturer into a client. As part of the strategic agreement, Kneron will work with Foxconn on the latter’s smart manufacturing and newly introduced open platform for electric vehicles, while its work with Winbond will focus on microcontroller unit (MCU)-based AI and memory computing.

“Low-power AI chips are pretty easy to put into sensors. We all know that in some operation lines, sensors are quite small, so it’s not easy to use a big GPU [graphics processing unit] or CPU [central processing unit], especially when power consumption is a big concern,” said Liu, who held R&D positions at Qualcomm and Samsung before founding Kneron.

Unlike some of its competitors, Kneron designs chips for a wide range of use cases, from manufacturing, smart home, smartphones, robotics, surveillance, payments, to autonomous driving. It doesn’t just make chips but also the AI software embedded in the chips, a strategy that Liu said differentiates his company from China’s AI darlings like SenseTime and Megvii, which enable AI service through the cloud.

Kneron has also been on a less aggressive funding pace than these companies, which fuel their rapid expansion through outsize financing rounds. Six-year-old SenseTime has raised about $2.6 billion to date, while nine-year-old Megvii has banked about $1.4 billion. Kneron, in comparison, has raised just over $70 million from a Series A round.

Like the Chinese AI upstarts, Kneron is weighing an initial public offering. The company is expected to make a profit in 2023, Liu said, and “that will probably be a good time for us to go IPO.”


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Storage, wind, superpower: Part 3




Tony Seba was among the first to recognize the disruptive potential of solar PV with the publication of his book “Solar Trillions” in 2010. His think tank, RethinkX, recently published a report titled “Rethinking Energy 2020-2030 – 100% Solar, Wind and Batteries is Just the Beginning.”

In early December, pv magazine publisher, Eckhart Gouras, interviewed Seba and Adam Dorr, the two authors of this report. As Seba and Dorr make clear in the interview, a 100% solar-wind-battery system is not only possible, but the cheapest way to build an electricity system in the U.S. by 2030. (Read Part 1 and Part 2.)

In the initial interview, they introduce the concept of the “Clean Energy U-curve,” which shows that the cheapest system is actually one that involves a lot more solar PV and wind power capacity than the peak power demand profile.

They go one step further by introducing the concept of “SuperPower”: by investing in even more solar PV and wind power than the lowest-cost system defined by the “Clean Energy U-curve,” the gain in additional energy, or “superpower,” is exponential to the money invested.

The conversation continues below.

pv magazine: Your report highlights the fact that conventional analyses and forecasts of the electricity sector and energy transition start from the peak electricity demand profile and then build the generation to fit this profile. Instead, your analysis starts with the supply side and comes to the radical conclusion that the supply of clean energy (primarily solar PV) needs to be over-dimensioned by a significant factor to provide the lowest-cost clean energy system. To what extent is this radical idea gaining traction in the power sector and state and federal regulatory authorities?

Adam Dorr (AD): We agree this is still a new idea. It’s still quite radical. It’s only been recognized at all in the scientific community for at most about two years. And the full implications of this were not recognized before.

Adam Dorr. This is going to be the mainstream idea a couple of years from now.”


Seeing the implications of the clean energy U curve and superpower make the full impacts of this idea clear. But what we are seeing, and what’s very encouraging … [is that] there is now a small but quickly growing group of researchers worldwide who are converging with different methods on the same conclusion. So we are not alone.

If you think beyond the existing system to what a new system would look like, and you’re not constrained to just a one-to-one replacement, that new system will have a very different structure, and it will have much more generating capacity. This reduces the energy storage requirement in a non-linear way, and you find that the optimal combination is much more affordable than you realize.

This is going to be the mainstream idea a couple of years from now. Quite soon we will see the research community begin to coalesce into a shared voice.

Tony Seba (TS): We’ve already been contacted by policy makers in several countries. It’s a new lens, a new formula. Once you have a new lens, there’s shock, they attack you, and then you’re right. It’s a classic paradigm shift in the way we see the world.

pv magazine: Oversizing the solar PV deployment yields the “superpower” that you reference, which seems to be another radical concept tied to your focus on the supply side of the electricity sector. But if grid capacity is already a bottleneck in states like Hawaii with a relatively high PV penetration, how can this overbuild be accomplished with the old grid infrastructure that’s in place?

TS: If you look at most disruptions, they make the existing value chain obsolete. When we were building the new Internet [in the 1990s] we did not look at how to bolt the Internet on to this 100-year-old landline telecom infrastructure. That made no sense. And now the ICE (internal combustion engine) vehicle value chain is being obsoleted by the electrification of transportation, by EVs and so on. It happens every single time that the existing value chain basically becomes obsolete.

Tony Seba. “When we were building the new Internet we did not look at how to bolt the Internet on to this 100-year-old landline telecom infrastructure. That made no sense.”

Image: @tonyseba

When we studied this, we did not start with the idea of how can we bolt on solar, wind and batteries to the existing grid. What we wanted to study is first, is it possible? And that’s the only way you can find all of these interesting insights that we found such as the clean energy U curve and superpower.

And there’s more … if you had, for instance, the idea that there is a non-linear trade-off between generation and storage, that there’s also a trade-off between transmission and storage? The more storage you have, the less transmission you need and the better you can utilize the transmission. If you put that together, you have a three-dimensional decision making process, which would have made the report more complex. We constrained the system on purpose to see what the new generation and storage looks like, then we would go on to design the right grid for that new system.

AD: Keep in mind that it is only an assumption from the incumbent perspective that these changes will require a new additional, very costly infrastructure investments for transmission and distribution. This is an assumption, and it’s not clear if that’s going to be true everywhere.

I’ll give you one example: recent research into the costs by the Commonwealth Scientific and Industrial Research Organization, CSIRO (Australia’s national science agency), showed that for very high penetration of solar, wind and storage systems the cost of transmission and distribution is a small percentage of that, less than 10%. Even with a very high percentage, there is already research showing that the actual costs of the transmission and distribution infrastructure are not going to be extremely onerous and too difficult to achieve and are not going to be a deterrent.

pv magazine: Your report focuses on the U.S. and in particular California, Texas and New England. Here in Europe we are keen to transition to a decarbonized energy sector, and your report mentions the parallels between a region like New England and northern Europe. For a 100% solar-wind-battery (SWB) system in northern Europe, the time period December and January is the most challenging, given that these months include many days with weak solar and wind resources. The onus would be on the B part in the SWB system. Would the 89 average demand hours (or 1,232 GWh of battery storage) be sufficient to keep the lights on over here?

AD: That’s a great question. We don’t have the specific numbers for Europe as a whole or for any countries in Europe yet. However, our methodology allows us to produce at least preliminary numbers for an individual country, as long as we’re able to get high quality data.

We don’t see any reason to expect that there will be large differences or major problems for a region like Europe that we did not already encounter and cover in our analysis with New England.

Contrails over Frankfurt, Germany. “New England’s solar resources and wind resources are really quite comparable to northern Europe – not southern Europe, which is much more like California and Texas.”

Image: David Wagman

New England’s solar resources and wind resources are really quite comparable to northern Europe – not southern Europe, which is much more like California and Texas. Now, without running the numbers we can’t say for sure, but we have no reason to believe that Europe will be somehow twice as difficult…five times as difficult…anything like that.

We chose those regions of the United States precisely because they represent other geographies and we can draw conclusions from that. California is very sunny, but not much wind. Texas has lots of sun and lots of wind. New England has not much sun and not much wind.

pv magazine: I just mentioned the drive to decarbonize the entire energy sector in Europe, so not only electricity. Can we expect RethinkX to also look at the overall energy system, and to what extent can this even bigger beast be decarbonized in the next 10, 20 or 30 years?

AD: The most important thing to keep in mind is that we can do all of this at once. We are not looking at a sequence, one step and then another step and another step. We don’t have to do electric power first and then transportation and then industry, and then residential and commercial heating. We’re going to do it all at once.

That’s why the disruption is going to affect all energy all at once. And the thrilling part about superpower: even if you don’t make the additional investment, even at the lowest cost–the very optimal part of the U curve–you still get some superpower: In California, for example, as much superpower as all of the normal electricity generation. That’s a huge amount of energy compared to what is used in California in transportation, and in residential and commercial heating. Even in the very lowest-cost system, you still are going to have a situation where you can begin to electrify, and therefore decarbonize, the rest of the economy at the same time.

AES Lawai Solar Project- Kauai. “If you make that additional investment, 10%, 20% more, and you 5X, 10X your superpower, it’s incredible what you can achieve in the rest of the economy in terms of decarbonization.”

Image: NREL/Dennis Schroeder

But wait, there’s more. If you make that additional investment, 10%, 20% more, and you 5X, 10X your superpower, it’s incredible what you can achieve in the rest of the economy in terms of decarbonization.

There is going to be competition as soon as one or two regions begin to show what is possible. The entire world is going to see this as a race to the top. And this is something that we see again and again, throughout the history of disruptions, we don’t have to wait and do things one at a time. It’s going to happen all at once.

TS: Countries will find that they cannot compete with energy that is vastly more expensive and that they’d have to import. So they’re going to have to do this for purely economic reasons. Once they figure it out (and with super-abundant, super-cheap superpower), you can decarbonize everything: transport, heat and so on.

AD: The incentives are going to be enormous to take advantage of ultra-low costs, perhaps, in some cases, free energy. If you are a smart region–we use the example of Texas in our report–and you say “we are going to attract manufacturing to boost the economy, we are going to make super energy from superpower available for free for some part of the day.”

If a region did that, there would be enormous incentive to go through the process of innovation and business model development to take advantage of that superpower. There’s going to be enormous incentive for industry to find ways to use superpower because it’s almost free. It’s so close to zero cost. This changes everything.

Editor’s note: This is the third part of a three-part series. Read Part 1 and Part 2.

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Puerto Rico awaits first procurements to add 3.75 GW solar, 1.5 GW storage




Puerto Rico regulators ordered the utility PREPA to procure solar and storage, although the utility’s board chairman says the island’s grid can support only a fraction of the mandated amount.

The Puerto Rico Energy Bureau ordered the utility PREPA to issue six procurements in the next 30 months, totaling 3.75 GW of solar and 1.5 GW of four-hour storage, or their equivalents.

PREPA will issue the first of the six procurements “as early in 2021 as possible,” the utility said in a regulatory filing. Regulators had set a target release date of last December for that first procurement, to secure 1,000 MW of solar and 500 MW of storage.

A study released by PREPA in mid-January, however, concludes that Puerto Rico’s grid can handle only 650 MW of utility-scale renewable generation, including existing renewables. That value does not reflect “expected system upgrades or energy storage systems that will be incorporated in the near future,” said the study, prepared by engineering consultants Sargent & Lundy.

In an apparent reference to the study, PREPA Board Chairman Ralph Kreil told local newspaper El Nuevo Dia, “We understand that the system supports between 500 and 600 megawatts” of renewables, “and the Bureau understands that it must be 1,000,” according to a Google translation of the Spanish-language quote. Kreil added that PREPA’s request for proposals will call for 1,000 MW of solar, “as the Bureau says, and we will see what happens.”

The Puerto Rico Energy Bureau’s dockets for this matter are NEPR-MI-2020-0012 and CEPR-AP-2018-0001.

“We have 3% renewable energy” in Puerto Rico, said PJ Wilson, president of the Solar + Energy Storage Association of Puerto Rico. “We can build 2,000 MW of renewables before we get the integration challenges that they saw in Hawaii and elsewhere. Let’s get construction going on those 2,000 MW now, and solve the integration challenges for higher levels as we go.”

Wilson said that PREPA indicated last week that each solar and storage procurement would be issued via the utility’s software, PowerAdvocate. He charged that the procurements would be “posted publicly nowhere” so that “not even the Energy Bureau” would be able to see it. The association he leads plans to ask the Energy Bureau to order PREPA to post each request for proposals in a public docket.

Puerto Rico’s Act 17, enacted in 2019, requires PREPA to reach 20% renewable generation by 2022 and 40% renewables by 2025.

The Energy Bureau’s Final Resolution and Order on PREPA’s integrated resource plan provided a target schedule of six solar and storage procurements by June 2023, which is intended to enable the projects to go online by 2025:

The views and opinions expressed in this article are the author’s own, and do not necessarily reflect those held by pv magazine.

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