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New Pacific Commences a 38,000 Metre Exploration and Resource Expansion Drill Program at its Flagship Silver Sand Project

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  • 38,000 m drill program in progress;
  • ~80% of the drill program is focused on expanding the existing Mineral Resources and on discovering additional resources; the deposit is open along strike and at depth;
  • 5,000 m of the drill program dedicated to testing for feeder zones for the large Silver Sand deposit;
  • District exploration drilling to target the North Block and Snake Hole Zone;
  • Mineral continuity and geotechnical drilling to support the Silver Sand Preliminary Economic Assessment (“PEA”); and
  • Environmental baseline, socioeconomic and social responsibility studies underway.

SILVER SAND 2021 DRILL PROGRAM

Two diamond drill rigs are currently active on the Project and two additional drill rigs are scheduled to arrive at the Project over the coming days. It is expected that four drill rigs will be fully operational in August 2021.

The objectives of the 38,000 m drill program are to expand the existing Silver Sand resource, which remains open along strike and at depth, and to complete geotechnical drilling to support the PEA study. The drill program is comprised of three main components:

  • Resource expansion: ~23,500 m planned for expansion of the existing Mineral Resource and to complete initial dill testing for potential feeder zones;
  • Exploration: ~6,500 m planned for exploration at the newly discovered Snake Hole Zone and the North Block properties; and
  • Mineral continuity and geotechnical drilling: ~8,000 m planned to support ongoing PEA studies.

In addition to the 2021 drill program, the Company continues to advance and has initiated key studies and initiatives in support of the Silver Sand Project development. These include environmental baseline, socioeconomic and hydrogeology studies.

Details of the drill program follow in the sections below.

RESOURCE EXPANSION

Drilling to date indicates the Silver Sand hydrothermal system remains open for expansion along strike and at depth. The Company has allocated ~23,500 m of the drill program to potentially grow the existing Mineral Resources by testing gaps in the current model and by drilling exploration targets adjacent to and beneath the current conceptual constrained Mineral Resource under National Instrument 43-101 — Standards of Disclosure for Mineral Projects (“NI 43-101”). The primary focus will be on drilling the area between the Central and South Zones, in the Mirador Area, with the remainder testing the northern strike extent of the deposit (Figure 1).

Feeder Zones

To date, approximately 100,000 m have been drilled at the Project in about 400 diamond drill holes that have tested only the upper ~250 m to 300 m of the large, silver-rich, hydrothermal system. None of the drill holes have encountered mineralized intrusive source rocks and/or thicker, higher grade, structurally controlled fluid conduits, which are postulated to be the source of the silver mineralization.

Analysis of the data suggests an intrusive heat source and associated structural plumbing system for the deposit may occur at depth between the Central and South Zones, in the Mirador Area (Figure 1). Circumstantial evidence for this hypothesis includes: the increased structural complexity of the area; the presence of thicker mineralized veins which were the sites of the majority of historic mining activities; an increase in anomalous base metal content, especially zinc, within the lower portions of drill holes completed in the immediate area; a localized increase in alteration assemblage minerals suggestive of higher heat flow (i.e., muscovite-sericite); and the presence of a post-mineral volcanic diatreme breccia nearby. Of the 23,500 m allocated to resource expansion, ~5,000 m are designed to explore the system at depth, with several 1,000 metre-long drill holes planned (Figure 1).

EXPLORATION

Snake Hole Zone

Located approximately 600 m east of the currently defined Silver Sand deposit (Figure 2), the Snake Hole Zone was drilled in late 2019 with highlighted results of 279 g/t silver over 72.44 m, including 517 g/t silver over 32.96 m in discovery hole DSS5218. Please refer to the Company’s news release dated January 13, 2020 for further details.

During the first quarter of 2020, an additional eight follow-up drill holes were completed. Multiple drill holes intersected several zones of structurally controlled silver mineralization with highlighted results of 126 g/t silver over 39.39 m, including 159 g/t silver over 30.93 m and 354 g/t silver over 12.26 m in hole DSS5228. Please refer to the Company’s news release dated August 6, 2020 for further details.

The objective of the 2021 drill program is to better understand the size potential of these silver zones and to continue the exploration of the target along the 650 m strike extent to the north. A total of 2,500 m have been allocated for this phase of work.

North Block

At the beginning of the fourth quarter of 2021, the Company plans to commence the inaugural drilling of the North Block properties, which include the El Bronce, Jisas and Jardan areas. Approximately 4,000 m in 18 drill holes are planned for the initial test.

At the district scale, the North Block occurs within the Eastern Intrusive Trend (Figure 2). The geology of the North Block differs considerably from that at Silver Sand as it is comprised of intermediate to felsic intrusive units, which are a more geologically typical sequence for the deposit type being explored for. Notably, the El Bronce property contains numerous historic mine workings that exploited both steeply dipping and flat-lying, high-grade, silver-rich polymetallic veins over an area approximately 500 m wide by 1 km long in strike. Detailed geological mapping indicates the intrusive host rocks are pervasively flooded by moderate to intense alteration, which reflects the passage of silver-rich hydrothermal fluids (phylic alteration (sericite) with local argillic (kaolinite) and propylitic (chlorite-epidote) zones). Surface mapping has also identified good to moderate micro-veining and stockwork development between the principal historically exploited structures thereby forming an attractive bulk tonnage target.

Importantly, the geology, alteration and style of existing silver mineralization at the North Block provides compelling evidence that the Silver Sand deposit forms part of a larger regional to district-scale, silver-rich, hydrothermal system or systems whose exploration potential remains to be unlocked.

MINERAL CONTINUITY AND GEOTECHNICAL DRILLING

To support the current PEA and future advanced engineering and mining studies, the Company will complete approximately 8,000 m of short-interval, orientated, mineral continuity and geotechnical, cross-style drill-sets, in three separate areas in the south and north portions of the Central Zone and within the West Zone (Figure 2).  Drill spacing for these holes will vary from 5 m to 10 m on section and along strike. The data will be used to provide intra-hole continuity information at the current drill spacing of under 25 m and detailed geotechnical and vein orientation data for future studies, which are expected to be conducted after the completion of the PEA.

In addition, the geotechnical drill holes are expected to support the planning of mine infrastructure and pit stability studies. The drill core derived from this phase of drilling will also be utilized for future geometallurgical test programs.   

Figure 1: Long Section of the Silver Sand resource model, looking west, displaying selected drill holes for the 2021 drill program: yellow drill trace = deep drill holes exploring feeder zones; blue and green drill trace = resource expansion and exploration drill holes. Resource model as presented in the Company’s Technical Report entitled “Silver Sand Deposit Mineral Resource Report (Amended)” dated June 3, 2020 (effective date of January 16, 2020) and prepared by AMC Mining Consultants (Canada) Ltd.

Figure 2: Surface geology map of the Silver Sand Project indicating locations of current drill target areas (the Snake Hole Zone, the North Block properties and PEA-related continuity drilling) and locations of previous diamond drilling.

QUALIFIED PERSON

The scientific and technical information contained in this news release has been reviewed and approved by Gary DeSchutter, M.Sc., P. Geo., Manager Silver Sand Project, who is a Qualified Person for the purposes of NI 43-101. The Qualified Person has verified the information disclosed herein, including the sampling, preparation, security and analytical procedures underlying such information, and is not aware of any significant risks and uncertainties that could be expected to affect the reliability or confidence in the information discussed herein.

ABOUT NEW PACIFIC

New Pacific is a Canadian exploration and development company with precious metal projects, including the flagship Silver Sand Project, the Silverstrike Project and the Carangas Project, all of which are located in Bolivia. The Company is focused on progressing the development of the Silver Sand Project, while growing its Mineral Resources through the exploration and acquisition of properties in the Americas.

For further information, please contact:

Stacey Pavlova, CFA
VP, Investor Relations and Corporate Communications
New Pacific Metals Corp.
Phone: (604) 633-1368
U.S. & Canada toll-free: 1-877-631-0593
E-mail: [email protected]
www.newpacificmetals.com

To receive company news by e-mail, please register using New Pacific’s website at www.newpacificmetals.com.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

Certain of the statements and information in this news release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian provincial securities laws.  Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “is expected”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategies”, “targets”, “goals”, “forecasts”, “objectives”, “budgets”, “schedules”, “potential” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information. Such statements include, but are not limited to: statements regarding anticipated exploration, drilling, development, construction, and other activities or achievements of the Company; timing of receipt of permits and regulatory approvals; and estimates of the Company’s revenues and capital expenditures.

Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks relating to: global economic and social impact of COVID-19; fluctuating equity prices, bond prices, commodity prices; calculation of resources, reserves and mineralization, general economic conditions, foreign exchange risks, interest rate risk, foreign investment risk; loss of key personnel; conflicts of interest; dependence on management, uncertainties relating to the availability and costs of financing needed in the future, environmental risks, operations and political conditions, the regulatory environment in Bolivia and Canada, risks associated with community relations and corporate social responsibility, and other factors described under the heading “Risk Factors” in the Company’s Annual Information Form for the year ended June 30, 2020 and its other public filings.  

This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements or information.   

The forward-looking statements are necessarily based on a number of estimates, assumptions, beliefs, expectations and opinions of management as of the date of this news release that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies.  These estimates, assumptions, beliefs, expectations and options include, but are not limited to, those related to the Company’s ability to carry on current and future operations, including: the duration and effects of COVID-19 on our operations and workforce; development and exploration activities; the timing, extent, duration and economic viability of such operations; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; the Company’s ability to meet or achieve estimates, projections and forecasts; the stabilization of the political climate in Bolivia; the Company’s ability to obtain and maintain social license at its mineral properties; the availability and cost of inputs; the price and market for outputs; foreign exchange rates; taxation levels; the timely receipt of necessary approvals or permits, including the ratification and approval of the Mining Production Contract with COMIBOL by the Plurinational Legislative Assembly of Bolivia; the ability to meet current and future obligations; the ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions; and other assumptions and factors generally associated with the mining industry.

Although the forward-looking statements contained in this news release are based upon what management believes are reasonable assumptions, there can be no assurance that actual results will be consistent with these forward-looking statements.  All forward-looking statements in this news release are qualified by these cautionary statements.  Accordingly, readers should not place undue reliance on such statements. Other than specifically required by applicable laws, the Company is under no obligation and expressly disclaims any such obligation to update or alter the forward-looking statements whether as a result of new information, future events or otherwise except as may be required by law.  These forward-looking statements are made as of the date of this news release.

CAUTIONARY NOTE TO US INVESTORS

The disclosure in this news release and referred to herein was prepared in accordance with NI 43-101 which differs significantly from the requirements of the U.S. Securities and Exchange Commission (the “SEC”).  The terms “proven mineral reserve”, “probable mineral reserve” and “mineral reserves” used in this news release are in reference to the mining terms defined in the Canadian Institute of Mining, Metallurgy and Petroleum Standards (the “CIM Definition Standards”), which definitions have been adopted by NI 43-101.  Accordingly, information contained in this news release providing descriptions of our mineral deposits in accordance with NI 43-101 may not be comparable to similar information made public by other U.S. companies subject to the United States federal securities laws and the rules and regulations thereunder.

Investors are cautioned not to assume that any part or all of mineral resources will ever be converted into reserves. Pursuant to CIM Definition Standards, “Inferred mineral resources” are that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling.  Such geological evidence is sufficient to imply but not verify geological and grade or quality continuity.  An inferred mineral resource has a lower level of confidence than that applying to an indicated mineral resource and must not be converted to a mineral reserve. However, it is reasonably expected that the majority of inferred mineral resources could be upgraded to indicated mineral resources with continued exploration.  Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases.  Investors are cautioned not to assume that all or any part of an inferred mineral resource is economically or legally mineable.  Disclosure of “contained ounces” in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measures.

Canadian standards, including the CIM Definition Standards and NI 43-101, differ significantly from standards in the SEC Industry Guide 7.  Effective February 25, 2019, the SEC adopted new mining disclosure rules under subpart 1300 of Regulation S-K of the United States Securities Act of 1933, as amended (the “SEC Modernization Rules”), with compliance required for the first fiscal year beginning on or after January 1, 2021.  The SEC Modernization Rules replace the historical property disclosure requirements included in SEC Industry Guide 7.  As a result of the adoption of the SEC Modernization Rules, the SEC now recognizes estimates of “Measured Mineral Resources”, “Indicated Mineral Resources” and “Inferred Mineral Resources”.  In addition, the SEC has amended its definitions of “Proven Mineral Reserves” and “Probable Mineral Reserves” to be substantially similar to corresponding definitions under the CIM Definition Standards.  During the period leading up to the compliance date of the SEC Modernization Rules, information regarding mineral resources or reserves contained or referenced in this news release may not be comparable to similar information made public by companies that report according to U.S. standards.  While the SEC Modernization Rules are purported to be “substantially similar” to the CIM Definition Standards, readers are cautioned that there are differences between the SEC Modernization Rules and the CIM Definitions Standards. Accordingly, there is no assurance any mineral reserves or mineral resources that the Company may report as “proven mineral reserves”, “probable mineral reserves”, “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources” under NI 43-101 would be the same had the Company prepared the reserve or resource estimates under the standards adopted under the SEC Modernization Rules.

SOURCE New Pacific Metals Corp.

Related Links

www.newpacificmetals.com

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Source: https://www.prnewswire.com:443/news-releases/new-pacific-commences-a-38-000-metre-exploration-and-resource-expansion-drill-program-at-its-flagship-silver-sand-project-301342588.html

Energy

Wie doet er mee aan de Race to Zero?

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Introductie van nieuwe tool om te helpen bedrijven te identificeren die zich actief inzetten voor het klimaat

LONDON, 25 september 2021 /PRNewswire/ — Race to Zero, de door de VN ondersteunde campagne die bedrijven, steden, investeerders en andere niet-gouvernementele actoren oproept om voor 2030 wereldwijde emissies te halveren, lanceerde vandaag een nieuwe tool om te zoeken naar leden in hun campagne. De tool is gericht op het prijzen van die entiteiten, die zich inzetten voor robuuste netto nul-emissiedoelstellingen.

De tool, die gratis ter beschikking wordt gesteld door Tableau, een mondiaal topanalyseplatform, plus Salesforce, wereldwijd toonaangevend in CRM, laat het naadloos filteren en zoeken toe van wie meedoet aan de Race to Zero.

Tijdens de opening van Climate Week NYC onderstreepte Al Gore eerder deze week het cruciale belang van transparantie – het gebrek daaraan bleek namelijk een belangrijke reden, waarom actie tot nu toe nog niet ambitieus genoeg was. De nieuwe visualisatietool van Race to Zero, die werd ontworpen met behulp van het Tableau-platform, somt alle entiteiten in de campagne op en draagt bij tot de samenstelling van een duidelijk beeld van die belanghebbenden, die zich actief inzetten voor robuuste netto nul-emissiedoelstellingen, waarmee ze een sterk signaal sturen aan hen die niet in de lijst staan, dat ze een tandje moeten bijsteken.

Elk lid van Race to Zero zet zich in voor hetzelfde overkoepelende doel: het snel en eerlijk verminderen van de uitstoot in alle toepassingsgebieden, in overeenstemming met het Akkoord van Parijs, met transparante actieplannen en robuuste doelstellingen op korte termijn. Samen vormen ze de brede alliantie van niet-gouvernementele actoren die zich inzetten om uiterlijk 2050 netto nul-emissies te bereiken. Race to Zero-leden voldoen allen aan de vereiste minimumcriteria voor deelname aan de campagne en worden gestimuleerd door hun partnerinitiatieven.

De Tableau-tool helpt ook bij de registratie van de vooruitgang per branche, waar specifieke kortetermijnknelpunten liggen voor meer dan 20 sectoren, die samen de wereldeconomie vormen, ook wel 2030 Breakthroughs genoemd. Samen brengen ze tot uitdrukking wat belangrijke spelers moeten doen en wanneer de sectorveranderingen die nodig zijn om uiterlijk in 2050 een volledig CO2-vrije toekomst te bereiken.

Bij de lancering van Climate Week NYC kondigde de UN High Level Climate Action Champions al aan, dat meer dan de helft van de belangrijkste sectoren van de wereldeconomie inmiddels breakthrough-ambities hadden bereikt. In elk van deze 15 sectoren, van schone energie tot farmaceutische producten en medische technologie tot beton en cement, heeft minimaal 20% van de grootste bedrijven in termen van omzet zich geschaard achter sectorspecifieke 2030-doelstellingen – in lijn met het leveren van netto nul-emissie in 2050 – waaronder doelstellingen zoals 60% hernieuwbare energieopwekking in de energiesector en 5% emissieloze brandstof in de scheepvaartsector.

Chris Lindsay, vicepresident EMEA Marketing bij Tableau zegt daarover, “Nu kan iedereen eenvoudig zoeken in de Race to Zero-database en erachter komen wie zich wel en – minstens zo belangrijk – wie zich niet inzet voor onmiddellijke klimaatactie. Wij zijn er trots op samen te werken met Race To Zero aan dit transformerende initiatief.”

Nigel Topping, UN High Level Climate Action Champion, zegt: “Transparentie is vooral belangrijk om precies te weten waar we staan en hoe ver we nog te gaan hebben. We zijn dankbaar voor de steun van Tableau en Salesforce om ons te helpen, al onze Race to Zero-leden onder de aandacht te brengen en om de stelselmatige verandering die gaande is in alle sectoren van de wereldeconomie door te voeren. Voor zover u nog niet op de lijst staat, dan is het nu het moment om mee te doen met de Race to Zero en bij te dragen aan de 2030 Breakthroughs.”

Gonzalo Munoz, Chile COP25 High Level Climate Champion, zegt daarover: “Ik wil graag Tableau en Salesforce hartelijk bedanken voor hun hulp bij het helder in beeld brengen van wie meedoet aan de Race to Zero, en dus ook impliciet, wie niet. Deze radicale transparantie is van cruciaal belang als we allemaal samen naar een halvering van de uitstoot tegen 2030 willen racen en ik kijk ernaar uit, dat de lijst van Race to Zero-leden blijft groeien en dat de voorgang naar de 2030 Breakthroughs blijft versnellen. We hebben geen tijd te verliezen.”

Over Race to Zero

Race to Zero is de door de VN ondersteunde, wereldwijde campagne die niet-gouvernementele actoren, zoals bedrijven, steden, regio’s en financiële, onderwijs- en gezondheidsinstellingen, ertoe aanzet grondig en ogenblikkelijk actie te ondernemen om tegen 2030 de wereldwijde uitstoot te halveren en tijdig een gezondere en eerlijkere, koolstofvrije wereld te bereiken.

Alle leden zetten zich in voor hetzelfde overkoepelende doel: het snel en eerlijk verminderen van de uitstoot in alle toepassingsgebieden, in overeenstemming met het Akkoord van Parijs, met transparante actieplannen en robuuste doelstellingen op korte termijn.

Onder leiding van de High-Level Climate Champions for Climate Action – Nigel Topping en Gonzalo Muñoz – mobiliseert Race To Zero spelers buiten nationale overheden om mee te doen met de Climate Ambition Alliance, die werd gelanceerd op de UNSG Climate Action Summit 2019 door de President van Chili, Sebastián Piñera.

Over de 2030 Breakthroughs

De 2030 Breakthroughs geven aan wat de belangrijkste spelers moeten doen en tegen wanneer, om de systeemverandering te bewerkstelligen die we nodig hebben om een sterke koolstofvrije wereld te bereiken in de meer dan 30 sectoren van de reële economie.

De 2030 Breakthroughs zijn afgeleid van de Climate Action Pathways – een serie uitgebreide sectorale roadmaps om het Akkoord van Parijs te bereiken in overeenstemming met 1,5 °C, ontwikkeld door de UN High Level Climate Champions en het Marrakech Partnership.

Zie ook: Samen onze systemen actualiseren 

SOURCE Race to Zero

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.prnewswire.com:443/news-releases/wie-doet-er-mee-aan-de-race-to-zero–889034506.html

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Automotive

Why MPG should matter for electric vehicles

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If saving the environment is merely a lifestyle choice, the automakers and their latest electric vehicles have got us covered. Tesla’s Plaid touts performance. Leafs, Priuses and Volts preach humility. And Ford is flexing its muscle with launches of electric Mustangs and F-150s.

But if consumers’ choices are going to contribute to a greener future — if they’re going to opt for energy efficiency over flash — they need the ability to make smart purchasing decisions. To enable that, an old-fashioned measuring stick from the gasoline era could come in handy: the concept of miles per gallon.

In the electric vehicle (EV) era, car shopping is no longer a simple matter of finding a high-MPG car and a cheap gallon of gas. Electricity costs are confusing. Price and efficiency information is hard to find and harder to understand. And ultimately, you have to do the math.

That means getting to know electric energy’s unit of choice: the kilowatt-hour, or kWh — a string of characters better suited to an engineering textbook. To determine their costs and carbon footprints, drivers must solve the brain teasers that turn kWh into dollars and miles.

If you don’t do that, you’re trusting the automakers to do the right thing for you and the environment.

The government can lead on this problem. In fact, it has, and it does. Gas pumps have long been required to list the price of a gallon, gallons pumped and total fill-up cost. A vehicle’s EPA-mandated miles-per-gallon rating — displayed on dashboards and on every new car’s MPG sticker — ties it all together.

So maybe we already have a common denominator for the EV age. A familiar, tangible energy unit that gives us an apples-to-apples way to think about cost, efficiency and pollution.

Fellow Americans, say hello — again — to the gallon. Even as we leave the gas-powered car behind, we can keep its energy unit. It’s tangible, and if it works for the energy contained in gas, we can make it work for electricity.

According to the Environmental Protection Agency, a gallon of unleaded gas contains about 34 kWh of energy. Knowing that, you can easily deduce how much your energy purchase costs and how far it can take you. The gallon can even help you better understand your other electricity usage, putting your home energy costs on an apples-to-apples basis with your automobile’s energy costs.

When I gallon-ized my energy bills for the month of August, I learned:

  • My house used 56 gallons (1,888 kWh) worth of electricity.
  • My average home electricity cost was $6.34 per gallon.
  • At a Tesla supercharger, I paid $8.43 per gallon (25 cents per kWh).

The government already publishes an MPG equivalent for electric and hybrid vehicles. Using MPG, it becomes clear that electric vehicles make up for a lot of that high cost-per-gallon in efficiency, often with ratings over 100 MPG.

MPG is already good for more than car shopping. New York City’s MPG mandates have doubled taxis’ fuel efficiency since 2009. (The city also reserves a portion of taxi licenses — medallions — for hybrids.) Uber and Lyft have announced green initiatives, but their lightly regulated status has let them avoid MPG standards.

Smart energy shopping alone will not solve climate change. Energy watchdogs also need to monitor the industry’s carbon impact from both electricity generation and EV-related hardware manufacturing.

All else equal, though, using less energy means less pollution. And common units can steer us toward smart choices that encompass far more than our cars. Should I buy batteries so I can stock up on electricity when it’s cheapest? Do solar panels make sense? What about better insulation or more efficient appliances?

A high-MPG vehicle and a home that also goes a long way on a gallon? Together, that would be a solid lifestyle choice.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://techcrunch.com/2021/09/25/why-mpg-should-matter-for-electric-vehicles/

Continue Reading

Automotive

Why MPG should matter for electric vehicles

Published

on

If saving the environment is merely a lifestyle choice, the automakers and their latest electric vehicles have got us covered. Tesla’s Plaid touts performance. Leafs, Priuses and Volts preach humility. And Ford is flexing its muscle with launches of electric Mustangs and F-150s.

But if consumers’ choices are going to contribute to a greener future — if they’re going to opt for energy efficiency over flash — they need the ability to make smart purchasing decisions. To enable that, an old-fashioned measuring stick from the gasoline era could come in handy: the concept of miles per gallon.

In the electric vehicle (EV) era, car shopping is no longer a simple matter of finding a high-MPG car and a cheap gallon of gas. Electricity costs are confusing. Price and efficiency information is hard to find and harder to understand. And ultimately, you have to do the math.

That means getting to know electric energy’s unit of choice: the kilowatt-hour, or kWh — a string of characters better suited to an engineering textbook. To determine their costs and carbon footprints, drivers must solve the brain teasers that turn kWh into dollars and miles.

If you don’t do that, you’re trusting the automakers to do the right thing for you and the environment.

The government can lead on this problem. In fact, it has, and it does. Gas pumps have long been required to list the price of a gallon, gallons pumped and total fill-up cost. A vehicle’s EPA-mandated miles-per-gallon rating — displayed on dashboards and on every new car’s MPG sticker — ties it all together.

So maybe we already have a common denominator for the EV age. A familiar, tangible energy unit that gives us an apples-to-apples way to think about cost, efficiency and pollution.

Fellow Americans, say hello — again — to the gallon. Even as we leave the gas-powered car behind, we can keep its energy unit. It’s tangible, and if it works for the energy contained in gas, we can make it work for electricity.

According to the Environmental Protection Agency, a gallon of unleaded gas contains about 34 kWh of energy. Knowing that, you can easily deduce how much your energy purchase costs and how far it can take you. The gallon can even help you better understand your other electricity usage, putting your home energy costs on an apples-to-apples basis with your automobile’s energy costs.

When I gallon-ized my energy bills for the month of August, I learned:

  • My house used 56 gallons (1,888 kWh) worth of electricity.
  • My average home electricity cost was $6.34 per gallon.
  • At a Tesla supercharger, I paid $8.43 per gallon (25 cents per kWh).

The government already publishes an MPG equivalent for electric and hybrid vehicles. Using MPG, it becomes clear that electric vehicles make up for a lot of that high cost-per-gallon in efficiency, often with ratings over 100 MPG.

MPG is already good for more than car shopping. New York City’s MPG mandates have doubled taxis’ fuel efficiency since 2009. (The city also reserves a portion of taxi licenses — medallions — for hybrids.) Uber and Lyft have announced green initiatives, but their lightly regulated status has let them avoid MPG standards.

Smart energy shopping alone will not solve climate change. Energy watchdogs also need to monitor the industry’s carbon impact from both electricity generation and EV-related hardware manufacturing.

All else equal, though, using less energy means less pollution. And common units can steer us toward smart choices that encompass far more than our cars. Should I buy batteries so I can stock up on electricity when it’s cheapest? Do solar panels make sense? What about better insulation or more efficient appliances?

A high-MPG vehicle and a home that also goes a long way on a gallon? Together, that would be a solid lifestyle choice.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://techcrunch.com/2021/09/25/why-mpg-should-matter-for-electric-vehicles/

Continue Reading

Energy

$ 3.45 Bn growth opportunity in Global HSS Metal Cutting Tools Market 2021-2025 | Technavio forecasts 3.98% YOY growth in 2021

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Market Dynamics
Factors such as the growing market for fabricated metal products and the demand for superior quality products and CNC machines will drive the growth of the HSS Metal Cutting Tools Market during 2021-2025. However, capital intensive nature of the market might hamper growth.

The growth in the automotive industry will have a positive impact on the growth of vendors. On the other hand, the slowdown in the Chinese economy is expected to reduce the growth potential in the market.

Company Profiles
The HSS metal cutting tools market report includes information on the product launches, sustainability, and prospects of leading vendors including ERASTEEL, Kennametal Inc., LMT Onsrud LP, Morse Cutting Tools, NACHI FUJIKOSHI Corp., OSG USA Inc., Sandvik AB, Stanley Black and Decker Inc., and Sumitomo Electric Industries Ltd.

Competitive Analysis
The report includes the competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. Some of the factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Market Segmentation

  • By Product, the HSS metal cutting tools market is classified into milling, drilling, tapping, and others. The market growth in the milling segment will be significant during the forecast period.
  • By Geography, the market is classified as APAC, North America, Europe, South America, and MEA. APAC will have the largest share of the market.

Related reports on Industrials include:
Global Laser Cutting Machine Market – Global laser cutting machine market is segmented by product (fiber, solid-state, diode, and others), end-user (automotive, aerospace and defense, electrical and electronics, industrial machinery, and others), and geography (APAC, Europe, North America, South America, and MEA).
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Global CNC Vertical Machining Centers Market – Global CNC vertical machining centers market is segmented by product (less than 5-axis and 5-axis or more), end-user (automotive, aerospace, metal fabrication, and others), and geography (APAC, Europe, North America, South America, and MEA).
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Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 – 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Milling – Market size and forecast 2020-2025
  • Drilling – Market size and forecast 2020-2025
  • Tapping – Market size and forecast 2020-2025
  • Others – Market size and forecast 2020-2025
  • Market opportunity by Product

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2020-2025
  • North America – Market size and forecast 2020-2025
  • Europe – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • ERASTEEL
  • Kennametal Inc.
  • LMT Onsrud LP
  • Morse Cutting Tools
  • NACHI FUJIKOSHI Corp.
  • OSG USA Inc.
  • Sandvik AB
  • Stanley Black and Decker Inc.
  • Sumitomo Electric Industries Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Source: https://www.prnewswire.com:443/news-releases/-3-45-bn-growth-opportunity-in-global-hss-metal-cutting-tools-market-2021-2025–technavio-forecasts-3-98-yoy-growth-in-2021–301383701.html

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