Electrum Holding

Good read for everyone invested in the journey of climate technologies and their path to becoming integral parts of the global economy! There are, of course, challenges and these sometimes may seem big, but - with the right moves and mindset - we can overcome them. Technologies that were once considered challenging are now central to our energy landscape and we have a lot to learn from them. This is according to a recent report by Boston Consulting Group (BCG) on climate tech’s growth challenges and energy transitions that brought technologies like wind, solar and LNG to maturity. Today’s emerging solutions - green hydrogen, sustainable fuels and advanced carbon capture - face similar barriers, including high costs, technical issues and policy uncertainty. 1st main challenge is to overcome the technical hurdles. The report emphasizes the importance of standardization and modularization, pointing to the wind sector’s success in lowering costs through universal safety and technical standards. These same approaches could be key for green hydrogen and sustainable aviation fuel, making production more efficient and scalable. Second is tackling market and policy challenges. As the report highlights, early LNG projects used tolling agreements to reduce financial risks, showing us how structured frameworks can create stable revenue and attract investment. For climate tech today, similar frameworks could provide the consistency needed to overcome policy and market obstacles, stabilizing demand for sustainable solutions. Third is aggregating demand. Just as the Clean Energy Buyers Association (CEBA) helped renewable projects gain momentum, demand aggregation could play a crucial role in scaling up new climate tech. Supporting niche markets initially, such as remote operations or data centers, might be the first step to widespread adoption. At Electrum, we’re committed to fostering the growth of these transformative technologies, backed by the strategies proven in past energy transitions. The journey ahead may be challenging, but with lessons like these, a resilient, net-zero future is within reach. 🌱⚡ Source: Boston Consulting Group (the whole report is sharp and condensed to few pages): https://lnkd.in/dtkbyXRf #ClimateTech #ClimateTechnologies #Electrum #BostonConsultingGroup

If you wonder what are some technologies of the future we’re exploring at Electrum… we must say that green hydrogen is at the top of our list! We really believe that this element - the most abundant one in the universe - gonna fuel our economy. (🇭) The development of green hydrogen is inseparable from the advancement of renewable energy sources, as these provide the zero-emission pathway we need to produce this essential element in its green version. Hydrogen can be generated in various ways, though unfrotunately the most common methods today are far from emission-free. These are gray hydrogen, derived from fossil fuels, and blue hydrogen, which partially captures and stores CO2. And the blue one is tricky - not only because capture technologies are imprecise (sometimes operating at only 50% efficiency), but also because transporting blue hydrogen leads to methane leakage—a gas 28 times more potent than carbon dioxide over a short-term perspective (one hundred years), significantly contributing to the current greenhouse effect. At Electrum, we are focused on green hydrogen as part of our commitment to a Net Zero world by 2050. But the path to green hydrogen depends on renewable electricity, connecting it deeply with Electrum's core expertise in renewable energy projects. This relationship is not one-sided - green hydrogen has the potential to support renewables by acting as a storage solution for captured energy. We offer expertise across development, implementation, and operation, right through to end-of-life stages for hydrogen installations. Electrum is here to guide and partner with companies ready to build this future. Without new installations, we won’t reach the day when affordable, accessible hydrogen and clean electricity shape our energy landscape. If you’re ready to become part of the Net Zero vision, reach out, and let’s discuss the possibilities. 🤝 #GreenHydrogen #Innovation #Technology #RenewableEnergy 

When we talk about the need to combine bold dreams with decisive actions, we look to figures like Maria Telkes, who never doubted she could harness #SolarEnergy – even when everyone around her did. Today, we know how to use solar energy in many ways. However, we must remember that it was pioneers like Maria, a Hungarian-American biophysicist and inventor, who blazed the trail. We honor her not only because new technologies for more efficient solar energy conversion remain undiscovered, but also because we continue our series "Women in Engineering," which celebrates women's representation in #STEM fields. Telkes was born in 1900, and as a female inventor, she faced many barriers that, if left unchallenged, would have prevented the creation of inventions like the portable solar distiller, the solar oven, and innovative homes like the Dover Sun House and Solar One. The latter serves as an excellent symbol of sustainability, skillfully integrating various resources and capabilities within a single project. Solar One was equipped with solar collectors that converted sunlight into thermal and electrical energy, a heat storage system based on Glauber's salt that stored energy during the day and released it at night to maintain a stable indoor temperature, and photovoltaic panels that powered lighting and household appliances, making it the world’s first home to both heat itself and generate electricity through solar power. While photovoltaic panels existed before – Bell Labs developed the first practical PV cells in the 1950s – Solar One stood out by integrating these technologies into a single, functional residential building. Innovation is not just about introducing entirely new technologies. It's also about skillfully combining existing technologies and finding new applications and contexts for them. Despite her numerous successes, Maria often faced challenges as a woman in the male-dominated world of science. Her strong-willed nature and confidence were not always well received by her colleagues, and her innovative ideas and persistence in realizing them were sometimes met with resistance and skepticism. But she was sure of one thing, as she once said: „Sunlight will be used as a source of energy sooner or later anyway. Why wait?” Part of our mission is to promote sustainable energy solutions by supporting diversity and inclusivity in STEM. We believe that innovation thrives in diverse teams that bring together different perspectives and experiences. Inspired by figures like Maria Telkes, we strive to create a future where renewable energy is accessible to all, and women play a key role in its development. Image source: Dittrick Medical History Center #MariaTelkes #WomenInScience #WomenInEngineering #RenewableEnergy

As the world accelerates towards a future powered by affordable, low-carbon energy, every step counts. A recent Forbes article by Jeff McMahon, drawing from International Renewable Energy Agency (IRENA)'s 2023 report, captures pivotal advances signaling a major shift in the energy landscape. The year 2023 marked record-breaking global adoption of renewable energy, adding an impressive #473GW of new power capacity—a 54% increase from 2022. Even more remarkable, 81% of this new capacity produced power at costs lower than fossil fuels! Solar PV and onshore wind led this surge, contributing over 300 GW and 100 GW, respectively, while battery storage capacity expanded by nearly 96 GWh, driven by advancements that have lowered storage costs by 89% since 2010. Thanks to scaled-up manufacturing and improvements in technology, utility-scale solar PV now costs just 4.4 cents per kWh—a 12% decrease in a year—while onshore wind is down to 3.3 cents per kWh. By comparison, fossil fuel-generated electricity rose to 10 cents per kWh, underscoring the growing economic advantage of renewables. 💵 Renewable power systems not only promise affordability but also stability, with less vulnerability to fuel price volatility and greater adaptability through advanced storage solutions. This helps ensure a reliable energy supply, even during peak demands. Environmental benefits are equally compelling: renewables help lower CO₂ emissions, reduce air pollution and minimize environmental degradation. These gains contribute to healthier communities, more sustainable government budgets, and long-term public health savings. As the world aims to triple its renewable capacity by 2030, aligned with the commitments of COP28, the global climate summit, further declines in technology costs will be crucial. Innovations in energy storage and renewable capacity expansion show that renewables are no longer just a choice - they’re fast becoming the go-to solution for tomorrow’s energy needs. We’re witnessing a sustainable, cost-effective movement that’s transforming how we power our world. 💚 Read the full Forbes' article here: https://lnkd.in/dcXd-yVR #EnergyCosts #SustainableGrowth #ElectrumHolding 

Last Friday, our team gathered in the scenic Serock for our annual event dedicated to professional growth and team unity. 🤝 With Electrum expanding rapidly —  bringing on over a hundred new team members in the past year — this gathering offered an invaluable opportunity for us to deepen the understanding of our projects, connect with colleagues, strengthen knowledge of our work’s core fundamentals and feel rooted in the shared vision of a sustainable energy future. Through workshops led by our in-house experts, participants explored key topics that drive our mission. “Energy for Non-Energy Specialists,” session, led by Marcin Kretuński, Mariusz Kruciński and Kamil Kozicki, provided foundational insights into the energy sector, helping everyone grasp the essentials of our industry and the project frameworks we rely on daily. Another important perspective was presented through the “New Technologies in Climate Tech” session by Przemek Komarnicki, covering innovations essential to sustainable development, such as smart grids. Staying informed on these advancements is essential to our commitment to responsible leadership in the industry. 🧠 Beyond technical skills, the event also focused on building a collaborative, supportive team culture. Workshops like “Assertiveness and Communication” with Hanna Wójcicka Grudowska (she/her), as well as “Feedback Culture” and “Stress and Emotion Management” with Joanna Dolińska | Trenerka biznesu and Marta Zawadzka, helped team members enhance interpersonal skills that foster resilience and effective teamwork — key components in our project-driven environment. Last but not least, there was the “Business Etiquette” workshop, also led by Joanna and Marta, which introduced the principles of professional etiquette and the basics of building a professional image. Finally, our evening dinner provided the perfect setting to continue conversations, exchange insights, and celebrate our shared goals in a relaxed environment. Every moment spent together reinforces our dedication to our mission and strengthens the bonds that fuel our work. With an interdisciplinary approach, every team member — regardless of department — becomes an integral part of the energy transition we are building together. 💯 Thank you to everyone who contributed to this inspiring event! Such a great work! Fot. Małgorzata Kruszewska #ElectrumMission #ElectrumTeam #ElectrumValues

Why do we express emotions? Are we really living in a culture of shame? How can we grow, both individually and as a community? These questions were at the heart of the panel discussion, “Pickle Cucumbers, Not Emotions – How to Talk to Grow Together” 🥒, held as part of the “Do We Really Care?” conference at this year’s Electrum Up To Date Festival. The session, led by the festival’s creative director, Cezary Chwicewski, attracted a large audience and we're excited to now share the recording online. In a time when empathy, understanding and communication skills are increasingly valued, exploring the culture around emotions and shame feels more relevant than ever. This panel offers insights that go beyond personal growth, encouraging reflection on how we can build cohesive teams and more open relationships. The panel featured: 🥒 Grażyna Biedroń – an artist and mental health advocate whose approach to life and work is grounded in authenticity and openness. 🥒 Kamila Papaj – a specialist in empathetic communication and a trainer helping foster healthy relationships and community in educational settings. 🥒 Andrzej Bajguz – a journalist with Polish Radio Białystok, blending art, culture and social responsibility through his work. This engaging discussion, filled with personal stories and practical takeaways, is a great opportunity for anyone aiming to enhance communication and connection in daily life. Watch the recording and join us in exploring these important themes: https://lnkd.in/gD3Gcwxr #ElectrumUpToDateFestival #DoWeReallyCare #MentalHealth

We’re excited to announce the completion of a solar power plant in Tauragė for Ignitis Group, an international green energy company and one of the largest developers of renewable projects in the Baltic countries, Poland and FInland. The PV is now fully operational! As we continue to expand internationally, completing this 22.1 MW solar power plant in western Lithuania is a significant step forward. Delivered by Everto, part of the Electrum Group, this project not only strengthens Lithuania’s energy system but also advances the region’s commitment to sustainability 🌞 The project involved installing over 33,656 photovoltaic modules, 58 inverters and 6 transformer stations, along with a medium-voltage line - linking the plant to the nearby Lauksargiai substation, ensuring a steady flow of clean energy into the local power grid - and developing local infrastructure, including the installation of KAS cabinets and energy analyzers. Construction, spanning May 2023 to July 2024, highlights our team’s dedication to delivering high-quality results in complex international projects. “Our high qualifications and extensive experience in the installation and operation of energy equipment are confirmed by key #VERT certifications and the recently obtained #SSVA certification. These credentials allow us to execute large and complex renewable energy projects in Lithuania. We are proud to contribute to the development of a sustainable energy mix for our neighboring countries”, says Aleksander Olszewski, Project Director at Electrum. Our work in Lithuanian renewable energy doesn’t stop here – we’re currently building a 42.2 MW solar farm in Mažeikiai in partnership with Public Company "ORLEN Lietuva" as part of the modernization of an existing refinery. Each step we take in Lithuania and beyond strengthens our commitment to a cleaner, more resilient energy landscape. By advancing renewable energy infrastructure and fostering sustainable partnerships, we’re not just responding to today’s demands - we’re actively building the foundation for an energy future that respects our planet. #RenewableEnergy #SolarPower #Electrum #Everto #IgnitisRenewables 

At Electrum, we understand that the rapid changes in today’s world affect not only our environment but also our mental well-being. The World Health Organization estimates that 25% of the population will experience a mental health crisis at some point in their lives, with stress, economic pressures, climate issues and personal challenges only adding to this reality. As an employer, we believe that the balance we aim to bring to the energy world must be mirrored by balance within our team. At Electrum, there’s no place for stigma around mental health. We’re committed to fostering an atmosphere of respect, understanding and openness, where every team member feels supported and empowered to seek help when needed. Prioritizing mental health is essential for effectiveness, innovation and true job satisfaction. At Electrum, we support our employees every step of the way, without judgment. We promote a culture where everyone has the right to moments of vulnerability, to take breaks, to recharge, recognizing that real engagement is built on a foundation of mutual support. However, beyond support, there may something even more important - spending time in nature. I’s a simple but powerful way to reconnect with our place in the larger world. Nature grounds us, offering fresh perspective and renewal, which are essential for maintaining inner balance. Today, on World Mental Health Day, we encourage everyone to take a moment to reflect on their well-being and to make self-care a priority. Together, we can build a world that supports balance – in our work and personal lives, in nature and in our own inner worlds. 💚 #WorldMentalHealthDay #MentalHealthAwareness #WellbeingAtWork #Electrum #SustainableBalance

The #NetZero goal on the horizon: achieving global ambitions for 2050 requires a nearly threefold increase in renewable energy investments by 2030. According to the latest reports from BloombergNEF, 40% of the world’s electricity in 2023 came from zero-emission sources. This is a significant milestone, with the renewable energy sector breaking records in both investment and new production capacity. The world is undoubtedly moving towards a green economy; however, specialists in the “Energy Transition Investment Trends 2024” report indicate that meeting the Net Zero goal by 2050 will require almost a threefold investment increase – to a staggering $4.84 trillion annually by 2030. Such a substantial investment level is essential to keep us on course toward global decarbonization and the widespread adoption of low-emission technologies. Interestingly, electric transportation has taken the lead in the energy transition, with investments reaching $634 billion in 2023, surpassing the renewable energy sector’s $623 billion. BloombergNEF’s projections suggest that in the coming years, annual investments will average $1.8 trillion for electric transport and $1.3 trillion for renewable energy – based on the sector’s growth trajectory and technological challenges. 📈 For us in the renewable energy industry, this presents not only a challenge but also an opportunity to attract greater investment and accelerate growth. Investment in infrastructure – particularly in energy storage technologies, carbon capture and storage (CCS) and grid modernization – will be critical to sustaining a stable path to decarbonization. In 2023, there was also a record gap between energy transition spending and fossil fuel investments, with a difference of $671 billion compared to $508 billion in the previous year. Spending on fossil fuels totaled $1.1 trillion, marking a historic decline in contrast to the rising investment in renewable energy. ☀️ At Electrum, we are committed to advancing this energy transition by implementing Climate Tech innovations that actively support the development of a reliable green infrastructure worldwide. Check out the full report: #EnergyTransition #SustainableInvestment #GreenFuture #CleanEnergy

WindEnergy Hamburg 2024 left no doubt: offshore wind is rapidly emerging as a foundational element of the global energy transition. The event provided invaluable insights into the future of the sector, showcasing how advancements in technology, supply chain solutions and innovative approaches to offshore energy generation are driving the industry forward. As we return from this event, it’s clear that the offshore wind market is poised for exponential growth, and Electrum is ready to play a key role in this evolving landscape. Here are some interesting offshore wind takeaways we’re exploring: 🔹 The North Sea’s potential for large-scale offshore wind developments is crucial to European energy security. The region’s wind capacity offers a stable and sustainable energy source - its strategic location allows for energy sharing and grid integration across multiple countries, reinforcing cross-border energy cooperation and improving grid stability across Europe. This collective approach to offshore wind development is critical to meeting Europe’s climate neutrality goals by 2050. 🔹 Floating offshore wind technology is unlocking new areas for development in deeper waters. The advancements in floating substation solutions are making it possible to scale these projects more efficiently, opening up more opportunities beyond traditional shallow-water installations. 🔹 The combination of offshore wind and hydrogen production is emerging as a transformative solution. Offshore wind farms can now generate green hydrogen, offering an innovative way to store excess energy and address the growing demand for clean fuels in heavy industries and transportation. 🔹 A focus on risk reduction is critical for scaling the industry. Reducing insurance costs and developing strategies to mitigate operational risks will be key to attracting more investment and ensuring long-term profitability for offshore wind projects. 🔹 Transporting wind turbines remains a complex logistical challenge. Balancing the environmental impact of transportation with economic efficiency is essential as turbine sizes increase and offshore wind farms are located further from shore. 🔹 Strengthening the global offshore wind supply chain is a pressing need. With demand growing rapidly, ensuring a resilient and scalable supply chain for components like turbines, cables and substations will be essential for meeting global energy targets. 🔹 Exploring multi-source offshore energy parks, which integrate wind, solar and wave energy in a single location, is an innovative approach to maximizing energy generation and optimizing the use of ocean space. We are excited to explore these as we continue to expand our offshore wind capabilities. The Baltic Sea represents a tremendous opportunity for growth, and we are committed to driving the energy transition forward with our advanced climate tech solutions that are designed to support a net-zero world. #OffshoreWind #WindEnergyHamburg #Electrum