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Demand for electric vehicle batteries continues to grow worldwide

Electric vehicle (EV) sales accelerated in 2021 and have remained high since. In 2022, EV sales exceeded 10 million units. Overall, 14% of all new cars sold were electric in 2022, compared to about 9% in 2021 and less than 5% in 2020.

However, supporting the future of electric vehicles requires greater efforts to diversify the production of batteries and critical mineral sources. In the short term, the most significant obstacles to consistently high EV sales are the rising cost of several important minerals needed for battery production, as well as supply chain bottlenecks caused by Russia's war against Ukraine.

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Energy: the move towards decentralized grids

Russian missile strikes have destroyed almost half of Ukraine's energy infrastructure—a highly centralized grid consisting of large-scale nuclear, coal, and gas plants, many of which are located in the country's conflict zones. Reconstructing these plants could take years.

The Ukrainian government recently announced that building a decentralized and diversified energy system—one that would be more resilient in the face of military attacks or natural disasters and capable of enhancing energy security while promoting a transition to renewable energy sources (RES)—will be a primary goal and priority moving forward. This also points to Ukraine's untapped potential for solar and wind energy and other renewable sources, such as biomass and hydropower.

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Guarantees of Origin: How Ukraine Strengthens the Green Energy Market and Opens New Horizons for Investment

Ukraine has taken a strategically important step towards the development of clean energy by introducing a system of guarantees of origin for electricity from renewable sources (RES). This decision not only strengthens the position of our state in the domestic energy market but also opens up unprecedented opportunities at the international level, particularly regarding the export of "green" energy and the attraction of "green" investments. Despite the colossal challenges caused by the full-scale war, Ukraine demonstrates resilience and dynamic development in the RES sector. In 2022–2023, more than 650 MW of new generation facilities were added to the energy system, which indicates the significant potential and attractiveness of the industry even in difficult conditions. "Clear Energy" LLC, as a leading player in the market, is actively participating in this process, expanding its portfolio of projects in various RES segments.

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