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Silver News: Green Tech Will Consume Over 1.5 Billion Ounces of Silver Through 2030 Plus Some New Innovations

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Green technologies will consume over 1.5 billion ounces of silver over the next twelve years.

The Silver Institute highlighted the growing demand for silver in the green energy sector, along with some new technological innovations utilizing the white metal in its latest edition of Silver News

According to the Silver Institute, strong growth of new energy vehicles (NEVs) and continued investment in solar photovoltaic energy, should further boost global industrial demand for silver over the next decade and beyond. The institute projects roughly 820 million ounces of silver will be utilized by global solar energy applications alone through 2030.

Battery electric vehicles and plug-in hybrid sales could account for as much as 17% of global car sales with traditional hybrids making up another 20% of the market by 2030. This will also boost demand for silver.

The latest issue of Silver News also features some fascinating technological developments using silver and other interesting news related to the white metal.

  • The HERO Bowl from UK-based pet care company HOWND is made from recyclable polypropylene and reduces by up to 99.99%  of bacteria, mold and fungi in your pet’s food bowl company officials say. Biocote is a proven antimicrobial technology that embeds silver ions into materials including plastics, textiles, paints and ceramics, and is used in many consumer, healthcare and commercial applications.
  • Researchers at the University of Arkansas have received a grant of $498,983 from the National Science Foundation to study the antimicrobial mechanisms of silver nanoparticles and learn more about how they kill microbes.
  • For the first time, South Africa’s iconic Krugerrand is being minted in silver.
  • Two companies are competing to provide the US Navy with silver-zinc batteries for various deep-sea vehicles. Silver-zinc batteries offer very high energy-to-weight ratios and are often found in button sizes for watches, hearing aids and other small devices. In large sizes, they are often used in military applications such as torpedoes, submarines and other undersea devices.
  • A Greek surgeon is producing silver-embedded surgical tools using a 3D printer. Dr. Petros Bangeas introduced his antibacterial inventions at a recent trauma seminar.

Get Peter Schiff’s latest gold market analysis – click here for a free subscription to his exclusive monthly Gold Videocast.
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