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IDTechEx Looks at 5 Key Areas Metal-Organic Frameworks Can Help Decarbonize

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BOSTON, May 27, 2024 /PRNewswire/ — According to IEA’s 2023 update to its net zero roadmap, carbon capture technologies, more efficient space cooling equipment, and clean energy transitions are all cornerstones of achieving net zero by 2050 and limiting global warming to 1.5°C. Emerging technologies utilizing metal-organic framework (MOF) materials for carbon capture, refrigerant reclamation, direct lithium extraction, HVAC equipment, and various other chemical separations and purification processes can see the advent of disruptive next-generation technologies that are essential for industrial decarbonization. IDTechEx’s new report, “Metal-Organic Frameworks (MOFs) 2024-2034: Market, Technology, and Players“, evaluates the role of MOFs in accelerating industrial decarbonization and the challenges associated with industrial adoption.

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5 key MOF-enabled technologies that can help address industrial decarbonization. Source: IDTechEx

1.  MOF sorbents for point source carbon capture solutions targeting hard-to-abate industries

Deploying carbon capture technologies is key to addressing emissions from industries that are hard to decarbonize (e.g. cement, steel, etc.), support low-carbon hydrogen production, and remove CO2 from the atmosphere. MOFs can function as highly selective filters that can adsorb CO2 in the presence of other gases, such as N2 and water vapor, with fast kinetics. The key advantage is that saturated filters can be regenerated within minutes using low-grade industrial heat or mature pressure swing processes, offering lower energy regeneration pathways compared to the incumbent. While these technologies are operating at a substantially lower scale than the incumbent amine scrubbing, there is potential to rapidly scale these modular technologies in the medium term.

2.  MOFs can reduce the carbon footprint associated with chemical production

Chemical separations and purification processes are one of the largest contributors to energy consumption in the chemical industry. There is a large opportunity for the development of alternative separation technologies using innovative materials (e.g., MOFs) to replace or supplement existing systems to reduce energy consumption. For example, propylene, a major chemical feedstock, can be separated from propane to produce polymer-grade propylene using MOF-based membrane technology. Swiss startup UniSieve told IDTechEx that its molecular sieve membrane technology can reduce energy consumption associated with propylene/propane separation by up to ~90% compared to conventional distillation processes.

3.  MOF-based direct lithium extraction technologies to address projected supply-demand challenges

Vast quantities of critical minerals are necessary for clean energy technologies such as electric vehicle (EV) batteries. 60% of the total demand for lithium is currently from clean energy, and this is set to approach ~90% by 2030 in the Net Zero Emissions (NZE) Scenario outlined by the IEA. The demand for lithium is projected to be over 700,000 tonnes by 2030 in IEA’s NZE Scenario, whereas the anticipated supply is expected to meet only ~70% of the demand. Additionally, IDTechEx’s report “Materials for Electric Vehicle Battery Cells and Packs 2023-2033” forecasts a supply deficit from 2026 (or earlier). Therefore, rapid expansions and diversification of robust and sustainable mineral supply chains are essential for continued growth.

The ability to tailor MOFs to selectively separate chemicals can be leveraged for direct lithium extraction (DLE) technologies, an alternative to conventional lithium isolation methods. US-based EnergyX developed its proprietary modular lithium-ion transport and separation (LiTASTM) technology, which uses MOF-based membranes. It is currently running pilot demonstrations of its technology across North and South America. The company has also received investment from General Motors (GM) to develop its DLE and refinery technology and support its commercialization. The agreement also enables GM to access competitive lithium offtakes for exclusive use in EV production and supports lithium production projects in North and South America in efforts to diversify supply chain opportunities.

4.  MOFs can widen the scope of refrigerants that can be reclaimed

Another area is refrigerant reclamation. Fluorocarbon refrigerants have a global warming potential (GWP) that is several hundred to several thousand times greater compared to CO2 (GWP of CO2=1). Following the Kigali Amendment to the Montreal Protocol, production of hydrofluorocarbon refrigerants needs to be reduced significantly by 2036. As a result, refrigerant and HVAC equipment manufacturer Daikin is actively promoting refrigerant reclamation. MOF-based separation technologies being developed are enabling the separation of fluorocarbon refrigerants with small differences in boiling points, that are not generally possible with conventional separation methods such as distillation.

5.  MOF-based HVAC systems to tackle high energy consumption associated with space cooling

Energy consumption associated with space cooling is set to more than double by 2050, with increasing demand for air conditioners in emerging markets and developing economies, according to the 2023 Update to the IEA Net Zero Roadmap. To manage the strain on electricity generation and infrastructure, more energy-efficient air conditioning systems are needed. For example, Montana Technologies is commercializing AirJoule®, which uses MOF-coated aluminum contactors for integration into HVAC and atmospheric water harvester systems and eliminates refrigerants. It claims that its technology can reduce electricity consumption by ~75%. The company announced in March 2024 that it received all necessary funding to commercialize its technology with partners, including BASF, GE Vernova, CATL, and Carrier.

IDTechEx Outlook

MOFs can unlock the advent of disruptive next-generation technologies that are essential for industrial decarbonization. However, there are several challenges with economically manufacturing MOFs for industrial applications and developing robust, scalable technologies that integrate these materials. Although early testing and pilot data demonstrate promising results, the technologies are yet to be demonstrated at an industrial scale. Partnerships between MOF manufacturers with technology developers are essential to advance these technologies and realize the potential of these materials, with strategic investments by industrial partners being key to bringing these technologies to market.

The new IDTechEx report “Metal-Organic Frameworks (MOFs) 2024-2034: Market, Technology, and Players” offers an independent analysis of these trends and considers applications of MOFs for several other early-stage technologies, including hydrogen storage, energy storage, sensors, and more. Informed by insights gained from primary research, the report analyzes key players in the field and provides market forecasts in terms of yearly mass demand and market value segmented by application.

To find out more about this report, including downloadable sample pages, please visit www.IDTechEx.com/MOFs.

For the full portfolio of advanced materials and critical minerals market research from IDTechEx, please visit www.IDTechEx.com/Research/AM.

About IDTechEx:

IDTechEx provides trusted independent research on emerging technologies and their markets. Since 1999, we have been helping our clients to understand new technologies, their supply chains, market requirements, opportunities and forecasts. For more information, contact research@IDTechEx.com or visit www.IDTechEx.com.

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Media Contact:

Lucy Rogers
Sales and Marketing Administrator
press@IDTechEx.com
+44(0)1223 812300

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Aiper Unveils a New Poolside Hero at CES: Introducing the Scuba X1 Pro Max

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The pinnacle of pool cleaning, the Scuba X1 Pro Max touts power and precision for perfect pools

LAS VEGAS, Jan. 9, 2025 /PRNewswire/ — Aiper, the global creator of award-winning smart yard technology, today announces the launch of its latest innovation in pool maintenance, the Scuba X1 Pro Max robotic pool cleaner. Combining power, precision, and intelligence, the Scuba X1 Pro Max delivers an unmatched pool cleaning experience, transforming tedious maintenance into a simple and effortless routine.

From the surface to the floor, and every corner in between, the Scuba X1 Pro Max cleaning coverage is unbeatable. Featuring OmniSense+™ 2.0, an advanced pool mapping system equipped with 40 ultrasonic sensors for adaptive path planning, the unit ensures a precise and efficient cleaning. And powered nine motors providing the world’s strongest suction at 8,500 gallons per hour (GPH), the Scuba X1 Pro Max also includes a patented MicroMesh™ ultra-fine filter to capture the smallest debris for an unmatched deep clean.

The all-in-one robotic pool cleaner intelligently adjusts its cleaning path using the FlexiPath™ 2.0 system, while Auto Mode optimizes suction power based on the pool’s debris levels, significantly boosting both cleaning efficiency and runtime. With a battery life of up to 10 hours when operating on the surface, along with true cordless operation, pool owners can enjoy a tangle-free and worry-free cleaning experience.

Additionally, the Scuba X1 Pro Max includes the brand’s new HomeComingDock™, enabling easy surface retrieval via the Aiper app, while a seamless integration with the optional HydroComm Pro provides real-time water quality monitoring, including metrics such as pH, temperature, and pool maintenance recommendations. The Scuba X1 Pro Max will be available for purchase in mid-February 2025 at $2,299 (MSRP) and will include a wireless charging dock. For a limited time, early customers will also receive a free Aiper Caddy for an easy and convenient way to transport and charge the Scuba X1 Pro Max when out of the water.

“At Aiper, we are constantly pushing the boundaries of what robotic pool cleaners can do and resetting the industry standard. The Scuba X1 Pro Max represents a significant leap forward, combining advance technology with user-friendly and user-centric design to deliver an effortless and enjoyable pool-cleaning experience,” said Richard Wang, CEO of Aiper.

To celebrate the new line up products, Aiper is thrilled to be named the Official Robotic Pool Cleaner of the Arizona Diamondbacks. Providing industry-leading entertainment in a clean, safe and family-friendly environment, MLB’s D-backs call Chase Field, in downtown Phoenix, home. Chase Field is the first Major League Baseball stadium to feature a pool, and Aiper will be keeping this famous water feature sparkling clean all season long. As part of the CES trade show launch event on January 8, former D-back outfielder, Luis “Gonzo” Gonzalez, along with the organization’s senior vice president of corporate partnerships, Steve Mullins, were in attendance at the Aiper booth (#52311) to show their support.

For more information about the Scuba X1 Pro Max visit www.aiper.com and follow Aiper on LinkedInFacebookInstagramTikTok, and X.

About Aiper

Aiper is the leading global creator of innovative cordless robotic pool cleaners on a mission to Bring Vacation Home by inspiring pool owners to turn their backyards into a personal oasis with the help of smarter cleaning solutions. After doing a deep dive into the pain points of traditional pool cleaners, the company embarked on a path to merge technology with innovative design to create the world’s most easy-to-use robotic pool cleaners that are not only cord and hassle-free but can automatically handle all the dirty work so pool owners can stop manually cleaning. Unlike other products on the market, each Aiper robot is guaranteed to minimize the time and money spent cleaning and give more time back to enjoy quality time with friends and family by the pool. Through that, Aiper has earned its place as the world’s best cordless robotic pool cleaner since its launch. In 2023 and 2024, Aiper products have been named CES Innovations Award Honorees.

 

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SOURCE Aiper

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TENNIS: PIRELLI AND AUSTRALIAN OPEN SIGN A MULTI-YEAR PARTNERSHIP BEGINNING FROM 2025

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MELBOURNE, Australia, Jan. 9, 2025 /PRNewswire/ — From this year, Pirelli will be the Official Tyre Partner of the Australian Open, which will start on Sunday 12 January in Melbourne. After motorsport, football, sailing and skiing, Pirelli enters tennis, choosing to support the Grand Slam with a partnership which represents a high-profile showcase for promoting the brand throughout the world.

Andrea Casaluci, CEO of Pirelli: “For Pirelli, the Australian Open represents a very important opportunity for visibility because of the great interest in tennis at the global level. In particular, the sponsorship will help increase awareness of our brand in Australia which is a market with a high concentration of prestige cars. Precisely in Melbourne, home of the tournament, in 2019 we opened a Pirelli P Zero World, our flagship store model currently present in only four other cities in the world”.

Cedric Cornelis, Tennis Australia Chief Commercial Officer: “We are very pleased to announce Pirelli as the Official Tyre Partner of the Australian Open. Pirelli is synonymous with innovation and performance, making it a great fit for one of the world’s premier tennis events. We are delighted that Pirelli has chosen the Australian Open to mark its first investment in a Grand Slam.”

PIRELLI AND SPORT

Pirelli’s connection with tennis dates to 1930 when the company began making tennis balls, until the 1970s. The passion for sport has always characterized the history of Pirelli, as demonstrated by the different disciplines in which it participates, from football to sailing to skiing. In motorsport, where Pirelli has competed since 1907, it is today present in over 350 competitions starting from the top level with Formula 1©.

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SOURCE Pirelli Tyre

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IndiaBonds.com Launches Digital Fixed Deposits – Expands Fixed Income Product Suite

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MUMBAI, India, Jan. 9, 2025 /PRNewswire/ — IndiaBonds.com, a SEBI-registered Stock Broker (Debt Segment) & licensed Online Bond Platform Provider (OBPP), has launched Digital Fixed Deposits (FDs), making fixed-income investments more accessible and convenient for individual investors across India. With this addition, IndiaBonds.com now offers a unified platform for managing both bonds and fixed deposits seamlessly, bringing all fixed-income investments under one ambit. This launch is in line with IndiaBonds’ vision to deliver stable and rewarding investment options to retail investors while simplifying portfolio management.

The platform offers a fully digital, paperless onboarding process, including quick KYC completion, making it easy for retail investors to get started. On the platform, the investors can earn up to 9.4% interest in their fixed deposit investments. Its integrated portfolio dashboard provides clear insights into cashflows, returns, and fixed income allocations, helping investors track and manage their investments efficiently.

By combining the stability of fixed deposits with the big flexibility of bonds, the platform empowers investors to build balanced, diversified portfolios. Additionally, investors benefit from customizable payout options, low minimum investment requirements, and the convenience of managing all their fixed-income investments in one place. The platform will expand its offerings with additional FD partners in the coming weeks.

Vishal Goenka, Co-founder of IndiaBonds.com, said, “At IndiaBonds, we have always focused on making regulated fixed-income investments simple, transparent, and accessible for individual investors. The launch of Digital Fixed Deposits is a natural step forward in our journey of expanding product offerings. By integrating bonds and FDs on one platform, we are enabling investors to optimize their portfolios effortlessly and take full advantage of fixed-income opportunities in the current market environment.”

He added, “We are committed to continuously evolving our platform and product suite to provide clients with seamless access to stable and diversified investment options, empowering them to make informed financial decisions with ease.”

This innovative offering not only caters to the growing demand for diverse investment options but also reinforces IndiaBonds.com’s commitment to empowering individual investors with tools to make informed and rewarding financial decisions.

About IndiaBonds

Launched in 2021, IndiaBonds is a SEBI-registered leading Online Bond Platform Provider. It provides access to investors in the fixed-income market in a low-cost, transparent, and easy-to-use manner.

At the helm of this bondtech company are industry veterans — Vishal Goenka, Co-Founder, and Aditi Mittal, Co-Founder & Director. This core team is committed to pioneering the digital revolution in the corporate bond market in India.

IndiaBonds provides a wholesome solution to bond investing to its customers and enables them to unlock the value of the fixed-income asset class. The experienced team assists investors with access to a wide choice of bond investment opportunities that provide stability, generate predictable income, and meet their investment objectives.

Within the Online Bond Platform Providers community, IndiaBonds is recognized as a revolutionizing fintech start-up owing to some of its ground-breaking innovations in the fixed-income industry.

In 2022, it announced the launch of its strategic tool, the Bond Yield Calculator, which aids investors by simplifying the complexities of calculating corporate bond prices and yield.

In 2021, it launched a comprehensive Bond Directory for the general public to have detailed information on all INR-denominated bonds outstanding in India.

 

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