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Copper Crisis Threatens Green Initiatives

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Could Bimetallic ‘Supermetals’ Provide a Solution?

by Craig York, Copperweld CEO

BRENTWOOD, Tenn., June 25, 2024 /PRNewswire/ — The copper industry is driven by a complex system of supply-and-demand cycles. One cycle of particular concern, given the growing interest in decarbonization technologies, involves the relationship between global copper supply and green initiative copper demand. This co-dependency presents a zero-sum scenario where copper supply deficits threaten green initiatives, and green initiatives intensify the copper supply crisis. To avoid a stalemate, the future of green programs may depend on solutions that offer a more efficient and sustainable use of copper.

Copper Supply Shortfall

Copper prices recently reached record highs, crossing the $5/lb threshold for the first time.1 Analysts attribute much of this price explosion to soaring copper demand, mainly due to the large role copper plays in renewable energy, decarbonization efforts, and power grid investments.2

Over time, if increased copper demand is continually met with reduced supply, shortfalls are soon to follow. In 2022, copper production was about 22 million metric tons (MMT), while demand was about 26 MMT; recycled copper scrambled to make up the difference.2 Some analysts estimate the growing supply-demand gap will result in an annual copper supply shortfall of 8 million tons by 2034 — an outcome that would pose a significant hurdle for the future of green energy projects.3

How Does the Copper Shortage Threaten Green Goals?

It is estimated that the technology used in green initiatives could eliminate 2/3 of global greenhouse gas emissions by 2050. However, meeting net-zero carbon emission targets would require doubling annual copper demand to 50 MMT. With copper suppliers already struggling to increase output, that’s unlikely to happen.3

Richard Adkerson, former CEO of U.S. mining group, Freeport-McMoRan, predicts that surging copper demand will cause a supply shortfall as society rapidly adopts electric cars, renewable electricity, and power grid expansions.4

Wire and cable products are of particular interest in the usage of copper for green programs. Overall, wire and cable use related to the green energy transition could grow from 0.8 million MMT to 6.7 MMT between 2020 and 2040.3

While copper demand in conventional applications will increase only 0.5% by 2040, there will be significant increases in copper usage in some green energy sectors. This includes an 11% increase in demand from electric vehicles (EVs) and chargers, a 19% increase from grid expansion, and a 7% increase from renewable energy technologies during this time frame.3

As our society moves forward with green energy initiatives, we must conserve and reallocate copper resources. The solution is found in copper supply management through copper-alternative products in high-usage markets.

‘Supermetals’ — Bimetallic Wire Conserves Copper and Offers Enhanced Performance

A bimetallic wire is an engineered electrical conductor that is composed of two separate metals metallurgically bonded together, combining the distinct characteristics of the two metals into one ‘Supermetal’.

Copper is limited in its engineering options. To increase strength, you must use more copper. With a bimetallic wire, an engineered core of steel or aluminum can be used to provide benefits like increased strength or improved energy efficiency while conserving copper at the same time.

Unlike alloys which are a blend of metals throughout, bimetallic wire often consists of a corrosion-resistant periphery of copper with an inner core of metal chosen for its specific performance characteristics. This construction opens a wide range of engineering possibilities for leveraging the core of the wire to create an electrical conductor that goes beyond copper’s capabilities alone.

Two popular bimetallic ‘Supermetals’ have forged a significant presence in the power grid and construction markets:

Copper-Clad Steel (CCS) grounding, power, and signal conductors have been used in substations, power distribution, underground utilities, mining, and transportation applications for nearly a century.Copper-Clad Aluminum (CCA) is a bimetallic conductor that has been widely used in telecommunication, data, and building construction applications for over 50 years.

Bimetallic ‘Supermetal’ Benefits:

Reduced Copper Consumption – Bimetallic conductors optimize the use of valuable copper, in some cases using only 1/6 the copper found in solid copper wire.Improved Energy Efficiency – CCA building wire has 2.7% lower impedance, translating into energy savings and less strain on the power grid.5Enhanced Strength – CCS conductors provide up to three times more tensile strength than solid copper, allowing CCS wires to be used in power grid and utility applications where demanding conditions often lead to broken wire or loose connections that can cause power outages and safety hazards.6 Extended Service Life – CCS conductors have up to five times more flex-fatigue endurance, allowing wires to withstand the bending, jerking, and vibration experienced in applications that encounter repeated stress and impact.7 Improved Connections – CCS wire’s corrosion-resistant copper exterior and annealed steel core allow utility workers to ‘bite down’ on grounding wires, making solid connections that remain secure through decades of abuse.Reduced Incentives for Theft – As the price of copper reaches all-time highs, copper theft is an increasing issue. Bimetallic wires have conveniently low street value, making them less attractive to copper thieves.Improved Cost Stability – With lower copper content, bimetallic wires reduce exposure to volatile price fluctuations experienced with solid copper wires.

Of bimetallic wire’s many advantages, two benefits represent the potential for significant impact on decarbonization and green initiative efforts:

1) Bimetals Conserve Copper

Focusing on industries that use large amounts of copper is key to copper conservation efforts.

As the largest consumer of copper resources, the construction industry accounts for almost half (45%) of the nation’s copper supply. And, within the construction industry, building wire alone uses 20% of the total U.S. copper supply.8

Fortunately, the building construction industry already has an alternative to single-metal copper wire: Copper-Clad Aluminum (CCA). CCA building wire uses 1/6 the amount of copper when upsized two AWG sizes compared to copper conductors, as is required by the National Electric Code (NEC) for most electrical circuits. This upsizing allows CCA to provide comparable electrical performance to equivalently rated copper conductors.

Utilizing CCA instead of single-metal copper for building wire applications could have potentially saved the U.S. nearly 700 million pounds of copper in 2022! That’s equivalent to the copper required for 3.8 million EVs, enough solar farm capacity to power 13.3 million homes (77,000 MW), or 175 wind farms (approximately 175,00 wind turbines with 1.5-MW capacity). Using this 2022 potential saving model, CCA building wire would conserve 3.2 billion metric tons (7 billion pounds) of copper resources over the next decade, not even accounting for market growth.9, 10

2) Bimetals Provide Energy Savings

Whether electricity is generated by traditional energy sources or by green technologies, the efficient use of energy impacts power grid infrastructure. The more energy we require, the more electricity we must produce. The more electricity we must produce, the more power grid infrastructure we must build. Therefore, reducing the amount of electricity needed reduces strain on the power grid.

One way to more smartly use energy within a power grid network happens at the building level. CCA conductors are the most electrically efficient of the three building wire conductor materials permitted by the NEC when installed per code. Recent testing verifies that CCA conductors are 2.7% more energy efficient than copper conductors and 7% more efficient than aluminum conductors when installed per the NEC. This translates into significant kilowatt hour (kWh) energy savings in the nation’s power grid.11

In 2022, total U.S. electricity consumption was about 4.05 trillion kWh. Of that, 1.42 trillion kWh (38.9%) went to the residential sector.12 If CCA building wire’s electrical efficiency was applied to residential use alone, it would render 38.3 billion kWh of energy savings for the power grid. That’s enough annual electricity to power approximately 3.5 million homes or a residential population the size of the city of Chicago.13, 14

Efficient energy usage not only reduces strain on the power grid, it translates into dollars-and-cents savings for homeowners.

The average annual electricity consumed by a U.S. household in 2022 was 10,791 kWh (899 kWh per month).15 The resulting average annual U.S. household electric bill was $1,644 ($137 per month).16

Considering this data, if CCA’s electrical efficiencies were applied to 131.2 million U.S. households, the annual electric bill savings would translate to $5.8 billion for the replacement of copper alone.17 Savings projections are amplified once commercial and industrial buildings are included. In these applications, the replacement of aluminum wire with CCA in large circuits represents the potential for substantial energy cost savings.

Conclusion

Solid-copper wire has been the default material for electrical circuits for over a century, so presenting change of any kind is viewed as a threat. But, bimetals don’t threaten the copper industry; they sustain it. Bimetals allow copper to do what it does best. With copper supply deficits threatening decarbonization and green energy goals, finding safe and effective alternatives to copper is critical.

Bimetallic wire reduces the use of copper in many electrical applications, reserving copper for the periphery of the conductor, where electrical connections are made. Using a copper-alternative metal for the core of the wire, conductors can be engineered in numerous ways to provide highly specialized performance. The copper saved in the core of a wire can then be redirected to green technology investments.

From copper conservation to energy savings to enhanced performance, bimetallic ‘Supermetals’ put copper where it counts so that society can put copper where it’s needed most.

Want to learn more about Copperweld’s copper-saving, performance-enhancing bimetallic products? Contact Copperweld Sales today.

Read the full article here.

About Copperweld

Copperweld is the world leader in bimetallic wire and cable specializing in power, grounding, and signal conductors for building construction, power grid, utilities, communications, and transportation. For over 100 years, their mission has been to make the most reliable, sustainable, and innovative wire and cable products on the market. Copperweld’s metallurgical expertise and engineered solutions result in bimetallic products that enhance performance, extend service life, conserve copper, improve energy efficiency, and reduce incentives for theft. Their American-made products are manufactured in the heart of the USA, and the culture of excellence and innovation that inspired them over a century ago still drives them today.

Sources:

https://www.macrotrends.net/1476/copper-prices-historical-chart-datahttps://www.morningstar.co.uk/uk/news/248802/is-copper-entering-a-new-supercycle.aspxhttps://carboncredits.com/copper-and-the-need-to-meet-the-worlds-rewiring-demand-for-energy-transition/https://www.ft.com/content/d281665f-0444-4cd8-b616-5f5ddf2ab8a6https://www.americanbimetallic.org/post/important-differences-between-cca-and-aluminumwww.copperweld.com/blog/engineered-conductorswww.copperweld.com/blog/is-ccs-really-stronger-than-copperhttps://www.statista.com/statistics/254870/use-of-copper-and-copper-alloys-in-the-us-by-purpose/https://www.copper.org/publications/pub_list/pdf/A6191-ElectricVehicles-Factsheet.pdfhttps://www.copper.org/education/c-facts/home/https://www.americanbimetallic.org/post/important-differences-between-cca-and-aluminumhttps://www.eia.gov/energyexplained/electricity/use-of-electricity.phphttps://www.statista.com/statistics/205589/top-20-cities-in-the-us-with-the-highest-resident-population/https://www.census.gov/quickfacts/fact/table/chicagocityillinois,US/PST045222https://www.eia.gov/tools/faqs/faq.phphttps://www.eia.gov/todayinenergy/detail.phphttps://www.statista.com/statistics/183635/number-of-households-in-the-us/

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SOURCE Copperweld

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1st Commercial Credit Introduces Enhanced Tools for Security Guard Companies

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AUSTIN, Texas, Dec. 30, 2024 /PRNewswire/ — 1st Commercial Credit, LLC, a leading provider of receivable based financial solutions, is excited to announce the launch of its new and enhanced tools designed specifically for security guard companies. These advanced software tools aim to streamline operations, improve efficiency, and ensure seamless integration with financial services and payroll companies.

The enhanced features include:

Automated Time Clock Management: Simplify payroll processes with automated timesheets, reducing administrative burden and minimizing errors. The timesheets will be extracted automatically for payroll and invoicing.Staff Scheduling: Efficiently plan and manage team schedules to ensure optimal workforce allocation.Geo-Tracking: Monitor employee locations in real-time to improve accountability and ensure safety.Field Reporting: Enable seamless inter-company reporting from the field, ensuring timely and accurate updates.Invoicing Integration: Connect operational data directly to invoicing systems for faster and more accurate billing. API interface with MyBizPad that creates invoices based on time sheets authorized.Automated Funding Schedule Submissions: Expedite funding processes by automatically submitting schedules for factoring invoices.

Add Automated Time Sheets to Integrated Invoicing.

“We understand the unique challenges security guard companies face in managing their operations while maintaining financial stability,” said Raul Esqueda, President of 1st Commercial Credit, LLC. “These new tools are designed to not only address those challenges but also provide a comprehensive solution that integrates operational management with financial services.”

The enhanced tools are part of 1st Commercial Credit’s commitment to offering tailored solutions that empower businesses to focus on growth while optimizing cash flow and operational efficiency.

For more information about 1st Commercial Credit’s factoring services and the new software tools, please visit Security Guard Financing or contact us at (800) 876-6071.

About 1st Commercial Credit, LLC 1st Commercial Credit, LLC is a leading provider of invoice factoring and financial solutions, specializing in helping businesses across various industries improve cash flow and operational efficiency. With innovative services and customized solutions, 1st Commercial Credit has become a trusted partner for companies looking to grow and thrive.

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SOURCE 1st Commercial Credit, LLC

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Big Updates! HitPaw Edimakor V3.4.0 Released with AI Voice Changer and Updated AI Features

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NEW YORK, Dec. 30, 2024 /PRNewswire/ — HitPaw Edimakor, a powerful video editor known for its AI-driven tools, has released version 3.4.0. This major update introduces a new AI voice changer that allows users to easily modify voice pitch, tone, and apply various effects to add a creative edge to their videos. It also enhances user-friendly features and a range of AI-driven features that redefine the content creation process.

What’s New in HitPaw Edimakor V3.4.0

New AI Voice Changer
Edimakor introduces its exciting new AI Voice Changer, enabling users to effortlessly transform voice tones and explore creative effects. With over 50 popular voice-changing options, including Santa Claus, ET, Mario, Barbie, and Sheldon, you can easily make your voice sound funny, cute, or professional. This feature enhances creativity, making content creation more engaging and offering the freedom to express your ideas in any way you desire.

The AI Voice Changer is versatile and suitable for a range of scenarios, including:

Entertainment Content: Add a fun twist to your videos or audio projects.Teaching Videos: Enhance engagement with customized voice effects.Business Presentations: Achieve a polished, professional tone.Storytelling: Bring characters to life with unique voice transformations.Gaming: Add personality to streams or in-game communication.

Other Enhanced AI features
Edimakor also enhances its popular AI features, enhancing functionality and performance to provide even more powerful tools for seamless video editing and content creation.

AI Subtitle Generator
Introducing word-by-word subtitle styles, support for 40+ languages, including Tamil, Urdu, Malay, and more, along with automatic script-to-subtitle splitting, enhancing subtitle display, global video localization, and production efficiency.

Text-to-Speech
Supporting over 40 languages and more than 300 professional voice tones, makes it exceptionally well-suited for advertisements, video production, and various other scenarios, guaranteeing accurate emotional expression and seamless delivery.

AI Video Generator
By expanding the AI automatic resource matching library, users only need to operate simply to create high-quality works with one click. It not only saves time and energy, but also improves creative efficiency, allowing more people to easily realize their creative dreams.

Pricing & Availability
HitPaw Edimakor V3.4.0 is available with flexible licensing options, and monthly, yearly, and lifetime subscriptions are available with the software. It is also more affordable for budgets of all kinds, thanks to discounts and Christmas offers of up to 30% off.

About HitPaw Edimakor
HitPaw Edimakor V3.4.0 seamlessly blends powerful features with cutting-edge AI innovations, making it easy for professionals and amateurs to edit videos. Whether you’re producing social media content or making professional-grade videos, this update provides a smooth and efficient experience. With more advanced AI tools such as AI Avatar, AI Background Remover, Screen Recorder, and AI Audio Remover, Edimakor elevates your video creation process, making it easy and efficient for users of all skill levels to create high-quality videos.

For more information about HitPaw Edimakor V3.4.0, visit https://edimakor.hitpaw.com/

Follow on social:
X/Twitter: https://twitter.com/HitpawEdimakor
YouTube: https://www.youtube.com/@HitPawEdimakorOfficial
Instagram: https://www.instagram.com/edimakor2024/

This release was issued through Send2Press® on behalf of the news source. For more information, visit Send2Press Newswire at https://www.send2press.com/.

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SOURCE HitPaw. Co., Ltd

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Reimagine the Modern Constituent Experience for SLED Organizations

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ALTA LOMA, Calif., Dec. 30, 2024 /PRNewswire/ — State and Local Government organizations have long been perceived as slow, siloed, and outdated when it comes to constituent experience. Constituents often face long hold times, repetitive questions from different agents, and the hassle of resubmitting the same documents multiple times. Meanwhile, agents may struggle with outdated data processing systems…but what if this didn’t have to be the case? At Global Technology Solutions, Inc (GTS), we’re revolutionizing the way that state and local governments serve their populations—starting with a consultative approach to uncover the best cloud contact center solutions for your organization.

Discover AI-Powered Solutions for SLED

Every State and Local Government organization will have unique needs and challenges in delivering an excellent constituent experience. Whether that’s redirecting FAQs, enabling self-service options with chatbots, or unifying constituent data into one portal, GTS can identify where to improve CX with cutting-edge Artificial Intelligence (AI) and Machine Learning (ML) technology. Organizations will be amazed at how simple and efficient the constituent experience can be with a cloud contact center solution.

How GTS Revolutionizes the Constituent Experience:

Support & Managed Services: GTS guides clients throughout the seamless integration process to cloud contact center solutions and beyond. Organizations that work with GTS will never be left to troubleshoot on their own—they’ll have open access to GTS’s team for technical support and other services.

Professional Services: GTS offers a wide range of on-demand IT services from scalable, flexible cloud solutions to business applications and customer experience. Organizations will be able to rely on the expertise of expert technical assistance, ensuring smooth operations beyond deployment.

OmniSuite: GTS’s OmniSuite tools include chatbots, virtual assistants, omnichannel portals for agents, and more. These artificially intelligent tools are deployed on a trusted partner’s cloud infrastructure, like Amazon Web Services (AWS) or Genesys. Using these AI tools facilitates quicker, more accurate resolutions to inquiries made by constituents.

OmniDARS: The first tool made specifically for SLED clients, OmniDARS is for administrative law judges, hearing officers, and legal administrators who want to reduce clicks and expedite reviewing appeals cases. By enabling remote interactions among claimants, witnesses, and legal representatives, OmniDARS accelerates case resolutions and reduces the need for rescheduled hearings.

Create An Excellent Constituent Experience

Tenants of excellent customer experience like quick response times, self-service options, and cohesive customer data can all be applied to State and Local Government organizations. By implementing a cloud contact center solution, organizations can open pathways to improved agent performance, thereby improving the interactions and exceeding constituents’ expectations. Cloud contact centers cut down wait times and open more avenues of communication, making everyone happier in the process. Embracing a digital transformation helps both the individual and the organization by expediting the process to resolving constituent inquiries. Modernizing your contact center not only reduces frustration for constituents but also enhances agent job satisfaction. Why wouldn’t you want to embrace a digital transformation that personalizes interactions and improves efficiency?

Request a Demo Today

Don’t wait—see these innovative tools in action! Request a demo of our future-ready technology by reaching out to hello@GTSCX.AI. Explore video demonstrations of our contact center solutions and schedule a 1:1 consultation to discuss your organization’s specific needs.

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SOURCE Global Technology Solutions

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