The Metals Company, an explorer of the world’s largest estimated undeveloped source of critical battery metals, announced that its subsidiary NORI and offshore partner Allseas have successfully concluded the first integrated system test in the Clarion Clipperton Zone of the Pacific Ocean since the 1970s, achieving all significant pilot milestones while collecting approximately 4,500 tonnes of seafloor polymetallic nodules. Over 3,000 tonnes were transported up a 4.3km-long riser system to the surface production vessel, Hidden Gem, while the additional 1,500 tonnes of nodules were purposely left behind on the seafloor as part of the trials.

As the world reduces its reliance on fossil fuels, the surge in new green energy sources has begun. Renewable energy projects are expanding at a pace, accounting for 26% of world electricity today, and reaching 30% by 2024 (source: IEA).