Here are some noteworthy cleantech announcements of the day from around the world:
Uber has committed to becoming a fully zero-emission platform by 2040, with all of its rides in zero-emission vehicles, on public transit, or with micro-mobility. The company also set an objective to have all of the rides take place in electric cars in the United States, Canada, and other European cities by 2030. The personal mobility service provider also has an aim to reach net-zero carbon emission from its corporate operations by 2030. The company also committed $800 million to help thousands of drivers shift to EVs by 2025.
SunPower Corporation, a U.S.-based energy company, has announced that it has launched a new low-annual percentage rate loan for residential solar consumers of the United States. The new rates, which could be as low as 0.99% APR are expected to result in lower monthly payments for homeowners purchasing SunPower’s solar energy solutions. The company said that the interest of residential consumers in home energy systems had increased due to the COVID-19 pandemic as well as frequent blackouts and utility rate fluctuations. In the first nine weeks of Q3 2020, the energy company witnessed an over 50% rise in customer- requested sales consultations compared to the same period in 2019.
Flanders’ first floating solar project has been inaugurated at Sibelco’s Schansheide sand quarry in Belgium. The project has 17,250 solar panels, and it will produce 7 GW of clean energy annually. The floating solar project is expected to satisfy 55% of the electricity needs of the operations at Dessel. Sibelco will utilize the generated power at its local operation to produce silica sand. Sibelco started the development of the project in partnership with the Limburg Investment Company LRM, Luminus, and Group Machiels in 2017.
Eos Energy Storage, a battery energy storage manufacturer, has entered into a definitive merger agreement with B.Riley Principal Merger Corp. II for a business combination that would result in Eos become a public listed company. The combined company will be renamed as Eos Energy Enterprise upon the closing of the transaction. It plans to list its common stock shares on the Nasdaq stock market. The company said that the pro forma enterprise value of the combined company is around $550 million. The proposed transaction is expected to complete in the fourth quarter of 2020.
Mahindra Electric Mobility Limited has launched a global electrification solution for light electric vehicles. The company’s Mahindra Electric Scalable Modular Architecture (MESMA) 48 platform. MESMA 48 is India’s first electric architecture that offers a voltage system ranging from 44V to 96V. The platform can electrify a range of vehicles, including three-wheelers, quadricycles, and compact cars.
Here is our previous daily news wrap-up.
Harsh is a staff reporter at Mercom India. Previously with Indian Express, he has covered general interest stories. He holds a Masters Degree in Journalism from Symbiosis Institute of Media and Communication, Pune.