Daily News Wrap-Up_ Oberoi Group inks MoU with EESL to cut Carbon Footprint

Here are some noteworthy cleantech announcements of the day from around the world:

The Oberoi Group signed a memorandum of understanding (MoU) with Energy Efficiency Services Limited (EESL) to further its sustainability initiatives. Through the move, the company aims to reduce its overall carbon footprint. EESL, through its Building Energy Efficiency Program, will assist the Oberoi Group in implementing several well-established energy-efficient initiatives, including clean energy systems across its properties. Under the partnership, EESL, through its nationwide network, will collaborate with all Oberoi Group hotels to evaluate opportunities for saving energy and lowering emissions.

French startup Sweetch Energy has raised €5.2 million (~$6.19 million) to initiate its industrialization phase and develop its breakthrough osmotic energy technology. The investment round was supported by a group of deeptech and cleantech investors with a strong track record in backing highly disruptive industrial companies. It was led by new investor Future Positive Capital and co-led by existing investors Demeter and Go Capital. Other investors such as Dominique Gaillard and Fabio Ferrari also participated. ADEME, the French environmental and energy management agency, provided additional funding.

Jaguar Land Rover’s venture capital and mobility arm, InMotion Ventures, has invested in Battery Resourcers, a lithium ion battery recycling and materials company. The investment will fund Battery Resourcers’ development of a commercial-scale processing facility, with the capability to process 10,000 tonnes of batteries annually. The funding will also help the Worcester-based company in expanding production and analysis facilities in Michigan, U.S. The investment in Battery Resourcers plays part of the plan for Jaguar Land Rover to establish sustainable solutions for end-of-life batteries, minimizing waste and creating a circular economy across the battery supply chain.

Australia-based Origin Energy has signed a pact with Northern Australia’s biggest general cargo port – the Port of Townsville – for a green hydrogen export project. The MoU will allow potential expansion of the port as well as the development of a liquefaction facility, new berth, and associated infrastructure. Origin is collaborating with Japan’s Kawasaki Heavy Industries Ltd (KHI) on a 300 MW early export project that would produce 36,500 tonnes per annum of green liquid hydrogen using renewable energy and sustainable water. The first export from the project is targeted from the mid-2020s.

Catalyze, a firm that transforms commercial real estate into sustainable assets with renewable energy solutions, has acquired solar developer and installer PermaCity. The deal represents a major strategic transaction in Catalyze’s market consolidation strategy. With a commitment to deliver projects with more than 400 MW capacity within the next few years, Los Angeles-based PermaCity expands Catalyze’s project pipeline to over 2 GW and establishes a stronghold in the large California distributed solar market. In addition, PermaCity will now be able to provide battery storage solutions in partnership with Catalyze for their existing and future customers.

Ocergy has secured investments from Moreld Ocean Wind (MOW) and Chevron Technology Ventures (CTV). The Series A round will fund Ocergy’s growth and the commercialization of its sustainable offshore solutions, the OCG-Wind Floating Offshore Wind Turbine technology, and OCG-Data environmental monitoring buoy. In addition to funding, Moreld also announced the formation of MOW, a company focused on the delivery of engineering, procurement, construction, and installation contracts in the floating offshore wind Industry.

Brighton-based EVC has pledged to install 100,000 accessible electric vehicle (EV) charging points across the U.K. by 2026. Quoting a recent study that states the U.K. would need around 400,000 public charging points by the turn of the decade, the company said it is committed to responding to the increasing demands. To encourage the uptake of EV charge points, EVC specializes in residential and commercial charging solutions, providing clients with free EV charging infrastructure to futureproof their car parks while offering competitive pricing tariffs. EVC is supported by the renewable energy investment group Oasthouse Ventures and has partnered with some of the biggest names across the renewable energy industry to deliver the products and services.