Here are some noteworthy cleantech announcements of the day from around the world:
Coca-Cola Amatil announced it has joined the global RE100 renewable energy initiative and committed to power its entire operations, spanning six countries, with 100% renewable electricity by 2030 (by 2025 in Australia and New Zealand). RE100 is led by The Climate Group in partnership with CDP and brings together more than 290 leading companies around the world that are committed to sourcing 100% renewable electricity.
Electric mobility innovator, REE Automotive (REE), announced a strategic collaboration agreement with Magna International, a mobility technology company, to bring to market innovative, full-fledged Modular Electric Vehicles (MEVs) for tech companies and new electric mobility players under the ‘Powered by REE’ brand. The strategic collaboration will explore the combination of REE’s ground-breaking REEcornerTM technology with Magna’s vehicle systems integration expertise and world-class manufacturing capabilities to develop MEVs that enable commercial customers to customize vehicles based on their specifications and branding while accelerating time to market.
Eos Energy Enterprises, a provider of zinc-based energy storage systems, announced it booked orders from key customers, including Hecate Energy, Azure Power, and ZGlobal Inc., to meet increased demand for energy storage in critical markets such as Texas, California, and India. The Hecate project in Texas is the first booked order as part of the broad-ranging agreement to provide over 1 GWh of energy storage projects to Hecate Energy, which Eos announced in November 2020.
A planning application to deliver the U.K.’s largest electrolyzer has been submitted by ScottishPower. The 20MW electrolyzer will be the key component of a green hydrogen facility located close to ScottishPower’s Whitelee windfarm. The planning application also includes proposals for a combined solar, up to 40 MW, and battery energy storage scheme, up to 50 MW, to help power the electrolyzer.
Adani Solar Energy Chitrakoot One, a subsidiary of Adani Green Energy (AGEL), commissions a 50 MW Solar Power Plant in Chitrakoot, Uttar Pradesh. The plant has a 25-year power purchase agreement with the Uttar Pradesh Power Corporation Limited at ₹3.07 (~$0.041)/kwh. This commissioning takes AGEL’s total operational renewable capacity to 3,520 MW, a step closer to its vision of 25 GW capacity by 2025.
Ingka Investments, the investment arm of Ingka Group, the largest IKEA retailer, will accelerate its investments in renewable energy by acquiring a 49% stake in eight solar PV parks in South-West Russia. The total book asset value for the eight parks is over RUB 21 billion (€235 million). The transaction marks the first large-scale foreign investment into renewable energy in Russia by a non-utility company.
Rahul is a staff reporter at Mercom India. Before entering the world of renewables, Rahul was head of the Gujarat bureau for The Quint. He has also worked for DNA Ahmedabad and Ahmedabad Mirror. Hailing from a banking and finance background, Rahul has also worked for JP Morgan Chase and State Bank of India. More articles from Rahul Nair.