Daily News Wrap-Up: Delhi International Airport to Become Net-Zero by 2030

TVS to invest ₹12 billion in future technologies and electric vehicles sector in Tamil Nadu

November 25, 2021

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

Delhi’s Indira Gandhi International Airport (IGIA) is set to become a net-zero carbon emissions airport by 2030. IGIA has adopted technologically advanced measures such as electric vehicles and Taxibots. Taxibot is a semi-robotic vehicle used as a means of taxiing the plane to the runway. Taxibots have resulted in a significant reduction in aviation turbine fuel consumption by aircraft for ground movement. IGIA is a level 4+ (Transition) accredited airport under Airports Council International’s (ACIs) Airport Carbon Accreditation program last year.

Automaker TVS Motor Company has signed a memorandum of understanding with the Government of Tamil Nadu to invest ₹12 billion (~$161.32 million) in future technologies and electric vehicles (EV). The investment will be spread over four years and used to design, develop, and manufacture new products and expand capacity in the EV space. TVS had infused ₹300 million (~$4.08 million) in Bangalore-based EV startup Ultraviolette Automotive’s Series B funding round to increase its total stake to 29.48%.

Automotive component manufacturing company Minda Corporation has agreed to acquire a 19.94% stake in FP West Solar Private Limited for ₹21.5 million (~$289,019). The company will acquire 11,21,667 equity shares at an issue price of ₹19.2 (~$0.26) per share with a face value of ₹10 (~$0.13) each. FP West Solar is engaged in solar power generation. This investment is for purchasing power as a captive user for manufacturing units in Maharashtra. The acquisition is expected to be completed within 60 days.

Singapore-based clean energy solutions provider Sunseap Group will provide clean energy for the new Hyundai Motor Group Innovation Centre in Singapore (HMGICS). HMGICS will house Hyundai’s EV manufacturing facility in Singapore. Sunseap has signed a 20-year power purchase agreement to provide solar energy to the seven-story building. The solar company estimates that the rooftop solar system will generate 1.76 GWh of power per year, offsetting 1,247 tons of carbon emissions. Sunseap expects to complete the installation by July 2022. The Hyundai facility will research and develop future mobility technologies and produce up to 30,000 vehicles per year by 2025.

Energy storage solutions provider VFlowTech has announced that it will be part of a tripartite project with Seoul National University of Science and Technology and Korean-based CompanyWE Inc to install self-reliant green EV charging infrastructure at existing gas stations in South Korea. VFlowTech will deploy its 500 kWh vanadium redox-flow energy storage system for renewable energy. The storage system for the electric car fast-charging infrastructure will use VFlowTech’s 150kW modular PowerCube batteries installed in a pilot implementation to meet the electrification needs of South Korea’s rapidly expanding EV market.

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