Daily News Wrap-Up: Hero Future Energies, Ohmium to Set Up 1 GW Green Hydrogen Facilities
Omega Seiki Mobility and Jae Sung Tech to manufacture e-powertrains in India
January 7, 2022
Here are some noteworthy cleantech announcements of the day from around the world:
The renewable energy venture of the Hero Group, Hero Future Energies (HFE), has partnered with U.S. electrolyzer maker Ohmium International to install 1 GW of green hydrogen production sites in India, the UK, and Europe. According to the arrangement, Ohmium will handle the facilities’ design, construction, operations, and maintenance, while HFE will be the owner of the assets. HFE will also participate in constructing and operating the plants as a build-operate-own partner. India’s National Hydrogen Mission firmly positions the country as a global leader in the large-scale production and export of green hydrogen. India’s demand for hydrogen is estimated to increase five-fold and reach nearly 28 metric tons per annum by 2050.
Electric vehicle maker Omega Seiki Mobility (OSM) will collaborate with Korean EV powertrain maker Jae Sung Tech to manufacture electric powertrains in India. The two companies will form a joint venture – OSM Jae Sung Tech- with Jae Sung bringing in its technology and OSM providing its manufacturing expertise to localize the powertrain. The JV will roll out its first product Ra314, for OSM’s cargo e-three-wheeler Rage+ in the first quarter of the fiscal year 2022. OSM will manufacture the new Ra314 at its facility in Faridabad. It will also test and calibrate the Ra314 for typical Indian driving conditions. The modular architecture will allow the company to develop the Ra314 for small four-wheeler commercial vehicles.
The Industrial Promotion & Investment Corporation of Odisha (IPICOL) and Gas Authority of India Limited inked a memorandum of understanding to produce eco-friendly fuels. The two entities will work together in the areas of green hydrogen, green ammonia, and renewable energy as sources of green fuel. Green hydrogen would help the industry cut aggregate emissions of greenhouse gases. These upcoming plants will help heavy industries in the state to supplement their growing power requirements.
Lithium-ion battery recycling and engineered materials company Battery Resourcers is opening a commercial-scale lithium-ion battery recycling facility in Georgia. The 154,000 square-foot facility, which is expected to be fully operational by August 2022, will process 30,000 metric tons of discarded lithium-ion batteries and scrap per year. The scrap will then be returned as battery-grade lithium, cobalt, and nickel back into the battery supply chain. Battery Resourcers is investing $43 million in the facility and will bring at least 150 jobs to the community. The site is strategically located near several EV manufacturing hubs and lithium-ion gigafactories.