Here are some noteworthy cleantech announcements of the day from around the world:
In a press note, the All-India Solar Industries Association (AISIA), the domestic solar manufacturing association, has asked the government to support the manufacturers with focused measures. The Association has requested “priority sector” status for lending to the manufacturing of solar similar to the development of solar projects and push “green manufacturing” with 100% solar power providing for 30 days banking. They have asked for the removal of duties for three years on equipment required to manufacture solar cells and modules and incentivize exports. In cases where government extends “pass-through” and “grandfathering” of projects, the Association demands equal opportunities for manufacturers.
Tata Power has collaborated with Enviro – the facility management wing of the real estate developer Vatika Group to install 59 EV charging points at its properties across Gurugram, Haryana. The EV chargers will be installed at 18 locations across the properties of Vatika Group in Gurugram. These chargers will be made available as Public Charging Stations and Semi-Public based on the nature of the premises.
Sungrow, the inverter and energy storage system supplier, signed a contract with Afcon, an Israel-based electro-mechanical and green energy solutions provider, to supply the company’s latest liquid-cooled energy storage system solution to a 16 MW/64 MWh project in Israel. The project is integrated with the Dalia Power Station – the country’s largest privately contracted power plant. The energy storage project is expected to be completed in the first quarter of 2023. Sungrow will provide its ST2752UX energy storage system unit and its power conversion system (PCS) SC5000UD-MV, enclosures, and maintenance services on this tranche of the project.
LanzaTech NZ, an innovative Carbon Capture and Transformation (CCT) company, and AMCI Acquisition Corp. II, a publicly traded special purpose acquisition company (SPAC), announced that they have agreed to merge through a business combination transaction. Upon closing the transaction, the combined company will be renamed LanzaTech Global, Inc. Its common stock is expected to be listed on Nasdaq under the ticker symbol “LNZA.” LanzaTech is expected to be the first CCT company to access the public capital markets. Evercore Group serves as an exclusive financial advisor to AMCI and Barclays Capital as an exclusive financial advisor and capital markets advisor to LanzaTech.
Quantron AG, a Germany-based e-mobility company, recorded sales of €10 million in 2021, increasing around 500% compared to the 2020 figures. Quantron AG is a system provider of clean battery-electric and hydrogen-electric e-mobility for commercial vehicles such as trucks, buses, and vans. Among other things, the company focuses on converting used and existing vehicles to zero-emission powertrains. In 2021, Quantron delivered 30 zero-emission vehicles to IKEA.
Enel, a European utility company, signed a memorandum of understanding (MoU) with Santander, an investment banking firm, promoting collaboration between the two groups to supply and finance solar facilities, lithium batteries, and energy efficiency solutions for households, SMEs, and corporations. Under the MoU, Enel, through Enel X Global Retail, the Group’s advanced energy services business line, will design customized turnkey solutions for clients. At the same time, Santander will provide them with tailored financing. The two groups will help accelerate the energy transition of clients towards more sustainable models by supporting them in the optimization of their energy consumption.
Satish Shetty is a Copy Editor with Mercom India. Prior to Mercom, Satish was a multimedia news producer at Reuters, where he gained experience in digital news media. Satish has his Bachelor of Arts (B.A.) degree in Broadcast Journalism from Limkokwing University of Creative Technology, Malaysia.
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