Here are some noteworthy cleantech announcements of the day from around the world:
SP Group, Singapore-based electricity and gas distribution company, signed an agreement with the Sino-Singapore Guangzhou Knowledge City Investment and Development Company Limited (GKC Co) to establish a joint venture. The joint venture will develop district cooling, heating, and integrated energy solutions that will help the China-Singapore Guangzhou Knowledge City to achieve energy savings. According to the agreement, both companies will also focus on integrating sustainable energy solutions such as distributed energy, energy storage, energy efficiency, and energy management system.
Gulf Cooperation Council Interconnection Authority (GCCIA) has awarded a three-year contract to Hitachi ABB Power Grids for its newly launched RelCare solution. According to the agreement, GCCIA will use the RelCare solution to remotely monitor the maintenance of all their substations across the six Gulf countries. It is likely to improve the corporation’s operational performance and enhance the reliability of its network system. GCCIA will utilize Hitachi ABB Power Grid’s technology to enhance the operational efficiency of its 400 kV network, running over 1200 kilometers with a maximum interconnection power of 1.2 GW.
The European Bank for Reconstruction and Development (EBRD) announced that it would provide a financing package of $100 million to Ukraine’s food retailer Novus Group for the development of Ukraine’s first green distribution center in Kyiv and other new stores across the country. Up to $ 35 million of the amount will be syndicated to commercial banks. The financing package would be used for the construction or refurbishment of more than 30 new Novus stores by the end of 2022. Japan and the European Union have provided the grant funding for the project through the EBRD Finance and Technology Transfer Centre for Climate Change.
Australia is developing a 15 GW project that will generate hydrogen for export. As part of the project, a 5 GW renewable hydrogen export operation is being developed in Western Australia in the town of Kalbarri. The $20 billion project could become the world’s largest wind-solar hybrid with the vast amounts of renewable energy generated used to produce hydrogen for export. Considering the challenges of transporting hydrogen, the first phase of the Kalbarri project looks to blend the hydrogen with natural gas to lower its carbon footprint.
Here is our previous daily news wrap-up.
Harsh is a staff reporter at Mercom India. Previously with Indian Express, he has covered general interest stories. He holds a Masters Degree in Journalism from Symbiosis Institute of Media and Communication, Pune.