PFCL Floats Empanelment Tender for Metering Infrastructure Service Providers

Solarium Green Energy Receives BSE Nod for Initial Public Offering

Power Transmission Company Kalpataru Projects Raises ₹10 Billion in QIP

Himachal Regulator Approves Tariff for 900 MW Hybrid Power Projects

Daily News Wrap-Up: HPERC Allows DISCOM To Procure 550 MW Solar Power

MES Invites Bids for Maintenance of 1.7 MW Solar Project

Exploring Solar Open Access Potential in Odisha and Haryana

Karnataka Floats EPC Tender for 1.2 MW Solar Project

Himachal Regulator Allows DISCOM to Procure 550 MW Solar Power from SECI

Agri-Solar Solutions Provider GK Energy Files Papers for ₹5.01 Billion IPO


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2023/06/amazon_polly_55479.mp3?version=1687254012">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>China-based battery manufacturing and technology company Contemporary Amperex Technology (<a href="https://www.catl.com/en/" target="_blank" rel="noopener">CATL</a>) has pledged an investment of $1.4 billion to build two lithium production plants that will utilize Direct Extraction of Lithium technology and will be located in the salt flats of Uyuni, Potosí, and Coipasa, in the city of Oruro in Bolivia.</p>
<p>The project&#8217;s initial phase aims to achieve an annual lithium production of approximately 200,000 tons.</p>
<p>CATL is considering the possibility of increasing investments to optimize production and operate more efficiently by 2025. The investment is expected to rise from $1.4 billion to $9.92 billion.</p>
<p>The announcement was made by the Minister of Hydrocarbons and Energies, Franklin Molina Ortiz, who highlighted the significance of this investment in the energy sector and positioning Bolivia as a sovereign player in the lithium industry.</p>
<p>Minister Molina said, &#8220;This investment marks a milestone in the energy history of our country and consolidates Bolivia as a benchmark in the industrialization of lithium. Additionally, it is a step towards energy transition with sovereignty.&#8221;</p>
<p>In January this year, the Bolivian State, represented by Yacimientos del Litio Bolivianos (YLB), signed an agreement with CATL BRUNP &amp; CMOC (CBC) under the sovereign investment model, solidifying their partnership and paving the way for future collaboration.</p>
<p>The company said its current global market share is approximately 37%, and its clients include major electromobility players, such as Porsche, Tesla, Mercedes Benz, and Ford.</p>
<p>Recognizing the tourist potential of the Uyuni salt flats, the company plans to employ engineering strategies that minimize the project&#8217;s visual impact and prioritizes environmental conservation.</p>
<p>The engineering design would be mindful of the landscape, ensuring that it does not compromise or affect the landscape of the Uyuni salt flats, the company said in its statement.</p>
<p>In October last year, CATL <a href="https://www.mercomindia.com/primergy-solar-catl-for-1-2-billion-solar-project-in-us" target="_blank" rel="noopener">entered</a> a sole battery supply agreement with Primergy Solar, a U.S.-based utility-scale and distributed solar and storage company, to develop a 690 MW solar and 1,416 MWh storage project called Gemini in Nevada in the United States.</p>
<p>Later in December, CATL and Gresham House Energy Storage Holdings <a href="https://www.mercomindia.com/daily-news-wrap-up-gwh-battery-storage-system-to-gresham-house" target="_blank" rel="noopener">entered</a> into a long-term agreement for supplying up to 7.5 GWh of battery energy storage systems. Both parties will endeavor to increase the scope to 10 GWh of BESS for utility-scale energy storage.</p>
<p>&nbsp;</p>


CATL Commits $1.4 Billion to Develop Lithium Production Plants in Bolivia


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="http://mercomindia.com/wp-content/uploads/2022/12/amazon_polly_46612.mp3?version=1671777279">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>Here are some noteworthy cleantech announcements of the day from around the world:</p>
<p><strong>Contemporary Amperex Technology (CATL) and Gresham House Energy Storage Holdings </strong><a href="https://www.catl.com/en/news/1047.html" target="_blank" rel="noopener"><strong>entered</strong></a><strong> into a long-term agreement for supplying up to 7.5 GWh of battery energy storage systems</strong> (BESS). Both parties will endeavor to increase the scope to 10 GWh of BESS for utility-scale energy storage. CATL and Gresham House have formed a long-term strategic partnership to accelerate the deployment of energy storage systems for the deployment of renewables on a larger scale and to achieve global carbon neutrality targets.</p>
<p><strong>The Asian Development Bank (ADB) has <a href="https://www.adb.org/news/adb-bim-wind-sign-107-million-financing-package-support-wind-energy-viet-nam" target="_blank" rel="noopener">signed</a> a $107 million financing project with BIM Wind to support the operation of an 88 MW wind farm in Vietnam, which will offset 215,000 tons of CO2 annually</strong> and help Vietnam reach its clean energy and climate action targets. The ADB funds the project from various sources, including Japan International Cooperation Agency, Hong Kong Mortgage Corporation, Sumitomo Mitsui Banking Corporation, ING Bank, and Cathay United Bank. The Federated States of Micronesia (FSM) will <a href="https://www.adb.org/news/adb-approves-5-million-grant-develop-clean-energy-projects-fsm" target="_blank" rel="noopener">receive</a> a grant of $5 million from ADB to support the development of clean energy projects, such as solar and hydro, in the country. The grant will help assess, plan, and build capacity for energy efficiency and clean energy projects. The FSM government will also contribute $500,000 in in-kind support for the initiative.</p>
<p><strong>Electricité de Guinée (</strong><a href="https://edg.com.gn/" target="_blank" rel="noopener"><strong>EDG</strong></a><strong>) and Swiss renewable energy developer </strong><a href="https://terra-sola.com/fr/" target="_blank" rel="noopener"><strong>Terra Sola Group</strong></a><strong> have signed an agreement to invest $500 million in a program to accelerate Guinea&#8217;s electrification</strong>, particularly in rural areas. Terra Sola has formed a consortium to implement a large-scale integrated solar energy program, including solar power plants, energy storage and distribution systems, and a human resources development center to train EDG employees. The project is expected to be completed within nine months, with the construction of the first power project set to begin in the last quarter of 2023.</p>
<p><strong>Flipkart, an India-based e-commerce company, has <a href="https://storiesflistgv2.blob.core.windows.net/stories/2022/12/63a2a87c3345d-63a2a87c3345fFinal-Flipkart-joins-RE100-2022.docx.pdf.pdf" target="_blank" rel="noopener">committed</a> to sourcing 100% of its energy requirements from renewable energy sources for its entire operations by 2030.</strong> The company has taken Climate group’s RE100 commitment and aligned the move with its net zero commitments of reducing the Scop 1 and 2 climate change impacts by 2030. According to the company, 14% of its electricity requirements are already met by renewable sources against the baseline consumption of the calendar year 2021.</p>
<p><strong>Energy Dome, a battery storage company, was <a href="https://www.businesswire.com/news/home/20221221005552/en/" target="_blank" rel="noopener">awarded</a> €17.5 million in funding from the European Innovation Council (EIC), the largest amount made available by the program.</strong> The company pioneered the CO2 battery, a disruptive long-duration energy storage solution at a competitive cost and using readily available, off-the-shelf components. Energy Dome was selected through a highly competitive process from more than 1000 companies that submitted a complete application.</p>


Daily News Wrap-Up: CATL to Supply 7.5 GWh Battery Storage System to Gresham House


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="http://mercomindia.com/wp-content/uploads/2022/10/amazon_polly_43364.mp3?version=1666327317">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p><a href="https://primergysolar.com/" target="_blank" rel="noopener">Primergy Solar</a>, a U.S.-based utility-scale and distributed solar and storage company has entered a sole battery supply agreement with Contemporary Amperex Technology Limited (<a href="https://www.catl.com/en/" target="_blank" rel="noopener">CATL</a>) to develop a 690 MW solar and 1,416 MWh storage project called Gemini in Nevada in the United States.</p>
<p>Gemini will be one of the largest operational solar and storage projects in the U.S, worth a total of $1.2 billion.</p>
<p>Primergy, which has portfolios of over 8 GW of solar and battery energy storage projects in development, construction, and operations over 17 different states in the U.S., has completed a comprehensive procurement process and selected several globally leading equipment suppliers and construction partners for the Gemini project.</p>
<p>The company said it has designed an innovative direct coupling system for the project, aiming to maximize efficiency by teaming up with CATL’s storage system.</p>
<p>CATL will supply Primergy with EnerOne, a modular outdoor liquid cooling energy storage system with long service life, high integration, and a high degree of safety. EnerOne solutions utilize advanced lithium phosphate chemistry and hence have been selected for Gemini by Primergy for it meets the company’s requirements for safe and reliable operations at its sites.</p>
<p>With a cycle life of up to 10,000 cycles, the LFP (lithium ferro-phosphate) based battery product is expected to contribute to the safe and reliable operation of the Gemini project.</p>
<p>&#8220;CATL is a technology leader in the battery industry, and we are pleased to partner with them on the Gemini Project and showcase CATL&#8217;s advanced EnerOne storage solution,&#8221; said Ty Daul, Chief Executive Officer of Primergy Solar.</p>
<p>&#8220;The future of our country&#8217;s energy reliability and resiliency relies on the mass deployment of battery storage capacity that can supply consistent power back into the grid when it&#8217;s needed most,&#8221; he added.</p>
<p>According to a <a href="https://mercomindia.com/global-lithium-ion-battery-capacity-to-increase-five-fold/" target="_blank" rel="noopener">report</a> published by Wood Mackenzie, CATL led the expansion outlook, amongst the Chinese battery manufacturers, with an operating and planned capacity of 800 GWh by 2030.</p>
<p>APG, a Netherlands-based pension asset manager, <a href="https://mercomindia.com/project-finance-brief-apg-acquires-49-stake-in-gemini-solar-storage-project/">agreed</a> to acquire 49% equity ownership in the Gemini project from Quinbrook Infrastructure Partners, an investment manager focused exclusively on the new infrastructure needed for the energy transition, and its portfolio company Primergy.</p>


Primergy Solar Partners with CATL for $1.2 Billion Solar+ Storage Project in the US

catl

Get the most relevant India solar and clean energy news.

RECENT POSTS