ACN Newswire

Gotion High-Tech intends to invest in a production base in Europe with an annual production capacity of 18GWh

aseanpr
6 minutes

- The Gottingen base of Gotion High-Tech Co Ltd. ("Gotion High-tech") is expected to reach the goal of annual production capacity of 6GWh and 12GWh in two phases respectively, thereby enabling the production of Gotion's battery in Europe. - GenDome, the first portable energy storage brand for overseas markets, was launched at the Gottingen base, and it is intended to be produced locally in Gottingen. HONG KONG, June 28, 2022 - (ACN Newswire) - On 27 June, Gotion High-Tech held the 5th New Energy Economic Forum and the Opening Ceremony of Gotion Germany at its Gottingen base. It is noted that the Gottingen base, as the first battery production and business operation base of Gotion in Europe, is expected to start the transformation by the end of this year. Chairman Li Zhen said that Gotion perfectly combined China's advanced battery technology with Germany's advanced process engineering, thereby enabling the production of Gotion's battery in Europe . At the ceremony, Gotion High-Tech also released GenDome, its first portable energy storage product for overseas markets and Gendock 3000, its first portable mobile energy storage product at the same time. Wu Ken, the Ambassador Extraordi...

ACN Newswire

Argentine President Fernandez meets with Gotion High-tech chairman Li Zhen

indie
3 minutes

HONG KONG, Jun 28, 2022 - (ACN Newswire via SEAPRWire.com) - On the afternoon of June 24, Argentine Time, Argentine President Alberto Fernandez met with Li Zhen, chairman of Gotion High-tech, and his delegation at the presidential residence in Olivos, he explicitly supported Chinese investment in Argentina, and praised Gotion High-tech's multiple industrial investments will promote the development of Argentina's new energy industry. The two sides also had friendly exchanges on the "Targets of Carbon Peak and Carbon Neutralization" strategy, the new energy vehicle industry, the Sustainable Transportation Act and the joint venture between Gotion High-tech and Corven, a well-known American auto parts manufacturer, to establish electric bus batteries and other topics.Alberto Fernandez:The friendship between China and Argentina goes back to ancient times. I attended the Beijing Winter Olympics this year and witnessed the unique Chinese winter Olympics moment. Not long ago, I also participated in the online communication of the BRICS Summit. China's "One Belt, One Road" strategy and "Targets of Carbon Peak and Carbon Neutralization" strategy have encouraged many Chinese enterprises to in...

ACN Newswire

Argentine President Fernandez meet with Gotion High-tech chairman Li Zhen

indie
3 minutes

HONG KONG, Jun 28, 2022 - (ACN Newswire via SEAPRWire.com) - On the afternoon of June 24, Argentine Time, Argentine President Alberto Fernandez met with Li Zhen, chairman of Gotion High-tech, and his delegation at the presidential residence in Olivos, he explicitly supported Chinese investment in Argentina, and praised Gotion High-tech's multiple industrial investments will promote the development of Argentina's new energy industry. The two sides also had friendly exchanges on the "Targets of Carbon Peak and Carbon Neutralization" strategy, the new energy vehicle industry, the Sustainable Transportation Act and the joint venture between Gotion High-tech and Corven, a well-known American auto parts manufacturer, to establish electric bus batteries and other topics.Alberto Fernandez:The friendship between China and Argentina goes back to ancient times. I attended the Beijing Winter Olympics this year and witnessed the unique Chinese winter Olympics moment. Not long ago, I also participated in the online communication of the BRICS Summit. China's "One Belt, One Road" strategy and "Targets of Carbon Peak and Carbon Neutralization" strategy have encouraged many Chinese enterprises to in...

JCN Newswire
Read More

Murata and Mitsubishi Agree on a Cooperative Framework for Working Toward a Carbon-Neutral Society

ruth
5 minutes

TOKYO, Jun 24, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Corporation and Murata Manufacturing Co., Ltd. have agreed on a cooperative framework for working toward a carbon-neutral society.Virtual PPA Overview This framework is being developed with the aim of achieving carbon neutrality at the global level, while introducing renewable energy at the company level to achieve a sustainable society. On the road to decarbonization, it is important to combine initiatives achievable in the short term (such as constructing more renewable energy generation facilities) with more long-term goals (such as developing technologies that utilize hydrogen), to maintain a continuous, stable supply of renewable energy from diverse energy sources. To this end, companies with strengths in different areas must work together to pave the way for the next generation of energy: promoting efforts toward practical adoption, starting with real-world testing. Cooperation details (four areas)- Procurement of electricity from renewable energy sources by Murata- Production and use of hydrogen at Murata's plants in Japan- Working together with local communities via the creation of autonomous, decentralized...

ACN Newswire
Read More

B20 task force highlights recommendations to support net zero-carbon

indie
4 minutes

JAKARTA, Jun 23, 2022 - (ACN Newswire via SEAPRWire.com) - The B20 Energy, Sustainability & Climate Task Force, led by state-owned oil giant Pertamina Group, put forth three recommendations to support realization of the target of net-zero carbon emissions.The B20 Energy, Sustainability & Climate (ESC) Task Force held entitled the third Task Force Call Meeting on Thursday, April 19 (ANTARA/HO-Pertamina)"Climate change sustainability is something that we must strive for in the future. For this reason, the B20 Energy, Sustainability, and Climate Task Force has compiled policy recommendations that focus on three recommendations, with 12 policy actions that call for global cooperation," Deputy Chair of B20 Energy, Sustainability, and Climate Task Force Agung Wicaksono said in a statement obtained here on Thursday.He delivered the statement during the hybrid dialogue forum of Energy Transition in Growth Markets on Tuesday (June 21).This forum is one of the events conducted by the Task Force Energy, Sustainability & Climate (ESC) and the Task Force Future of Work and Education in collaboration with the Accenture International Utilities and Energy Conference held on June 21-23,...

ACN Newswire
Read More

CT Event Asia to host The 2nd Annual Clean Power & New Energy 2022

indie
2 minutes

KUALA LUMPUR, June 21, 2022 - (ACN Newswire via SEAPRWire.com) - This year, CT Event Asia is all set to bring you the 2nd Annual Clean Power & New Energy 2022, themed "Shaping the Future of Energy in Asia". Happening at the Mandarin Oriental Hotel on 20th-21st July 2022, this conference is the most efficient and targeted event for utility scale renewable companies. Bringing these industries together will create more value for participants by enhancing opportunities to network, broadening the scope of education and providing access to an exclusive audience.Incorporating all renewable technologies will be more convenient and cost-effective for multi-tech businesses as well as companies specializing in wind, utility solar, artificial intelligence in the Energy sector, Green hydrogen energy, Bioenergy, Internet of energy and Engineering in renewable who will benefit from an efficient business development forum that attracts decision makers from large-scale developers, corporate buyers and utilities.Attracting 500+ senior representatives from across the leading utility leaders, Government bodies, Renewable Energy companies, Engineering Procurement, Construction and Management, Econo...

ACN Newswire
Read More

BayWa r.e. Expands and Strengthens Renewable Energy Business with Wind Projects Representative Office Opening in Lang Son Province in Vietnam

indie
6 minutes

HO CHI MINH CITY, VIETNAM, Jun 21, 2022 - (ACN Newswire via SEAPRWire.com) - Global renewable energy developer, service provider and distributor, BayWa r.e., today announced the opening of its Wind Projects Representative office in Lang Son Province, Vietnam. The opening of the Wind Projects Representative office will strengthen BayWa r.e.'s position as a key renewable energy developer in Vietnam and enable the company to provide a wider range of wind energy services in the country.Mr. Brian Barry (Head of Wind Asia, BayWa r.e.), Mr. Nguyen Dinh Dai (Director of DOIT), Mr. Daniel Gaefke (APAC Director, BayWa r.e.), Mr. Daniel Emunds (German Embassy representative, Economic Affairs and Development Cooperation)Loi Dang Van (Wind Project Developer, BayWa r.e.), Mr. Brian Barry (Head of Wind Asia, BayWa r.e.), Mr. Daniel Gaefke (APAC Director, BayWa r.e.), Stephanie Tan (Project Manager, Wind Project Development, BayWa r.e.), Nam Le (Senior Wind Project Developer, BayWa r.e.)The opening ceremony of the office was officiated by local government officials, which included leaders of the province's People Committee, relevant departments of Industry and Commerce, Planning and Investment, Na...

ACN Newswire
Read More

Legend Capital Increases Carbon Neutrality Investments: Portfolio Company Talent New Energy Completes A++ Financing Round with Several Hundred Million RMB

indie
4 minutes

HONG KONG, Jun 16, 2022 - (ACN Newswire via SEAPRWire.com) - Legend Capital's portfolio company Talent New Energy, a new Chinese powerhouse in the solid-state battery industry, recently announced the completion of its Series A++ financing round with several hundred million RMB. Legend Capital initially invested in Talent New Energy by joining the Pre-A financing round and continued to support the company's development by following up this Series A++ financing round.With the improved battery technology and continuous high oil prices, the penetration rate of new energy vehicles is rising. The penetration rate of new energy vehicles in China reached 25.3% in April, and according to the industry forecasts, it will increase to 35% by the end of the year. Under the global background of carbon peaking and carbon neutrality, the wind power, photovoltaic and energy storage industry are also ushering in a golden era, gradually replacing the traditional fossil energy. With the technical advantages of high safety and high specific energy, it is widely believed in the industry that solid-state batteries will become the next trillion-level super track and the ultimate solution for battery techno...

SeaPRwire
Read More

BayWa r.e. wins big at Huawei APAC Digital Innovation Congress 2022

pandora
4 minutes

BANGKOK, June 10, 2022 – (ACN Newswire) – Global renewable energy developer, service provider and distributor, BayWa r.e. was the big winner at the Huawei APAC Digital Innovation Congress 2022 held in Singapore on May 19 and 20. Mr Junrhey Castro, Managing Director, BayWa r.e. Solar Trade SEA, receives the Excellent Marketing Award from Mr Kevin Lin, Marketing Director, Huawei APAC Digital Power Business at the Huawei APAC Digital Innovation Congress 2022. Topics of the Huawei APAC Digital Innovation Congress included ongoing advancements in ICT and speeding up digital transformation across industries, as well as green and low-carbon development. Besides winning the Instructor Gold Award 2022, recognised for best in technical and after-sales support, BayWa r.e. also swept awards in the “20-Million Revenue”, “Top Seller” and “Excellent Marketing” categories. Junrhey Castro, Managing Director, BayWa r.e. Solar Systems Corporation said, “These awards are not possible without the support and trust of BayWa r.e.’s customer base, and bear testament to the great work that our team have done. A customer-centric approach to business, coupled with the hard work and dedication of the local te...

JCN Newswire
Read More

MHI Thermal Systems Receives Two 2022 “Demand Side Management Awards” for Contributions to Power Load Leveling, Energy Savings and Environmental Protection

ruth
3 minutes

TOKYO, Jun 3, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries Thermal Systems, Ltd. (MHI Thermal Systems), a part of Mitsubishi Heavy Industries (MHI) Group, has received commendations in two categories of the 2022 "Demand Side Management Awards" sponsored by the Heat Pump & Thermal Storage Technology Center of Japan (HPTCJ), an organization that promotes the adoption of heat pumps and thermal storage systems through presentation of awards recognizing especially outstanding technologies that contribute to power load leveling. The "MSV2" series of high-efficiency air-cooled heat pump chillers adopting an "e-3D scroll" compressor(1) received the HPTCJ Chairman's Award in the Machinery & Equipment category, and the innovations in energy savings of the company's factory heating and cooling system using an aquifer thermal energy storage (ATES) system(2) received the HPTCJ Promotion Award in the Integrated Systems category.Demand Side Management Awards CeremonyThe MSV2 heat pump chillers, which were launched in Japan's domestic market to respond to increasing refrigeration load demand, were highly acclaimed by HPTCJ for their contribution to power load level...

JCN Newswire
Read More

Toyota and Woven Planet Have Developed a New Portable Hydrogen Cartridge Prototype

ruth
4 minutes

TOKYO, Jun 2, 2022 - (JCN Newswire via SEAPRWire.com) - TOYOTA MOTOR CORPORATION ("Toyota") and its subsidiary, Woven Planet Holdings, Inc. ("Woven Planet"), have developed a working prototype of its portable hydrogen cartridge. This cartridge design will facilitate the everyday transport and supply of hydrogen energy to power a broad range of daily life applications in and outside of the home. Toyota and Woven Planet will conduct Proof of Concept ("PoC") trials in various places, including Woven City, a human-centered smart city of the future currently being constructed in Susono City, Shizuoka Prefecture.Portable Hydrogen Cartridge (Prototype)(1)Toyota and Woven Planet are studying a number of viable pathways to carbon neutrality and consider hydrogen to be a promising solution. Hydrogen has significant advantages. Zero Carbon Dioxide (CO2) is emitted when hydrogen is used. Furthermore, when hydrogen is produced using renewable energy sources such as wind, solar, geothermal, and biomass, CO2 emissions are minimized during the production process as well. Hydrogen can be used to generate electricity in fuel cell systems and can also be used as a combustion fuel.Together with ENEOS ...

JCN Newswire
Read More

Hitachi Energy wins order from Deutsche Bahn to deliver one of the most powerful converter stations in the world

ruth
4 minutes

ZURICH, SWITZERLAND, Jun 1, 2022 - (JCN Newswire via SEAPRWire.com) - Hitachi Energy, the global technology and market leader in power grids, announced today that it has won an order from Deutsche Bahn to provide a 120 megawatt (MW) converter station which enables DB Energie to secure power supply for the Greater Berlin rail network. The network serves a metropolitan population of around 3.5 million people and is the hub for multiple high-speed train services to cities throughout Germany and neighboring countries.Rendering of the Thyrow converter stationThe Thyrow converter station, south of Berlin, will enable Deutsche Bahn to convert electricity from the public three-phase power distribution grid, which operates at a frequency of 50 hertz (Hz) to 16.7 Hz, and feed it into the rail power grid used to power trains and rail infrastructure.The order follows one awarded last year by Deutsche Bahn to Hitachi Energy for the 160 MW Delitz converter station in the greater Halle/Leipzig area, which will be one of the most powerful converter stations for rail power worldwide."We are delighted that Deutsche Bahn has selected Hitachi Energy as partner of choice to secure the 16.7 Hz power sup...

ACN Newswire
Read More

Mooreast Outlines Strategies to Enhance Mooring Solutions for the Floating Renewable Energy Sector

indie
8 minutes

SINGAPORE, May 30, 2022 - (ACN Newswire via SEAPRWire.com) - Mooreast Holdings Ltd announced plans to expand its mooring and rigging solutions product portfolio and to enhance partnerships with international players in order to extend its value proposition to the global floating offshore renewable energy sector.Mooreast released a Business Update outlining growth strategies outlined its growth strategies following its successful listing on Singapore Exchange (SGX) Catalist in November 2021.The full announcement to the SGX is appended below:The Board of Directors of Mooreast Holdings Ltd. would like to update shareholders on several developments in the Group's business and growth strategies since the release of its financial performance for the year ended 31 December 2021 (FY2021) in February 2022.Having successfully completed its Initial Public Offering (IPO) on the Singapore Exchange Catalist Board on 24 November 2021, the Group intends to leverage its listed status and stronger balance sheet to strengthen its foothold within the global floating offshore renewable energy sector. These post-IPO strategies include:(I) expanding its product portfolio of mooring and rigging solutions ...

JCN Newswire
Read More

Hitachi launches Lumada Inspection Insights and strengthens digital and green portfolio

ruth
8 minutes

DALLAS, TX, May 24, 2022 - (JCN Newswire via SEAPRWire.com) - Hitachi, Ltd. (TSE:6501) today announced the launch of Lumada Inspection Insights, its end-to-end portfolio of digital solutions for the inspection, monitoring, and optimization of critical assets. Pioneered by Hitachi Energy and Hitachi Vantara, Lumada Inspection Insights enables customers to automate asset inspection, support sustainability goals, improve physical security, and reduce risks and impacts related to storms or fires by using powerful artificial intelligence (AI) to analyze photographs and video, including LiDAR, thermal and satellite imagery.Combining the power of the camera with data and AIThe launch of the new portfolio is fully aligned with Hitachi's Mid-term Management Plan 2024 announced last month by Keiji Kojima, President & CEO, Hitachi, Ltd. In the Plan, Hitachi has set out its growth strategy and commitment to strengthening its digital and green portfolio, which is centered on the Lumada ecosystem. Central to Hitachi's commitment to social innovation, the Lumada ecosystem is accelerating the journey towards sustainable society through the data-driven cycle of value co-creation with customers....

ACN Newswire
Read More

Soluna Raises $35M from Spring Lane Capital to Build Green Data Centers for Crypto, Machine Learning

indie
4 minutes

ALBANY, NY, May 12, 2022 - (ACN Newswire via SEAPRWire.com) - Soluna Holdings, Inc. ("SHI" or the "Company"), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. ("SCI"), secured $35 million in project financing to develop green data centers co-located with renewable energy assets. Spring Lane Capital, a private equity firm, invested private funds in Soluna as a part of their strategy focused on hybrid project capital for sustainability solutions in the energy, food, water, waste and transportation industries. The capital will help develop three behind-the-meter (BTM) projects designed to convert wasted renewable energy into clean computing services such as bitcoin mining and artificial intelligence."Soluna is the only true green bitcoin company we've yet seen," said Rob Day, Spring Lane Capital Partner and Co-Founder. "Going after wasted renewable energy 'spilled power' is a compelling solution and fixes both bitcoin's climate problem and wind power's grid problem."Michael Toporek, CEO of Soluna Holdings, Inc. said, "Consistent with our previously articulated strategy, we continue to pursue opportunities that we believe enable us to optimize our cost of capital. The Sprin...

JCN Newswire

Mitsubishi Heavy Industries Achieves Record-Breaking Cash Flow in FY2021 and Plans Increased Dividends

ruth
3 minutes

TOKYO, May 12, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries (MHI, TSE Code: 7011) announced that order intake rose 21.9% year-over-year to ¥4,067.7 billion in the period ended March 31, 2022. Revenue rose 4.3% to ¥3,860.2 billion year-over-year, resulting in business profit(1) of ¥160.2 billion, a 196.3% increase from the previous fiscal year, which represents a profit margin of 4.2%. Net profit was ¥113.5 billion, an increase of 179.4% year-over-year, with a profit margin of 2.9%. ROE was 7.7%, an increase of 4.6 percentage points year-over-year. EBITDA was ¥292.4 billion, a 51.3% increase from FY2020, with an EBITDA margin of 7.6%, up 2.4 percentage points year-over-year. Free cash flow was ¥301.8 billion, a company record high and an increase of ¥579 billion year-over-year.Underpinning the FY2021 results was strong revenue in the Gas Turbine Combined Cycle (GTCC) business (Energy Systems), which increased 15% year-over-year, in part due to shipments of the latest, high-efficiency JAC model. Nuclear Power (Energy Systems) continues to show strong performance, with revenue growing steadily over the past five years. Another notable achievement was the recov...

ACN Newswire
Read More

Electricity Retailer Union Power Named as Partner for Anantara Energy Holdings US$5 Billion Plan to Export Up to 4 TWh of Renewable Energy Annually from Indonesia to Singapore

indie
4 minutes

SINGAPORE, Apr 26, 2022 - (ACN Newswire via SEAPRWire.com) - Singapore's homegrown electricity retailer Union Power Pte Ltd (Union Power) has been appointed as distribution partner for a proposed US$5 billion project promoted by Anantara Energy Holdings Pte Ltd (Anantara) to generate renewable energy in Indonesia and export up to 4 TWh of it to the city state.Anantara's project involves generating up to 3.5 GW of solar photovoltaic (PV) energy from a 4,000-hectare site in the Riau Islands and a battery capable of storing up to 12 GWh - one of the largest in the world - before being connected to Singapore via an undersea cable.The electricity import is subject to licensing approval from the Energy Market Authority of Singapore which has announced major plans to diversify its energy mix into renewables and reduce its reliance on liquified natural gas, and transition towards carbon neutrality by 2050.Singapore's green plans include the importation of clean renewable energy from neighbouring countries.Union Power, a member of homegrown Union Energy Corporation Pte Ltd (UEC) which has more than 40 years of business history, will be involved in retailing a significant portion of the impo...

JCN Newswire
Read More

Mitsubishi Corporation Invests in Climate-tech through Breakthrough Energy Catalyst

ruth
3 minutes

TOKYO, Apr 25, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Corporation (MC) is pleased to announce its decision to invest in Breakthrough Energy Catalyst (Catalyst), a program dedicated to accelerating innovative climate technologies. MC plans to invest 100 million USD in Catalyst, and in doing so will become the first company headquartered in Asia to make a commitment of this scale to the fund. Catalyst is a first-of-its-kind model that brings together companies, governments, and private philanthropy to accelerate the adoption of critical, next generation climate technologies. Catalyst is part of Breakthrough Energy, a network of initiatives founded by Bill Gates in 2015 dedicated to funding, developing, commercializing, and scaling the technologies that will be necessary to avoid a climate disaster. By making targeted investments in climate technologies that have proven their potential through research and development, Catalyst aims to speed up their large-scale commercialization. This will significantly decrease the price of new clean products, increase their availability in the market, and demonstrate how to finance the infrastructure of decarbonization at scale. Havin...