Daily News Wrap-Up: Adani Power Looks at De-Carbonizing its Coal-Fired Assets
Ola Electric invests in Israeli battery technology company StoreDot
Here are some noteworthy cleantech announcements of the day from around the world:
Adani Power Limited, IHI Corporation, and Kowa Company have signed a memorandum of understanding (MoU) to study the feasibility of a modification to achieve the de-carbonization of APL’s coal-fired assets. The studies aim to find a method to achieve a 20% liquid ammonia co-firing ratio and further extend it up to 100% mono-firing at the Adani Power Mundra Coal-Fired Power Plant. The companies aim to work towards potentially implementing the technology in other coal-fired units within India.
Ola Electric announced its investment in an Israeli battery technology company StoreDot, to help the company get access to StoreDot’s XFC battery technology that charges a battery from 0 to 100% in just five minutes. Ola Electric is working towards ramping up its core R&D in advanced cell chemistry & manufacturing and other battery technologies and new energy systems. Ola will also have exclusive rights to manufacture batteries integrating StoreDot’s fast charge technology in India.
AGP Sustainable Real Assets (AGP), Singapore-based asset development and investment management group, and Hartree Partners, a global energy and commodities trading company, announced the launch of AMPYR Energy USA, the second joint venture between the two organizations. AMPYR Energy USA will be headquartered in New York and target to build a 5GW utility-scale solar platform across multiple U.S. markets.
JinkoSolar’s subsidiary Jiangxi Jinko signed a Project Investment Cooperation Framework agreement for a 30 GW monocrystalline silicon pull rod project in Qinghai, China. The agreement was signed with Qinghai Provincial Department of Industry and Information Technology, Xining Municipal Government, and Xining Economic and Technological Development Zone Management Committee with a total estimated investment is approximately RMB10 billion (~$1.56 billion).
LG Energy Solution (LGES) announced an investment of $1.7 billion to help expand its battery manufacturing facility in Holland, Michigan, creating 1,200 jobs. LG Energy Solution, formerly known as LG Chem Michigan, manufactures large lithium-ion polymer battery cells and packs for electric vehicles. The company has had a presence in Holland since 2010 when it built its first EV battery plant in the U.S. and now has 1,495 employees in Michigan.