Daily News Wrap-Up: Hero MotoCorp Partners with HPCL to Deploy EV Charging Stations Across India
Cabinet Approves Amendments to Semiconductor Development Program
September 22, 2022
Here are some noteworthy cleantech announcements of the day from around the world:
Hero MotoCorp and Hindustan Petroleum Corporation (HPCL) entered into a collaboration to establish charging infrastructure for electric vehicles (EVs) in the country. As a part of the initiative, the companies will set up charging infrastructure for two-wheeler EVs across the country. The two companies will first establish charging infrastructure at HPCL’s existing network of nationwide energy stations, with the likelihood of broadening the collaboration for supplementary business opportunities. In the first phase, charging stations will be set up in select cities, which will then be expanded to other key markets to establish a high-density EV charging station network across the country. Hero MotoCorp will lead the infrastructure development for the charging network. Each charging station will feature multiple smart and fast chargers, including DC and AC chargers, that will be available to all two-wheeled EVs.
The Union Cabinet has approved modifications in the program for developing semiconductors and display manufacturing in India. Under the modified program, uniform fiscal support of 50% of project cost will be provided across all technology nodes for setting up semiconductor fabs. Given the niche technology and nature of compound semiconductors and advanced packaging, the modified program will also provide fiscal support of 50% of capital expenditure to set up compound semiconductors/silicon photonics/sensors / discrete semiconductors fabs and Assembly Testing Mark Pack (ATMP)/ Outsourced Semiconductor Assembly and Test (OSAT). The modified program is expected to expedite semiconductor and display manufacturing investments in India.
Energy Vault Holdings, a grid-scale energy storage solutions company, announced a mandate of an initial 2 GWh gravity energy storage project and the deployment of Energy Vault’s Energy Resiliency Centers at the zero carbon industrial parks in China that will deploy Energy Vault’s EVx gravity energy storage technology. In partnership with Atlas Renewable, EIPC (a policy-oriented supporting organization (NGO) of the Investment Association of China), in conjunction with China Tianying and selected provincial and local governments, will develop five national zero carbon industrial parks, some of which will be built in previously underserved economic regions throughout China. The parks will utilize Energy Vault’s gravity energy storage technology and its Energy Management Software platform to support China’s mandated climate change and environmental policy: Carbon Peak in 2030 and Carbon Neutrality in 2060 – commonly referred to as “30-60.”
RWE, a German multinational energy company, and Latvenergo, a state-owned electric utility company in Latvia, signed a framework agreement to work together on the development, construction, and operation of offshore wind farms off the Latvian coast. The equal partners combine their experience in the development, efficient implementation, and safe operation of offshore wind farms with extensive knowledge of the Latvian energy market and the power supply in the Baltic States.
Iberdrola announced that it had obtained the Environmental Impact Statement for the construction of a new 375 MW photovoltaic project in the town of Cedillo in Cáceres. The new plant will have sufficient capacity to supply 178,000 homes with clean energy, more than the population of a city like Badajoz, and will prevent the emission of 77,000 tonnes of CO2 per year. The installation will have more than 576,000 bifacial photovoltaic modules that allow for higher production, as it has two light-sensitive surfaces. In this way, it will be able to produce more than 582,400 MWh of indigenous green energy per year which would have required more than 97 million cubic metres of gas to be generated by a combined cycle.