Daily News Wrap-Up: Statkraft, Skagerak Energi to Supply Green Hydrogen to a Carrier in Norway
SJVN has posted its financial results for FY2021 and reported sales from wind and solar amounting to ₹512.8 million during the financial year
Here are some noteworthy cleantech announcements of the day from around the world:
Hydropower company Statkraft and Norwegian utility company Skagerak Energi have been chosen to supply green hydrogen to a zero-emission bulk carrier. Slated to be the world’s first hydrogen-powered cargo ship, the project is being planned by building materials company HeidelbergCement and Norwegian agricultural cooperative Felleskjøpet. The concept involves replacing containers with compressed hydrogen and is flexible so that it can be used both for transport and for other purposes. The ship will transport grain from Eastern Norway to Western Norway and rock and gravel on the way back and will sail using emission-free green hydrogen in combination with rotor sails. The project aims to cut down Norway’s carbon emissions.
SJVN Limited, a joint venture between the central government and the Himachal Pradesh government, has reported a total income of ₹32.13 billion (~$432.43 million) for the financial year (FY) 2021, an increase of 4% compared to ₹30.95 billion (~$416.54 million) during FY 2019-20. The company registered energy sales of ₹24.34 billion (~$327.58 million) from hydropower for the year ended March 31, 2021, a decline of 8% compared to ₹26.43 billion (~$355.71 million) for the previous corresponding year. The sales from wind and solar amounted to ₹512.8 million (~$6.91 million), decreasing 4% compared to ₹535 million (~$7.2 million) for the FY 2019-20.
LNJ Bhilwara Group has announced its entry into the lithium-ion battery business through its private promoter entities. The group has entered into a joint venture with Pune-based Replus Engitech to establish a 1 GWh plant for lithium-ion battery modules and packs, battery management systems, energy management systems, and containerized battery energy solutions. The greenfield plant in Pune will be operational by mid-2022, with a capacity of 1GWh in phase one. The company aims to increase the capacity to 5G Wh by 2024 in phase two. The products will cater to large energy storage systems for renewable integration, micro-grid, utility support, railways, telecom, and data centers, among others.
Renewable energy firm Masdar, a subsidiary of Mubadala Investment Company, has announced signing a strategic agreement with the Government of Iraq to develop solar photovoltaic projects in the country with a minimum total capacity of 2 GW. Masdar will generate solar power through projects in central and southern Iraq. Iraq targets 10 GW to 12 GW (20-25%) of energy coming from renewable sources.
Srinwanti is a copy editor at Mercom India, where she writes and edits news stories across the clean energy spectrum. Prior to Mercom, she has worked in book publishing at Macmillan Publishing House and Integra and honed her editorial and writing skills in both online and print media such as Reuters, Times Group Books, The Times of India, and Pune Mirror, covering local to international stories. More articles from Srinwanti Das.