Daily News Wrap-Up: SJVN to Build 382 MW Hydropower Project in Himachal Pradesh
Mercedes-Benz Energy and India-based Lohum partner for the supply of second-life batteries
January 5, 2023
Here are some noteworthy cleantech updates from across the world:
The Cabinet Committee on Economic Affairs approved the 382 MW Sunni Dam hydroelectric project in Himachal Pradesh by SJVN. The project will be built at an estimated cost of ₹26.15 billion (~$315.6 million), including ₹138 million (~$1.6 million) as budgetary support from the Government of India. The project is expected to generate direct and indirect employment for about 4,000 individuals during the peak construction of the project. Until January 2022, approval has been given for a cumulative expenditure of ₹2.46 billion (~$29.7 million).
Mercedes-Benz Energy signed a multi-year agreement with Lohum, an India-based producer of sustainable lithium-ion battery raw material through recycling, for the supply of second-life batteries. Lohum is Mercedes-Benz Energy’s first partner in Asia as both companies continue to push sustainability across the battery supply chain. The two companies have committed to a minimum offtake schedule of 50 MWh per annum across multiple second-life module variants. Once these batteries reach the end of life, Lohum offers a buy-back guarantee to recycle them through its hydromet plant.
Norwegian company Blastr Green Steel announced its plans of investing €4 billion (~$4.2 billion) to establish a green steel plant with an integrated hydrogen production facility in Inkoo, Finland. For the construction of the plant, Blastr has signed a letter of intent with Nordic company Fortum that will facilitate the former with exclusive rights to use an existing industrial site located in Inkoo. Production is expected to commence by the end of 2026. The investment is likely to create up to 1,200 direct jobs during the operational phase of the plant.
Indian Institute of Technology (IIT) Jodhpur, signed a memorandum of understanding with Rishabh Instruments and Ivaan Foundation to set up a clean energy innovation center named Rishabh Centre for Research and Innovation in Clean Energy. The research and technology roadmap of the center will enable collaborative research through appropriate initiatives leading to the development of new and enhanced technologies for cutting-edge future applications. Ivaan foundation will provide IIT Jodhpur with the financial support of around ₹700 million (~$8.4 million) over the next 3-5 years to establish the infrastructure and research laboratories. The center will support start-ups and MSMEs in identified areas of clean and green energy technologies.
H2Carrier AS and the Greenland-based company Anori inked a letter of intent to develop the first commercial wind farm in Greenland with subsequent production and export of green ammonia. The 1.5 GW capacity of the wind farm will supply power to H2Carrier’s Power-2-X Floater (P2xFloater), a floating production vessel for hydrogen and green ammonia. Green ammonia will be stored in tanks onboard the vessel, then exported to smaller shipping vessels and carried to the international market for ammonia.
Global independent tank storage company Royal Vopak and Germany-based Hydrogenious LOHC (Liquid Organic Hydrogen Carrier) partner to incorporate an equally shared joint venture called LOHC Logistix, to store, transport, and supply hydrogen based on the Hydrogenious’ LOHC technology. The joint venture will support both companies to supply green hydrogen to off-takers, using LOHC-based transportation via ship, train, and tanker. The German company uses the thermal oil benzyl toluene as a liquid organic hydrogen carrier (LOHC-BT), which is already well-established in the industry as a heat transfer medium and has ideal properties for safe handling in ports.