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					</table><p>Here are some noteworthy cleantech announcements of the day from around the world:</p>
<p><strong>Contemporary Amperex Technology (CATL) and Gresham House Energy Storage Holdings </strong><a href="https://www.catl.com/en/news/1047.html" target="_blank" rel="noopener"><strong>entered</strong></a><strong> into a long-term agreement for supplying up to 7.5 GWh of battery energy storage systems</strong> (BESS). Both parties will endeavor to increase the scope to 10 GWh of BESS for utility-scale energy storage. CATL and Gresham House have formed a long-term strategic partnership to accelerate the deployment of energy storage systems for the deployment of renewables on a larger scale and to achieve global carbon neutrality targets.</p>
<p><strong>The Asian Development Bank (ADB) has <a href="https://www.adb.org/news/adb-bim-wind-sign-107-million-financing-package-support-wind-energy-viet-nam" target="_blank" rel="noopener">signed</a> a $107 million financing project with BIM Wind to support the operation of an 88 MW wind farm in Vietnam, which will offset 215,000 tons of CO2 annually</strong> and help Vietnam reach its clean energy and climate action targets. The ADB funds the project from various sources, including Japan International Cooperation Agency, Hong Kong Mortgage Corporation, Sumitomo Mitsui Banking Corporation, ING Bank, and Cathay United Bank. The Federated States of Micronesia (FSM) will <a href="https://www.adb.org/news/adb-approves-5-million-grant-develop-clean-energy-projects-fsm" target="_blank" rel="noopener">receive</a> a grant of $5 million from ADB to support the development of clean energy projects, such as solar and hydro, in the country. The grant will help assess, plan, and build capacity for energy efficiency and clean energy projects. The FSM government will also contribute $500,000 in in-kind support for the initiative.</p>
<p><strong>Electricité de Guinée (</strong><a href="https://edg.com.gn/" target="_blank" rel="noopener"><strong>EDG</strong></a><strong>) and Swiss renewable energy developer </strong><a href="https://terra-sola.com/fr/" target="_blank" rel="noopener"><strong>Terra Sola Group</strong></a><strong> have signed an agreement to invest $500 million in a program to accelerate Guinea&#8217;s electrification</strong>, particularly in rural areas. Terra Sola has formed a consortium to implement a large-scale integrated solar energy program, including solar power plants, energy storage and distribution systems, and a human resources development center to train EDG employees. The project is expected to be completed within nine months, with the construction of the first power project set to begin in the last quarter of 2023.</p>
<p><strong>Flipkart, an India-based e-commerce company, has <a href="https://storiesflistgv2.blob.core.windows.net/stories/2022/12/63a2a87c3345d-63a2a87c3345fFinal-Flipkart-joins-RE100-2022.docx.pdf.pdf" target="_blank" rel="noopener">committed</a> to sourcing 100% of its energy requirements from renewable energy sources for its entire operations by 2030.</strong> The company has taken Climate group’s RE100 commitment and aligned the move with its net zero commitments of reducing the Scop 1 and 2 climate change impacts by 2030. According to the company, 14% of its electricity requirements are already met by renewable sources against the baseline consumption of the calendar year 2021.</p>
<p><strong>Energy Dome, a battery storage company, was <a href="https://www.businesswire.com/news/home/20221221005552/en/" target="_blank" rel="noopener">awarded</a> €17.5 million in funding from the European Innovation Council (EIC), the largest amount made available by the program.</strong> The company pioneered the CO2 battery, a disruptive long-duration energy storage solution at a competitive cost and using readily available, off-the-shelf components. Energy Dome was selected through a highly competitive process from more than 1000 companies that submitted a complete application.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/arjun-joshi/" class="vcard author" rel="author"><span class="fn">Arjun Joshi</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Arjun-Joshi-1.png" width="50" /></p>
<p><strong style="text-decoration: underline">Arjun Joshi,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/arjun-joshi/" target="_blank" rel="noopener">More articles from Arjun Joshi.</a></p>
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<p><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Arjun-Joshi-1.png" width="86" height="102" /><a href="https://mercomindia.com/author/arjun-joshi/" target="_blank" rel="noopener"><strong style="color: #00b451">Arjun Joshi</strong> </a>is a staff reporter at Mercom India. Before joining Mercom, he worked as a technical writer for enterprise resource software companies based in India and abroad. He holds a bachelor’s degree in Journalism, Psychology, and Optional English from Garden City University, Bangalore. <a href="https://mercomindia.com/author/arjun-joshi" target="_blank" rel="noopener">More articles from Arjun Joshi.</a></p>
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Daily News Wrap-Up: CATL to Supply 7.5 GWh Battery Storage System to Gresham House

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