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					</table>Here are some noteworthy cleantech announcements of the day from around the world:
Hero MotoCorp and Hindustan Petroleum Corporation (HPCL) <a href="https://www.bseindia.com/xml-data/corpfiling/AttachLive/9f5cbf14-f2c7-45e6-b9f2-8149e2a16b7f.pdf" target="_blank" rel="noopener">entered</a> 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 <a href="https://www.pib.gov.in/PressReleasePage.aspx?PRID=1861129" target="_blank" rel="noopener">approved</a> 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, <a href="https://www.businesswire.com/news/home/20220915005772/en/" target="_blank" rel="noopener">announced</a> 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, <a href="https://www.rwe.com/presse/rwe-renewables/2022-09-16-rwe-und-latvenergo-bndeln-ihre-krfte-fr-offshore-wind-in-lettland" target="_blank" rel="noopener">signed</a> 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 <a href="https://www.iberdrola.com/press-room/news/detail/iberdrola_environmental_impact_permit_photovoltaic_cedillo" target="_blank" rel="noopener">announced</a> 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.

Daily News Wrap-Up: Hero MotoCorp Partners with HPCL to Deploy EV Charging Stations Across India

<a href="https://www.recsilicon.com/" target="_blank" rel="noopener">REC Silicon</a>, a leading producer of advanced silicon materials, posted a revenue of $43.2 million in the fourth quarter (Q4) of the calendar year (CY) 2021, up 20% compared to $36 million during the same period last year.
The revenue increased by 19% in Q4 2021, compared to $36.2 million in Q3 2021.
The company&#8217;s total revenue for 2021 stood at $142.8 million, up 18% compared to $121.4 million in 2020.
The strong demand in the semiconductor market resulted in increased sales opportunities for semiconductor-grade polysilicon during Q4 2021. The company aims to upscale its solar-grade polysilicon production and the battery components production supported by the global demand forecast for these products.
The earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at a loss of $400,000 for Q4 2021, which was an improvement of 89% compared to the loss of $3.7 million in the last quarter. The EBITDA did show more loss compared to $1.9 million profit during the same period last year.
The company reported an EBITDA of $9.3 million contributed by the semiconductor materials segment during Q4 2021, up by 416% compared to $1.8 million in Q3 2021. The increase in EBITDA contribution was primarily due to higher production volumes of intermediate products and lower electricity prices during the quarter.
<img decoding="async" loading="lazy" class="aligncenter size-full wp-image-32767" src="https://mercomindia.com/wp-content/uploads/2022/02/Capture.png" alt="" width="477" height="373" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/02/Capture.png 477w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/02/Capture-300x235.png 300w" sizes="(max-width: 477px) 100vw, 477px" />
The total polysilicon sales volume increased by 84 MT to 481 MT in Q4 2021, compared to 397 MT during Q3 2021. The semiconductor grade polysilicon sales volume increased by 137 MT to 371 MT. The solar-grade polysilicon sales volume decreased by 53 MT to 110 MT in Q4 2021.
<img decoding="async" loading="lazy" class="aligncenter size-full wp-image-32768" src="https://mercomindia.com/wp-content/uploads/2022/02/Capture-1.png" alt="" width="459" height="402" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/02/Capture-1.png 459w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/02/Capture-1-300x263.png 300w" sizes="(max-width: 459px) 100vw, 459px" />
The company stated that average polysilicon prices for Q4 2021 increased by 15.1% compared to the last quarter due to the increase in semiconductor polysilicon sold during Q4 2021. Average prices for solar-grade polysilicon increased by 6% compared to the prior quarter.
The total polysilicon production volume for Q4 2021 was 316 MT compared to 295 MT in Q3 2021. The production utilization increased during Q4 2021 due to the completion of a planned maintenance outage in Q3 2021.
Polysilicon price movement
The company noted that in Q4 2021, polysilicon prices increased in the early part of the quarter by 10% to about $36.8/kg and ended the quarter with $30.5/kg as demand in the year-end fell and wafer producers reduced inventory. Polysilicon supply in China was stable as most producers focused on inventory control, with anticipated seasonal declines in demand at the end of the year. Polysilicon prices remained significantly higher at the end of 2021 compared to prices of $11.1/kg at the beginning of 2021.
Solar grade polysilicon prices increased to $32/kg at the beginning of the first quarter of 2022. Prices are expected to remain stable in the first part of the year. Polysilicon supply will increase through 2022 as new capacity comes online.
In 2020, REC Silicon and Violet Energy Corporation had <a href="https://mercomindia.com/daily-news-wrap-up-rec-silicon/" target="_blank" rel="noopener">joined</a> hands to develop an integrated domestic solar manufacturing supply chain. REC Silicon had invested over $1.7 billion in a facility employing its proprietary silane gas-based fluidized bed reactor for granular polysilicon.

REC Silicon’s Revenue Up by 18% YoY to $142.8 Million in 2021

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