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Canadian Solar Invests in SolarWorX (Ind. Report, Funding)
Canadian Solar, SolarWorx
Date: 2021-03-22
Guelph, Ontario-headquartered Canadian Solar Inc. and SolarWorX, a Berlin based off-grid solar pioneer, are reporting a strategic partnership in which Canadian Solar will make a seven-digit investments in SolarWorX as part of the start-up's series A investment round. Other investors include EIT InnoEnergy and Deutsche Investitions- und Entwicklungsgesellschaft (DEG) one of the world's largest private-sector development financiers.

The funding will help SolarWorX expand its product portfolio and sales in its existing key markets -- Cameroon, Zambia and Nigeria, with South Africa as its base for selling to the sub-Saharan region -- without a stable grid connection.

SolarWorX offers a modular off-grid solar solution called Solego to harness and distribute energy from solar panels. The modular systems with 80Wh or 160Wh battery capacity can be stacked on top of each other and provide flexibility to power individual households, small businesses and entire communities.

Since 2010, Canadian Solar has developed, built and connected over 5.7 GWp in over 20 countries across the world. Currently, the Company has over 500 MWp of projects in operation, over 5 GWp of projects under construction or in backlog (late-stage), and an additional 11 GWp of projects in pipeline (mid- to early- stage). (Source: Canadian Solar Inc., PR, Website, Isabel Zhang, Investor Relations, investor@canadiansolar.com, www.canadiansolar.com; SolarWorx, Felix Boldt, CEO, www.solarworx.io

More Low-Carbon Energy News Canadian Solar news,  Solar news,  


Consortium Reports Scandinavian eMethanol Projects (Int'l. Report)
Liquid Wind,Carbon Clean Solutions, Haldor Topsoe,
Date: 2020-04-01
Goteborg, Sweden-based Liquid Wind, Axpo, COWI, London-based Carbon Clean Solutions, Haldor Topsoe, Nel Hydrogen and Siemens are reporting joining forces in a "power-to-fuel" project to convert CO2 emissions into cost-effective carbon neutral fuel.

The stakeholders will combine their expertise and technology to capture waste carbon dioxide (CCU) and combine this with hydrogen, made from renewable electricity and water, to produce renewable methanol (eMethanol.

Six individual 45,000 tpy facilities are planned across Scandinavia by 2030 with the first project in Sweden expected to be in production by 2023. The consortium aims to standardize the eMethanol facility and blueprint a 'digital twin for efficient replication than can be scaled and licensed internationally. The project is supported by a €1.7 million investment from EIT InnoEnergy. (Source: Liquid Wind, Manifold Times, 31 Mar., 2020) Contact: Liquid Wind, Claes Fredriksson, Founder & CEO, info@liquidwind.se,www.liquidwind.se; Carbon Clean Solutions Ltd., Aniruddha Sharma, CEO, +44 (0) 20 3755 1600, ccs@kekstcnc.com, www.carboncleansolutions.com; Haldor Topsoe, Morten Schaldemose, , EVP, www.topsoe.com

More Low-Carbon Energy News CO2,  Low Carbon Fuel,  Marine Fuel,  Methanol,  Hydrogen,  Carbon Clean Solutions,  Haldor Topsoe,  


Norwegian Startup Plans $4.5Bn Nordic Battery Hub (Int'l. Report)
Freyr AS
Date: 2019-08-19
Norwegian startup battery specialist Freyr AS is reporting plans to construct Europe's first battery gigafactories in the municipality of Rana in northern Norway at an initial cost of 40 billion-krone ($4.5 billion).

The company also plans to construct a 600-MW wind farm which is projected to cut the gigafactory's energy costs by 24 pct.

Freyr is presently in a fund raising and permitting mode and has received a €7.25 million ($8.1 million) investment from EIT InnoEnergy. The company aims to raise as much as €25 million in additional funding within the next 12 months. Subject to funding and permitting success, production would start in 2023. (Source: Freyr AS, Bloomberg, Aug., 2019) Contact: Freyr AS, info@freyrbattery.com, www.freyrbattery.no

More Low-Carbon Energy News Freyr AS,  Battery,  Energy Storage,  


Power2U Green Buildings Tech Service Launched (Int'l)
InnoEnergy
Date: 2018-07-03
EU-backed innovation engine InnoEnergy reports it has partnered with five Swedish energy companies -- Oresundskraft, Jamtkraft, Tekniska Verken, Umea Energi and Jonkoping Energi -- to launch Power2U, a new building energy technology venture backed by SEK60 million ($7.5 million) of joint investment. The venture is aimed at promoting the use of solar, building optimization and digitization services, and battery energy storage systems and technologies in buildings.

The service is targeted primarily at property owners and large energy users and aims to harness Internet of Things capabilities to better integrate new green energy technologies, boosting the stability, resilience and robustness of existing energy grids. (Source: Business Green, InnoEnergy, 2 July, 2018) Contact: InnoEnergy Scadinavia, Kenneth Johansson, CEO, www.innoenergy.com

More Low-Carbon Energy News Green Building,  InnoEnergy,  Energy Efficiency,  

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