TF ESC-B20 creates first green industrial area in Southeast Asia ACN Newswire

TF ESC-B20 creates first green industrial area in Southeast Asia

November 14, 2022
JAKARTA, Nov 14, 2022 - (ACN Newswire via SEAPRWire.com) - The Energy, Sustainability, and Climate Business 20 Task Force (TF ESC-B20) has successfully created the First Green Industrial Area in Southeast Asia.Pertamina Headquarters (ANTARA/HO)In a statement released on Saturday, the green industry area acts as an industrial decarbonization effort, which has become an important step not only for the industry but also the cluster.Chair of the TF ESC-B20 Nicke Widyawati said that supporting decarbonization will accelerate the achievement of net zero emission that is targeted by Indonesia in 2060.Supporting the development of green industry clusters will also attract more foreign investment in the future, encouraging national economic growth and create jobs."Decarbonization of the Industrial Cluster allows us to apply an integrated approach to the transition to net zero," said Nicke Widyawati, Chair of TF ESC-B20 who is also CEO and President Director of Pertamina, in Bali, Friday (11/11).She continued that one of the important pillars of decarbonization is energy efficiency and circularity, using emerging technologies such as modernization of energy-efficient equipment and components, as well as the adoption of a flaring recovery system.Other industrial decarbonization initiatives include the application of Carbon Capture, Utilization and Storage (CCUS) technology and the implementation of Nature Based Solutions (NBS)."Indonesia has 400 billion tonnes of CO2 storage potential in our reservoirs for CCUS. We also have the second largest global NBS potential in the world," she added.She further said that energy use in industry is the highest compared to energy use in buildings and the transportation sectors. Therefore, one of the recommendations of TF ESC-B20 is to increase global cooperation in accelerating the transition to sustainable energy use by reducing carbon intensity in various fields as well as industrial decarbonization.For that reason, energy efficiency is one of the important pillars of decarbonization that will contribute to the Net Zero Emission target.Globally, energy efficiency has increased by around 13 percent (2000-2017) and can be 12 percent higher if it is not stopped."Over the past 10 years, energy consumption has grown rapidly by 47 percent. According to the latest estimates, the annual average CO2 reduction would need to increase fivefold to reach the Paris Agreement targets. The pace of transition needs to be accelerated," she continued.New technologies that accelerate industrial and consumer energy consumption are critical to driving efficiency, she reiterated.Additionally, one of the policy recommendations from TF ESC-B20 is to increase global cooperation in accelerating the transition to sustainable energy use."We must further encourage global cooperation that will allow us to accelerate the NZE in line with the G20 theme, Recover Together, Recover Stronger," she concluded.Contact: Heppy Wulansari, Pjs. Vice President Corporate Communication, PT Pertamina (Persero)Mobile: +62 811-296-949, Email: heppy@pertamina.com, URL: https://www.pertamina.comWritten by: Yuni Arisandy Sinaga, Editor: Rahmad Nasution (c) ANTARA 2022 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Pertamina, Keppel, Chevron to explore green hydrogen projects ACN Newswire

Pertamina, Keppel, Chevron to explore green hydrogen projects

November 12, 2022
JAKARTA, Nov 12, 2022 - (ACN Newswire via SEAPRWire.com) - Pertamina NRE, Keppel Infrastructure, and Chevron have signed an agreement to explore green hydrogen and green ammonia development projects in Indonesia, primarily in Sumatra.Pertamina NRE, Keppel Infrastructure, and Chevron have signed an agreement to explore green hydrogen and green ammonia development projects in Indonesia, specifically Sumatra. (ANTARA/Pertamina)"The development of green hydrogen and green ammonia has an important role in Indonesia's Net Zero Emissions road map," Pertamina NRE CEO Dannif Danusaputro said on Saturday.Given the existing potential, Indonesia is expected to play a key role in green hydrogen production in Asia, he added.We are excited about this strategic collaboration because we believe Keppel and Chevron are leading companies that share the same vision of energy transition as we do," he added.The collaboration was also welcomed by Keppel Infrastructure CEO Cindy Lim, who expressed her satisfaction over the agreement.Indonesia is a country with large resources of high renewable and low carbon energy potential, she noted.Therefore, she said she is pleased to be working with industry leaders, Pertamina and Chevron, to explore the prime use of geothermal energy and other new renewable energy for developing green hydrogen and green ammonia projects.The cooperation is also meant to support Indonesia's energy transition efforts as well as investment in new renewable energy supply chains in exploration areas, she added."This partnership will expand Keppel Infrastructure's geographic footprint of creating and capturing added value from its global commitment to net zero and its energy transition," she said.Meanwhile, vice president of hydrogen at Chevron New Energies, Austin Knight, expressed his hope to use the shared expertise to study and evaluate low-carbon business opportunities in the region."Then, we must work together to find new and innovative ways to continue to produce and deliver cleaner energy for a growing world," he said.Pertamina, Keppel Infrastructure, and Chevron signed the Joint Study Agreement (JSA) at the Business 20 (B20) Investment Forum, which was held ahead of the B20 Summit in Bali.B20 is the official dialogue forum of the G20 that represents the global business community.The JSA has been prepared to explore the feasibility of developing a green hydrogen facility, with a minimum production capacity of 40 thousand tons per year, supported by at least 250-400 MW of geothermal energy in the initial stage.The hydrogen production facility will have the potential to be scaled up to 80 thousand to 160 thousand tons per year, depending on the availability of geothermal energy and market demand.Hydrogen and ammonia have been identified as low-carbon fuels that are an important part of the energy transition plan.Ammonia can also be used to transport hydrogen and has the potential to replace bunker fuel as a low-carbon solution in the global maritime industry.With the agreement, Indonesia, which has around 40 percent of the world's potential geothermal resources, has the opportunity to utilize geothermal energy as a reliable and stable source of energy to produce green ammonia or green hydrogen.Contact: Dicky Septriadi, Corporate Secretary, Pertamina NREMobile: 08111663456, Email: dicky.septriadi@pertamina.com, URL: https://www.pertamina.comWritten by: Katriana, Editor: Rahmad Nasution (c) ANTARA 2022 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Hitachi Energy to provide world’s first SF6-free 420 kV gas-insulated switchgear technology at TenneT’s grid connection in Germany JCN Newswire

Hitachi Energy to provide world’s first SF6-free 420 kV gas-insulated switchgear technology at TenneT’s grid connection in Germany

November 11, 2022
ZURICH, SWITZERLAND, Nov 10, 2022 - (JCN Newswire via SEAPRWire.com) - Hitachi Energy announced today it will provide the world's first sulfur hexafluoride (SF6) free 420-kilovolt (kV) gas-insulated switchgear (GIS) technology and a state-of-the-art modular prefabricated grid connection solution at a key node at TenneT's power grid in Germany, supporting the leading European grid operator to achieve its carbon neutrality goals.This project covers a major grid connection upgrade which significantly extends the operating life of existing power assets to ensure the longevity and continued efficiency of the existing power infrastructure. The global technology leader will deliver innovative EconiQ 420 kV(1) GIS that uses a game-changing technology that eliminates SF6 with reliable and scalable solutions for the lowest carbon footprint.TenneT is a major transmission system operator in the Netherlands and Germany, supplying power to some 42 million homes and businesses in both countries. The company aims to be a driving force behind the energy transition by investing in eco-efficient technologies to reduce greenhouse gas emissions. As a transmission system operator, TenneT is a key player on the historic path to a safe, reliable and carbon-free energy system.To support TenneT on its transition to SF6-free solutions, Hitachi Energy will contribute pioneering technologies, unique system integration capabilities, engineering expertise and extensive experience with local grid code requirements to strengthen the grid connection at the 220-megawatt (MW) Erzhausen pumped storage power plant near Hanover. This project uses Building Information Modeling, a consolidated and collaborative digital working method that allows decision-based 3D modeling and improves facility management via a digital twin for the life cycle of the power asset. The entire project will be completed in 2026.In this project, Hitachi Energy will install three bays of EconiQ 420 kV GIS to enable the transmission of large amounts of electricity over long distances while eliminating significant volumes of SF6. This eco-efficient innovation remains similar in size while being 100 percent as reliable as the conventional GIS solution based on SF6. This installation will effectively avoid the addition of nearly 2,300 kg of SF6, equivalent to removing the CO2 emissions of around 1,150(2) passenger vehicles per year."We are proud to collaborate with TenneT in their efforts to accelerate the energy transition and strengthen the power infrastructure in Germany," said Claudio Facchin, Chief Executive Officer of Hitachi Energy. "At Hitachi Energy, we are championing the urgen cy of the energy transition through innovation and collaboration. Through our modular prefabricated grid connections and EconiQ high-voltage switchgear technology, we are supporting our customers to reduce their carbon footprint and enabling a more sustainable, flexible and secure energy system."EconiQ(3) is Hitachi Energy's eco-efficient portfolio for sustainability, where products, services and solutions are proven to deliver exceptional environmental performance. Hitachi Energy has placed sustainability at the heart of its Purpose and is advancing a sustainable energy future for all. (1) bit.ly/3ULMmjW(2) Based on the assumption that a passenger vehicle emits 19 kg CO2 equivalent per 100 km and drives 10,000 km per year.(3) www.hitachienergy.com/sustainability/econiqAbout Hitachi Energy Ltd.Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world's energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 40,000 people in 90 countries and generate business volumes of approximately $10 billion USD. www.hitachienergy.comwww.linkedin.com/company/hitachienergy https://twitter.com/HitachiEnergyAbout Hitachi, Ltd.Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company's consolidated revenues for fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billion yen ($84,136 million USD), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company's website at www.hitachi.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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Aim to become world-class geothermal electricity producer: Pertamina ACN Newswire

Aim to become world-class geothermal electricity producer: Pertamina

November 10, 2022
JAKARTA, Nov 10, 2022 - (ACN Newswire via SEAPRWire.com) - State-owned energy company PT Pertamina is seeking to become a world-class player in green electricity generation based on geothermal energy by pursuing a number of technological innovations to increase geothermal utilization.PT Pertamina Geothermal Energi (PGE) develops geothermal energy in Ulubelu Area in Tanggamus, Lampung. (ANTARA/HO-PGE)"We aim to become a world-class player in the geothermal sector. There is an opportunity for that ... since, so far, the geothermal potential utilized is still less than 10 percent of the total owned by Indonesia," said Oki Muraza, senior vice president of research technology and innovation at Pertamina.He made the remarks during a discussion at the Indonesian Pavilion on the sidelines of COP27 in Sharm el-Sheikh, Egypt, on Tuesday (November 8, 2022).Indonesia has nearly 24 gigawatts (GW) of geothermal potential, but less than 10 percent of it has been utilized, he noted. Therefore, Pertamina sees a great opportunity to further increase the capacity of geothermal utilization in the country to generate green electricity, he added.Efforts to increase geothermal-based electricity capacity are aimed at supporting Indonesia's target of achieving net-zero emissions by 2060 by increasing the use of renewable energy in the proportion of national electrical energy sources, he said.For that reason, Pertamina has conducted a lot of research on the development of technological innovations for geothermal utilization, which have covered the fields of exploration, development, production-operation, and digitization.The state-owned energy company is currently developing better technology in the field of exploration, undertaking a comprehensive study of geoscience, and developing new methods that can be applied in the geothermal industry."This is something that we have been doing for years so that we technologically master it, starting from exploration, development, production, drilling, and so on," Muraza said.Moreover, Pertamina will increase its geothermal capacity, which was recorded at 672 megawatts (MW) in 2020, to 1,128 MW by 2026.The company is striving to achieve operational excellence in the upstream sector, integrate the development in new areas, and expand the value chain of products from geothermal energy, such as green energy products in the form of green methanol, green hydrogen, nano-silica, green liquid carbon dioxide, and carbon credits.In addition, Pertamina is also supporting the development of green industrial clusters in the country."We hope to accelerate the development of new areas that can be used not only for electricity, but we are also starting to think about possible locations that can be developed for green hydrogen," Muraza informed.He added that Pertamina is offering cooperation opportunities to players in the field of geothermal and energy efficiency in Indonesia for implementing technological solutions - developed by the company to build more geothermal power plants and other geothermal products - and optimizing the utilization of geothermal potential in the country.Contact: Brahmantya Satyamurti Poerwadi, Corporate Secretary, PT Pertamina (Persero)Email: pcc135@pertamina.com, URL: https://www.pertamina.comWritten by: Yuni Arisandy Sinaga, Editor: Suharto (c) ANTARA 2022 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Prontoblock and EPIC ESG Partner to Launch a DAO and Issue On-Chain Green Bonds to Finance Clean Energy Solutions ACN Newswire

Prontoblock and EPIC ESG Partner to Launch a DAO and Issue On-Chain Green Bonds to Finance Clean Energy Solutions

November 10, 2022
NEW YORK, Nov 10, 2022 - (ACN Newswire via SEAPRWire.com) - The on-chain tokenized green bonds issued by Prontoblock will be one of the first such offerings in the United States. Moody's forecasts that the issuance of green bonds could total $1 trillion in 2022.New York, November 8, 2022 -- Prontoblock, an innovative blockchain and Web3 company, will partner with EPIC ESG to utilize smart contracts in the form of Non-fungible Tokens (NFTs), and introduce utility tokens to support the structure of on-chain green bonds for large-scale projects. Prontoblock will issue approximately $300 million in notional value in the form of on-chain green bonds to support EPIC ESG's take out needs for the company's clean energy projects. According to a 2022 report by McKinsey, capital spending on physical assets for energy and land-use systems required to decarbonize the global economy and to achieve net-zero emissions by 2050 are estimated to be $9.2 trillion annually, and $275 trillion in total.EPIC ESG's clean energy, carbon sequestration and disruptive agricultural solutions address pressing green energy challenges within the United States. To fund and manage these solutions, Prontoblock will launch a Decentralized Autonomous Organization (DAO), an emerging corporate model that democratizes and automates governance utilizing logic embedded within smart contracts, to secure financing, streamline operations and improve reporting. Powered by Prontoblock's platform, this partnership will generate highly secure tokenized green bonds to open up market access for a broad spectrum of investors with increased efficiencies, and fractionalized ownership. This will help increase liquidity and decrease the cost of capital for all participants. By issuing NFTs on a distributed ledger, the ownership rights of these green bonds will be easily traded on multiple centralized and decentralized crypto exchanges globally - delivering new and superior functionality with digital assets over traditional ones."We are very excited to be working with Prontoblock, given their capital markets and blockchain expertise, to advance our ESG initiatives," says Kyle Barnett, CSO of EPIC ESG. "This partnership will democratize retail access to bonds and accelerate the rollout of critically needed clean energy projects.""The opportunity for Prontoblock to support worthy projects in the ESG space is a deserving use case for our technology," says John Murphy, Co-founder and Chairman of Prontoblock. "The DAO and green bonds issued by our platform will significantly increase access to food supply, uninterrupted clean energy and the offsetting of carbon emissions. As the need for capital for climate-related investments in the coming decades will be immense, supporting EPIC ESG's endeavors is a moral imperative for Prontoblock."About ProntoblockProntoblock provides innovative solutions to financial intermediaries and everyday investors. Our products open up both traditional and digital asset markets and streamline investment instrument operations using DeFi protocols. The Prontoblock platform enables clients to issue tokenized assets, and provides seamless and user-friendly on-ramps and off-ramps to web3 architecture. It powers a smart-contract solution that fully automates due diligence, establishes reliable records of current stakeholders and compliance, and significantly improves efficiency by reducing administrative friction. For more information, visit www.prontoblock.com.About EPIC ESGEPIC ESG harnesses the collaborative power of visionary clean energy innovation, values-driven investment, and sustainable, socially responsible impact to create clean energy solutions that transform our health, our economies, our environment, our planet, and the future of our children, and our children's children - for good. For more information, visit https://epicesg.com.Media Contact:Alex GaultProntoblockalex@prontoblock.com415-830-6739www.prontoblock.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Pertamina increases geothermal capacity for its emission reductions ACN Newswire

Pertamina increases geothermal capacity for its emission reductions

November 9, 2022
JAKARTA, Nov 9, 2022 - (ACN Newswire via SEAPRWire.com) - Indonesian state-owned oil and gas company Pertamina has ramped up its geothermal energy capacity as one of the important efforts in achieving its carbon emission reduction target significantly.Pertamina head office building (ANTARA/HO-PT Pertamina)During a discussion at the Indonesian Pavilion on the sidelines of the COP-27 event in Sharm el-Sheikh, Egypt, on Monday, Pertamina Geothermal Energy CEO Ahmad Yuniarto explained that the energy company has supported and will continue to extend support to the Indonesian government's measures to achieve net zero emissions by 2060.Yuniarto further explained that Pertamina is targeting the achievement of net zero emissions by 2060 with the support of various decarbonization measures and green businesses, including the development of its geothermal capacity.He also highlighted that the latest National Electricity General Plan carried out to add more installed geothermal capacity in Indonesia will provide significant reduction in carbon emissions in the country."We have the opportunity to make a cumulative reduction of up to 1,200 million tons of carbon emissions equivalent," Yuniarto remarked.Such a cumulative reduction will have a large potential contribution - from the geothermal sector in Indonesia - for the achievement of urgent net zero emissions.Yuniarto remarked that Pertamina Geothermal Energy (PGE) currently manages 13 geothermal working areas in Indonesia, with an installed capacity of 1,877 Megawatts (MW), comprising 672 MW operated and managed directly by PGE and 1,205 MW managed under a joint operation contract scenario.That amount of geothermal capacity represents 82 percent of the total installed geothermal capacity in Indonesia.Moreover, Yuniarto emphasized the important role of geothermal for energy transition and achieving zero carbon progress, with the energy sector having a 10-fold lower emission footprint than power generation using fossil fuels."Pertamina Geothermal Energy is committed, in the next five years, to increase the installed (geothermal) capacity of 600 megawatts," he stated.Yuniarto remarked that the commitment will help to avoid the generation of around 15.7 million tons of CO2 equivalent per year."This is a big and real contribution from Pertamina while we together strengthen the baseload of renewable energy in Indonesia," he stated.Apart from encouraging emission reductions through additional installed geothermal capacity, PGE also supports the rehabilitation of 588 hectares of forest areas."This is a fact that many people do not realize that geothermal developers are also working to support (rehabilitation) in nearly 600 hectares of forest areas," Yuniarto pointed out.He remarked that PGE, in running its businesses, continues to be committed to geothermal development and ensures the implementation of Environment, Social, and Governance (ESG) to become an integrated part of the company's geothermal business.PGE's role in the implementation of ESG aspects is an effort to provide added value and support to national programs related to the use of new and renewable energy that is environmentally friendly, particularly geothermal.PGE's commitment to developing geothermal energy can also contribute to achieving several targets of Sustainable Development Goals (SDGs: the 7th Goal (Clean and Affordable Energy), the 12th Goal (Responsible Construction and Production), the 13th Goal (Climate Change Management), and the 15th Goal (Land Ecosystem).Contact: Fajriyah Usman, VP Corporate Communications, PT Pertamina (Persero)M: +62 858 8330 8686, Email: fajriyah.usman@pertamina.com, URL: https://www.pertamina.comWritten by: Yuni Arisandy Sinaga, Editor: Fardah Assegaf (c) ANTARA 2022 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Hitachi Energy and Equinor sign a strategic collaboration agreement to accelerate the energy transition JCN Newswire

Hitachi Energy and Equinor sign a strategic collaboration agreement to accelerate the energy transition

November 9, 2022
TOKYO, Nov 9, 2022 - (JCN Newswire via SEAPRWire.com) - Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, today announced it has signed a strategic collaboration agreement with Equinor, one of the world's largest energy companies, to collaborate within electrification, renewable power generation and low-carbon initiatives worldwide.The agreement underlines both companies' commitment to accelerate the energy transition and advance a more sustainable, flexible and secure energy system. It builds on the two companies' long and successful collaboration over many decades. During that time, Hitachi Energy has provided Equinor with power grid solutions and pioneering technologies on several projects, such as Dogger Bank A, B and C, the world's largest offshore wind farm on completion, and Troll A, the world's first HVDC power-from-shore connection.Initial areas of focus for the collaboration include developing standardized base designs to be applied for high-voltage direct current (DC) and alternating current (AC) transmission systems to connect offshore wind farms and Equinor production facilities to mainland power grids."We are delighted to deepen our longstanding relationship with one of the world's leading energy companies and to help Equinor achieve its ambition of becoming net zero by mid- century," said Niklas Persson, Managing Director of Hitachi Energy's Grid Integration business. "Together we make a strong team that will support the society to reach the goal of the Paris Agreement and create a sustainable energy future for all.""Hitachi Energy has been a reliable supplier to Equinor for many years. This strategic collaboration agreement is a signal of joint ambitions to increase our competitiveness in the ongoing energy transition. Standardization of technical solutions will be a key to succeed, and we look forward to improving together with Hitachi Energy," said Geir Tungesvik, Executive Vice President for Projects, Drilling and Procurement at Equinor.The scope of the agreement covers the complete spectrum of Hitachi Energy's portfolio of power grid technologies and solutions. It includes IdentiQTM, Hitachi Energy's digital twin for high-voltage direct current (HVDC) and power quality solutions, which provides significant benefits throughout the assets' plan, build, operate and maintain life cycle; Grid-eXpandTM modular and prefabricated offshore and onshore grid connections that make it faster, simpler and more efficient to connect facilities to the grid; OceaniQTM solutions such as transformers and high-voltage products that can operate flawlessly on land, offshore and below the sea surface; and grid automation solutions that keep onshore and offshore electrical assets operating reliably, safely and securely.Hitachi Energy's HVDC solution combines world-leading expertise in HVDC converter valves; the MACH digital control platform(1), converter power transformers and high-voltage switchgear; as well as system studies, design and engineering, supply, installation supervision and commissioning.HVDC Light is a voltage source converter technology developed by Hitachi Energy. It is the preferred technology for many grid applications, including interconnecting countries, integrating renewables and "power-from-shore" connections to offshore production facilities. HVDC Light's defining features include uniquely compact converter stations and exceptionally low electrical losses.Hitachi Energy pioneered commercial HVDC technology almost 70 years ago and has delivered more than half of the world's HVDC projects.(1) Modular Advanced Control for HVDC (MACH)HVDC website: www.hitachienergy.com/offering/product-and-system/hvdcAbout Hitachi Energy Ltd.Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world's energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 40,000 people in 90 countries and generate business volumes of approximately $10 billion USD.www.hitachienergy.comwww.linkedin.com/company/hitachienergyhttps://twitter.com/HitachiEnergyAbout Hitachi, Ltd.Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company's consolidated revenues for fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billion yen ($84,136 million USD), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company's website at www.hitachi.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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PLN has successfully reduced 32 million metric tons of carbon emission in 2022 ACN Newswire

PLN has successfully reduced 32 million metric tons of carbon emission in 2022

November 9, 2022
Sharm El Sheikh, Egypt, Nov 9, 2022 - (ACN Newswire via SEAPRWire.com) - PT PLN (Persero) has succeeded in reducing 32 million metric ton GHG carbon emission in 2022 (as of September 2022). This achievement was delivered by President Director of PLN, Darmawan Prasodjo on Decarbonizing Energy Sector for Net Zero Indonesia Pavilion agenda at COP 27 held in Egypt on Monday (7/11).President Director of PLN, Darmawan Prasodjo"I'm proud to say here that we have succeeded to reduce 32 million metric tons CO2 emission in 2022, surpassing our nationally determined contribution (NDC) target," said Darmawan.He explained, to achieve this, PLN conducted a holistic approach to decarbonize its business including expanding renewable energy capacity for power generation, utilizing heat waste from gas plants to generate electricity, using more efficient Coal Fired Power Plants, and implementing biomass co-firing to reduce coal use."We are doing our best and moving as far as we can. Last year, 13 gigawatts (GW) of planned Coal Fired Power Plants was taken out from our business plan, hence we spared 1.8 billion metric tons CO2 emission for the next 25 years," he said.Darmawan acknowledges those efforts are not enough, and PLN will continue to add more renewables from solar, geothermal, hydro, to ocean wave energy to the power system."We are aggressively increasing renewables capacity, and we are looking to maximize the utilization of renewable energy potential in the country. Along with that, we also need to implement the supporting technology to accommodate supply-demand fluctuation for the new system" he adds.To achieve the NZE target in 2060, PLN runs a holistic approach through 8 initiatives. These initiatives consist of early retirement of coal power plant, additional renewable energy, green energy as-a-service, biomass co-firing, hydrogen and ammonia co-firing pilot project, carbon capture and storage, smart grid control system, and electric vehicle ecosystem.Darmawan emphasizes that the global climate change is our collective challenge. Therefore, we need a joint strategy and collaboration from all over the world to develop the supporting technology, innovation and investment to ensure we are on the right pathway to net zero emission."Our paradigm needs to change. The only way is through collaboration".Contact:Gregorius Adi TriantoExecutive Vice President of Corporate Communications and TJSL PLNT: 0217261122Source: PT. Perusahaan Listrik Negara (Persero) [IDX: PLN] Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Pertamina develops green business to support emission reduction ACN Newswire

Pertamina develops green business to support emission reduction

November 9, 2022
JAKARTA, Nov 9, 2022 - (ACN Newswire via SEAPRWire.com) - State-owned energy company PT Pertamina develops a number of green business initiatives to support Indonesia's goal to achieve net zero emission by 2060.CEO of PT Pertamina Power Indonesia Dannif Danusaputro (ANTARA/HO-Humas PT Pertamina)The company has been investing in biofuels, renewable energy, carbon capture, utilization and storage, battery and electric vehicles, hydrogen as well as the carbon business."Pertamina is committed to supporting the Indonesia government's commitment to achieve net zero by 2060 or sooner. Therefore, our business strategy consists of two pillars, namely decarbonizing our core business and developing a green business," CEO of Pertamina Power Indonesia Dannif Danusaputro stated at the Indonesia Pavilion at COP27 in Sharm El Sheikh, Egypt, on Sunday (November 6).He explained that Pertamina committed to allocating 14 percent of the projected 2022-2060 capital expenditure of US$70-80 billion US for the development of clean, new and renewable energy (NRE).This commitment is in line with efforts to use domestic resources to supply domestic energy towards green development and decarbonization.Pertamina also builds an integrated oil and gas supply chain to supply domestic needs and actively builds NRE portfolio using domestic resources.The company will develop a greener energy mix by reducing the share of refined products and LPG from 81 percent to 61 percent, increasing the share of gas from three percent to 19 percent and increasing the share of NRE from one percent to 17 percent.Considering a large investment required for the development of green business and clean technology to support the energy transition, Pertamina cooperates with national and global partners to explore partnerships in decarbonization programs, green businesses as well as accelerate the growth of EBT to achieve net zero emissions.Banks can also invest in these green business initiatives.The affordability of the clean energy transition will depend on reducing costs and increasing the availability of capital," Danusaputro said.In order to support the energy transition in Indonesia, Pertamina is also optimizing the potential and increasing the installed capacity of NRE where the company has pioneered the use of NRE in Indonesia with a total capacity of 60 GW by 2060.Pertamina will also commercialize green and blue hydrogen and take a strategic role in Indonesia's integrated battery and energy storage ecosystem through the development of the battery-powered electric vehicle industry in collaboration with several state-owned companies.In addition, Pertamina is making efforts to increase refinery capacity to produce green fuel. Through several processes at the green refinery, Pertamina produces high-quality and more environmentally friendly fuel derived from palm oil including biodiesel, green diesel, green avtur and green gasoline.Contact: Fajriyah Usman, VP Corporate Communications, PT Pertamina (Persero)M: +62 858 8330 8686, Email: fajriyah.usman@pertamina.com, URL: https://www.pertamina.comWritten by: Yashinta Difa Pramudyani, Editor: Fardah Assegaf (c) ANTARA 2022 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Green business to reduce 26 million tons of CO2 by 2060: Pertamina ACN Newswire

Green business to reduce 26 million tons of CO2 by 2060: Pertamina

November 7, 2022
JAKARTA, Nov 7, 2022 - (ACN Newswire via SEAPRWire.com) - Pertamina is expecting its green business of new and renewable energy (NRE) to be able to meet its target of reducing 26 million tons of CO2 by 2060, higher than its 2030 target of 11 million tons of CO2 reduction."Pertamina targets New Renewable Energy (NRE) capacity to reach 60GW from solar, hydro, wind power and geothermal, to be able to meet 15 percent market share in 2060," the company's President Director and CEO Nicke Widyawati said in a panel discussion of COP27 in Sharm El Sheikh, Egypt, on Sunday (November 6).It also has a battery production capacity of up to 80 GWh, and sales of 800,000 two-wheel electric vehicles with 1.5 TWh charging station in 2060, as well as an increase in hydrogen energy with an optimal capacity of 3 MTPA.Through the development of the green refinery, Pertamina is committed to increasing the production capacity of biofuels from the current 3,000 bpd to 200,000 bpd in 2060 by focusing on hydrotreated vegetable oil (HVO) and hydro-processed esters and fatty acids (HEFA)."We are also targeting to be able to produce up to 600,000 bpd of B30 and A20 by 2060," Widyawati noted.Considering Indonesia's potential for large carbon capture storage which is estimated to reach about 80 gigatonnes to 400 gigatonnes of C02, Pertamina is eyeing such potential to be a new business of oil and gas."And the majority (of carbon capture storage) are onshore, so we have a competitive advantage compared to other countries in the region," she concluded.Watch the video, A World Class Energy Company, at: https://youtu.be/IIflZaKvaag At the United Nations Climate Change Conference or COP27 Sharm El-Sheikh, Indonesia voiced various actions, strategies, innovations and achievements as a concrete manifestation of leading climate action to prevent global temperature increases.Through soft diplomacy, the Pavilion Indonesia displays the policies and concrete results of previous work, as well as paving the way for future climate ambitions together with relevant parties."Multilateral, collective and integrated action is needed as the only way to overcome a real global threat. We must maintain the spirit of collaboration at COP27," Indonesian Environment and Forestry Minister Siti Nurbaya stated in her speech at the opening of the Pavilion Indonesia during the COP27 in Sharm El-Sheikh, Sunday.In recent decades, governments have shared climate change responsibilities with academia, business, civil society organizations and others.However, the practice of climate change mitigation and adaptation sometimes experiences challenges and limitations, such as the decision-making process influenced by politics as well as disputes due to the priority interests of socio-economy and environment."Sometimes this becomes a paradox, a form of discrepancy in social relevance, so that policies are less effective into action. Therefore, joint action on climate change requires leaders to guide action," Nurbaya said.Under the theme of Stronger Climate Actions Together, Pavilion Indonesia reflects the mission carried out by Indonesian delegation to take urgent action in combating climate change and its impacts, as mandated by goal number 13 of the Sustainable Development Goals (SDGs).Watch the video, A World Class Energy Company, at: https://youtu.be/IIflZaKvaag Contact: Fajriyah Usman, VP Corporate Communications, PT Pertamina (Persero)M: +62 858 8330 8686, Email: fajriyah.usman@pertamina.com, URL: https://www.pertamina.comWritten by: Yashinta Difa Pramudyani, Editor: Fardah Assegaf (c) ANTARA 2022 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Hitachi Energy provides highly secure, always-on connectivity to enable grid modernization and advanced smart city applications JCN Newswire

Hitachi Energy provides highly secure, always-on connectivity to enable grid modernization and advanced smart city applications

November 3, 2022
ZURICH, SWITZERLAND, Nov 3, 2022 - (JCN Newswire via SEAPRWire.com) - Hitachi Energy introduced the TRO610 cellular router that provides state-of-the-art communications and cybersecurity, purpose-built to support industrial internet of things (IIoT) applications for utilities, smart cities, oil & gas, manufacturing, and mining operations. The TRO610 is part of Hitachi Energy's wireless communication portfolio(1) of high availability, high reliability, high throughput, and low latency products to future-proof mission-critical industrial and utility operations.TRO610 cellular routerAs intelligent field devices permeate across power distribution networks, the TRO610 provides greater efficiency by enabling a wider variety of edge compute applications. With advanced capabilities like edge computing and multiple secure connectivity options, the TRO610 lays the foundation for grid modernization and future grid applications."Advanced connectivity options play a significant role as utilities and industries increasingly adopt technology solutions either on-premise or via the cloud to digitalize and improve operations in an environmentally sustainable manner," said Massimo Danieli, Managing Director of the Grid Automation business unit at Hitachi Energy. He added, "The TRO610 increases asset and application visibility in the field, enabling greater grid stability, new customer services, and a reduced total cost of ownership.""The compact and ruggedized form factor of the TRO610 provides communication to a wide range of existing and future 'smart city' services, including transportation, water, and wastewater management, energy transmission and distribution," said Jim Frazer, Vice President, Smart Cities at leading technology research and advisory firm ARC Advisory Group. He added, "The TRO610's edge compute capability, state-of-the-art cybersecurity, Bluetooth connectivity option, industry standards compliance, and always-on cellular connectivity make it ideal for public agency applications as well as utility, petrochemical, and discrete manufacturing ecosystems." The TRO610 is a small form-factor and economical router that's ruggedized for operations in harsh environments. It provides an edge-compute platform to host custom applications and a Bluetooth option for sensor data connectivity.In line with the 3GPP(2)(3rd Generation Partnership Project) specification, the TRO610 operates on both public and private 3G, 4G, and 5G cellular networks across multiple frequencies, including CBRS (Citizens Broadband Radio Service), AnterixTM, 410Mz, and 450MHz. The device is ideal for utility applications, especially power distribution networks, through its compliance and certification for IEEE 1613 and IEC 61850 standards.The TRO610 can be easily managed through Hitachi Energy's Supros unified network management and monitoring system. Supros simplifies installation with the low-touch deployment of wireless devices and remote terminal units (RTU) and supports over- the-air firmware updates.The TRO610 supports a host of modern smart city applications such as EV charging stations, environmental health monitoring, traffic management, and public safety. For electric utilities, the TRO610 compliments Hitachi Energy's solutions for battery storage monitoring, circuit breakers, reclosers, voltage monitors, and secondary substation monitoring, among others. It provides always-on cellular connectivity to field area networks (FAN) that underpin energy management applications and utilities' distribution network operations.In industries like oil & gas and mining, the TRO610 enables remote monitoring of assets like wellheads, storage tanks, pipeline infrastructure, sensors, mining vehicles, and other unmanned transportation in rural and remote areas under harsh conditions.The Tropos TRO600 series wireless portfolio comprises a range of products that offer the best cellular and self-healing broadband mesh technologies. This includes the TRO620(3) hybrid router that combines cellular communication technology with Hitachi Energy's patented broadband mesh functionality and edge compute capability.(1) Wireless Networks | Hitachi Energy(2) 3GPP: The 3rd Generation Partnership Project (3GPP) is an umbrella term for a number of standards organizations that develop protocols for mobile telecommunications.(3) TRO620 | Hitachi EnergyAbout Hitachi Energy Ltd.Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world's energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 40,000 people in 90 countries and generate business volumes of approximately $10 billion USD.www.hitachienergy.comwww.linkedin.com/company/hitachienergyhttps://twitter.com/HitachiEnergy About Hitachi, Ltd.Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company's consolidated revenues for fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billion yen ($84,136 million USD), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company's website at www.hitachi.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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Long list achievement of PLN enabling energy transition in Indonesia ACN Newswire

Long list achievement of PLN enabling energy transition in Indonesia

November 2, 2022
JAKARTA, Nov 2, 2022 - (ACN Newswire via SEAPRWire.com) - PT PLN (Persero) committed to achieve net zero emission in 2060. To date, several positive achievements has been taken as an effort to support clean energy.President Director PLN Darmawan Prasodjo explained, PLN has launched a CFPP (PLTU) retirement roadmap of 6.7 Gigawatt (GW), which consists of 3.2 GW natural retirement based on the economic life of Coal Fired Power Plant and 3.5 GW conditional early retirement in 2040.In addition to early retirement, PLN has decreased the capacity of CFPP at Corporate plan (RUPTL) from 27 GW to 13.9 GW. "Us, in PLN committed to support government's program to actualized clean energy. By that, PLN takes a quick step." said Darmawan on Energy Transition Day in Nusa Dua, Bali on Tuesday (1/11).One of PLN's efforts to decrease coal usage on its power plant is to implement biomass co-firing. This scheme has been implemented at 33 coal fired power plants since 2021, which have successfully reduced 656 kton CO2 emission (as of September 2022).Co-firing scheme with hydrogen and ammonia are also in process of implementation. Currently there are 3 pilot project of co-firing hydrogen and ammonia with 3 different partnerships.PLN is also looking to study the possibility of impelementing Carbon Capture and Storage (CCS) to enable emission abatemement in thermal power plants. In this development, PLN collaborate with 3 partners namely: Institut Teknologi Bandung (ITB), Inpex and Medco Energi.PLN also accelerate the new and renewable (NRE) power plant development. In the RUPTL 2021-2030, PLN has planned an additional NRE capacity of 20.9 GW - equal to 51.6 percent of total new power plant capacity.To increase system efficiency, PLN is developing Smart Grid technology. This system will increase efficiency in the power generation, transmission and distribution, hence reducing emission through digitalization in every PLN business process line.Furthermore, PLN alao enables stakeholder to decarbonize their Scope 2 emissions through Green Energy as-a-service offering, which consists of Green Energy dedicated from specific renewables plant as well as Renewable Energy Certificate (REC). Since 2021, PLN has delivered ~1.5 TWh of green energy to +230 stakeholders such as SOEs, Government, Business, and Industry players.Moreover, PLN continues to develop the electric vehicle (EV) ecosystem to allow decarbonization of the transport sector. PLN has developed 240 Public Charging Stations (SPKLU) nationally. PLN has also onboarded 15 partners into PLN's EV ecosystem, ready to collaborate in accelerating the charging infrastructure expansion."The hard work that PLN doing today is not solely for this generation, but also for our grandchild's generation. Therefore, PLN invites all parties to collaborate in this energy transition." Said Darmawan. About PLNPT PLN (Persero) is a state-owned electricity company that continues to commit and innovate to carry out a great mission to illuminate and move the country. Having a vision to become a leading power company in Southeast Asia, PLN is moving to be the customer's number 1 choice for Energy Solutions. PLN carries the Transformation agenda with the aspirations of Green, Lean, Innovative, and Customer Focused to bring electricity for a Better Life. PLN can be contacted through the PLN Mobile application available on the PlayStore or AppStore. https://web.pln.co.id/ Contact:Gregorius Adi TriantoExecutive Vice President of Corporate Communications and TJSL PLNTEL: 021 7261122 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Toyota: Construction and Launch of a Large-capacity Sweep Energy Storage System from Reused Electrified Vehicle Batteries Connected to the Electrical Power Grid JCN Newswire

Toyota: Construction and Launch of a Large-capacity Sweep Energy Storage System from Reused Electrified Vehicle Batteries Connected to the Electrical Power Grid

October 27, 2022
Toyota City, Japan, Oct 27, 2022 - (JCN Newswire via SEAPRWire.com) - JERA Co., Inc. (JERA) and Toyota Motor Corporation (Toyota) announce the construction and launch of the world's first (as of writing, according to Toyota's investigations) large-capacity Sweep Energy Storage System. The system was built using batteries reclaimed from electrified vehicles (HEV, PHEV, BEV, FCEV) and is connected to the consumer electrical power grid. It begins operation today.In the future, demand for storage batteries is expected to grow as they become necessary supply-stabilizing tools when expanding renewable energy in the movement toward CO2 emissions reduction, a vital part of achieving carbon neutrality. At the same time, limited supplies of battery materials including cobalt and lithium, mean there is an ongoing need for environmentally conscious initiatives, such as reclaiming used electrified vehicle batteries for effective use as storage batteries. In response, JERA and Toyota began discussions in 2018 to establish battery reuse technologies, which eventually led to this large-capacity, grid-connected Sweep Energy Storage System.Toyota's new storage system is equipped with a function called sweep, which allows the use of reclaimed vehicle batteries, which have significant differences in performance and capacity, to their full capacity regardless of their level of deterioration. The sweep function, developed by Toyota Central R&D Labs, Inc., is a device that can freely control energy discharge by switching electricity flow on and off (bypassing) through series-connected batteries in microseconds.Furthermore, the sweep function also enables direct AC output from the batteries, while reusing onboard inverters eliminate the need for a power conditioner (PCS). That contributes to reducing costs and helps avoid power loss when converting from AC to DC by PCS, with the aim of improving effective energy use.The project plans to operate grid storage batteries for recharge and discharge operations, connected to the Chubu Electric Power Grid Co., Inc. power distribution system from a facility (see below(1)) at JERA's Yokkaichi Thermal Power Station. JERA and Toyota aim to introduce approximately 100,000 kWh of supplied electricity in the mid-2020s, thereby not only reducing the overall cost of the energy storage system, but also contributing to reduction of CO2 emissions.(1) Selected by Japan's Ministry of the Environment to conduct an "FY2022 Project for Early Social Implementation of a Decarbonized Metal Recycling System."In addition, JERA is developing a low environmental impact process for recycling lithium-ion batteries for electrified vehicles(2), which Toyota plans to support by leveraging the expertise and knowledge it has accumulated through its battery recycling initiatives to date. By collecting used batteries and reusing resources, both companies hope to accelerate their efforts toward achieving a resource-recycling society.(2) JERA and Sumitomo Chemical Start a Demonstration Project to Develop a Low Environmental Impact Recycling Process for Electric Vehicle Lithium-ion Batteries (JERA Press Release, April 19, 2022)JERA will continue to work proactively not only within the energy industry but also with leading companies in Japan and overseas to develop technologies such as battery storage systems and services that contribute to optimal energy utilization toward achieving a decarbonized and resource-recycling society.Toyota actively promotes electrified vehicle adoption and pursues effective battery use, including electrified vehicle battery reuse, for the development of social infrastructure that will support the widespread adoption of electrified vehicles, expand the use of renewable energy, and promote resource recycling toward achieving carbon neutrality. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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Samaiden Group Signs Partnership Agreement with Taiwan-based Monitoring Solution Provider Thingnario ACN Newswire

Samaiden Group Signs Partnership Agreement with Taiwan-based Monitoring Solution Provider Thingnario

October 14, 2022
PETALING JAYA, Malaysia, Oct 14, 2022 - (ACN Newswire via SEAPRWire.com) - Samaiden Group Berhad (Bursa: SAMAIDEN, 0223), a clean energy solution specialist principally involved in engineering, procurement, construction, and commissioning (EPCC) of solar photovoltaic (PV) systems and power, is pleased to announce that the Group's wholly-owned subsidiary, Samaiden Sdn Bhd, has signed a partnership agreement with Thingnario Ltd. today, to explore the opportunity in providing telemetry monitoring system support to the Renewable Energy (RE) as well as the Energy Efficiency (EE) businesses of Samaiden Group within Malaysia.Mr. Fong Yeng Foon，Executive Director of Samaiden Group Berhad; IR Chow Pui Hee, Group Managing Director of Samaiden Group Berhad; Mr. Andy Hong Min Ping, Regional Manager, South Asia, of Thingnario Ltd; Mr. Lin Han Ting, Regional Manager, South Asia, of Thingnario Ltd [L-R]Artificial Intelligence (AI) based system provider, Thingnario, is a company founded in 2016 and headquartered in Taipei, Taiwan. It owns the "Photon" intelligent solar monitoring system that has successfully served 3,500 sites with an aggregate capacity of 1.5GW across 10 countries in 2022.Group Managing Director of Samaiden, Ir. Chow Pui Hee said, "We're looking forward to the collaboration with Thingnario for the excellence it gives to our Operation and Maintenance (O&M) works. As part of the Group's digitalisation plan, we strongly believe the support from Thingnario can facilitate our transformation in this area smoothly. We're very optimistic that we can provide effective and efficient solutions to our customers for performance optimisation and improve their return of investment."Chief Operating Officer of Thingnario, William Kao said, "We are looking forward to working with Samaiden to provide businesses with a technology that can help them manage plant operations and maintenance more efficiently without the hassle. More importantly, we are confident that our software will play a vital role in addressing Samaiden's needs in a world where AI, Internet of Things and machine learning is assisting in every aspect of business and life."In order to align the direction of the Group, Samaiden recently launched the Samaiden Energy Efficiency Solutions named "SEE" Solutions in conjunction with the International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM) event held from 12-14 October 2022 at KLCC Convention Centre as the Group embarks on its Energy Efficiency business. SEE Solutions is a program mainly focusing on energy saving measures to reduce the electricity consumption by the commercial & industrial owners. SEE Solutions consists of two pillars of solutions which are Energy Assessment and Energy Optimisation. The purpose is to assist business owners to identify the major and minor consumption in their premises. By unlocking the awareness on energy consumption, the potential energy savings in premises will also be unlocked via implementation of the SEE Solutions.Samaiden Group Berhad: 0223 [BURSA: SAMAIDEN], https://samaiden.com.my/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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CALB’s listing on the Hong Kong Stock Exchange makes it a premium target with outstanding high growth certainty on the gold track

October 6, 2022
HONG KONG, Oct 6, 2022 - (ACN Newswire via SEAPRWire.com) - On October 6, CALB Co., Ltd. (3931.HK), a giant in the EV battery industry, was officially listed on the Hong Kong Stock Exchange and became the first new energy EV battery enterprise in Hong Kong. During the offering period, the first day of the international placement of CALB has realised oversubscription. In addition, the IPO of CALB also attracted 15 cornerstone companies, including Tianqi Lithium (002466.SZ), Han's Laser Technology (002008.SZ), XPeng-W (09868.HK) and vivo, to subscribe for more than 40% of the global offering shares, almost covering the entire new energy vehicle industry chain, which fully proves that the industrial capital is optimistic about the development prospects of CALB.The high level of prosperity of the industry will continue, and the short-term adjustment will not change the long-term trendFrom the industry level, with the establishment of the dominant position of new energy development in several major global economies, the global new energy vehicle market has grown at a high speed and the penetration rate has continued to increase. According to Frost & Sullivan, the global sales volume of NEVs increased from 1,162.1 thousand units in 2017 to 6,201.2 thousand units in 2021. Global NEV sales are expected to grow at a CAGR of 24.3% from 2021 to 2026, and the global NEV penetration is expected to reach 30.1% by 2026.Benefiting from the growth of the global NEV market, the automotive industry in various countries has a high demand for power batteries, and the EV battery market has grown steadily. The global EV battery installed capacity is expected to grow at a CAGR of 33.8% from 2022 to 2026 and reach 1,386.7 GWh in 2026. Among them, as the world's largest EV battery market, with the rapid growth of NEV penetration rate, the healthy development of the industrial chain and the effective control of the pandemic, China's EV battery installed capacity is expected to reach 762.0 GWh in 2026 with a CAGR of 34.9% from 2022 to 2026.Therefore, the high level of prosperity of the NEV industry chain is still continuing, and the current adjustment of the new energy sector is not due to changes in fundamentals, but a correction of excessive short-term growth. In the long run, the development of new energy is the trend of the times. After a short-term restructuring, the subsequent performance is worth looking forward to.Excellent leaders promote the accelerated growth of enterprises, and equity diversification contributes to long-term developmentAs a leader in the EV battery industry, CALB has an excellent leader to lead the Company through the time cycle and achieve long-term sustainable development. Liu Jingyu, the Chairwoman of the Company, has her unique understanding and insight into the market and has excellent "cognitive power". The focus on passenger vehicles implemented by CALB in 2018, the restart of commercial vehicles in 2019, and the re-launch of passenger vehicles and energy storage in 2020 are all based on a thorough understanding of the market through full market and customer research, and accurate judgement after a full understanding of the market. Unique strategic vision determines the correct direction of the Company; a keen insight into the market determines the right goals for the Company; a deep understanding of technology determines the right course for the Company; the overall control of production determines the correct layout of the Company.Under its strong leadership, CALB's technology iteration has always led the industry's development, its product strength has been continuously enhanced, and its market share has continued to expand. According to Frost & Sullivan, in terms of installed capacity in the first quarter of 2022, CALB ranked second among third-party EV battery companies in the PRC and fifth globally among the third-party EV battery companies. At the same time, the Company's revenue increased by 63.0% from RMB1,733.8 million in 2019 to RMB2,825.4 million in 2020, and increased significantly by 141.3% to RMB6,817.1 million in 2021. In the first quarter of 2022, the Company's revenue was RMB3,897.1 million, with a year-on-year increase of 266.5%.At present, CALB is a joint-stock enterprise with diversified equity, high marketization, independent management and equity incentive. Through CALB's business decisions and capacity layout in recent years, it can be seen that the management of the Company can make decisions quickly according to the market demand and changes, and implement them quickly to match the market demand. It is believed that after the listing, the vitality of CALB will be further stimulated, and the subsequent market performance is more worthy of expectation. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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SEA Solar & Energy Storage Leaders to Gather in Thailand ACN Newswire

SEA Solar & Energy Storage Leaders to Gather in Thailand

October 3, 2022
BANGKOK, THAILAND, Oct 3, 2022 - (ACN Newswire via SEAPRWire.com) - SEA's 2025 target to have 35% of total power capacity from renewable energy sources is expected to be supported by the strong solar and Energy Storage sector growth. How exactly should the quota availability be matched?Energy Box are organizing Solar Energy Storage Congress SEA scheduled on December 6, 2022.The congress will invite the ASEAN government, local power companies, leading companies with the most development experience, qualifications and investment intentions in SEA, and 600+ professionals to share SEA's solar and Energy Storage project development strategies, and jointly analyze the future development of solar and Energy Storage markets. Including cutting-edge trends in its new energy market.Event details:Place: Bangkok, ThailandEvent access: www.energy-box.com/congress-sea-2022Event Agenda: Honored Speakers (confirmed/inviting)1. Patana Sangsriroujana , Deputy Governor, EGAT2. Mark Hutchinson ，Chair, Southeast Asia Task Force at Global Wind Energy Council (GWEC)3. Diala Hawila-Programme Officer at International Renewable Energy Agency (IRENA)4. Pimpa Limthongkul，President at Thailand Energy Storage Association5. Ramesh Subramaniam Director General, Southeast Asia Department at Asian Development Bank (ADB)6. Buranin Rattanasombat Executive Vice president at PTT Company Limited7. Thomas Leonard, Senior Energy Markets & Technology Consultant, DNV8. Busarin Premasathira, Renewable Energy Project Leader, B.Grimm9. Somruedee Somphong，Banpu CEO • Sustainable energy for Asia10. Bundit SAPIANCHAI，CEO , BCPG11. Thanatis (Pock) T.，AVP - Finance & Strategic Planning , Thai Solar Energy Co.,Ltd.12. Yalim Ozilhan, Southeast Asia Director, EDF Renewables13. Surachet Chaipatamanont，Vice Chairman & Executive Director , Prime Road Power14. Ernesto Rúa García, Head of Renewables, ENGIE South East Asia15. Somruedee Somphong，Banpu CEO • Sustainable energy for Asia16. Tor Pramoj, Managing Director at BayWa r.e. (Thailand) Co., Ltd.17. J Prachitpol Himathongkam , Deputy CEO , SPCG Public Company Limited18. Fabien Chedefaux，Country Head (Thailand) , LYS Energy Group19. Antoine CROIZE, Sales Manager, South-East Asia and Taiwan , Vestas20. Deepak Maloo , Regional Sales Leader - APAC，GE Renewable Energy21. Sumet Tepkhom， Director of International Power Business Development at WHA Utilities and Power Public Company Limited22. Joseph Tomkiewicz, Partner at Tilleke & Gibbins,Co-Chair Energy Industry Team, Tilleke & Gibbins23. Moritz Nicolai Sticher, Senior Advisor, Apricum , The Cleantech Advisory24. Thaweesak Boonyong，Project Manager , Gulf Energy Development Public Company Limited25. Harsh Dash ，Renewable Energy , CleanMax26. Bhargab Mohan Das， Managing Director & CEO at Christiani & Nielsen Energy Solutions Co., Ltd.27. Ir. Pui Hee Chow, Group Managing Director, Samaiden Group Berhad Sdn Bhd28. Twarath Sutabutr，Energy Ecosystem Expert ,REEEP29. Som Hemvej ，RE Engineer and Consultant - Thailand, Malaysia and Vietnam, ALTERVIM30. PIYA PHONGTONGPASUK, Business Development Manager , Absolute Clean Energy Public Company LimitedEnergy Box IntroEnergy Box is one of the largest vertical international media companies, dedicated to renewable energy(solar, wind, energy storage, green hydrogen).Business: Pan Europe, Africa & Middle Eats, LATAM and Asia. Currently we have had 40+ events , sales consulting, projects development, financing, meetings, interviews and peer to peer services.- Daily Emailings: 100,000+ - Social Media Blasts: 2 million impressions( Globally)Energy Box Linedin: www.linkedin.com/company/energyboxexpo/mycompany/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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BayWa r.e. Eyes Expansion of Standalone Power Systems in Australia ACN Newswire

BayWa r.e. Eyes Expansion of Standalone Power Systems in Australia

September 29, 2022
PERTH, W AUSTRALIA, Sep 29, 2022 - (ACN Newswire via SEAPRWire.com) - BayWa r.e., the global energy developer, service provider, and distributor, is looking to expand its offering on Standalone Power Systems (SPS) to more regions in the State of Western Australia, and in the future, nationally, to different market sectors that require remote or standalone power.This follows the company's success in providing SPS to farming, mining, business communities and homeowners in parts of rural Western Australia at the beginning of 2018, who have greatly benefited from this innovative and cost-effective power source.According to Western Power, the state owned corporation responsible for providing electricity in Western Australia, Western Australia has one of the largest isolated electricity networks in the world, and the provision of SPS at several sites in rural Western Australia in a trial exercise, helped ensure that the customers received adequate power supply.Mr. Durmus Yildiz, Managing Director at BayWa r.e. Solar Systems Australia said "We are proud to be a part of powering the remote communities in the State of Western Australia and to be able to put our expertise in energy solutions to benefit the greater community. Through our network of trusted and capable off-grid installers, whom we work with to design and build such SPS. This has enabled BayWa r.e. to cater to different customers, depending on factors such as their required size of the system, location, or customer preference."These SPS operate independently off the grid and supply continuous power 24 hours a day, using a mix of solar and battery storage and backup generation. It is by far one of the most efficient local energy solutions that allows customers and the wider community in these remote areas to access a steady supply of electricity.BayWa r.e. expansion plans for its offering of SPS include tapping into other regions in Western Australia, namely, the Kimberley and Pilbara as well as regions in the other states of the country such as the Northern Territory and Queensland. This vision of providing SPS nation-wide is part of BayWa r.e. 's commitment to aid Australia's energy transition processes.This is in line with the country's climate goal to reach net-zero emissions by 2050, which would require a rapid construction of an electricity grid running almost 100 percent on renewable energy.Some benefits of SPS includes serving as a safe and reliable source, maximised efficiency via clean energy storage, reduction in electricity costs, flexibility for communities to place systems where it is needed, and integrated system monitoring for improved maintenance."SPS is a clear choice for remote areas, agricultural and mining sectors. It is a reliable and cost-effective energy solution that can power up these communities in the interim as the country continues to expand and improve its electricity grid. We are also confident that through BayWa r.e.'s technical expertise and product knowledge in renewable energy, that new design elements will be implemented to these systems, to further contribute to the state and country's transition towards net-zero emissions," continued Mr. Yildiz.BayWa r.e. has been operating in Australia since 2016, after transitioning from existing solar wholesaling business Solarmatrix. The Projects team entered the Australian market through the acquisition and subsequent development of the Hughenden Solar Farm in Northern Queensland. The Wind Projects team was established through the acquisition of a local developer, Future Energy, and its project pipeline. In total, BayWa r.e. has delivered seven utility scale wind and solar assets in Australia, including the 112 MW Karadoc and the 106 MW Yatpool solar farms near Mildura in Victoria.BayWa r.e. AG (BayWa r.e.)At BayWa r.e. we r.e.think energy - how it is produced, stored and can be best used to enable the global renewable energy transition that is essential to the future of our planet.We are a leading global developer, service supplier, distributor and solutions provider and have brought over 4.5GW of energy online and manage over 10GW of assets. We are also an Independent Power Producer with an expanding energy trading business.BayWa r.e. works with businesses worldwide to provide tailored renewable solutions. Operating 100% carbon neutral, we are also committed to our own sustainability journey.Every day, we are working hard to actively shape the future of energy in a diverse, equitable and inclusive workplace.Our shareholders are BayWa AG, a EUR19.8 billion global business, and Energy Infrastructure Partners, a leader in energy infrastructure investment. Visit https://www.baywa-re.com/en/.Contact information:PRecious Communications for BayWa r.e. AGDaniel TanTel: +65 6303 0567E-mail: baywa-re@preciouscomms.com BayWa r.e. AGSalim PathanMarketing Manager, APACTel: +66 62 698 7162E-mail: salim.pathan@baywa-re.comMark CooperCorporate Communications Tel: +49 89 383932 3611E-mail: mark.cooper@baywa-re.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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MHI and Institut Teknologi Bandung Launch Joint R&D for Ammonia-Fired Power Generation Using Gas Turbines in Indonesia JCN Newswire

MHI and Institut Teknologi Bandung Launch Joint R&D for Ammonia-Fired Power Generation Using Gas Turbines in Indonesia

September 28, 2022
TOKYO, Sep 28, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries, Ltd. (MHI) has concluded an agreement with Indonesia's Institut Teknologi Bandung (ITB) to conduct joint research and development of ammonia-fired power generation by gas turbine. MHI and ITB have already been undertaking joint research on a variety of clean energy solutions to help Indonesia achieve decarbonization. As part of that ongoing initiative, this new research will apply ITB's expertise in chemical reaction engineering to optimize power generation using ammonia fuel. Following demonstration testing with MHI's H-25 gas turbine, the R&D partners will work towards commercial application of ammonia-fired power generation in Indonesia.[Pictured from left to right] Junichiro Masada (Senior Fellow and Senior General Manager, Energy Transition Division/MHI), Prof. I Gede Wenten (Vice Rector/ITB) and Dr. Yuli Setyo Indartono (Chairman of Institute for Research and Community Services/ITB) at signing of agreement on Joint R&D for Ammonia-Fired Power Generation Using Gas Turbines in IndonesiaIn 2020, MHI and ITB concluded a memorandum of understanding (MOU) for joint research on next-generation clean energy solutions and analysis of big data relating to power plants. In February 2022, the two partners agreed to a five-year extension of the MOU, continuing the collaboration to develop technologies that will accelerate decarbonization in Indonesia. Now, under the same MOU, joint R&D on ammonia-fired power generation will be conducted using facilities at ITB, with three overarching aims: to promote technology development between Japan and Indonesia; to foster technological and personnel exchanges with ITB's educators and research team members; and to advance the adoption of clean energies in Indonesia.A signing ceremony for the new agreement took place in Tokyo on September 26 at the 2nd Asia Green Growth Partnership Ministerial Meeting (AGGPM), which was held under the auspices of Japan's Ministry of Economy, Trade and Industry (METI). ITB Vice Rector, Prof. I Gede Wenten, shared his thoughts on the new cooperative undertaking: "The energy transition plays an important role in reducing global greenhouse gas emissions, and in the long term, will affect the reduction of global warming or climate change. This research collaboration between ITB and MHI focuses on the use of NH3 in power generation, greater adoption of which will help reduce the use of coal. In the long term, production of NH3 will hopefully comprise more green NH3 that uses renewable energy. I hope this joint R&D will have a positive impact on efforts to make a sustainable energy transition."Junichiro Masada, Senior Fellow and Senior General Manager of MHI's Energy Transition Division, expressed his positive expectations of the project: "By combining MHI's extensive technological capabilities in power generation with ITB's profound, highly specialized expertise and strong knowledge of conditions in Indonesia, I am confident that truly innovative research in clean energy technologies will result from this collaboration. Working closely with ITB will surely give rise to new ideas and drive the energy transition in Indonesia forward."Under the 2020 MOU targeting decarbonization of Indonesia's energy sector concluded between MHI and ITB, an institution that has produced numerous distinguished members of Indonesia's governmental, academic and financial realms, joint feasibility studies have been performed not only on emerging energy sources such as hydrogen and ammonia, but also on air quality control systems (AQCS) and microgrid solutions. To train engineers who will contribute to Indonesia's future, MHI and ITB have also conducted joint lectures on topics ranging from big data analysis to biomass energy, integrated coal gasification combined cycle (IGCC) systems, hydrogen usage and AQCS development.The newly concluded MOU comes at a time when Indonesia is ramping up efforts to decarbonize its energy sector, demonstrated by its officially announced commitments to achieve 23% renewable energy use by 2025 and reduce the nation's greenhouse gas emissions by 29% by 2030. Going forward, MHI, with support from its power solutions brand, Mitsubishi Power, looks to make further contributions to Indonesia's scientific and technological development, as well as to stabilization of its power supplies and protection of its environment.About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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Olympus Launches THUNDERBEAT Energy Device for Open Surgery JCN Newswire

Olympus Launches THUNDERBEAT Energy Device for Open Surgery

September 28, 2022
TOKYO and CENTER VALLEY, PA., Sep 28, 2022 - (JCN Newswire via SEAPRWire.com) - Olympus Corporation (Olympus), a global medtech company committed to making people's lives healthier, safer, and more fulfilling, today announced the release of the THUNDERBEAT(TM) Open Fine Jaw Type X surgical energy devices for open surgery. With a new thermal shield, the THUNDERBEAT Open Fine Jaw Type X surgical energy device is designed to support safer procedures.[i] The device is available commercially in Japan. The commercial launch of the product in Europe, the U.S., and South Korea is expected in October 2022, with continued launches in other countries and regions following.This device is part of Olympus' THUNDERBEAT portfolio of hybrid energy devices that deliver both ultrasonic and bipolar energy simultaneously for tissue management, including hemostatic cutting and dissection, in laparoscopic surgery and open surgery. The THUNDERBEAT hybrid devices eliminate the need for multiple instruments during the surgery, contributing to efficiency in the operating room and reduced operation time.[ii]"This latest addition to our differentiated THUNDERBEAT line of products continues to deliver on Olympus' commitment to offering hospitals a full portfolio of Advanced Energy devices providing best-in-class functionality for numerous procedures and specialties in minimally invasive and open surgery," said Phil Roy, Global Vice President and General Manager of the Surgical Devices Business Unit.The THUNDERBEAT(TM) Open Fine Jaw Type X device is designed for open surgical procedures that require delicate and fine tissue dissection, such as in thyroidectomy or radical neck dissection. The new thermal shield improves the thermal profile on the grasping surface, which reduces the risk of unintended heat damage to nearby tissue, nerves and other structures.[i] The jaw design maintains a finely curved tip for precise dissection and enhanced visibility during use.[i] - New Thermal Shield Supports Safer Procedures The newly developed thermal shield at the distal tip slows heat transfer from the probe to the exterior surface of the jaw and reduces the risk of unintended heat damage to surrounding tissue and vessels.[i]- Fine Shape of Distal Tip Supports Precise ProceduresThe slim shape of the distal tip supports precise tissue management capabilities including fine dissection and firm grasping force, cutting and sealing to the tip of the device, and blunt dissection.[i]- Simultaneous Output of Two Energies Enables a Variety of Operations with One DeviceDelivering simultaneous bipolar and ultrasonic energy enables fast, hemostatic cutting, easy dissection, and reliable vessel sealing and division. A separate advanced bipolar[i] function enables vessel sealing and spot coagulation without cutting, when desired.The THUNDERBEAT(TM) Open Fine Jaw Type X device is a single use hybrid ultrasonic and bipolar electrosurgical instrument intended for use in open surgery. This device should not be used for tubal sterilization or tubal coagulation for sterilization procedures. Use with caution in patients with electronic implants, such as a cardiac pacemaker, or nerve simulators, to avoid possible hazard to patients due to interference. Before use, thoroughly review the product manual and use the equipment as instructed.The THUNDERBEAT Open Fine Jaw Type X device is manufactured by Olympus Medical Systems Corporation.About OlympusOlympus is passionate about creating customer-driven solutions for the medical, life sciences, and industrial equipment industries. For more than 100 years, Olympus has focused on making people's lives healthier, safer and more fulfilling by helping to detect, prevent, and treat disease; furthering scientific research; and ensuring public safety. In its Therapeutic Solutions business, Olympus uses innovative capabilities in medical technology, therapeutic intervention, and precision manufacturing to help healthcare professionals deliver diagnostic, therapeutic, and minimally invasive procedures to improve clinical outcomes, reduce overall costs, and enhance the quality of life for patients. Starting with its early contributions to the development of the polypectomy snare, Olympus' Therapeutic Solutions portfolio has grown to include a wide range of medical devices to help prevent, detect, and treat disease. For more information, visit www.olympus-global.com and follow our global Twitter account: @Olympus_Corp.[i] Data on file with Olympus as of May 11, 2020[ii] Data on file with Olympus as of June 26, 2015Media ContactsNatsuki Inoue - natsuki.inoue@olympus.comJessica Lee - jessica.yy.lee@fleishman.comOlympus Corp [TYO: 7733] [ADR: OCPNY] [GDR: OLYs] https://www.olympus-global.com Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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Keppel, MHI and DNV Sign Agreement to Explore Adoption of Ammonia-fired Gas Turbine on Jurong Island JCN Newswire

Keppel, MHI and DNV Sign Agreement to Explore Adoption of Ammonia-fired Gas Turbine on Jurong Island

September 28, 2022
TOKYO, Sep 28, 2022 - (JCN Newswire via SEAPRWire.com) - In a Memorandum of Understanding (MoU) signed yesterday, Keppel New Energy Pte Ltd, a wholly owned subsidiary of Keppel Infrastructure; Mitsubishi Heavy Industries, Ltd. (MHI); and DNV, a global independent energy expert and assurance provider, announced a strategic collaboration to explore the feasibility and implementation of an ammonia-fired gas turbine on Jurong Island, Singapore.Signing CeremonyThe MoU will see the three companies work together to perform a high-level Quantitative Risk Assessment to explore the use of 100% ammonia as a fuel for a gas turbine or combined cycle gas turbine (CCGT) - towards the potential development of an Ammonia Power Plant.Under the MoU, Keppel will study the feasibility of an ammonia fuelled power plant, while MHI, with support from its power solutions brand, Mitsubishi Power, will develop an ammonia-fired gas turbine that produces carbon-neutral power to pursue the expansion of the ammonia fuel supply chain in Singapore. Alongside this, DNV will lend its assurance and risk management expertise to prepare and present a QRA analysis on the project.Takao Tsukui, General Manager, International Sales and Marketing Department, GTCC Business Division, MHI, said: "Ammonia is a potential key component to building a hydrogen society. Mitsubishi Power has pioneered world-class gas turbine and hydrogen fuel combustion technologies for more than 50 years, and this MoU demonstrates our continued dedication to pursue cutting-edge solutions that can support the growing demand for electricity while transitioning towards a more sustainable energy future in Asia Pacific.""DNV is proud to use our well established advisory and hydrogen technical capabilities to provide quantitative risk assessment for this impactful project. We believe that ammonia-fired power generation can be an important step on the path to a more sustainable energy future. This MoU offers us an exciting opportunity to share our extensive industry experience to support this important contribution to Singapore's net zero and energy transition goals," said Brice Le Gallo, Vice President and Regional Director-Asia Pacific, Energy Systems, DNV.Ammonia has a higher volumetric density than hydrogen, making it easier for storage and distribution. It does not produce CO2 when fired and is an efficient hydrogen carrier. Its use as a fuel is a promising long-term energy solution for the transition to a zero-carbon energy value chain. The MoU aims to draw up robust assessment guidelines to ensure the safety and sustainability of ammonia as a clean fuel, while maintaining high efficiency and low NOx emissions for use in a gas turbine system for power generation.This agreement follows an announcement in August 2022 that Keppel Energy will develop Singapore's first hydrogen-ready power plant in the Sakra sector of Jurong Island, constructed by a consortium comprising Mitsubishi Power Asia Pacific and Jurong Engineering. A long-term service (LTS) contract for major maintenance of the turbine was also awarded to Mitsubishi Power. Keppel New Energy additionally signed a MoU with MHI to carry out a feasibility study on the development of a 100% ammonia-fueled power plant on a selected site in Singapore.Together, by embarking on this MoU, Keppel, MHI and DNV are demonstrating their commitment to accelerate the decarbonization of energy to create a pathway to a net zero future.About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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