- With over 184,000 attendees from 160 countries, ADIPEC 2023 was the most commercially successful edition to date
- Several deals directly advance global decarbonisation goals through innovative clean technology solutions and collaborative projects
- The event delivered over US$350 million in economic benefits for the UAE economy in hospitality, tourism, and travel-related business
- ADIPEC 2023 brought together over 2,200 exhibiting companies and 16,500 delegates under the theme of ‘Decarbonising. Faster. Together.’
ABU DHABI, UAE, Nov. 14, 2023 /PRNewswire/ — ADIPEC 2023 was the most commercially successful edition in the event’s nearly 40-year history, generating US$8.8 billion in business for the global energy industry, as well as delivering over US$350 million in event-related business to the United Arab Emirates (UAE) economy.
ADIPEC 2023, which took place in Abu Dhabi from 2-5 October, under the theme of Decarbonising. Faster. Together., convened global energy leaders and leading voices from across the energy ecosystem to accelerate urgent, collective action and game-changing solutions to decarbonise quicker and future-proof the energy system.
The US$600 million increase in commercial deals, up from the US$8.2bn figure recorded in 2022, reinforces the event as a leading global platform for the energy industry to come together, do business and push the global energy transition agenda forward, towards a cleaner, more secure and sustainable future.
During ADIPEC, ADNOC announced its investment in the Hail and Ghasha offshore development project that aims to operate with net zero carbon dioxide emissions, a first globally. The company also announced the Habshan carbon capture, utilisation, and storage (CCUS) project, in Abu Dhabi, which will be among the largest carbon capture projects in the Middle East and North Africa region.
Occidental subsidiary, 1PointFive, and ADNOC also signed an agreement to explore the feasibility of a 1 million tonne-per-year direct air capture (DAC) facility in the UAE. In addition, a milestone electric-liquefaction train system was awarded for ADNOC’s Ruwais LNG export terminal, supporting the plant’s clean power processes as one of the lowest carbon intensity LNG facilities in the world.
Meanwhile, OMV and Wood signed an agreement for the commercial licensing of OMV’s ReOil technology, which converts end-of-life plastic waste into pyrolysis oil, a valuable renewable energy resource that replaces conventional fuels while enhancing the circularity of plastics.
Discussing the impact of this year’s event, Tayba Al Hashemi, Chair of ADIPEC 2023 and CEO of ADNOC Offshore, said: “ADIPEC continues to play a critical role in the global energy transition, assembling a broad range of key policymakers and CEOs for extensive and impactful discussions on the future of our global energy system and facilitating meaningful partnerships and deals.
“With the most comprehensive agenda in its nearly 40-year history, ADIPEC 2023 shed new light on the industry’s priorities, focusing on the pressing need to decarbonise across the entire value chain. The event stimulated new thinking and ideas on a diverse set of issues, including the creation of circular economies and innovative methods for achieving carbon neutrality in hard-to-abate sectors and re-energised the industry-wide commitment to creating a truly sustainable energy system.”
As well as being a catalyst for multiple industry deals, ADIPEC 2023 also drove activity across the UAE’s economy, generating over US$350 million worth of economic benefits for the local economy, particularly in the hospitality, tourism, and transport sectors.
In support of the UAE’s goal to diversify its economy, Ahmed Al Zaabi, chairman of the Abu Dhabi Department of Economic Development, announced Abu Dhabi would provide 100 investment opportunities with a combined market size of Dh123.3 billion (US$33.5 billion) by 2027 under the ‘Abu Dhabi Channel Partners’ initiative.
Christopher Hudson, President of dmg events, organisers of ADIPEC 2023, said: “ADIPEC 2023 engaged directly with the new priorities of the energy market, bringing together key stakeholders to collaborate around decarbonisation solutions and the development of a secure, profitable and sustainable energy future.
“These efforts not only set the tone for the entire energy industry and its adjacent sectors but also led to significant benefits for both the global and local economy, once more highlighting the central role of cross-sector partnerships and consistent investment in delivering a just, clean and effective energy transition. As we look ahead to 2024, ADIPEC will build upon this year’s success and drive positive change across the energy sector.“
ADIPEC 2023 grew significantly in size and reach, welcoming record participation from NGOs – including Ipieca, Environmental Defense Fund, the Oil & Gas Methane Partnership, the International Renewable Energy Agency (IRENA) and the International Energy Forum (IEF) – as well as diverse voices from energy-adjacent industries including aviation and other heavy industries, finance and technology.
The event also attracted a record-breaking 184,000-plus attendees from 160 countries and over 2,200 exhibiting companies. The conference programme delivered over 350 sessions, featuring the insights of more than 1,600 speakers – including more than 40 government ministers and 220 C-suite global energy executives – who convened to forge paths to decarbonisation through action-oriented and strategic dialogues.
In the lead up to COP28 in the UAE, ADIPEC 2023 helped set the agenda for the energy industry’s push to decarbonisation and the global energy transition by tackling the core challenges of the energy transition – climate technology, investment, energy security and affordability – and helping align the global energy industry’s efforts to lower emissions while maintaining economic growth.
ADIPEC 2024 will take place in Abu Dhabi on 11-14 November 2024 with a mission to continue to support the global energy transition and collective decarbonisation.
About ADIPEC
Held under the patronage of H.H. Sheikh Mohamed Bin Zayed Al Nahyan, President of the United Arab Emirates, and hosted by ADNOC, ADIPEC took place in Abu Dhabi on October 2-5, 2023, under the theme of ‘Decarbonising. Faster. Together.’ ADIPEC 2024 is set to take place in Abu Dhabi on 11-14 November 2024 where it will continue to address global challenges on the road to net zero.
Built on a nearly 40-year legacy of innovation and evolution, ADIPEC brings together the ideas, ambition, technology and capital needed to decarbonise and create the energy system of the future, faster. It unites key stakeholders from across the energy value chain to accelerate urgent, collective and responsible action, produce credible, game-changing solutions, and foster the transformational progress needed to create an inclusive, future-proof energy system.
Across 350 unique sessions comprising strategic and technical conferences, ADIPEC 2023 welcomed more than 1,600 speakers – including government ministers, CEOs, policymakers, energy experts and innovators – to rally industries, sectors and individuals around a common cause, encouraging collaboration and the action required to advance the world’s decarbonisation goals.
As the UAE prepares to welcome global leaders to COP28 in November 2023, ADIPEC helped drive critical conversations that complement the nation’s goal of delivering a COP of collaborative action, while driving investment into the clean energies of the future.
For more information visit: www.adipec.com
About ADNOC
ADNOC is a leading diversified energy and petrochemicals group wholly owned by the Emirate of Abu Dhabi. ADNOC’s objective is to maximise the value of the Emirate’s vast hydrocarbon reserves through responsible and sustainable exploration and production to support the United Arab Emirates’ economic growth and diversification. To find out more, visit: www.adnoc.ae
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SOURCE ADIPEC
HOUSTON, Nov. 14, 2023 /PRNewswire/ — KBR (NYSE: KBR) announced today it has signed a Memorandum of Understanding (MoU) with Korea-based ISU Chemical for a commercial ammonia cracking project to be based in Ulsan, Republic of Korea. The project will employ KBR’s innovative technology, H2ACT℠, which has rapidly emerged as the industry’s leading ammonia cracking technology.
Under the terms of the MoU, KBR will provide licensing, proprietary engineering design, proprietary equipment, and catalyst for the planned 10 MTPD hydrogen production unit, with operations scheduled to commence in the first half of 2026.
“We are pleased to extend our collaboration with ISU Chemical to include this important project. This paves the way for the wider adoption of ammonia cracking for the production of hydrogen in support of the transition to a hydrogen economy,” said Doug Kelly, KBR President, Technology. “KBR is continuing to lead energy transition projects globally, and along with ISU, we look forward to demonstrating the value of clean ammonia and hydrogen towards achieving our net zero targets.”
KBR is a world leader in ammonia technology. Since 1943, KBR has licensed and designed more than 250 ammonia plants across the globe.
About KBR
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 34,000 people performing diverse, complex and mission-critical roles in 33 countries.
KBR is proud to work with its customers across the globe to provide technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.
Visit www.kbr.com
Forward Looking Statements
The statements in this press release that are not historical statements, including statements regarding the performance of the company’s MoU with ISU Chemical, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks, uncertainties and assumptions, many of which are beyond the company’s control, that could cause actual results to differ materially from the results expressed or implied by the statements. These risks, uncertainties and assumptions include, but are not limited to, those set forth in the company’s most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks and other U.S. Securities and Exchange Commission filings, which discuss some of the important risks, uncertainties and assumptions that the company has identified that may affect its business, results of operations and financial condition. Due to such risks, uncertainties and assumptions, you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Except as required by law, the company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
SOURCE KBR, Inc.
Achieved steps to de-risk implementation of its battery recycling technologies at commercial scale by completing all diligence and receiving final contracts for supporting US DOE grants
Reno, Nev., Oct. 25, 2023 /PRNewswire/ — American Battery Technology Company (ABTC) (NASDAQ: ABAT), an integrated critical battery materials company that is commercializing its technologies for both primary battery minerals manufacturing and secondary minerals battery recycling, continues to advance operations and the implementation of its internally-developed lithium-ion battery recycling technologies at its commercial-scale facility located in Nevada, which has now been designated as a regional “innovation and technology hub” by the Biden Administration.
The ABTC commercial lithium-ion battery recycling facility has the capacity to process over 20,000 metric tonnes per year of battery feedstock materials when fully ramped, and several strategic partnerships have been announced recently for the sourcing of feed material and the offtake of recycled products, such as with BASF, Nanotech, and FedEx. The initial phase of the facility is already operational, and processes battery feedstock materials into recycled products including copper, aluminum, steel, a lithium intermediate, and a black mass intermediate material that are sold through an already executed marketing agreement with the global metals trader TechMet-Mercuria. With the second phase of this integrated recycling facility, the lithium intermediate will be further refined into a battery grade lithium hydroxide product, and the black mass intermediate material will be further refined into battery grade nickel, cobalt, manganese, and lithium hydroxide products.
“By design, the combination of building an in-house team of industry experts and developing in-house technologies is driving construction and operations progress at our commercial-scale lithium-ion battery recycling facility,” stated ABTC CEO Ryan Melsert. “Due to the skills and dedication of our technical program management, engineering, construction, and operations teams, the initial phase of our commercial battery recycling facility was brought online under the allotted budget and in an accelerated timeframe.”
These battery recycling technologies were developed in-house by the ABTC R&D, engineering, and technical projects team members, many of whom were previously members of the founding Tesla Gigafactory design and engineering teams. These ABTC team members have significant experience scaling processes and bringing first-of-kind commercial-scale facilities online, and have leveraged this expertise to de-risk ABTC’s commercialization of its battery recycling facility. The company’s operations and commercial scale-up of this recycling facility is further de-risked by having been awarded several competitive grants from the U.S Department of Energy (DOE), for which ABTC has already completed all due diligence, received the final contracts, and is currently receiving the awarded funds.
ABTC has a dedicated R&D team of in-house scientists located at the Nevada Center for Applied Research at the University of Nevada, Reno, and this team focuses on developing, optimizing, and evolving the company’s first-of-kind battery metals extraction technologies. This team interfaces on a daily basis with the ABTC engineering team, who have deep expertise in the design, commissioning, and optimization of large manufacturing factories. These development and commercialization efforts are all coordinated by the ABTC technical projects team, who oversees life-cycle project development and implementation of large-scale projects including budgeting, schedule management, procurement, and cost controls. The teams work symbiotically, along with our operations teams, to drive the development and implementation of ABTC’s first-of-kind technologies and commercial-scale facilities for domestic critical battery material manufacturing.
ABTC has been validating and optimizing its first-of-kind recycling technologies for several years, and has showcased its innovation through winning the battery recycling portion of the competitively awarded BASF-sponsored Circularity Challenge; through a $2M battery recycling grant from the U.S. Advanced Battery Consortium (USABC), which is comprised of the U.S. Department of Energy, General Motors, Ford, and Stellantis for a commercial-scale project currently underway to demonstrate that recycled battery metal products from domestic U.S. resources can be produced at lower cost than, and at significantly improved social and environmental impact, than conventionally mined virgin minerals; and through a competitive U.S. DOE grant for a $20M project to develop and commercialize a set of Next Generation battery recycling technologies to even further enhance the recovery of recycled products and reduce the cost of operations.
About American Battery Technology Company
American Battery Technology Company (ABTC), headquartered in Reno, Nevada, has pioneered first-of-kind technologies to unlock domestically manufactured and recycled battery metals critically needed to help meet the significant demand from the electric vehicle, stationary storage, and consumer electronics industries. Committed to a circular supply chain for battery metals, ABTC works to continually innovate and master new battery metals technologies that power a global transition to electrification and the future of sustainable energy.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are “forward-looking statements.” Although the American Battery Technology Company’s (the “Company) management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company’s future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, interpretations or reinterpretations of geologic information, unfavorable exploration results, inability to obtain permits required for future exploration, development or production, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices, final investment approval and the ability to obtain necessary financing on acceptable terms or at all. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company’s filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended June 30, 2023. The Company assumes no obligation to update any of the information contained or referenced in this press release.
SOURCE American Battery Technology Company
Supports Construction of Commercial Business Operations for US-Sourced Lithium-Ion Battery Materials through Recycling and Primary Resources
RENO, Nev. , Aug. 31, 2023 /PRNewswire/ — American Battery Technology Company (“ABTC”) (OTCQX: ABML), an integrated battery materials technology company, announced today that after completion of a competitive diligence process to secure funding to facilitate advancement of the company’s commercial-scale construction projects, the company has consummated a debt financing with a single institutional investor for up to $50 million in zero coupon, Senior Secured Convertible Notes.
“This capital investment supports the continued development of our core projects as we evolve from pilot and demonstration scale systems up to commercial scale facilities in each of our business units,” stated ABTC CEO Ryan Melsert. “We evaluated a wide range of financing alternatives over the past several months, and the use of this debt financing is very well aligned with our growth plans.”
These funds will support the near-term expansion of ABTCs battery material processing operations, including:
1) Lithium-Ion Battery Recycling: ABTC currently has the first phase of its first commercial-scale recycling facility undergoing commissioning, which utilizes ABTCs internally-developed technologies for the strategic demanufacturing and recycling of battery components. A second phase will subsequently be added that includes its targeted chemical extraction train for the manufacturing of battery grade critical materials, and a third phase of these battery recycling operations will be integrated to further increase the material recovery rates and decrease operating costs. ABTC was recently selected for a U.S. Department of Energy (DOE) grant for a $20 million project to support the commercialization of this third phase, and the funds from this announced financing will directly support these efforts.
2) Primary Lithium Resource Development: ABTC is working to develop and commercialize its 10,340-acre lithium-bearing claystone deposit in Nevada, recently identified as one of the largest known lithium deposits in the U.S. with an inferred* resource of 15.8 million tons of lithium carbonate equivalent. These announced funds will support the current exploration program to continue the evolution of this domestic resource towards upgrading from the current ‘inferred’ resource to ‘measured and indicated’ resource classification, and also to proceed through the permitting operations to commercialize this domestic critical material resource.
3) Primary Lithium-Hydroxide Refinery: ABTC has developed its own technologies for the refining of its lithium-bearing claystone resource into battery grade lithium hydroxide product. This set of integrated processes is currently being demonstrated in its pilot plant, which is supported by a U.S. DOE grant it was awarded in 2021, with the processing capacity of up to 5 metric tonnes per day. As a result of the early successes of these efforts, in the fall of 2022 ABTC was selected by the U.S. DOE for an additional grant award for a $115 million project to construct a commercial scale lithium hydroxide refinery based on these first-of-kind technologies. The funds from this announced investment will directly support these commercial scale construction efforts as matching funds.
A.G.P./Alliance Global Partners acted as sole placement agent for the financing.
About American Battery Technology Company
American Battery Technology Company provides a key source of domestically manufactured critical battery metals to help meet the demand from the electric vehicle, electrical grid storage, and consumer electronics industries. The company’s ESG-principled focus works to create a closed-loop circular economy for battery metals with ethical and environmentally sustainable sourcing of critical and strategic materials. Through its three divisions, lithium-ion battery recycling, primary metal extraction technologies and primary resource development, the company is uniquely positioned to supply low-cost, lower-environmental impact, and domestically sourced battery metals.
www.americanbatterytechnology.com.
*Inferred Resource
Inferred mineral resource is that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. The level of geological uncertainty associated with an inferred mineral resource is too high to apply relevant technical and economic factors likely to influence the prospects of economic extraction in a manner useful for evaluation of economic viability. Because an inferred mineral resource has the lowest level of geological confidence of all mineral resources, which prevents the application of the modifying factors in a manner useful for evaluation of economic viability, an inferred mineral resource may not be considered when assessing the economic viability of a mining project and may not be converted to a mineral reserve.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are “forward-looking statements.” Although the American Battery Technology Company’s (the “Company”) management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company’s future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, interpretations or reinterpretations of geologic information, unfavorable exploration results, inability to obtain permits required for future exploration, development or production, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices, final investment approval and the ability to obtain necessary financing on acceptable terms or at all. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company’s filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended June 30, 2022. The Company assumes no obligation to update any of the information contained or referenced in this press release.
SOURCE American Battery Technology Company
CHICAGO, Aug. 31, 2023 /PRNewswire/ — The Commercial Greenhouse Market is projected to reach USD 68.7 billion by 2028 from an estimated USD 39.6 billion in 2023, at a CAGR of 11.6% from 2023 to 2028 according to a report published by MarketsandMarkets™. The market for commercial greenhouses is being driven by a number of factors that reflect the evolving needs and priorities of individuals, businesses, and industries. Greenhouses allow for the cultivation of a wide range of crops, including those that may not be well-suited to the local climate. This diversification can increase market opportunities for growers. Moreover, Greenhouses provide protection from extreme weather events, allowing farmers to reduce the risks associated with crop losses due to factors like hail, frost, or heavy rainfall.
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By type, the plastic greenhouse segment accounted for the largest share of the commercial greenhouse market.
The plastic greenhouse segment is expected to have significant market value over the forecast period due to the rise in environmental concerns worldwide and their higher yield capacity. The leading players in the market are also emphasizing the development of efficient and high-quality products to tap the huge unaddressed opportunities in developing geographical locations. This can be witnessed by the increased spending on research and development and the growing number of new product approvals. Plastic greenhouse styles can vary from small stand-alone structures to large gutter-connected greenhouses. Free-standing greenhouses are completely independent structures that come in a variety of designs. Thus, the versatility offered by plastic greenhouses is expected to drive the market in the upcoming years.
By equipment, the hardware segment accounted for the largest share of the commercial greenhouse market by value.
The hardware segment holds the largest market share in the commercial greenhouse market due to its pivotal role in creating the foundation for efficient and effective greenhouse operations. Hardware components such as structural frameworks, ventilation systems, heating and cooling systems, lighting, irrigation systems, and automated controls are the essential building blocks that ensure optimal growing conditions. These hardware components directly impact factors like temperature, humidity, lighting intensity, and nutrient delivery, which are critical for successful crop cultivation in controlled environments. As the adoption of commercial greenhouses grows, businesses and growers prioritize investing in robust and technologically advanced hardware solutions that guarantee consistent yields, higher-quality produce, and resource efficiency.
By crop type, the vegetable segment accounted for the largest share of the commercial greenhouse market.
Vegetables are a dietary staple, representing a significant portion of daily nutritional intake for individuals worldwide. Moreover, commercial greenhouses provide an ideal environment for the year-round cultivation of vegetables, allowing growers to meet consistent consumer demand regardless of seasonal limitations. Additionally, consumer preferences are increasingly shifting towards locally sourced and sustainably grown produce, aligning with the capabilities of commercial greenhouses to provide fresh and environmentally conscious options.
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The Europe region accounted for the largest market, in terms of value, of the commercial greenhouse market in 2022.
Due to several factors, the market for commercial greenhouses is expanding in Europe. As consumers look for a year-round supply of vegetables and other crops, to satisfy this demand commercial greenhouse would provide a steady supply of fresh vegetables and other crops that aligns with consumer demand for uniform availability. A favorable climate for the adoption of greenhouses is also being fostered by Europe’s propensity for cutting-edge agricultural technologies, supportive government policies, and incentives for sustainable farming practices, further boosting the market in Europe.
The key players in this market include Berry Global Group, Inc (US), Signify Holding (Netherlands), Heliospectra AB (Sweden), PLASTIKA KRITIS S.A. (Greece), EVERLIGHT ELECTRONICS CO., LTD (Taiwan), Prospiant (US), RICHEL GROUP (France), Argus Control Systems Limited (Canada), Certhon (Netherlands), LOGIQS.B.V. (Netherlands), Lumigrow, Inc (Canada), Agra Tech, Inc (US), Hort Americas (US), Top Greenhouses (Israel), Stuppy Greenhouse (US).
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Related Report:
Indoor Farming Technology Market by Growing System (Hydroponics, Aeroponics, Aquaponics, Soil-based, Hybrid), Facility Type, Component, Crop Type (Fruits & Vegetables, Herbs & Microgreens, Flowers & Ornamentals) and Region – Global Forecast to 2028
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KARLSKOGA, Sweden, Aug. 30, 2023 /PRNewswire/ — Since a number of years, Cell Impact have had a substantial activity in relation to the Japanese fuel cell market. This activity has been focused on developing a position for potential future flow plate production in Japan. In February 2023, a Cell Impact FormingTM demonstration line was installed in Japan in collaboration with F.C.C. Japan.
During the test period, upwards 20 Japanese fuel cell and electrolyzer manufacturers visited the Cell Impact Forming demonstration line.
“The interest generated has been great and has resulted in strengthened existing customer relations and several new prospects. The demonstration phase has now ended, and potential business opportunities will be evaluated toward a next step,” said Shigeru Nakagawa, Managing Director, Cell Impact Japan.
Scalable production technology with green aspects
After the containers containing the forming unit had arrived on the demonstration site, it took only 12 days to start the forming of flow plates. With innovative Cell Impact Forming, it takes a fraction of the time to start production compared to conventional technology.
Building a Cell Impact Forming line takes half the lead time. The short lead time makes it possible to quickly add manufacturing capacity which enables the fuel cell builders to respond to demand. Cell Impact Forming has a small floor print and low height. Plates are formed without using oil or other lubrication, and no post water cleaning. In addition, a very low energy consumption is one of the factors resulting in a cost-effective production. Low investment and operating costs make the savings with Cell Impact Forming substantial compared to conventional technology.
Extreme precision, low life cycle cost
A unique aspect of Cell Impact Forming is that the flow plates are shaped in one single stroke with very high precision, which is a key factor in achieving high quality which in turn contributes to the high performance of the flow plate. The precision in the forming process contributes to a long tool life and low costs. An earlier customer sponsored long-term test showed that the expected tool life is at least 2 million strokes, which is perhaps four times as long as competing technologies. The high precision makes Cell Impact Forming suitable for forming pre-coated material and it contributes to achieving a quality that potentially can reduce the cost of post-coating.
“We are happy to have been able to carry out this demonstration activity together with F.C.C. in Japan and that the visitors were impressed by the performance, green aspects, and scalability of Cell Impact Forming. Cell Impact Forming enables fuel cell and electrolysis manufacturers to scale up their production in a cost-efficient and environmentally friendly way, which ultimately will contribute to diminishing carbon emissions. And all of this is possible to achieve now,” concluded Pär Teike, CEO of Cell Impact.
For more information, please contact:
Pär Teike
CEO and IR contact, Cell Impact AB
+46 73-024 06 84 or [email protected]
About Cell Impact
Cell Impact AB (publ) is a global supplier of advanced flow plates to fuel cell and electrolyzer manufacturers. The company has developed and patented a unique method for high velocity forming, Cell Impact Forming™ which is significantly more scalable and cost-efficient compared to conventional forming methods. Cell Impact Forming is an environmentally friendly forming technology that consumes no water and very little electrical power.
The Cell Impact share is listed on Nasdaq First North Growth Market and FNCA Sweden AB is the company’s Certified Advisor (CA). Contact info: +46 8-528 00 399 or [email protected].
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SOURCE Cell Impact AB
BEIJING, Aug. 11, 2023 /PRNewswire/ — A report from GLOBAL TIMES ONLINE：
State Power Investment Corporation (SPIC) ranking 262nd on the 2023 Fortune Global 500 list unveiled recently. It marks the 12th straight year SPIC has made the Global 500 list and its 3rd consecutive year in the top 300.
In 2022, SPIC achieved operating revenue of $363.391 billion, a 9.61% year-on-year increase, with total installed capacity reaching 232 million kW. Since 2023, SPIC has continued consolidating its advantages in clean energy development. Its installed capacity of clean energy exceeded 160 million kW, making up 67.67% of its total installed capacity.
SPIC remains firmly committed to green development, and is comprehensively strengthening international energy cooperation. In Turkey, SPIC invested in and built the Hunutlu Power Plant, a key project aligning China’s Belt and Road Initiative with Turkey’s Middle Corridor Initiative. The plant generates 9 billion kWh of electricity for Turkey annually. As the only power plant that remained fully operational throughout the major earthquake in Turkey, Hunutlu Power Plant’s was highly praised by Turkey’s Ministry of Energy and Natural Resources for its safe and stable operations.
Adhering to innovation-driven development to promote green and low-carbon transformation in the energy sector, SPIC boasts advanced 3rd-generation passive nuclear power technology and complete supply capabilities for the nuclear industry chain. It has around 10 million kW of installed nuclear power capacity, including 8 operating units and 6 under construction. SPIC’s Haiyang Nuclear Power Plant in Shandong Province, since it was put into use in October 2018, has maintained excellent performance, setting a record of the shortest overhaul period of less than 20 days. The “Guohe No. 1” project currently under construction in Rongcheng, Shandong will be the world’s largest single-unit passive pressurized water reactor. Standing at a new historical starting point, SPIC will always follow green development, build itself into a world-class clean energy enterprise with global competitiveness in an integrated and collaborative way, and contribute inexhaustible momentum to jointly building a green Earth.
The Fortune Global 500 ranks the top companies worldwide by revenue, profits and other indexes. This year, 142 Chinese companies were named on the list.
SOURCE GLOBAL TIMES ONLINE
New Loan Brings Total to $50 Million Arranged by GCL for Aemetis Project, Which Processes Methane From California Dairy Farms Into Carbon Negative Renewable Natural Gas for Use as Transportation Fuel
RENO, Nev., Aug. 9, 2023 /PRNewswire/ — Greater Commercial Lending (GCL), which provides government-guaranteed loans to businesses and organizations in under-served and rural communities, has completed its second $25 million loan for the Aemetis Biogas Central Dairy Digester Project. The first $25 million loan was completed in October 2022.
The loan, guaranteed by the U.S. Department of Agriculture (USDA) through the Rural Energy for America Program (REAP), will finance the construction of biogas digesters and related assets for eight dairies located in Stanislaus County and Merced County, California. The digesters capture biomethane from animal waste, which is delivered via pipeline to a central facility that converts the biogas into carbon negative renewable natural gas (RNG) for use as a transportation fuel. The RNG has a negative Carbon Intensity rating because it removes damaging methane gas emissions from the environment and converts the biomethane into a transportation fuel to replace diesel.
“Renewable fuels projects such as the Aemetis dairy renewable natural gas project play a pivotal role in shaping a sustainable future for our planet. However, their successful implementation often requires substantial financial support that isn’t easily accessible through traditional financing sources,” said Jeremy Gilpin, president of GCL, one of the largest providers of USDA loans. “Government-guaranteed loans are critical in advancing these innovative technologies. As we embrace renewable energy, harnessing the power of government-guaranteed financing becomes indispensable in creating a sustainable and thriving future for generations to come.”
The second phase of the project will expand Aemetis Biogas from its current seven operational dairy digesters to biogas digesters at 15 dairies, supplying an estimated 400,000 MMBtu per year of carbon negative RNG. The initial phase of the project, which also included a 40-mile biogas pipeline, was made possible by the first USDA-guaranteed loan completed by GCL.
“We are grateful for our continued working relationship with Greater Commercial Lending, which enables us to expand our operations to improve air quality and reduce carbon pollution,” said Eric McAfee, Chairman and CEO of Aemetis. “This project would not have been possible without USDA-guaranteed financing.”
The Aemetis biogas project, when fully built, will connect biogas digesters spanning more than 65 dairy farms and produce more than 1,650,000 MMBtu of renewable natural gas from captured dairy methane each year. The project is on track to reduce greenhouse gas emissions equivalent to an estimated 6.8 million metric tonnes of carbon dioxide over 10 years, equal to removing the emissions from approximately 150,000 cars per year, according to Aemetis.
Magnolia Bank of Elizabethtown, Kentucky provided the primary funding for the loan. The loan was made to Aemetis Biogas 2, LLC, a wholly owned subsidiary of Aemetis, Inc.
About Greater Commercial Lending
Greater Commercial Lending (GCL) is a credit organization that brings together banks, credit unions and other lenders to provide U.S. government-guaranteed loans to businesses and initiatives in rural and under-served markets throughout the U.S. and its territories. It helps finance key infrastructure services, like power, renewable energy, transportation and fiber optics, as well as schools, hospitals, restaurants, agriculture, hotels and manufacturers. GCL partners with the U.S. Small Business Administration (SBA) and the U.S. Department of Agriculture (USDA), which guarantee loans, to arrange credit at favorable terms. GCL’s network of lenders includes nearly 200 banks, credit unions and other financial institutions.
About Aemetis
Headquartered in Cupertino, California, Aemetis is a renewable natural gas, renewable fuel and biochemicals company focused on the acquisition, development and commercialization of innovative technologies that replace petroleum-based products and reduce greenhouse gas emissions. Founded in 2006, Aemetis has completed Phase 1 and is expanding a California biogas digester network and pipeline system to convert dairy waste gas into Renewable Natural Gas. Aemetis owns and operates a 65 million gallon per year ethanol production facility in California’s Central Valley near Modesto that supplies about 80 dairies with animal feed. Aemetis also owns and operates a 50 million gallon per year production facility on the East Coast of India producing high quality distilled biodiesel and refined glycerin for customers in India and Europe. Aemetis is developing the Carbon Zero sustainable aviation fuel (SAF) and renewable diesel fuel biorefineries in California to utilize distillers corn oil and other renewable oils to produce low carbon intensity renewable jet and diesel fuel using cellulosic hydrogen from waste orchard and forest wood, while pre-extracting cellulosic sugars from the waste wood to be processed into high value cellulosic ethanol at the Keyes plant. Aemetis holds a portfolio of patents and exclusive technology licenses to produce renewable fuels and biochemicals. For additional information about Aemetis, please visit www.aemetis.com.
Media contact:
Michael-Jon Romano
Allison+Partners
[email protected]
SOURCE Greater Commercial Lending
MOUNT PLEASANT, Pa., July 25, 2023 /PRNewswire/ — WATT Fuel Cell Corp (“WATT”) is pleased to announce the appointment of Peter Gunderson as vice president, manufacturing. In his new role, Gunderson will direct a growing team as WATT launches commercial production of its natural gas-powered Solid Oxide Fuel Cell systems. An initial order for 500 residential 1.5 kilowatt Imperium® fuel cells was recently placed by Hope Gas, Inc., a West Virginia-based utility company, whose customers can adopt them as an alternative source of household electric power, working in parallel with a sometimes unreliable electrical grid.
An expert in volume manufacturing for high-technology products, Gunderson joins WATT from Magnecomp Precision Technology in Ayutthaya, Thailand, where he served as engineering director, leading efforts to optimize processes and increase product reliability. Before joining Magnecomp, Peter spent 15 years with Seagate Technology, a major global producer of data storage devices, where he managed development and optimization of device production processes. Later, as engineering director at Seagate’s production facility in Korat, Thailand, he established high-volume manufacturing controls and built a facility engineering team. Gunderson holds a BS in chemical engineering from the Rose-Hulman Institute of Technology (Terre Haute, Indiana) and an MBA from the University of St. Thomas in Minneapolis, Minnesota.
“We welcome Peter as a member of our leadership team and are proud to add his talents to one of the most innovative, driven and dedicated fuel cell groups in the industry,” said Caine Finnerty, founder and CEO of WATT. “As WATT continues to grow, we will be adding the best and the brightest from a multitude of industries to support our commercial goals.”
“Alternative energy solutions are critical for the future, and WATT has an incredible opportunity to provide cost-effective, low-emission alternative solutions that enable homes and businesses to operate without reliance on today’s electric grid,” said Gunderson. “I look forward to using my background in manufacturing for data storage to work with the team to grow our operational capacity. It is an exciting time to be at WATT!”
About WATT Fuel Cell Corp.
WATT Fuel Cell Corp. (www.wattfuelcell.com) is a manufacturer and developer of Solid Oxide Fuel Cell (“SOFC”) stacks and systems that operate on common, readily available fuels such as propane and natural gas. WATT’s proprietary, patented additive manufacturing process (AMP) has allowed it to produce commercially viable SOFC products for small-scale and remote power applications. WATT’s Hybrid Power Management system works in tandem with renewable power sources (solar and wind) and energy storage to provide quiet, efficient, affordable, and environmentally responsible energy solutions prioritizing a return on investment for customers across the globe.
For more information:
Sarah DeWald
724-547-9170
[email protected]
SOURCE WATT Fuel Cell
The sustainable marine transportation initiative is projected to save an impressive 100 tons of CO2 emissions on Lake Annecy
SAINT-JORIOZ, France, July 5, 2023 /PRNewswire/ — SeaBubbles, a leading innovator in sustainable marine transportation, announces the launch of France’s first commercial service of its groundbreaking ‘flying’ hydrofoil boat, the Bubble. Following the successful certification of the Bubble, SeaBubbles is thrilled to introduce this one-of-a-kind mode of transportation as part of a pilot line offering regular passenger service in collaboration with the Grand Annecy conurbation.
The Grand Annecy, renowned for its picturesque landscapes and commitment to environmental conservation, has taken a significant step towards sustainable mobility by introducing an electric shuttle service on France’s prime lake site. The project aims to combine the region’s natural attractiveness with a responsible transport mix that includes the pioneering SeaBubble hydrofoil boats.
With eight rotations per day for a period of two months, the initiative is projected to save an impressive 100 tons of CO2 emissions on the lake compared to traditional thermal boats. By incorporating electric shuttles, sourced from a consortium of local players, including the 4-seater SeaBubble flying bubble, passengers traveling on the line will have the opportunity to explore the wonders of the lake while enjoying a unique, silent, comfortable, and environmentally-friendly travel experience.
The SeaBubble employs an electric propulsion system and hydrofoil wings to lift the vessel out of the water, significantly reducing drag and enhancing speed. Passengers can anticipate an exhilarating journey as they glide smoothly across the water, offering breathtaking views of the surrounding landscapes.
“This initiative marks the start of a major new stage since the SeaBubbles teams joined our territory. We are committed to experimenting with next-generation solutions. This pilot project for carbon-free waterborne mobility is a source of inspiration for inventing tomorrow’s mobility solutions.” explains Frédérique Lardet, President of Grand Annecy.
“With this new eco-friendly, zero-carbon shuttle service, we intend to offer users of the line and residents of the conurbation not only a different relationship with the privileged natural setting of Lake Annecy, but also future options for easing traffic congestion on the shores of the lake”, declares Virginie Seurat, CEO of SeaBubbles.
By introducing the Bubble as part of a comprehensive transport system, SeaBubbles takes significant strides towards creating a cleaner and more efficient future for tourism and mobility.
https://www.seabubbles.com/fr/
Contact:
AxiCom for SeaBubbles
[email protected]com
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SOURCE SeaBubbles