Korea Zinc invests in gravity storage developer Energy Vault
Korea Zinc, non-ferrous metal smelting company, has agreed to invest $50 million in Energy Vault, a Switzerland-based gravity storage specialist, in order to use its tech to decarbonize its refining and smelting operations in Australia.
New Yorkers fund 4 GW of solar for less than a cup of coffee per month
The New York Governor’s Office has submitted its financial proposal for 4 GW of distributed solar capacity by the year 2030, at an expected cost of $0.00082/kW.
The Hydrogen Stream: Australia approves $150 million hydrogen promotion program, Mitsubishi developing ammonia combustion burner in Japan
In other news, Oil India is setting up a 100 kW green hydrogen production facility in Assam, while the German government is providing €60 million for a project aimed at preparing electrolyzer technologies for industrial production at gigawatt scale.
Chinese PV Industry Brief: Jinko switches on 8 GW TOPCon factory, Tongwei announces skyrocketing profits
Solar manufacturer JinkoSolar announced on Wednesday that its 8 GW TOPCon cell factory in the Anhui Province has started manufacturing activities. Polysilicon supplier and solar cell maker Tongwei announced on Thursday it expects to achieve a net profit of up to RMB 8.5 billion ($1.33 billion) with a YoY increase of around 136%.
India cabinet approves intrastate transmission scheme backing 20 GW of renewable energy capacity
The second phase of the Green Energy Corridor (GEC) scheme for the Intra-State Transmission System will facilitate grid integration and power evacuation of approximately 20 GW of renewable energy power projects in Gujarat, Himachal Pradesh, Karnataka, Kerala, Rajasthan, Tamil Nadu, and Uttar Pradesh.
Central America’s largest PV plant goes online
A new solar project has been switched on in Penonomé, in the province of Coclé, Panama. It was built with 450,000 solar panels and 89 inverters.
Chinese fish pond hosts 550 MW solar farm
Built by the Chint Group, the project is currently the largest in China combining PV power generation and fish farming. It is located in Wenzhou, a city with a subtropical maritime monsoon climate in China’s Zhejiang province.
Silicon Ranch raises $775 million
Silicon Ranch, a Shell-backed utility-scale solar developer in the United States, has raised funds from new and existing investors.
US startup debuts energy storage system
Franklin Whole Home has developed an integrated battery and control system with artificial intelligence. It is inverter-agnostic, can be used to charge electric-vehicle batteries, and turns homes into microgrids when utility services are down.
Maldives to turn to solar for outer islands
The Indian Ocean island nation, which has been a prominent voice in the global calls to combat rising sea levels, will get technical assistance from the Asian Development Bank to draw up a tender for 20-30MW of photovoltaic generation capacity.
