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BEIJING, July 6, 2023 /PRNewswire/ -- On July 4, Baofang Jin, Chairman of JA Solar, and Tony Zhu, Vice President of JA Solar, welcomed Hussain Alnowais, Chairman of AMEA Power, and his delegation to JA Solar's Beijing headquarters to discuss deepening ties and cooperation between the two companies. JA Solar Welcomes AMEA Power Delegation to Discuss Deepening Ties JA Solar and AMEA Power have built a deep partnership through their cooperation AMEA Power is one of the largest developers in the Middle East and Africa market, with numerous major gigawatt-scale renewable energy projects in operation, under construction, and under development. Previously, JA Solar partnered with AMEA Power to supply 560MW of high-efficiency modules for the Kom Ombo Abydos project in Egypt. The project, which began construction in January 2023, is expected to be completed within 19 months. Upon completion, it will be the largest single photovoltaic (PV) power project in Africa and will play a positive role in promoting the diversification of the local power supply structure as well as low-carbon, green, and sustainable socio-economic development. During the meeting, Jin and Alnowais said that JA Solar and AMEA Power have built a deep partnership through their cooperation, and both companies will work together to accelerate the completion of the Kom Ombo Abydos project in Egypt. The meeting between JA Solar and AMEA Power is a significant milestone in the development of renewable energy in the Middle East and Africa region. The partnership between these two leading companies in the PV industry will undoubtedly contribute to the growth of clean energy and sustainable development, benefiting the global industry as a whole.
KUALA LUMPUR, MALAYSIA - Media OutReach - 6 July 2023 - Clean energy solutions provider Gentari Sdn Bhd (Gentari) has signed a Memorandum of Understanding (MoU) with Keppel’s Infrastructure Division to jointly explore the development of specific sustainability-related opportunities. The MoU was executed during the recent Energy Asia conference in Kuala Lumpur, where industry leaders and policymakers gathered to advance Asia’s net zero ambitions. From left: 1. Mr Tan Boon Leng, Managing Director, Keppel Infrastructure Holdings 2. Mr Low Kian Min, Chief Renewables Officer, Gentari Sdn Bhd Gentari was represented by its Chief Renewables Officer, Low Kian Min, while Keppel was represented by Tan Boon Leng, Managing Director of Keppel Infrastructure Holdings Pte Ltd. Also present at the signing ceremony were Gentari’s Chief Executive Officer (CEO) Sushil Purohit, and CEO of Keppel’s Infrastructure Division, Cindy Lim. Through the MoU, the parties are looking to unlock synergies in renewable and low-carbon energy projects as well as electric vehicle charging infrastructure and roaming to build economies of scale, facilitate mutual support in market access and enable mutual capability development. In addition, the parties will explore potential collaboration in Energy-as-a-Service opportunities, including energy efficiency and energy management projects. "We are excited to collaborate with Keppel via this MoU, as it represents a significant step in growing the application of sustainable energy solutions across Southeast Asia. By leveraging our combined capabilities in areas such as renewable energy, electric vehicle charging infrastructure and sustainable energy applications, we aim to deliver innovative solutions that support the region's net zero ambitions. Together, we are committed to reshaping the energy landscape and creating a greener future for Southeast Asia," said Sushil Purohit, CEO of Gentari. Cindy Lim, CEO of Keppel’s Infrastructure Division added, “Keppel is pleased to collaborate with Gentari on a targeted slate of initiatives that will help to address immediate urban and climatic challenges in Southeast Asia. The MoU is a testament to Gentari and Keppel’s shared commitment towards helping the region get closer to net zero. Through collaborating on sustainable infrastructure projects and Energy-as-a-Service with Gentari, we aim to leverage each other’s strengths to improve urban environments and enhance access to e-mobility.” For more information on Gentari, please visit www.gentari.com. Hashtag: #GentariThe issuer is solely responsible for the content of this announcement.About GentariGentari is a clean energy company focused on delivering the net zero solutions required to put cleaner energy into action today, to transform how we live tomorrow. Gentari offers lower carbon solutions through three initial core pillars – Renewable Energy, Hydrogen and Green Mobility, forming a portfolio of solutions cutting across the electron value chain to help customers achieve net zero emissions. In the long term, Gentari aims to be a full-suite net zero solutions provider, creating greater value, connecting businesses, and making the journey to net zero possible.
The global debut of Brinc's Climate Tech cohort welcomes four startups focused on carbon dioxide removal (CDR) solutions Brinc strengthens its growing, long-term commitment to tackling sustainability challenges and maximizing impact by honing in on innovations that directly combat climate change. HONG KONG, July 6, 2023 /PRNewswire/ -- Brinc, a leading global venture accelerator, is excited to announce the debut cohort of its Climate Tech accelerator, where four startups kick off its Summer 2023 program. Brinc unveils debut Climate Tech cohort for Summer 2023 The inaugural Climate Tech cohort comprises a select group of innovative ventures addressing carbon dioxide removal (CDR) globally. The entrepreneurs behind these startups will embark on an intensive three-month program that features a specifically tailored curriculum customized for this focused cohort. They will also receive fundraising support, scale-up guidance, and network introductions to follow-on investors, expert mentors, and industry corporates. Supporters of Brinc's debut Climate Tech program include key stakeholders in this space: Artesian, Carbon Business Council, CO2CRC, Direct Air Capture Coalition, PML Applications; plus others. Manav Gupta, Founder and CEO of Brinc, said: "While areas such as mobility and transportation have received the most attention from climate tech investment, Brinc is turning the focus to where we can make the biggest impact as early-stage investors. The inaugural Climate Tech cohort and program focus specifically on CDR; and while there is certainly a long road ahead in combating this pressing global issue, Brinc has prioritized our focus and efforts in this arena. Brinc is excited to launch our Climate Tech program and I'm thrilled to witness the innovation and passion these companies bring to the table." Introducing Brinc's Summer 2023 cohort to debut its Climate Tech Program: Airhive (United Kingdom) – is building a breakthrough geochemical direct air capture (DAC) technology to accelerate carbon removal. Its modular DAC system, based on a fluidised, nano-structured sorbent, achieves market-leading capture speed, energy efficiency and affordability. CarbonBridge (United States) – harnesses carbon dioxide and clean hydrogen to produce eco-friendly methanol through an innovative microbial conversion process. This groundbreaking approach not only reduces energy consumption but also enables a cost-effective production process that competes favorably with mainstream methanol derived from fossil fuels. Formwork IO (Hong Kong) – employs a circular economy approach, utilizing waste carbon dioxide and materials as binders to reduce cement usage and create carbon-negative concrete. This innovative mineralization technique involves the permanent storage of carbon dioxide through carbonation, ensuring a sustainable solution. As a pioneering player in the Asian market, where more than 70% of cement is produced, Formwork IO has the flexibility to tailor its process to various applications. Poas Bioenergy (Costa Rica) – employs an innovative and adaptable reactor system to transform agricultural waste, such as coffee and pineapple residue, into valuable resources. With a focus on sustainability, its technology enables the production of biochar and energy (syngas) in a modular and efficient manner. This circular economy solution not only addresses waste management but also holds promise for generating clean, local energy. For more information about Brinc's Climate Tech accelerator, how to apply, or learn more about the Summer 2023 cohort startups, please contact Brinc's Climate Tech team via the interest form. About Brinc Headquartered in Hong Kong, Brinc is a leader in global venture acceleration and operates 13 multidisciplinary accelerator programs across seven countries. Brinc accelerates startups focused on climate tech, clean energy, food technology, blockchain technology, artificial intelligence, connected hardware, robotics, and the Internet of Things (IoT) with a view to creating a more sustainable, equitable, and inclusive future. Brinc also supports corporations with investment services, distributed innovation strategies, sourcing of new startups and technologies, as well as venture-building Web3-enabled businesses. Global corporations (Manulife, Huawei, Schneider Electric, Puma, Batelco, Merck, Omantel, Linrun Group, Zhihui Park), government organizations (Hong Kong Science Park, NEOM, MBRIF, Guangdong Soft-tech Park), tertiary institutions (HK City University, National University of Singapore), fast-growing companies (Animoca Brands, DayDayCook), and leading venture funds (Artesian, LeverVC, Tamkeen, EDB) have all run programs with Brinc. In 2021, Brinc announced a series of venture funds to invest in high-potential early-stage companies through accelerators and provide LPs with a dedicated innovation platform and access to Series A+ co-investment opportunities. Learn more about Brinc
OSAKA, Japan, July 6, 2023 /PRNewswire/ -- EX-Fusion announced today the close of an over-subscribed 1.8 billion yen seed-round investment designed to accelerate the commercial development of laser fusion technology. EX-Fusion has raised 130 million yen to date, and this latest financing will bring the total amount raised to 1.93 billion yen. Background Currently, there is growing interest in the potential of laser fusion for achieving a decarbonized society, and international competition is intensifying. In the past, academic research and development have been carried out mainly by universities and national research institutes in various countries but following the announcement of the energy gain (net energy gain) experimental results of the National Ignition Facility (NIF) at Lawrence Livermore National Laboratory in the United States on December 13, 2022, startup companies around the world are accelerating towards the commercialization of laser fusion. EX-Fusion is committed to promoting the commercialization of laser fusion in Japan. By combining high-output, high-repetition laser technology, continuous target supply devices, and cutting-edge optical control technology, we aim to realize the world's first commercial laser fusion power plant, and contribute to the development of technology in various optical industries, not limited to the energy sector. Purpose Since the previous round of funding, we have focused on the development of components for laser control. Through this round of funding, we will establish our own facility and prepare an environment for integrated testing of these components. In addition, larger components are required to control higher-output lasers. In order to become a global leader in future nuclear fusion energy science, we aim to achieve in-house production of dedicated laser systems and advanced manufacturing technologies, as well as establish a variety of optical industries centered on laser fusion, and make significant progress as a producer of clean energy. Investors ANRI Nissay Capital Delight Ventures Mitsui Sumitomo Insurance Capital Nikon-SBI Innovation Fund Osaka Shoko Shinkin Bank Mitsubishi UFJ Capital SMBC Venture Capital Shizuoka Capital Kyushin Social Capital Germination Fund Comments from investors ANRI, Masahiro Samejima (Lead Investor) I am very happy to be able to participate in this round of funding as the lead investor. We have been supporting the company since the pre-startup stage of the technology concept, and we feel that the world's attention to laser fusion is rapidly increasing due to the research results of the NIF in the United States. On the other hand, there are still various elemental technologies to be developed and time to realize laser fusion, so we would like to support the company steadily as a "Patient Capital" that can carefully nurture such "Tough Tech" in a long-term perspective, without being too affected by the trends of the world. Let's somehow deliver the "sun on earth" to humanity. About the future EX-Fusion will explore many new technology areas, including clean energy generation, and maximize the potential of laser fusion energy. In particular, we will contribute to the development of technology in various optical industries, not limited to the energy sector, by utilizing the continuous target supply devices and cutting-edge optical control technology that have been obtained in the process of striving to realize a commercial laser fusion power plant. What is laser fusion energy? Safe, reliable, and clean energy that does not generate high-level radioactive waste. It is generated by a small nuclear fusion reactor using an abundant fuel that can be extracted from seawater. It has the same or greater power generation as a nuclear reactor and the safety of conventional renewable energy, and it can also respond to load changes by changing the number of laser repetitions. CONTACT:Shoko OdaPR/Media Managershoko_oda@ex-fusion.com
BANGKOK, July 5, 2023 /PRNewswire/ -- In the latest development of its policy to promote Thailand as a regional hub for electric vehicles (EV), the Thailand Board of Investment (BOI) held last week additional discussions with two major Chinese EV manufacturers, Changan Automobile, and Chery Automobile, about the progress of the companies' respective plans to invest in Thailand, Southeast Asia's top car production base and fastest growing EV market. Mr. Narit Therdsteerasukdi, Secretary General of the Thailand Board of Investment (BOI), held a meeting with Mr. Zhu Huarong, Chairman of Changan Automobile and the company’s senior management team, in Chongqing, as part of an investment roadshow to China’s western region, during June 28-30, 2023, to promote investment in Thailand’s EV sector. The talks were held during an investment roadshow led by Mr. Narit Therdsteerasukdi, Secretary General of the BOI, to Chongqing and Chengdu, in China's western region, during June 28-30, 2023, which focused on the policy and incentives for the EV and clean energy sectors. "Our latest talks with these two major Chinese EV manufacturers confirmed Thailand's potential to be a production and export base for right-hand drive EVs because of the readiness of our automotive ecosystem and the fact we are the fastest growing EV market in the region," Mr. Narit said. The talks demonstrated that Chery Automobile, China's fifth largest EV manufacturer, is very interested to invest in Thailand, a country the company sees as a strategic investment location to become a production base for right-hand drive electric cars for export around the world, Mr Narit said. Currently, Chery is in the process of negotiations with potential partners and considering suitable investment models in Thailand, and plans to enter the Thai market in early 2024 with the Chery Omoda 5 electric SUV as its first model, he said. At Changan Automobile, China's sixth largest EV manufacturer, Mr. Narit held a meeting with Mr. Zhu Huarong, the company's chairman and the senior management team. The company confirmed its plan, first announced at the Shanghai Motor Show in April, to establish an EV factory in Thailand with an investment in the first phase of US$ 260 million, or around 9 billion baht. The preparation of the establishment of Changan's Thai EV factory has made significant progress and is now only awaiting the final approval from the Chinese authorities, Mr. Narit said. In addition, the company also plans to establish a research and development operation in Thailand in the future. The company, which chose to invest in Thailand because of the opportunities offered by the Thai market and the broader ASEAN region, and because of Thailand's preeminent regional automobile production hub status, plans to launch its first EV in the Thai market at the end of this year. Industry data show that from January to June 2023, a total of 31,738 battery electric vehicles (BEV) cars have been registered in Thailand, more than three times the 9,729 registered in the whole of 2022. Chinese car manufacturers already investing in EV manufacturing in Thailand include BYD Auto, Great Wall Motor, SAIC Motor and NETA Auto. During the first five months of 2023, Chinese companies have filed 93 applications for investment promotion with the BOI, worth a combined investment value of more than 31 billion baht. Most projects from China are in the electronics, automotive and parts, and chemical sectors. For more information, please contact:Thailand Board of InvestmentTel. +66 (0) 2553 8111Website: www.boi.go.thYouTube: Think Asia, Invest Thailand
Chang-Ken Lee showcased commitment to climate action and growing influence in the global sustainable finance landscape TAIPEI, July 4, 2023 /PRNewswire/ -- The President of Cathay Financial Holdings () Chang-Ken Lee made history as the first representative from Taiwan to address at the prestigious Climate Investment Summit, taken place on 6/28 at London Stock Exchange. Lee's presence at the summit marked a significant milestone, effectively showcased the company's unwavering commitment to climate action and underscored its burgeoning influence in the global sustainable finance map. Climate Investment Summit, organized by World Climate Foundation (WCF), is the globally leading event for the acceleration and deployment of investments in global climate solutions, to ensure an energy secure and sustainable future for all. This 4th edition, once again, convenes leading governments, asset owners, financial institutions, international organizations, energy companies and developers for a market-oriented approach for investments in climate and nature-based solutions. During the closing panel, Lee opened the discussion by recounting a conversation with a local driver upon his arrival in London. It became evident that drivers encounter challenges in finding charging stations when they choose to drive electric vehicles. "The lack of infrastructure is a major concern," Lee emphasized, highlighting the need for extensive collaboration among all sectors. Lee continued to highlight Asia's crucial role in climate investment, particularly in the financial sector, mainly due to the region's growing energy demand, vulnerability to climate change, renewable energy transition, green finance initiatives, private sector engagement, and the growing importance of international collaboration. Throughout the summit, there is a strong emphasis on the significance of expediting collaboration across sectors and regions to accomplish climate objectives. The vulnerability of developing regions was also highlighted. It is crucial for international stakeholders to prioritize and increase financial resources for climate-friendly projects in these regions. The participation of Cathay FHC is of significance because it helps unlock economic potential, bridge the funding gap, and drive global climate action especially between Asia and the world. "To mitigate and adapt to climate change and its threats, we need substantial financial resources and support from all stakeholders. We are delighted to partner with Cathay Financial Holdings, which brings governments, private sector entities and other stakeholders together to explore investment opportunities and mobilize funds for climate-related projects within Taiwan and beyond. This essential contribution plays a vital role in bridging the gap between the need for climate finance and the availability of funds," stated Jens Nielsen, WCF founder/CEO. Lee further shared three primary strategies to facilitate the transition of the real economy and achieve their net-zero targets. First of all, to expedite the transition towards a sustainable future, Cathay FHC actively rebalances the portfolio allocation by carefully phasing out investments in high-emitting companies while engaging with them. Secondly, Cathay FHC is dedicated to promoting the advancement of clean energy and climate solutions. "As the pioneering financial institution in Taiwan, we are proud to offer financing for solar power and offshore wind farm projects. Additionally, as the largest commercial real estate owner, we collaborate with governments and tenants to provide green-leasing services, enabling SME tenants to procure renewable energy and work towards their climate goals." Lee stated. Finally, Cathay FHC believes the potential of collaboration to make a meaningful impact. For years, Cathay FHC has been taking proactive engagement actions and actively participating in global initiatives. Lee added, "one notable example is our engagement with leading Taiwanese companies as part of the Climate Action 100+ initiative. These companies collectively account for 20% of Taiwan's total carbon emissions. Through our engagement efforts, we encourage them to commit to net-zero targets and set mid-term goals." Government policies, interim targets, and strategic plans will offer corporations greater opportunities to foster technological advancements and innovative business models. "The transition to a low-carbon economy necessitates substantial capital, and it is imperative to recognize that we cannot drive this transformation single-handedly. Collaboration among stakeholders is essential to bring about the necessary changes in the economy and achieve our sustainability goals." Lee concluded. In addition to CIS, Cathay FHC has scheduled to participate this year's World Biodiversity Summit alongside UNGE in New York, World Climate Summit alongside COP28 in Dubai, and has also scheduled its annual climate summit aimed at convening various sectors across Asia, taken place on 7/4 in Taipei. Cathay FHC president Chang-Ken Lee (right) and World Climate Foundation founder/CEO Jens Nielsen at 2023 Climate Investment Summit
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