Category: Alternative Energy

Pertamina supports achievement of Indonesia’s carbon emissions target

Indonesia’s largest energy company, PT Pertamina (Persero), has said it has implemented several initiatives to support the government’s target of reducing greenhouse gas emissions from the energy sector.

According to the company’s president director & CEO, Nicke Widyawati, Pertamina has been focusing on reducing gas emissions, especially in the areas of road transport, aviation, shipping as well as chemical and petrochemical industry – which based on world charts, contribute less than 20 percent carbon emissions.

“The most carbon emission reduction is coming from our operational efficiency in refinery and upstream facility, flare gas utilization, waste heat recovery in upstream and refinery as well as other energy initiatives in geothermal,” she said during a talk show about the green economy on the sidelines of the 26th UN Climate Change Conference (COP26) in Glasgow, Scotland, on Monday.

To achieve the target of reducing 25.9 million tons of CO2 by 2030, Pertamina has drafted several initiatives, including increasing geothermal capacity to 1065 MW as well as developing hydro-based and solar-based power generation, which are targeted to reach 715 MW and 3,100 MW each, respectively.

The state-owned energy company is in the process of developing a green refinery in Plaju and Cilacap that will be operational by 2025.

It is also participating in Indonesia battery company joint venture by developing an EV battery ecosystem including swapping and charging business, in addition to developing a methanol plant for gasification, which is planned to be on stream by 2025.

“Previously, the energy of our refinery was from fuel, now we are shifting to gas and also some parts are coming from solar-PV,” Widyawati added.

Other initiatives taken by Pertamina to help reduce greenhouse gas emissions include the development of bioenergy, circular carbon economy, as well as new and renewable energy, she informed.

“And we have the ambitious target to shifting the energy of our facility so it becomes 30 percent of energy mix from new and renewable energy,” she said.

Pertamina reduced 27.08 percent of its emissions during 2010-2020, exceeding the country’s NDC target in 2020 of 26 percent.

In the energy sector, the Indonesian government has the ambition of reducing as much as 314 million tons of CO2 emission in 2030, of which 183.66 million tons, or more than 50 percent, is a target for the New & Renewable Energy (NRE) sector.

Based on the roadmap for Indonesia’s energy transition, the current state of the energy mix is still at the level of approximately 9 percent. It will increase to 23 percent by 2025 and continue to increase until it is projected to be at the level of 31 percent by 2050.

Through this NRE development roadmap, the government believes that the energy sector will reduce emissions by 314-398 million tons of CO2.

Media Contact
Fajriyah Usman
Pjs Senior Vice President Corporate Communications & Investor Relations
PT Pertamina (Persero)
M: +62 858 8330 8686, E: fajriyah.usman@pertamina.com

Leon Fuat Berhad Powers Up for Green Energy

  • The Group is investing RM5.26 million to install solar panels for processing operations

Leon Fuat Berhad (Leon Fuat or the Group), primarily in the business of trading, processing and/or manufacturing (collectively referred to as processing) of steel products, specialising in rolled long and flat products, is pleased to announce that the Group is making its move towards having sustainable energy powering production operations through an investment in solar panels.

Mr, Ooi Seng Khong, Group Managing Director of Leon Fuat

A total of RM5.26 million is being invested for solar panels as part of the Group’s sustainability initiatives and these panels will be gradually installed in stages depending on the readiness of project sites.

Group Managing Director of Leon Fuat, Mr. Ooi Seng Khong said, “We see this move as a good investment for the environment in the long run to reducing CO2 emissions as we are using renewable solar energy and it will also lower the cost of energy consumption. This initiative will help us in our energy management initiatives and solar power is environmentally sustainable as well as effective.”

“We have been monitoring both electricity and fuel consumption as part of our sustainability initiatives since the financial year ended 31 December 2017 and are cognisant of the need to source for more sustainable sources of energy for our steel processing operations. The installation of solar photovoltaic (PV) panels will have a capacity of 2.1 million kWh per year, and we expect to save an estimate of 30% savings in electricity consumption per year when the solar panels are fully completed.”

For disclosure purposes, three of the Group’s subsidiaries involved in steel processing consumed a total of 4.9 million kWh of electricity in 2020, which is a 37.1% increase from 2019.

“We will continue to build organisational capacity to adapt to a sustainable future while focusing on the strategy to improve productivity through sustainable practices and bring value to our stakeholders,” Ooi said.

Pacific Green Confirms Its Intent to Acquire Tupa Energy Limited Owned Sheaf Energy Limited, a 249 MW Battery Energy Storage Development in the UK

Pacific Green Energy Storage (UK) Limited (PGES(UK)), a wholly-owned subsidiary of Pacific Green Technologies, Inc. (the Company or PGTK, (OTCQB:PGTK)), announces that under the terms of its framework agreement (the Agreement) with Tupa Energy Limited (Tupa), it has confirmed its intent to acquire Sheaf Energy Limited (“SEL”), a Kent, England-based 249 MW battery energy storage system (“BESS”) development wholly-owned by Tupa.

Following the 99.8 MW Richborough Energy Park Limited BESS development that PGES(UK) acquired earlier this year, the 249 MW SEL BESS development is the next phase of the 1,100 MW BESS Agreement that PGES(UK) entered into with Tupa in March 2021. PGES(UK) and Tupa continue to build on the success of the initial developments, with the balance of the 750 MW expected to be operational in 2025.

PGES(UK) will continue to combine the comprehensive knowledge of the UK energy storage market and technical expertise of wholly-owned BESS design and integration specialist, Pacific Green Innoergy Technologies Limited, along with Shanghai Electric Gotion New Energy Technology Co., Limited’s (“SEG”) state-of-the-art 10 GWh per annum battery production capacity, to deliver high-quality developments at an industry-leading scale.

About Pacific Green Technologies, Inc.
Pacific Green Technologies Inc. is focused on addressing the world’s need for cleaner and more sustainable energy. The Company offers Battery Energy Storage System (BESS), CSP and PV energy solutions to complement its marine environmental technologies and emissions control divisions. For more information, visit PGTK’s website: www.pacificgreentechnologies.com

About SEG
SEG is a joint-venture between Shanghai Electric Group Co., Ltd. (“Shanghai Electric”) and Guoxuan High-tech Co., Ltd., and operates among the largest and most advanced production and supply-chain management centers in the world. Shanghai Electric (SHA: 601727), which has 70,000 employees and over US$20billion in operating revenue, provides a strong industrial backing and decades of experience in power equipment manufacturing and integration.

Notice Regarding Forward-Looking Statements:
This news release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the ongoing effects of the pandemic on delays and orders regarding Pacific Green’s emission control system, potential business developments in the UK and future interest in our solar and desalination technologies.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, general economic and political conditions, the continuation of the framework agreement with SEG, delivering the projects with Tupa and the ongoing impact of the COVID-19 pandemic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact:
Scott Poulter, Chairman & CEO
Pacific Green Technologies
T: +1 (302) 601-4659

SOURCE: Pacific Green Technologies, Inc.

Pacific Green Signs Offer for Debt Finance for Its First Battery Energy Storage Development at Richborough Energy Park

Pacific Green Technologies, Inc. (the Company or PGTK, (OTCQB: PGTK)) announces that it has signed an offer letter from Close Leasing Limited (CLL), wherein CLL will provide debt financing of GBP23 million (US$31.6 million) for the construction of a 99.8 MW battery energy storage system (“BESS”) the Company is developing in Kent, England.

The BESS development, which is located at Richborough Energy Park, will be developed through the Company’s wholly-owned subsidiary, Pacific Green Energy Storage (UK) Limited. The financing, which is subject to final due diligence, is expected to reach Financial Close in Q4 2021. Energization of the energy storage park is on schedule for 2022.

Scott Poulter, PGTK’s Chief Executive commented: “We are very proud to be working with Close Brothers, following numerous offers from very competitive financiers, our decision was based upon the combination of Close Brothers’ flexibility along with their previous experience financing renewable energy projects of a similar size. We are excited to work with Close Brothers on the first project in our pipeline of 1.1GW and look forward to progressing this initial project into the construction phase and operation.”

James Sutcliffe, Managing Director of Close Brothers Leasing’s Energy team, commented: “The battery storage sector is experiencing significant growth and is playing an important part in our strategy of expanding our renewable energy portfolio. We are delighted to be involved in this project and are really looking forward to working with Pacific Green through the various phases to completion.”

CLL is a market leader in providing specialist, structured finance solutions ranging in value from GBP250,000 to GBP50 million, particularly working with select, strategic partners to offer finance solutions in the renewable energy sector. CLL is part of Close Brothers Group plc.(“CBG”).

About Pacific Green Technologies, Inc.
Pacific Green Technologies Inc. is focused on addressing the world’s need for cleaner and more sustainable energy. The Company offers Battery Energy Storage System (BESS), CSP and PV energy solutions to complement its marine environmental technologies and emissions control divisions. For more information, visit PGTK’s website: www.pacificgreentechnologies.com

About CBG
CBG is a leading UK merchant banking group, providing lending, deposit taking, wealth management services and securities trading. CBG employs over 3,700 people, principally in the UK. CBG is listed on the London Stock Exchange (LON: CBG) and is a member of the FTSE 250.

Notice Regarding Forward-Looking Statements:
This news release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the ongoing effects of the pandemic on delays and orders regarding Pacific Green’s emission control system, potential business developments in the UK and future interest in our solar and desalination technologies.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, general economic and political conditions, the continuation of the financing offer from CLL, and the ongoing impact of the COVID-19 pandemic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact:
Scott Poulter, Chairman & CEO
Pacific Green Technologies
T: +1 (302) 601-4659

SOURCE: Pacific Green Technologies, Inc.

Hatten Land Enters into MOU with Singapore Myanmar Investco to Undertake ‘Green’ Crypto Mining Activities in Melaka

  • Strategic Partnership Agreement with Bursa-Listed Nestcon Berhad for Solar Energy Initiative
  • Proposed Share Placement to Prominent Investors to Accelerate the Group’s New Growth Initiatives

Hatten Land Limited (SGX:PH0) announced today a partnership to operate Hatten Land’s energy-efficient ‘green’ cryptocurrency mining in Melaka that will soon be enabled by solar panels installed on rooftops of retail malls it owns or manages, as it pivots towards an environmental-friendly digital economy.

SGX-Catalist Hatten Land’s wholly-owned subsidiary, Hatten Technology (S) Pte. Ltd. (Hatten Tech) has signed a MOU with SGX Mainboard-listed Singapore Myanmar Investco Limited (SMI) to jointly explore business opportunities in cryptocurrency mining (crypto mining) activities. SMI recently partnered NASDAQ-listed The9 Limited (The9) to procure up to 4,000 sets of crypto mining rigs.

Both parties will leverage on Hatten Land’s space, infrastructure, and comparatively lower energy costs to carry out ‘green’ cryptomining activities, as Hatten Land steps up efforts to introduce solar energy. The renewable energy initiative will allow both parties to conduct ‘green’ crypto mining across Hatten Land assets, with increases in capacities helping to power more rigs to be added later.

Hatten Land and its parent the Hatten Group conglomerate are the leading developers in the historical Malaysian tourist city, operating six malls with built-up area of more than six million square feet. It also owns four hotels in Melaka.

Hatten Tech will share technological know-how on ‘green’ crypto mining facility management, and will also share the net proceeds of the cryptocurrencies to be mined.

Under the MOU, SMI has the intention to install up to 2,000 rigs in Hatten Land’s properties in Melaka. Hatten Land and SMI are working to conclude definitive agreement within 90 days from 30 September 2021. Hatten Land expects to install and operate the rigs from December 2021.

New Solar Energy Initiatives with Strategic Partnership
Hatten Land also announced that its subsidiary Hatten Commercial Management Sdn. Bhd. (HCM), which focuses on green and sustainable energy innovations and developments, has signed a Strategic Partnership Agreement with Nestcon Sustainable Solutions Sdn. Bhd. (NSS), a wholly-owned subsidiary of Bursa-listed Nestcon Berhad to install solar panels on the roofs of some of its properties in Melaka.

HCM and NSS will set up a joint-venture or form a consortium with other partners to install solar panels and facilities at Hatten Land-owned malls. An estimated 6,373 solar panels will first be installed at Dataran Pahlawan Melaka Megamall – the largest mall in Melaka and managed by Hatten Group conglomerate – can generate up to 3.19 MWp of solar energy.

The initiative will allow Hatten Land to lower energy costs, accelerate its sustainability efforts and contribute to the ‘green’ crypto mining.

In addition, NSS and HCM will jointly collaborate with other potential partners to discuss opportunities to utilise and/or secure Hatten Land’s current and future land reserve in Malaysia to build large-scale solar photovoltaic (LSSPV) facilities, by phases, capable of generating up to 100 MWp.

Aligned with Hatten Land’s environmentally-friendly digital initiatives, this strategic partnership will allow the Group to lower energy costs, enhance synergies in its ‘green’ crypto mining activities and harness new business opportunities in the renewable energy market.

Proposed Share Placement to Accelerate the Group’s Technology Ventures and Renewable Energy Initiatives
Hatten Land is also pleased to announce that it would raise S$1.8 million from the placement of 80,000,000 new shares at S$0.023 (Placement Shares), representing a discount of approximately 5.74% over the volume weighted average price of S$0.0244 per share on 10 September 2021. The shares will be issued to Asdew Acquisitions (40 million), Evolve Capital Management (20 million) and Mr Ong Toon Wah (20 million) (collectively, the Subscribers).

Each Placement Share comes with a detachable warrant which can be converted to Hatten Land shares at S$0.048 within two years. Proceeds will be used as working capital, as well as to pursue technology and solar initiatives.

The Placement Shares represent approximately 4.78% of the enlarged share capital of Hatten Land of 1,675,169,228 shares. Assuming full conversion of the warrants, Hatten Land’s issued share capital base will be enlarged further to 1,755,169,228 shares, of which the Subscribers will hold approximately 9.12%.

Dato’ Colin Tan, Executive Chairman and Managing Director of Hatten Land, said: “As COVID-19 becomes endemic, we see strong opportunities taking shape and both partnerships accelerate our pivot towards the digital economy.

‘Green’ crypto mining activities will allow Hatten Land to leverage on existing fixed assets in Melaka, harness our own renewable energy initiative and create new revenue stream with the cryptocurrency proceeds.

We are also equally excited to embark on the solar energy collaboration with Nestcon, at a time when sustainability is becoming increasingly important. Combining our efforts and resources, we are confident that the partnership will allow us to harness new business opportunities and further our sustainability efforts.

These are significant milestones for Hatten Land and it aligns with our digital transformation roadmap to increase shareholder value in a sustainable manner.”

Dato’ Colin Tan, added: “We are extremely pleased with the interest and support in our Share Placement and the proceeds will enhance our financial flexibility in our strategic technology and renewable energy initiatives ahead.”

About Hatten Land Limited
Hatten Land Limited is one of the leading property developers in Malaysia specialising in integrated residential, hotel and commercial developments. Headquartered in Melaka, it is the property development arm of the conglomerate Hatten Group, which is a leading brand in Malaysia with core businesses in property development, property investment, hospitality, retail and education.

Hatten Land Limited began trading on the Catalist board of SGX-ST on 28 February 2017 after the completion of the reverse takeover of VGO Corporation Limited. For more information, visit: www.hattenland.com.sg
[SGX: PH0; Bloomberg: HATT:SP; RIC: HATT:SI]

Issued on behalf of Hatten Land Limited by WeR1 Consultants Pte Ltd.
Media & Investor Contacts:
Mr Isaac Tang
Mobile: +65 9178 0269
Email: hatten@wer1.net

This press release has been prepared by Hatten Land Limited (the Company) and its contents have been reviewed by the Company’s sponsor, UOB Kay Hian Private Limited (the Sponsor) for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the SGX-ST) Listing Manual Section B: Rules of Catalist.

This press release has not been examined or approved by the SGX-ST and the SGX-ST assume no responsibility for the contents of this press release, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this press release.

The contact person for the Sponsor is Mr Lance Tan, Senior Vice President at 8 Anthony Road, #01- 01, Singapore 229957, telephone +65 6590 6881.

Gradiant Achieves Strong Growth Across Asia in Cleantech Water Treatment during the Pandemic

  • Gradiant demonstrated strong growth during the prolonged COVID-19 pandemic
  • Gradiant won 26 new projects in 2021 YTD across the Asia Pacific region
  • Contract wins are in cleantech water treatment solutions with new clients, applications, markets, and geographies, including long-term DBOOM concession agreements
  • Since the onset of the pandemic, Gradiant has secured 56 new projects with a total contract value of over US$514 million
  •  Gradiant’s team has grown to 350 people, with almost all new headcount growth in the Asia Pacific region

Gradiant, an end-to-end cleantech water treatment solutions provider, announced that it has secured 26 new projects in 2021 year-to-date (YTD) across the Asia Pacific (APAC) region.

Four of the projects will be delivered as design-build-own-operate-manage (DBOOM) contracts for long-term concession periods of up to 20 years. The business growth demonstrates increased demand for advanced water & wastewater treatment during the prolonged COVID-19 pandemic.

The new contracts in 2021 YTD are a mix of high-profile clients in the industrial, municipal, and government sectors, including multinational brand owners. Eighteen of the 26 new projects in 2021 YTD are with new clients that have selected Gradiant for the first time to solve their complex water challenges. New applications for Gradiant’s technologies this year have been in lithium mining, semiconductor fabrication, and high complexity industrial wastewater reuse.

“Our business has thrived this year at Gradiant, despite the challenging market dynamics brought on by the COVID-19 pandemic,” said Prakash Govindan, Co-Founder and COO of Gradiant. “We have adapted to the evolving needs of the market by taking on new clients to penetrate new strategic COVID-resistant market segments in semiconductors, mining, and personal protective equipment (PPE). Facilities equipped with Gradiant’s SmartOps(TM) asset management and remote monitoring & control systems continue to produce mission-critical water during the COVID-related travel and access restrictions. Since the onset of the pandemic in early 2020 until today, Gradiant has been awarded 56 new projects, delivering a total contract value of over US$514 million. We are proud of these accomplishments while managing through the pandemic – these results are only possible because of the commitment and passion of our team and our customers.”

Gradiant is committed to the Asia Pacific region. Almost all Gradiant’s growth in 2021 YTD has been in Asia Pacific, where the region’s rapid urbanisation and population growth have been driving the demand of clean and sustainable technologies. Gradiant won new contracts to build facilities for the first time in Indonesia, Vietnam, and even Antarctica. Gradiant’s team has grown from 250 people at the end of 2020, to about 350 people in 2021 YTD – almost all headcount growth has been in the Asia Pacific region, mainly in their Singapore Regional HQ and R&D Center.

Research from MSCI(*) has indicated growing attention to sustainability among investors, who have recognised that companies with strong environmental, social and governance practices in Asia are outperforming their counterparts. These regional trends suggest growing need for brand owners to adopt sustainable business practices, placing greater importance for cleantech solutions providers such as Gradiant to support their operations.

“We are experiencing another year of robust growth at Gradiant,” said Luke Johnson, CFO of Gradiant. “Growth remains consistently strong across our strategic market segments in semiconductors, mining, and pharmaceuticals, and our new contract wins support the market’s sustained demand for cleantech solutions and DBOOM concession agreements. We have proven this year that our acquisitions of Sigma Water (Malaysia) and CRS Water (Australia) in 2020 created synergies to access new customers, applications, and geographies, when married to Gradiant’s clean water technologies and project development and financing capabilities.”

* https://www.msci.com/documents/1296102/22910163/MSCI-Investment-Insights-2021-Report.pdf

About Gradiant Corporation
Gradiant is a leading solutions provider and developer of cleantech water projects for advanced water & wastewater treatment. Gradiant’s robust end-to-end solutions and proven technical, delivery, and operations expertise enable cost-effective and sustainable treatment of the most complex water challenges. Gradiant serves its clients around the world from their corporate headquarters in Boston, Massachusetts, USA, regional headquarters and R&D center in Singapore, and its operating subsidiaries Gradiant India (Chennai), Gradiant China (Shanghai, Ningbo), Sigma Water (Malaysia), CRS Water (Australia), Gradiant Energy Services (Houston, Midland, Texas, USA), and Gradiant Middle East (Saudi Arabia).

Media Inquiries:
Meghan Moore, Communications Manager
Gradiant International Holdings, Singapore
communication@gradiant.com

Sales Inquiries:
Kaarthic Madhavan, VP Sales and Business Development
Gradiant International Holdings, Singapore
kmadhavan@gradiant.com

Public Relations, APAC:
PRecious Communications for Gradiant
Tan Yanchang
gradiant@preciouscomms.com

BYD Launches e-Platform 3.0 with the Ocean-X Unveiled

On September 8, BYD officially launched the e-platform 3.0 for pure electric vehicles. With outstanding advantages in intelligence, efficiency, safety, and aesthetics, the e-platform 3.0 aims to promote NEVs’ performance in safety and low-temperature driving range as well as improving intelligent driving experiences, to build more efficient and safer new intelligent EVs. Therefore, the new-generation BYD e-platform covers vehicles of varying sizes ranging from small to large and will still be open to the industry to facilitate the development of intelligent EVs worldwide.

BYD Chairman and President Wang Chuanfu aims to build a zero-emission ecosystem.
e platform 3.0 : facilitating the development of intelligent, next generation EVs worldwide.
Ocean-X : concept car built based on the e-platform 3.0, an EV for the next generation.

Built upon the e-platform 3.0, the unveiled Ocean-X concept is a mid-size sporty sedan with high performance. The Ocean-X brings brand new experiences in performance and intelligent driving thanks to the fully integrated blade batteries in the car body, an 8-in-1 electric powertrain, and an all-wheel-drive architecture.

Wang Chuanfu, the Chairman and President of BYD, said that the e-platform 3.0 is the vital factor for its transition toward intelligence from electrification in the change of NEVs and also the cradle for the next generation of EVs. BYD’s integrated new energy solutions encompass energy acquisition, storage, and application. With the help of this comprehensive solution, BYD aims to build a zero-emission ecosystem within a closed-loop to address global warming through practical action.

Regarding safety, equipped with ultra-safe blade batteries while integrating the pack into the car body, the e-platform 3.0 builds up a special pure electric vehicle frame structure to increase the rigidity of the vehicle.

Concerning high efficiency, the new platform enables ranges exceeding 1,000 km through the world’s first 8-in-1 electric powertrain. In addition, the world’s first fast charging technology enables a range up to 150 km after a 5-minute charging. The original designed direct cooling and heating system for batteries increases the thermal efficiency by up to 20% while reducing energy loss. Additionally, the heat pump system which can work at temperatures from -30 to 60 degrees Celsius, has increased the range by up to 20% in winter, since the system leverages the residual heat from surroundings, the powertrain, passenger compartment and even the batteries. Finally, the brand-new electric AWD system features 0-100 km/h acceleration improved to 2.9 s, resulting in energy consumption compared to that of 2WD vehicles, while letting users enjoy the high performance of AWD EVs.

Regarding intelligence, the e-platform 3.0 deeply integrated the drive, braking, and steering system. The industry’s first drive train domain controller has been developed through the full utilization of the electric motors’ fast response and has been applied on the model EA1 (code name). BYD’s smart cockpit domain controller and smart body domain controller are already in mass production. As for software, BYD has independently developed the BYD OS which decouples hardware and software, offering an elite collaboration system for high levels of intelligent driving.

On the side of aesthetics, the vehicle features shorter overhangs and a longer wheelbase, significantly expanding the passenger space; a lower body and a longer wheelbase liberate the vehicle’s aerodynamic design, decreasing the drag coefficient to 0.21Cd.

Ocean-X, a mid-size concept car which is built based on the e-platform 3.0, excels in safety, range, charging, intelligence, and design, making it a more efficient and safer intelligent EV for the next generation.

About BYD
BYD Company Ltd. is one of China’s largest privately-owned enterprises. Since its inception in 1995, the company quickly developed solid expertise in rechargeable batteries and became a relentless advocate of sustainable development, successfully expanding its renewable energy solutions globally with operations in over 50 countries and regions. Its creation of a Zero Emissions Energy Ecosystem – comprising affordable solar power generation, reliable energy storage, and cutting-edge electrified transportation – has made it an industry leader in the energy and transportation sectors. BYD is listed on the Hong Kong and Shenzhen Stock Exchanges. More information on the company can be found at http://www.byd.com.

Contact:
Asia-Pacific: Mia Gu
mia.gu@byd.com; tel: +86-755-8988-8888-69666
Europe: Penny Peng
penny.peng@byd.com; tel: +31-102070888
North America: Frank Girardot
frank.girardot@byd.com; tel: +1 213 245 6503
Latin America: Mariana Osorio
mariana.osorio@byd.com; tel: +56 9 8588 0333
Brazil: Adalberto Maluf
adalberto.maluf@byd.com; tel: +19 3514 2554

Mooring Solutions Specialist Mooreast Asia Acquires Significantly Larger New Singapore Facility as it Prepares to Expand into Mooring Systems for Floating Wind Farms

Mooreast’s upgraded water-front facility at 51 Shipyard Road

Mooring solutions specialist Mooreast Asia Pte. Ltd. (Mooreast) said today that it has completed the acquisition of an upgraded water-front facility in Singapore that will more than double its capacity as it embarks on its strategic shift towards offshore renewable energy, particularly floating wind farms.

Mooreast’s upgraded water-front facility at 51 Shipyard Road

The new facility at 51 Shipyard Road has a usable floor space of 323,000 sqft (30,000 sqm), compared to 129,000 sqft (12,000 sqm) at its previous facility at 14 Benoi Sector. It includes three main buildings which were erected by the previous owner before it went into receivership. With minimal outlay, Mooreast is now able to use the facility for components fabrication, warehousing and office functions.

Mooreast recently acquired the yard in southwest Singapore for S$18.5 million and expects to increase utilisation from 2,000 to 5,000 metric tons of steel throughput per year by 2023.

The acquisition is a major part of Mooreast’s strategy to leverage on its track record and capabilities in the offshore oil and gas and marine sectors and transition to mooring and rigging products and solutions for the offshore renewable energy sector.

Offshore floating platforms to capture wind, tidal or solar energy require mooring and rigging systems to anchor safely to the seabed. Such floating platforms are increasingly preferred to fixed-bottom structures that are confined to very shallow waters and may potentially harm marine life.

Mooreast designs and fabricates mooring products such as specialised anchors and chain stoppers. It also offers related engineering, installation and commissioning services.

Amid concerns of climate change, floating wind farms are reaching a tipping point towards commercialisation worldwide. The total global floating wind market is estimated at around US$100 billion for the next 10-15 years. Mooreast sees the addressable market for mooring solutions of about US$15 billion (15% of total) as a major opportunity.

Mr Sim Koon Lam, founder and Managing Director of Mooreast, said “The new facility at 51 Shipyard Road will allow us to expand our capacity significantly and is critical for our forward strategy to position ourselves as a global leader in designing and producing total mooring solutions for the offshore renewable energy sector.”

About Mooreast Asia Pte. Ltd.

Formed in 2010, Mooreast Asia Pte. Ltd. is founded by its current Managing Director and sole shareholder, Mr Sim Koon Lam. It has over 30 years of experience in the offshore oil & gas and marine sectors. In recent years, it has been transforming itself to focus on the provision of total mooring solutions for the floating renewable energy sector.

Its solutions include design, engineering, fabrication, supply, installation and commissioning of mooring systems for floating offshore wind farms or floating solar farms. Having successfully participated in developmental and prototype projects for six floating offshore wind turbines in Japan and one in Europe, Mooreast is recognised as a global leader of such specialised solutions for the renewable energy sector.

Floating offshore wind farms usually comprise turbines and large rotating blades mounted on floating platforms which are secured by a range of Mooreast products such as subsea foundations, chain stoppers, anchor chains, specialized steel and synthetic ropes. Included in the total mooring solution offered by Mooreast are technical and engineering capabilities such as geophysical, bathymetric and metocean analyses.

Media & Investor Contact Information
WeR1 Consultants Pte Ltd
1 Raffles Place
02-01, One Raffles Place Mall
Suite 332 Singapore 048616
Tel: +65 6721 7161
Isaac Tang, mooreast@wer1.net

EPC Contracts for Energy Industry Online Masterclass is Now Back by Popular Demand

Due to popular demand, Infocus International Group is bringing back the Engineering, Procurement and Construction (EPC) Contracts for Energy Industry online masterclass and it will be commencing live on 23 September 2021. Throughout the five sessions, participants will learn a comprehensive analysis of EPC contracts and of the key considerations in projects and disputes where such contracts are used.

This course provides an in-depth analysis of EPC contracts, their interface with other project documents and their role in the project lifecycle. It discusses key risk allocation issues, and the structuring of the contract in a project financing context. Participants will be introduced to the key terms and negotiation issues in EPC arrangements, the role and incorporation of technical details, and the impact of project specifications in EPC arrangements.

Benefits of Attending:

– Best practices in negotiating EPC contracts
– Understand the procurement options for projects and the associated risks and opportunities
– Consider alternative pricing, incentivisation and risk allocation approaches
– Develop an understanding of the current EPC market and the legal risks associated with such forms of contracting
– Learn what the major areas of dispute may be in construction projects and how to manage them
– Understand the key specificities of construction projects in your region of the world

This course will benefit participants with different levels of experience. For those with no experience, it will provide a basic tool kit of what EPC contracts look like, what are the major terms and perspectives of owners, contractors and lenders, as well as familiarity with what the major areas of dispute may be during the construction phase and how to manage them.

For the more experienced, it will be a masterclass on EPC contracts, covering the key commercial and technical issues in the construction market today. The course director has vast experience of EPC contracts and can answer literally any question on the subject.

Want to learn more?

Simply email to emilia@infocusinternational.com or call +65 6325 0210 to obtain your FREE COPY of event brochure. For more information, please visit https://www.infocusinternational.com/epc-online .

About Infocus International Group

Infocus International is a global business intelligence provider of strategic information and professional services for diverse business communities.

Infocus International recognises clients’ needs and responds with innovative and result oriented programmes. All products are founded on high value content in diverse subject areas, and the highest level of quality is ensured through intensive and in-depth market research from local and international insights.

Emilia Mok
Tel: +65 6325 0210 | Email: emilia@infocusinternational.com
Website: www.infocusinternational.com

FTXT’s 100 Hydrogen Heavy Trucks Demonstration Project for Xiong’an New Area

FTXT Energy Technology, a Great Wall Motor (GWM) subsidiary, along with partners Dayun, Dongfeng and Foton, have successfully delivered a fleet of 100 hydrogen heavy trucks for the Xiong’an New Area construction project in Hebei Province, China. The 49-tonne fleet was unveiled at the Great Wall Technology Center, with the handing over ceremony on August 14 at Service Station #1 on the Rongyi Road in Baoding City, near Xiong’an.

The handing-over ceremony on August 14 at FC Service Station #1 on the Rongyi Road in Baoding City, near Xiong’an.
The heavy trucks are fitted with high-power 111kW hydrogen fuel cell engines, hydrogen stacks and hydrogen storage all by FTXT.
FTXT’s FC engine, stack and storage broke many technical barriers, with an overall performance index and safety performance grades at an advanced international level.

Rongyi Road is the main artery for transporting construction materials to Xiong’an New Area. In the next five years, fuel cell trucks on the road will increase to more than 1,000. The trucks will be refueled at 10 Service Stations along the 50km road. The project aims to establish the basis for expansion to other regions based on its success, and to promote the development of a green transportation system nationwide.

The heavy trucks are fitted with high-power 111kW hydrogen fuel cell engines, hydrogen stacks and hydrogen storage, fly compatible with each other on both power and control levels, developed by FTXT. The engine has a lifetime of 10,000 hours and can be started at -30 degrees C. All system components are locally sourced, with resulting costs decreased by about 28%.

The FC engine has broken many of the industry’s technical barriers, with the overall performance index and safety performance grades at an advanced international level. FTXT aims to extend the technologies to the first commercial vehicle applications using hydrogen energy in China, in the next 3 to 5 years. During the current stage, FTXT will demonstrate and promote 1,330 FCEVs in Hebei province.

GWM, China’s biggest maker of sport-utility vehicles and owner of FTXT Energy, will roll out its first hydrogen-powered SUV this year, and deploy its hydrogen-powered cars during the Winter Olympics in China next year. Zhang Tianyu, head of FTXT Energy, said “The technological breakthroughs we have achieved till now, in many ways have helped us to significantly reduce the costs of the final product, as well as ensure high performance, durability, and overall efficiency.”

About FTXT
FTXT Energy Technology Co., Ltd. a subsidiary of GWM, focuses on the R&D, manufacturing, and sales of hydrogen energy technology. It has a professional R&D team as well as hydrogen energy test bases, fuel cell trial production centers, hydrogen production and liquefaction plants, supporting vehicle test sites, climatic chambers, and other high-quality resources.

FTXT FC-engines and components have been fitted to heavy trucks, light trucks, city buses, sedans, SUVs and pickups. At present, FTXT deploys five R&D centers, in Shanghai, Baoding, Canada, Japan and Germany, forming a multicultural and technologically advanced R&D team. FTXT follows a V model development process to create all fuel cell power systems and components.

Official Website: https://en.ftxt-e.com/
LinkedIn: https://www.linkedin.com/company/ftxt-energy/
Facebook: https://www.facebook.com/FTXTenergy
YouTube: https://www.youtu.be/fU4l8q0pMTo

Media contact:
Tiantian Chen, FTXT
U: http://www.ftxt-e.com