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PR Newswire

Emeren Issues Statement Regarding Silicon Valley Bank

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STAMFORD, Conn., March 12, 2023 /PRNewswire/ — Emeren Group Ltd (“Emeren” or the “Company”) (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced that it does not hold cash deposits or securities at Silicon Valley Bank.

About Emeren Group Ltd
Emeren Group Ltd. (NYSE: SOL) is a leading global solar project developer, owner, and operator with a ~3 GW pipeline of projects and IPP assets across Europe, North America, and Asia. The Company focuses on solar power project development, construction management and project financing services with local professional teams in more than 10 countries. For more information, go to www.emeren.com.

PR Newswire

BLUETTI’s Autumn Sale Adds More Fun to Autumn Outdoor Activities

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SYDNEY, March 7, 2023 /PRNewswire/ — Starting March 7, BLUETTI, the leading brand in clean energy storage industry, is offering a bundle of savings on power stations, solar panels and kits for people to explore nature.

Autumn Camping with BLUETTI
Autumn Camping with BLUETTI

Versatile Power for Glamping and Emergency Backup

Autumn is the time to get out and enjoy the great outdoors. Planning a glamping trip or resuming a van lifestyle cannot be done without mobile power. BLUETTI’s AC200MAX, EB200P and AC200P are the perfect options with their massive power and flexible capacity. They can deliver around 2000W from their 2000Wh LPF batteries, which last over 3500 cycles. Typically, their capacities can be further increased by adding external battery packs of 2048Wh B230 or 3072Wh B300.

Multiple outputs (13 for AC200P, 15 for AC200MAX and EB200P) can charge various devices. The powerhouses also feature multiple charging options, including fast solar input or dual AC + solar input, to bring peace-of-mind for outdoor adventures.  

Mobile Solar Power for Longer Playtime

One of BLUETTI’s goals is to provide enough power people need in the wild. The EB3A ,EB55 and EB70 portable solar generators can certainly live up to expectations. They are both handy and powerful enough: The EB3A can provide 600 W power to 8 different devices from its 268 Wh LFP battery. EB55 has a larger capacity of 537Wh and supports a 1400W surge, powering over 700W devices with 11 outlets. Rated at 1000 W, the EB70 can charge 10 devices from its massive 716 Wh storage.

Even if the solar generators are depleted, they can be quickly replenished by fast solar charging via BLUETTI portable solar panels. All BLUETTI panels, including PV120, PV200, PV350, use monocrystalline cells with up to 23.4% efficiency. They are IP65 rated for water and dust resistance. The fold-and-go design makes them easy to store and transport.

About BLUETTI

With over 10 years of industry experience, BLUETTI has tried to stay true to a sustainable future through green energy storage solutions for both indoor and outdoor use while delivering an exceptional eco-friendly experience for everyone and the world. BLUETTI is making its presence in 70+ countries and is trusted by millions of customers across the globe. For more information, please visit BLUETTI online at https://www.bluettipower.com.au/.

Social Media
Facebook: https://www.facebook.com/bluetti.au
Instagram: https://www.instagram.com/bluetti_australia/
Youtube： https://www.youtube.com/@BLUETTIOfficial

PR Newswire

CNEY Entered the Drinkable Water Market with a Large Order

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LISHUI, China, Jan. 27, 2023 /PRNewswire/ — CN Energy Group. Inc. (NASDAQ: CNEY) today announced that its wholly owned subsidiary, Zhejiang CN Energy New Materials Co., Ltd., had recently obtained a first order to supply high-quality wood-based activated carbon directly to a producer of potable water. The order size is RMB6.486 million, equivalent to approximately US$0.956 million. This is another significant milestone for CNEY after it was awarded in October 2022 the permit to sell to end-users in the vast and fast-growing drinkable water market under its own brand names. This order exemplifies client acceptance and satisfaction on CNEY’s customized products and services for water filtering and purification and is expected to serve as a springboard for increasing CNEY’s sales in both domestic and global markets.  

Dr. Kangbin Zheng, CNEY’s CEO, commented, “We are glad to have signed this first contract just about two months after being authorized to sell directly to end-users. This order is the first step for us to enter a new area full of opportunities for delivering higher values to clients and generating additional revenues. Our team stands ready to continue to expand our marketing networks and to strive for replicating this success story. With refined growth strategies and upgraded technologies, we are quite confident that we will become more productive, competitive, and profitable in 2023.” 

About CN Energy Group. Inc.

CN Energy Group. Inc. is currently listed on NASDAQ under the symbol of CNEY. With patented proprietary bioengineering and physiochemical technologies, CNEY has pioneered and specialized in producing high-quality recyclable activated carbon and renewable energy from abandoned forest and agricultural residues, converting harmful wastes into invaluable wealth and delivering significant financial, economic, environmental, and ecologic benefits.  CENY’s products and services have been widely used by food and beverage producers, industrial and pharmaceutical manufacturers, as well as environmental protection enterprises. For more information, please visit the Company’s website at www.cneny.com.

Forward-Looking Statements

Certain statements, other than statements of historical facts, made in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties, including the further spread of the COVID-19 virus or new variants thereof, or the occurrence of another wave of cases and the impact it may have on the Company’s operations and the demand for the Company’s products, and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial conditions, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to refer to its filings with SEC, including without limitation, Company’s registration statements and other filings with the SEC that set forth certain risks and uncertainties that may have an impact on future results and directions of the Company.

Investor Relations
Tel:+86-571-87555823
Email: ir@cneny.com

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Source: CN Energy Group. Inc.

PR Newswire

JA Solar and Samsung C&T Signs the Qatar 875MW PV Power Plant Module Supply Agreement

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BEIJING, Jan. 19, 2023 /PRNewswire/ — The signing ceremony of the PV module supply agreement of the Qatar 875MW PV power plant project, which is Qatar’s largest photovoltaics (PV) power plant, was recently held at the Samsung C&T headquarters in Seoul, South Korea.

The PV Module Supply Agreement Signing Ceremony between JA Solar and Samsung C&T
The PV Module Supply Agreement Signing Ceremony between JA Solar and Samsung C&T

Under this supply agreement, JA Solar will provide more than 1.6 million DeepBlue 3.0 modules for the Qatar 875MW PV power plant project. The project will be built in the Mesaieed Industrial City and the Ras Laffan Industrial City, and is expected to go into operation in 2024, which will help to promote the transformation of the local energy structure and drive sustainable local economic, social and environmental development.

JA Solar’s DeepBlue 3.0, which exemplifies its product design philosophy of “tailored to increase customer value”, is highly popular in the Korean market and has been selected by this project because of its high efficiency and reliability. The DeepBlue 3.0 applies p-type Percium+ cell technology, Ga-doped silicon wafers technology, half-cell technology, and MBB technology to give an excellent power generation performance. In addition, DeepBlue 3.0 has received the PV industry’s first KS certificate for 182 modules, which demonstrates its power generation advantages and reliable performance.

Source: JA Solar Technology Co., Ltd.

PR Newswire

AlphaESS Reveals Its New Modular Portable Power Stations Equipped with LiFePO4 Batteries at CES 2023

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LAS VEGAS, Jan. 17, 2023 /PRNewswire/ — AlphaESS, a leading global energy storage solution and service provider, unveiled its Gen 3 portable power stations consisting of a variety of swappable batteries that enable customers to DIY their own portable batteries according to their needs.

AlphaESS at CES2023
AlphaESS at CES2023

Modular Portable Power Stations for Camping and Off-grid Adventures

At the CES expo, AlphaESS debuted a new series of products this year – Modular Portable Power Stations with variable capacities from 292Wh to 1,168Wh. By providing a plug-and-play kit, the idea is for customers to be able to design for their specific needs. This new product features 2 slots in the back to insert battery packs, which would come in handy when camping with a group of people. Individuals can grab a battery pack to juice up their own devices. “We try to empower our customers to create their own configurations and make the customization process much more interesting.” Said Alex Lin, head of the AlphaESS Portable Energy Storage Business Unit. The product can be monitored independently on the AlphaCloud platform and fully charged in just 1.5 hours via a wall socket; the transformation to using LiFePO4 batteries also greatly prolongs its lifespan.

BlackBee 2000 and BlackBee 1000 – Backup Power for Emergency

The BlackBee 2000 (2,203Wh/1,600W) and BlackBee 1000 (1,036Wh/1,000W) series are great backup power sources in case of a short-term power outage. The BlackBee 2000 portable power station and 300W solar panels were launched successfully on Kickstarter in 2022. The BlackBee 2000 offers a wide range of port options, including four AC outlets, four USB-A ports, two USB-C ports, two DC ports, two wireless charging pads and a car port, 15 outlets in total. It also comes with two built-in MPPT controllers for faster solar charging. In addition, the BlackBee 2000 boasts automotive-grade chips which allow it to operate faster and more accurately than those using standard commercial chips.

The BlackBee 1000 portable power station weighs only 22.5 pounds. Equipped with 12 outputs, it supports pass-through charging and can keep a refrigerator running for almost 8 hours without noise.

About AlphaESS

Founded in 2012, AlphaESS is a leading global energy storage solution and service provider. The company specializes in residential and commercial applications delivering pre-eminent products and fit-for-purpose solutions. With 15+ subsidiaries around the globe, AlphaESS provides local services for 90,000+ systems actively running in 80+ countries, improving people’s access to clean energy worldwide.

Having celebrated its 10th anniversary last September, AlphaESS is expanding its global footprint from Europe, Australia and China to the United States, paving the way for ongoing growth. With the grand opening of the new office and service center in Denver, Colorado, AlphaESS aims to enable millions of people to enjoy reliable, accessible and clean energy.

For more information, please visit:

https://www.alphaess.com

https://www.alphaess-pps.com

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Source: Alpha ESS USA, Inc.

PR Newswire

Ecolog International Appoints Juan Chaparro as Executive Director and Chairman of the Board

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DUBAI, UAE, Jan. 9, 2023 /PRNewswire/ — Ecolog International, a leading global provider of integrated services and logistics solutions for life support, supply chain, energy and healthcare industries, announced the appointment of Juan Chaparro as Executive Chairman of the Board, as of 01 January 2023.

With over 30 years’ experience as an executive in supply chain management, procurement and sourcing, having worked for globally recognized companies such as Zara (Inditex), Esprit and Primark, Mr. Chaparro brings a wealth of expertise in complex logistics management in fast-paced environments as well as the B2C focus. This aligns with Ecolog’s vision and growth strategy and makes him a valuable addition to the leadership team.

Commenting on his new role, Juan Chaparro said, “Ecolog is a unique organization with distinguished history and the potential to help improve all aspects of the lives of the people it serves, from water and sanitation to catering, healthcare and the wider environment. Its people-driven focus and family-like culture, both internally and externally, are among the many reasons I am excited to be joining”

Mr. Chaparro’s appointment comes at a pivotal time as Ecolog progresses with expanding its service offering into customized healthcare solutions, clean water and renewable energy as well as sustainable food technologies. With projects in both emerging and established markets catering to various institutional clients, Ecolog is set to leverage its scale and footprint to also provide direct services to consumers.

“This is an exciting phase of the company’s development, investigating how we can mobilize our most valuable asset – our people and their skills – to grow their abilities and expand our capacity to assist more people in more ways. I am eager to contribute in my new role and honoured to lead our incredible team towards new heights of success”, said Juan Chaparro.

About Ecolog

Ecolog International is a global provider of integrated services and sustainable solutions tailored to the needs of diverse range of customers in the humanitarian, healthcare, energy, mining and infrastructure industries. Incorporated over two decades ago in Germany, with the footprint in nearly 40 countries, the company’s service portfolio includes life support, supply chain management, construction, engineering, healthcare and environmental services. Driven by the passion to serve people and communities, Ecolog has an extensive experience in providing fast response solutions, integrated and complex logistics as well as mission-critical operations.

Press Contact: press@ecolog-international.com T: +971 (0)4 299 4500 

PR Newswire

Jackery Completes its High-End Solar Generator Pro Family with Launch of 3000 Pro and 1500 Pro at CES 2023

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LAS VEGAS, Jan. 8, 2023 /PRNewswire/ — Jackery, the global leader of innovative portable power and green outdoor energy solutions, has added two more innovative portable solar generators, the 3000 Pro and 1500 Pro, to its high-end Pro family, giving those who love the outdoors a wider choice of power supply options. The two new products debuting at CES 2023, the largest tech event in the world being held at the Las Vegas Convention Center between Jan 5 and 8, can be seen at Jackery’s booth (number 8943). With the 1000 Pro and 2000 Pro also having launched in 2022, the Jackery high-end Solar Generator Pro family is now complete, all set to fully satisfy a wide range of different needs and uses for outdoor lovers.

Go Green with Jackery’s High-End Solar Generator Pro Family

The Solar Generator concept is the result of Jackery’s years of research and development into solar energy and portable power generation. A solar generator is a solar solution that combines a portable power station with solar panels. It converts sun energy captured by solar panels into electrical power and then stores it in a portable power station for later use.

Jackery’s high-end Pro family solar generators have zero emissions and provide sustainable energy. They can achieve ultra-solar charging at an optimal speed of 1.8 hours. They are also adaptable to cold environments as cold as -20°C (-4°F), making them reliable backup power resources when encountering extreme weather such as a winter storm. The solar panels boost an industry-leading solar conversion efficiency rate of up to 25%, allowing solar generators to produce more energy.  Even in hot weather and cloudy days, they can outperform conventional solar panels.

Promising all-round safety, the four products of the Pro family are all shock-resistant and fire-retardant to UL 94V-0 standards. They are all equipped with intelligent Battery Management Systems (BMS) providing 12 forms of protection to cover all kinds of unexpected scenarios including over-current, short current, over-discharge, overcharge, over voltage, thermal protection, and more. This adds extra safety for users when they are enjoying time together with family and friends and cannot spare time to pay close attention to the device’s status. Thanks to its unrivaled cooling system supported by high-precision chips and a maximum of nine sensors, the products achieve dissipation efficiency by 30%.

An ideal choice for power on the go, Jackery’s high-end Pro family solar generators are lighter and smaller. They can be quickly set up in just one minute and can power up to 99% of devices needed for outdoor life. With magnetized foldable solar panels, the products are easily transportable and free up space thanks to the compact design. The sound they produce during operation is as quiet as a whisper, only 30-46 decibels.

Jackery’s Latest Answer to Outdoor Lovers’ Different Needs

For over a decade, Jackery has been a pioneer of renewable energy technology, specializing in versatile portable solar generators.  The company has used its experience and expertise in solar energy to develop high-performance, safe, and affordable portable power generators that reduce people’s reliance on fossil fuels.  The Jackery Solar Generator Pro family, with enhanced safety features and a wide range of power capacity options, is the brand’s latest answer to meet a wide range of requirements.

With fast-charging capabilities, the Jackery 1000 pro and 1500 pro are ideal for camping trips. The Jackery 2000 Pro and 3000 Pro have more storage capacity, they make excellent RV companions or reliable emergency backups. The 3000 Pro, for example, can support a family to maintain basic needs of life such as emergency lighting, food preservation or cooking, and survive a power outage for at most two days on a single full charge.

It is also a good choice for families and individuals who enjoy spending time outdoors. Whether exploring new and untouched lands, going camping, going on an RV trip, or simply staying in the backyard for a cozy weekend, Jackery’s Pro family ensures easy access to clean power at all times, both on and off the grid.

The Jackery Explorer 1500 Pro and Solar Generator 1500 Pro with 1 SolarSaga 200W are priced at USD 1699 and USD 2099, respectively. Pre-orders start from January 16th on Jackery’s official website with a warm-up discount of 15% OFF while the official sale date is February 1st. For more information, please visit Jackery’s official website at https://www.jackery.com/.

About Jackery

Jackery, the world’s leading innovative portable power and green outdoor energy solution provider founded in California in 2012, is a global top-selling solar generator brand born with a vision to offer green energy to everyone, everywhere. Jackery launched the world’s first outdoor portable power stations in 2016 and developed the world’s first portable solar panels in 2018. Having introduced solar generators to the great outdoors, Jackery fulfills the power needs of every nature-lover, inspiring them to explore further and seek more extraordinary experiences than before.

Expanding its footprint from the US to Europe, Japan, and China, Jackery has sold more than 2 million units globally since 2018, with its products consistently selected as Best Sellers on Amazon. The brand has so far received 40 prestigious international design awards, including the Red Dot Design Award, the iF Design Award, the A’ Design Award and Competition, the Best of IFA Award and the CES Innovation Award.

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Source: Jackery Inc.

PR Newswire

Hedonova enters the renewable energy sector by investing $16M in a Chilean energy storage plant

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  • Total investment of $16M
  • The plant is located 800 kms north of Chile’s capital Santiago in the Atacama region
  • The plant can store up to 2000 megawatts which can serve 80,000 to 100,000 homes

NEW YORK, Dec. 31, 2022 /PRNewswire/ — Hedonova, a US-based hedge fund investing in alternative asset classes like start-ups, real estate, and asset leasing has forayed into the fast-growing energy storage sector by investing $16M in a storage plant in Chile that operates on the CRYOBattery technology. The energy storage plant is located 800 kms north of Chile’s capital Santiago in the Atacama region. The plant uses air liquefaction technology where ambient air is cooled to -196 degrees celsius. The liquefied air is then heated to expand and run turbines to generate electricity. The plant will be operational from January 2023.

The energy storage plant Hedonova has invested in can store up to 2000 megawatts of energy. This can supply electricity to around 80,000 to 100,000 homes in Chile. Chile has enacted a new law on energy storage and electromobility, following its approval in parliament in October. The bill seeks to increase the country’s use of renewable energy particularly through the use of energy storage as a way to get around grid congestion, which currently means that a majority of renewable energy is dumped. According to SP Global, Chile is set to become one of the top 3 exporters of green energy by 2040. Being a hotbed of rich renewable energy sources, Hedonova saw Chile as a fit candidate for lucrative investment opportunities.

Alexander Cavendish, CEO of Hedonova said – “The total investment pipeline of the power plant is $160 million off which we have invested 10%. This is an integrated investment from our real estate and equipment financing portfolios. Hedonova owns the land and has leased it to the power company and has also financed the CRYObatteries. We are also working with Chilean regulators to ensure the plan earns carbon credits that can be sold on the open markets.”

At present, CRYObattery technology has a comparatively smaller footprint than other green energy technologies like solar or wind energy, for instance. However, the technology is scalable with no size limitations or geographic constraints. The list of capabilities it can offer includes voltage control, grid balancing, and synchronous inertia giving grid operators the flexibility to manage power and energy services independently

Apart from Chile, the USA and UK lead in launching and experimenting with CRYObattery initiatives through commercial plants and grid scales.

About Hedonova

Hedonova is an Alternative Investment Fund that holds a diversified portfolio of alternative assets such as non-fungible tokens (NFTs), wine, cryptocurrencies, and real estate. With feeder funds in Switzerland, Luxembourg, Singapore, and India, European and Asian investors can diversify their investments in alternative assets that could conceivably appreciate, from art to wine and sports collectibles could be classified as an alternative investment.

https://www.hedonova.io/

Contact:  media@hedonova.io

PR Newswire

JinkoSolar Announces Results of 2022 Annual General Meeting

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SHANGRAO, China, Dec. 27, 2022 /PRNewswire/ — JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that results of the Company’s 2022 annual general meeting (the “2022 AGM”).

The following ordinary resolutions (Resolutions 2 – 5 as set out in the Notice of the 2022 AGM published by the Company on November 23, 2022) were duly passed by a majority of the Company’s shareholders entitled to vote at the 2022 AGM, and therefore were approved in accordance with the Third Amended and Restated Memorandum and Articles of Association of the Company (the “Articles of Association”):

2. The re-election of Mr. Haiyun Cao as a director of the Company;
3. The ratification of the appointment of PricewaterhouseCoopers Zhong Tian LLP as auditors of the Company for the fiscal year of 2022;
4. The authorization of the directors of the Company to determine the remuneration of the auditors of the Company; and
5. The authorization of each of the directors of the Company be authorized to take any and all action that might be necessary to effect the foregoing resolutions 1 to 4 as such director, in his or her absolute discretion, thinks fit.

The following ordinary resolution (Resolution 1 as set out in the Notice of the 2022 AGM published by the Company on November 23, 2022) failed to receive votes from a majority of the Company’s shareholders entitled to vote at the 2022 AGM, and therefore was rejected in accordance with the Articles of Association:

1. The re-election of Mr. Kangping Chen as a director of the Company.

Upon the effectiveness of the results of the 2022 AGM, the board of directors of the Company consists of six directors, including three independent directors.

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions.

JinkoSolar has 14 productions facilities globally, 21 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the United States, Mexico, Brazil, Chile, Australia, Canada, Malaysia, UAE, and Denmark, and global sales teams in China, the United States, Canada, Germany, Switzerland, Italy, Japan, Australia, Korea, India, Turkey, Chile, Brazil, Mexico and Hong Kong, as of September 30, 2022.

To find out more, please see: www.jinkosolar.com

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the quotations from management in this press release and the Company’s operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar’s filings with the SEC, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:
In China:
Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: ir@jinkosolar.com

Mr. Rene Vanguestaine
Christensen
Tel: +86 178 1749 0483
Email: rvanguestaine@ChristensenIR.com

In the U.S.:
Ms. Linda Bergkamp
Christensen, Scottsdale, Arizona
Tel: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com

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Source: JinkoSolar Holding Co., Ltd.

PR Newswire

Masdar-led consortium strengthens partnership to advance landmark 4 GW green hydrogen program in Egypt

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  • UAE’s Masdar, Hassan Allam Utilities, and Infinity Power sign framework agreement with Egyptian state-backed entities for the development of green hydrogen and derivatives’ production facilities
  • First plant scheduled to be operational by 2026; consortium targeting capacity of 4 GW by 2030, and an output of up to 480,000 tons of green hydrogen per year
  • Agreement highlights UAE’s support for Egypt’s clean energy objectives; follows Masdar’s historic announcement of 10 GW wind project in country

ABU DHABI, UAE, Nov. 17, 2022 /PRNewswire/ — Masdar, the UAE’s flagship clean energy company, and its consortium partners, Infinity Power Holding and Hassan Allam Utilities, announced that they have signed a framework agreement with leading Egyptian state-backed organizations on the development of a 2 gigawatt (GW) green hydrogen project in the Suez Canal Economic Zone (SCZONE).

The Masdar-led consortium signed two Memorandums of Understanding (MoUs) in April with Egyptian entities, related to the development of two green hydrogen production plants in the country, one in the SCZONE and the other on the Mediterranean. The consortium is targeting an electrolyzer capacity of 4 gigawatts (GW) by 2030, and an output of up to 480,000 tonnes of green hydrogen per year.

Yesterday’s agreement was signed on the sidelines of the 2022 United Nations Climate Change Conference (COP27) in the presence of HE Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, Special Envoy for Climate, and Chairman of Masdar, HE Dr Mohamed Shaker El-Markabi, Egypt’s Minister of Electricity and Renewable Energy and HE Hala Al-Said, Egypt’s Minister of Planning and Economic Development.  HE Dr Thani Al Zeyoudi, UAE Minister of State for Foreign Trade, and HE Mariam Al Kaabi, UAE Ambassador to Egypt were also present.

The signatories were Mohammad Abdelqader El-Ramahi, Director for Asset Management, Technology and Green Hydrogen, at Masdar, Amr Allam, Chief Executive Officer of Hassan Allam Utilities, and Mohamed Ismail Mansour, Chairman of Infinity Power Holding. CEOs from the state-backed organizations also attended the event.

H.E. Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, UAE Special Envoy for Climate, and Chairman of Masdar, said, “Today’s announcement serves to strengthen the ties between the United Arab Emirates and the Republic of Egypt and highlights our two nations’ commitment to delivering zero-carbon energy solutions. This 4 GW green hydrogen program follows Masdar’s announcement last week of a 10-gigawatt wind project in Egypt, also with our partners Hassan Allam Utilities and Infinity Power Holding – both will support Egypt’s decarbonization objectives. Through Egypt’s hosting of COP27, our two countries have also been able to exchange expertise and share insights that we will take forward and build on in the UAE when we host COP28 next year.”

Mohamed Ismail Mansour, Chairman, Infinity Power, said, “We are honored to be working on our first ever Green Hydrogen project, as a part of the consortium with Masdar and Hassan Allam Utilities. The project is expected to facilitate economic growth for the country as well as help position Egypt as a Green Fuel Hub, propelling the country forward on its journey in becoming a green economy. We look forward to being a part of many such projects in the future.”

Amr Allam, CEO of Hassan Allam Holding, said, “Such strategic partnerships between Hassan Allam Utilities, Masdar, and Infinity Power provide more opportunities that support Egypt’s transition towards a green economy and promote sustainable development across the country. We are proud to contribute to the development of green hydrogen production facilities in Egypt while leveraging the country’s abundant natural resources.”

Nayer Fouad, CEO, Infinity Power, said, “We are always working towards expanding our portfolio of services across all technologies of sustainable energy production. This is a milestone event for us at Infinity Power, and we look forward to continuing to build upon our efforts with more Green Hydrogen projects as we move forward towards making the vision of a sustainable Africa a reality.”

Mohammed Jameel Al Ramahi, CEO, Masdar, said: “Today’s announcement takes us a vital step closer to advancing this massive collaborative project, which stands to bolster Egypt’s energy independence and enable the production of high-value green hydrogen derivatives for export, like green ammonia. With the first green hydrogen molecule set to be produced by 2026, it is imperative we continue to maintain momentum to ensure timely completion of this groundbreaking undertaking.”

As per the agreement, the consortium will enter into a binding framework agreement with the SCZONE, the Egyptian New and Renewable Energy Authority (NREA), Egyptian Electricity Transmission Company (EETC), and The Sovereign Fund of Egypt (TSFE). The agreement sets out the key terms and conditions for the green hydrogen development program with a focus on the first phase of the program.

In the first phase of the project, the consortium will establish a green hydrogen manufacturing facility in the SCZONE, scheduled to begin operations by 2026. The electrolyzer facilities in the SCZONE and on the Mediterranean could be extended to up to 4 GW by 2030 to produce 2.3 million tonnes of green ammonia for export as well as supply green hydrogen for local industries.

Egypt enjoys abundant solar and wind resources that can allow for the generation of renewable power at a highly competitive cost, a key enabler for green hydrogen production and is located within proximity to markets where demand for green hydrogen is expected to grow the most, providing a robust opportunity for export.

Masdar, Infinity Power and Hassan Allan Utilities last week announced they had signed an agreement to develop a 10 GW onshore wind project in Egypt – one of the largest wind farms in the world. Once completed, the wind farm will reduce carbon dioxide emissions by 23.8 million tonnes a year – equivalent to 9 percent of Egypt’s current output

Egypt is targeting renewables to make up 42 percent of its energy mix by 2035, while Egyptian authorities are reportedly working to revise the country’s renewable energy strategy to include green hydrogen.

Africa could capture as much as 10 percent of the global green hydrogen market, helping to create up to 3.7 million jobs and adding as much as US$120 billion to the continent’s gross domestic product (GDP), according to a report issued jointly by Masdar and its Abu Dhabi Sustainability Week (ADSW) platform at COP27 last week.

Active in more than 40 countries across the world, Masdar is invested in a portfolio of renewable energy assets with a combined value of more than US$20 billion and a total capacity of more than 15 GW. In December, it was announced that Abu Dhabi National Energy Company PJSC (TAQA), Mubadala Investment Company, and Abu Dhabi National Oil Company (ADNOC) will partner under the Masdar brand to create a truly global, clean-energy powerhouse intended to spearhead the drive to net-zero carbon by 2050 while cementing the UAE’s leading role in green hydrogen.