Risen Energy | May 02, 2022
Risen Energy Co., Ltd., a Chinese solar module manufacturer, recently announced that it has signed contracts to supply 2GW of 210 series solar modules with a high strength alloy steel frame to projects throughout Spain, as well as in Hainan and Guangxi provinces, following the modules' November 2021 launch, with shipments exceeding 300MW to date.
Risen Energy's usage of high strength alloy steel frame technology, which decreases carbon emissions and energy consumption, underlines the company's commitment to a low-carbon transition in the era of carbon neutrality. Additionally, it demonstrates the company's new approach to responding to the global call for carbon neutrality by optimizing carbon emissions across the product life cycle, developing innovative technologies that reduce energy consumption during manufacturing, and contributing to the renewable energy sector's energy conservation and emission reduction goals.
The module's superior tear resistance, high strength, and rigidity are enhanced not only by the steel frame, but also by the self-healing zinc-aluminum-magnesium alloy coating, which provides excellent corrosion resistance and contributes to the module's outstanding overall performance even in harsh environments. Currently, Risen Energy's steel frame modules are the company's favored choice.
Risen Energy's innovative steel frame technology-based products now include the TITAN and NewT@N series modules, as well as the heterojunction product Hyper-ion, which was released in late March. The firm intends to continue reducing the carbon footprint of its high-efficiency modules in the future, while also providing an exceptional customer experience that enables customers to contribute to the reduction of carbon emissions.
Capstone Green Energy | March 14, 2022
Angel Yeast Co., Ltd., a publicly traded global yeast and yeast extract company, has achieved another milestone in its green quest toward carbon neutrality by being awarded one of China's "Green Factories" by the Ministry of Industry and Information Technology. The award demonstrates its unwavering dedication to reducing its operations' carbon footprint and demonstrates its tremendous and long-standing commitment to energy conservation and environmental protection.
"As a leading global yeast innovator dedicated to bringing healthy and nutritious yeast-based products to customers worldwide, Angel Yeast shares the global responsibility to drive forward sustainable development by continuously advancing our pledge to reduce energy consumption and carbon emissions. The recognition from China's Ministry of Industry and Information Technology marks another major step for Angel Yeast in our drive to help China and the world accelerate towards the net-zero goal, "
-Xiao Minghua, General Manager of Angel Yeast.
Angel Yeast has increased investment in its manufacturing facilities to equip them with various carbon-reducing solutions—including energy-saving equipment and waste heat and pressure recovery—to reduce energy consumption and meet the company's new green energy production requirements. The company has increased its reliance on solar energy while decreasing its dependency on fossil fuels. Angel Yeast's factories can now recover waste heat created during manufacturing, increasing energy efficiency and reducing steam use. On the other hand, Angel Yeast can use more power because it uses cutting-edge water recycling technology in its business.
In 2021, Angel Yeast began work on adding magnetic levitation fans at its Suixian and Binzhou manufacturing facilities. As a result, all of Angel Yeast's manufacturing facilities now include magnetic levitation fans. In addition, Angel Yeast also enhanced the boiler automation for its Egypt-based company in the same year, installing magnetic suspension chillers for its yeast manufacturing plant in Chongzuo. Another thing that happened this year was that Angel Yeast made twenty-eight technological changes to its plants worldwide. This meant that the company cut its carbon dioxide output by 19,700 tons, cut its power consumption per ton of yeast by 1.4 percent, cut its steam consumption by 2.5 percent, and cut its water consumption by 3.1 percent.
TotalEnergies | February 14, 2022
TotalEnergies announced it has signed a definitive agreement with SunPower Corp.'s to purchase its Commercial & Industrial Solutions (CIS) business for $250 million, including $60 million of earn-out, subject to regulatory evolution. TotalEnergies is the majority shareholder of SunPower, a leading solar technology and energy services provider.
This acquisition is another step in TotalEnergies' roadmap to develop its distributed generation business, currently accounting to close to 500 MW in operation worldwide. It will allow TotalEnergies to extend its distributed generation business footprint to the U.S. and to develop over 100 MW of additional capacity per year. Beyond, this activity will also create synergies with TotalEnergies' large-scale solar energy portfolio in the U.S and enable B2B customers to benefit from more comprehensive energy solutions and new capabilities in financing and project ownership.
As for SunPower, this operation follows previous announcement to focus on its high-growth residential business, offering a superior customer experience with a growing ecosystem of innovative products and services, hence exploring strategic options for the CIS business.
All in all, this win-win operation fully fits TotalEnergies and SunPower's respective strategies to better serve industrial, commercial and residential customers.
With this acquisition, TotalEnergies is further investing to grow its distributed generation activity in the U.S. and support its B2B customers in meeting their sustainable development goals. It is a new milestone in our renewable development in the country, where we are targeting 4 gigawatts of solar capacity by 2025. This will also give SunPower additional resources to focus on the growing residential market. We look forward to welcoming the Commercial & Industrial teams and ensuring the continuity of TotalEnergies' commitment in this business as we integrate this high-quality portfolio of products and customers."
Vincent Stoquart, senior vice president Renewables for TotalEnergies
"TotalEnergies is the ideal partner for our CIS business to take advantage of the growing commercial market and opportunities like community solar and front-of-meter storage," said Peter Faricy, CEO of SunPower. "The sale enables SunPower to focus on creating a superior residential experience, increase our investment in product and digital innovation, and reach more homeowners. The enhanced strategic clarity created by this transaction will help SunPower lead the industry and deliver maximum value to our investors, partners and customers."
Following a thorough process involving discussions with a number of parties, and upon the unanimous recommendation of a special committee of SunPower's independent directors, the acquisition has been approved by both companies. The transaction is expected to close early Q2 subject to the satisfaction of customary closing conditions. This operation is not expected to reduce TotalEnergies' majority ownership stake (50.83%) in SunPower.
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
TotalEnergies in the U.S.
Operating in the United States since 1957, TotalEnergies is focused on identifying opportunities in the evolving U.S. energy market to meet growing energy needs while reducing carbon emissions. The Company is developing a number of solar and energy storage projects in the U.S., targeting 4 gigawatts in cumulative capacity by 2025. It is also positioning itself in the high-potential U.S. offshore wind market. It has qualified to participate in the upcoming New York Bight offshore wind energy auction and launched a joint venture to explore floating offshore wind opportunities off the West Coast.
TotalEnergies and renewables electricity
As part of its ambition to get to net zero by 2050, TotalEnergies is building a portfolio of activities in renewables and electricity. At the end of September 2021, TotalEnergies' gross renewable electricity generation capacity is 10 GW. TotalEnergies will continue to expand this business to reach 35 GW of gross production capacity from renewable sources and storage by 2025, and then 100 GW by 2030 with the objective of being among the world's top 5 producers of electricity from wind and solar energy.