Gen X Energy | January 18, 2022
Gen X Energy enters into a joint venture with ACE Enexor Inc., a subsidiary of AC Energy Corp., to develop Batangas Clean Energy, Inc.’s 1,100 MW combined cycle power plant project. The project will be capable of using natural gas and green hydrogen as its fuel to provide firm power to the grid to meet the Philippines’ growing energy demand and reduce the country's reliance on coal fired power generation. The joint venture will result in Gen X Energy and ACE Enexor each holding a 50% interest in BCE.
We are excited about this opportunity to partner with ACE Enexor in the Philippines to meet the energy needs of the Philippines and facilitate the country’s transition to cleaner sustainable sources of energy.”
Scott Kicker, Founder and Chief Executive Officer of Gen X Energy
The project will be strategically located in the Batangas Bay Area of the Philippines, close to the load center of Metro Manila. Gen X Energy will continue holding a 50% interest in BCE through its wholly owned subsidiary Red Holdings B.V.
XCMG | February 22, 2022
XCMG releases a program of action (PoA) for peak carbon and carbon neutrality, detailing planning, implementation and actual safeguard measures of sustainable transformation paths — including low-carbon transformation of energy consumption structure, green and intelligent manufacturing integration and upgrade, emissions reduction with supply chain alliance and digitalized, intelligent advancement.
The PoA also specifies XCMG's short-, mid- and long-term targets in achieving "dual carbon" goals, that by 2035, power generated from renewable energies will account for 50 percent of XCMG's total electricity use, product penetration of new energy products will thrive to exceed 35 percent, and the carbon footprint of key products including excavators and cranes will be reduced by 32 percent compared to 2020.
The action plan for 'dual carbon' goals aims to establish a uniform and precise approach in terms of strategy to help XCMG in building a green value chain with innovation-enabled, low-carbon intelligent construction machinery solutions achieved through technology, manufacturing, service and operation management, and we're committed to making great contributions to the sustainable development of society."
Wang Min, Chairman and CEO of XCMG
The PoA elaborated on XCMG's long-term vision of going green and low-carbon and key missions that are already carried out actively to explore engineering technologies in the hope of creating net-zero carbon values for global construction:
New energy, low-carbon technologies and products: XCMG has developed more than 50 items of green, energy-saving core technologies, building production clusters of new energy and low-carbon products as well as pilot unmanned, intelligent application scenarios.
Green and intelligent manufacturing: XCMG has three green factory demonstration companies accredited by the Ministry of Industry and Information Technology of People's Republic of China and one green supply chain demonstration company, XCMG Hosting Machinery is the industry's first company to pass the level-4 certification of intelligent manufacturing capability maturity. XCMG also took the lead in establishing two green design product standards.
Green supply chain: continues to promote energy conservation, emission reduction, recycling, green and low-carbon management throughout the supply chain, paying more attention to product life, energy consumption, hazardous substances and abandonment management. XCMG has recycled over 10,000 packaging materials in the recent two years.
Reducing energy consumption and emissions: XCMG has built a smart, full lifecycle energy management system. In 2020, the company's energy consumption per 10,000 yuan of output value has been reduced by 29.3 percent compared to data from 2015. The construction of centralized collection and treatment facilities for fumes and dust is covering all of the welding areas, and the company has invested over US$47.4 million to reinforce VOC emissions in coating over the past three years.
Short term, XCMG aims to reduce comprehensive energy consumption per unit by 15 percent and carbon emission by 26 percent by the end of 2025, compared with 2020. By 2027, XCMG aims to reach peak carbon within its operation boundaries and lower comprehensive energy consumption per unit by 18 percent and carbon emission per unit output by 31 percent compared to 2020. Total energy consumption wise, XCMG expects to grow self-generating photovoltaic power and wind power seven-fold, and market penetration of new energy products will reach 25 percent.
In the long term, XCMG strives to be carbon neutral within its operation boundaries by 2049, promoting emission reduction of upstream and downstream enterprises across the industry chain and establishing a low-carbon, clean, safe and efficient green energy system with internationally advanced energy utilization efficiency.
Greenland Technologies Holding Corporation | May 13, 2022
Greenland Technologies Holding Corporation (NASDAQ: GTEC) ("Greenland" or the "Company"), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, today announced the launch of HEVI Equipment, its new clean industrial heavy equipment brand. HEVI Equipment will serve as a rebranding of the Company's Greenland Machinery division that produces all electric industrial sized front loaders, excavators and other equipment. The Company's focused strategy is symbolized in the iconic American bison logo, which exemplifies a healthy, green environment, strength, durability and graceful power. Customers can find more information at www.gethevi.com.
The American bison has a message of duality. On one hand it serves to show the strength, power, and ruggedness that a bison possess that our vehicles also demonstrate. While on the other hand, the American bison is a living example that through endurance, perseverance, and the drive towards a more sustainable environment, we can begin to right our wrongs and start taking the steps towards a cleaner tomorrow. The American Bison was nearly driven to extinction in the 19th century from human interference and over hunting. After realizing the near extinction of the species, Americans began to take concerted efforts to preserve the species, which is why today, the American bison is once again roaming the plains freely.
"This is another important step in our company's evolution. We reached a critical juncture having launched our initial electric industrial equipment models. With the rebranding of our Greenland Machinery division as our HEVI Equipment division, we believe we will gain a further advantage in the market. We are drawing on our Company's highly successful history and leveraging our expertise in the industrial market to accelerate growth in the rapidly evolving industrial electric vehicle market."
-Raymond Wang, CEO of Greenland
About Greenland Technologies Holding Corporation
Greenland Technologies Holding Corporation (NASDAQ: GTEC) is a developer and a manufacturer of drivetrain systems for material handling machineries and electric vehicles, as well as electric industrial vehicles. Information on the Company's clean industrial heavy equipment division can be found at HEVI Equipment, its new clean industrial heavy equipment division.
Cemvita Factory | February 18, 2022
The Gold Hydrogen Program, a coalition of organizations seeking to support the scale of this clean energy resource, announced its launch — and the debut of a pilot microbial Gold Hydrogen Process — during this week's 2nd American Hydrogen Forum.
A joint industry partnership to commercialize clean, gold hydrogen, the program's founding members include Cemvita Factory (innovator in low-carbon microbial solutions for energy and mining resource extraction, production, and renewal), and Chart Industries, Inc. (a leader in clean energy solutions). Other collaborators include EXP (a global engineering and consulting firm); and The Center for Houston's Future (a nonprofit organization devoted to fact-based strategic planning, collaboration, and action on issues of great importance to the long-term future of Houston).
Hydrogen can be naturally occurring or manufactured and when burned, its only byproduct is water. At almost double the efficiency of conventional fuel, it is a prized source of clean energy. However, conventional hydrogen production is energy-intensive; thus, hydrogen products are classified by colors — green, blue, grey, brown, and more — that describe the process used for creation (including electrolysis, steam-methane, oil, or coal production methods).
Found naturally deep in the Earth, "gold hydrogen" is an unparalleled resource that until now, has been cost-prohibitive to extract and not commercially viable. However, this could change with new subsurface biomanufacturing techniques, spearheaded by Cemvita, that hold the promise for efficient and clean extraction.
With the potential to revitalize and remediate thousands of depleted, abandoned oil and gas reservoirs around the country, the extraction techniques meld existing infrastructure with cutting-edge microbiology to scale clean energy solutions quickly while creating new revenue streams for heavy industry companies.
Gold Hydrogen presents a unique opportunity for innovative companies to serve and thrive in the transition to a clean economy. Replete with assets and infrastructure, skilled workforces, and global footprints, these companies can be leaders at a time when ambitious climate action is dramatically increasing demand for energy, resources, and minerals. But this will not be possible without scalable innovations to rapidly reduce the carbon footprint of operations."
Moji Karimi, CEO of Cemvita Factory
"Microbiology shows incredible potential for unlocking the promise of Gold Hydrogen in a clean, efficient way," said Zach Broussard, Head of Petroleum Microbiology at Cemvita and Gold Hydrogen Program Manager. "Through this program, we are looking forward to collaborating with companies who value innovation and are committed to leading the clean energy transition."
"The need for innovative energy solutions is paramount as the world continues to shift towards green energy. To help clients achieve their goals of outcome-focused, safe, and achievable energy solutions, we joined Cemvita and partners on this important initiative," says EXP's Business Development Director, Energy Services L.J. Guillotte.
"Cemvita Factory's work on building an alliance to commercialize Gold Hydrogen and to transform heavy industries for a net-zero economy shows how Houston companies can lead in low-carbon energy innovation," said Brett Perlman, CEO of the Center for Houston's Future. "The Center is creating a coalition of stakeholders, including Cemvita and its partners, committed to developing the Houston region as a clean hydrogen hub. Cemvita's work illustrates how Houston's deep energy industry expertise can drive this effort."
"We continue to believe that innovation and collaboration are critical to the future of hydrogen and the accomplishment of private and public carbon emission reduction goals," stated Jill Evanko, CEO of Chart Industries. "Cemvita has a unique approach to this, and we are pleased to partner with another application that is likely to utilize Chart hydrogen and cryogenic equipment."
Through the Gold Hydrogen Program, member companies collaborate to generate gold hydrogen cleanly, efficiently, and at scale to meet rising global demand. Program members receive early access to IP at preferential rates, and participation in the group is capped at ten members.
About Cemvita Factory
Cemvita Factory, Inc, is on a mission to reimagine the heavy industries such as Oil and Gas and mining for the net-zero economy. This is done by sustainable extraction of natural resources, low-carbon production of chemicals, and closed-loop renewal of waste as feedstock.
About Chart Industries, Inc.
Chart Industries, Inc. is a leading independent global manufacturer of highly engineered equipment servicing multiple applications in the Energy and Industrial Gas markets. Our unique product portfolio is used in every phase of the liquid gas supply chain, including upfront engineering, service and repair. Being at the forefront of the clean energy transition, Chart is a leading provider of technology, equipment and services related to liquefied natural gas, hydrogen, biogas and CO2 Capture amongst other applications. We are committed to excellence in environmental, social and corporate governance (ESG) issues both for our company as well as our customers. With over 25 global locations from the United States to Asia, Australia, India, Europe and South America, we maintain accountability and transparency to our team members, suppliers, customers and communities.
With a mission to understand, innovate, partner and deliver, EXP provides engineering, architecture, design and consulting services to the world's built and natural environments. Our heritage dates back to 1906, when the earliest of EXP's predecessor companies started its engineering infrastructure practice.
Today, thousands of EXP professionals across North America provide the passion and experience needed to deliver successful projects around the world.
About Center for Houston's Future
Center for Houston's Future is a 21-year-old nonprofit that brings business, government, and community stakeholders together to engage in fact-based strategic planning, collaboration and action on issues of great importance to the region.