ENERGY

Volvo Energy invests in Connected Energy for second life battery business

Volvo Energy | June 17, 2022

shutterstock_767486674-min.jpg
Volvo Energy invests in the UK-based, second-life battery energy storage specialist Connected Energy in order to further accelerate Volvo Group's battery business and sustainability opportunities.

In its mission to support and secure an attractive and sustainable circular business model for batteries, Volvo Energy is investing approx. SEK 50 M for 10 percent in the UK-based second-life battery energy storage specialist Connected Energy.

"There is a great deal of untapped potential in the second-life use of batteries. This forward-leaning investment aims to facilitate the scaling-up of second-life battery energy storage systems and further secure circular business opportunities for the forthcoming ramp-up in Volvo Group's second-life battery returns, Together with Connected Energy, we will minimize the environmental impact of the batteries that has powered Volvo Group vehicles. By repurposing the batteries, we obtain the full value from them – from a climate, environment and business perspective."

- Joachim Rosenberg, President Volvo Energy.

"We couldn't be more pleased to welcome our new investor Volvo Energy on board and look forward to forging a path to increasing the sustainability of both electric vehicles and grid connected energy storage. Our collaboration will enable us to optimize the potential for battery reusage and ensure that the resources in the batteries are used effectively,"

- Matthew Lumsden, CEO Connected Energy.

Volvo Energy is one of five new investors including Caterpillar Venture Capital Inc., the Hinduja Group, Mercuria, OurCrowd to join existing investors of Connected Energy; Engie New Ventures, Macquarie, and the Low Carbon Innovation Fund.

Facts Volvo Energy
Volvo Energy is a business area within the Volvo Group dedicated to providing essential support and infrastructure during the first-life, i.e. when batteries are mounted on vehicles, whilst subsequently securing reliable and sustainable second-life opportunities prior to battery recycling. Consequently, Volvo Energy supports to optimize first-life, creates and prolongs the second-life opportunities and thereby expanding the value creation from a climate, environment and business perspective.

Facts Connected Energy 
With its headquarters in Newcastle upon Tyne, Technical Centre in Norfolk and systems operational in the UK, Belgium, Germany and Netherlands, Connected Energy is one of only a handful of companies in the world to have proven that second life vehicle batteries can be used in commercial battery storage systems. Connected Energy has sixteen operational systems across Europe: Belgium, Germany, the Netherlands and the UK with its largest at Cranfield University in Bedfordshire, England.

Spotlight

The group Nordex/Acciona Windpower offers powerful wind turbines for nearly all geographical regions across the globe.


Other News
ENERGY

Supporting the Low-carbon Development of Automotive Industry, GWM Opens Over 1,000 New Energy Vehicle Patents

GWM | June 18, 2022

Recently, the data released by AutoPat, the global automotive patent big data platform, shows that GWM opened over 1,000 new energy vehicle technology patents last year. This year, GWM has opened 1,301 new energy vehicle patents and authorized 914 patents, ranking first among vehicle enterprises in the Chinese market. According to a report also released by this website, with GWM taking the lead, the number of patents open to the market by Chinese finished vehicle enterprises has grown rapidly, which has caught up with or surpassed foreign-funded vehicle enterprises in the Chinese market. For many years, GWM has continuously increased investment in new energy vehicle R&D and established diverse development paths by launching hybrid and pure electric vehicles. To accelerate the iteration and upgrading of new energy products, GWM has developed the L.E.M.O.N. DHT technology. It is a highly integrated petrol-electric hybrid system that applies to models with power architectures of PHEV or HEV. The models of both architectures can provide a longer, more powerful and comfortable driving experience for consumers. WEY Coffee 01, which adopts the PHEV architecture, is equipped with a high energy density power battery pack, with relatively longer pure electric range. In daily usage, this configuration could reduce the number of charges and helps users feel free from the trouble of frequent charging to the maximum extent. This car can also automatically switch into the mode with a combined power output of fuel and electric energy to allow drivers to speed up with enough power for overtaking when driving at high speed. In order to meet global diverse buyers' demands for more economical and environmentally friendly driving, GWM launched HAVAL JOLION HEV and HAVAL H6 HEV in the Thai market. Supported by the L.E.M.O.N. DHT, the two models can fulfill the low fuel consumption needs in different road conditions. when drivers encounter traffic congestion during rush hours, the system can switch to electric power to minimize fuel consumption. GWM also makes various technological achievements in the pure electronic vehicle field, such as electric drives and electric controls. Among them, the L-type long battery cells have been applied to various models of the ORA brand successfully in China market. Now, GWM adheres to the concept of " Excessive Investment and Precise R&D". According to the 2022 GWM financial report, GWM invested CNY 9.07 billion in the R&D of new energy and intelligent technologies last year. To meet the goal of global carbon neutrality, GWM will keep expanding the layout for new energy products in the future. The company has planned to launch dozens of new energy vehicles in the coming years to bring a greener and more intelligent driving experience to customers around the globe.

Read More

ENERGY

Renewable Energy Group Enters Strategic Partnership with CFN and Pacific Pride to Expand Distribution of Cleaner Fuels

Renewable Energy Group, Inc. | May 23, 2022

Renewable Energy Group, Inc. (REG) (NASDAQ: REGI), a global producer and supplier of bio-based diesel, has entered into strategic collaboration agreements with CFN and Pacific Pride, two of North America’s largest cardlock fueling networks, to provide cleaner fuels through their branded cardlock networks. Partnering REG’s portfolio of bio-based diesel with CFN and Pacific Pride’s vast network of cardlocks will allow the companies to play a critical role in furthering the utilization of cleaner fuels by fleets across North America.REG’s bio-based diesel is easy to adopt and immediately begins reducing fossil carbon emissions. Under the new arrangement, REG’s UltraClean BlenD™, a proprietary blend of biodiesel and renewable diesel, and other fuels from REG’s EnDura Fuels™ product line, will be available to customers via CFN and Pacific Pride’s vast cardlock network. CFN and Pacific Pride operate cardlocks in a number of regions across the U.S. and Canada. “We continue to provide our Marketers with the tools and products they need to adapt to a changing marketplace, Our alliance with Renewable Energy Group will position our networks for the future by ensuring we have the products available to meet the needs of the growing biofuels market.” -CFN and Pacific Pride President, Eric Lind For REG, this opens up new customer opportunities through a larger geographic footprint, and allows the business to provide bio-based diesel directly to end users. The businesses are committed to continuing to provide customers with the quality and service they expect, with an expanded offering of cleaner fuel options. This collaboration exemplifies what we want to do at REG: work with industry leading companies and help guide customers during the energy transition by enabling them with access to clean fuel alternatives, said Bob Kenyon, Senior Vice President, Sales and Marketing at REG. “Our cleaner fuels and customer service are helping to reduce greenhouse gas emissions today and offer a plug-and-play solution for most fleets across North America. The organizations hope to begin expanding availability of bio-based diesel later this year, initially focused on cardlocks on the West Coast. Renewable Energy Group’s technical services team will support the implementation, ensuring customers are receiving the best products for their region and season. About Renewable Energy Group Renewable Energy Group is leading the energy and transportation industries’ transition to sustainability by converting renewable resources into high-quality, sustainable fuels. Renewable Energy Group is an international producer of sustainable fuels that significantly lower greenhouse gas emissions to immediately reduce carbon impact. Renewable Energy Group utilizes a global integrated procurement, distribution and logistics network to operate 11 biorefineries in the U.S. and Europe. In 2021, Renewable Energy Group produced 480 million gallons delivering 4.1 million metric tons of carbon reduction. Renewable Energy Group is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future. About CFN and Pacific Pride CFN and Pacific Pride provide fuel card authorization, transaction processing, cardlock site branding, and reciprocal site access for independent petroleum marketers. Marketers join the CFN and Pacific Pride networks to provide their fleet customers access to cardlock network locations, and realize the economic benefit from customers of other members fueling at their locations. Through a CFN or Pacific Pride affiliation, petroleum marketers can offer commercial fleets an integrated fueling solution with access to over 57,000 locations via the Fuelman® network, a FLEETCOR® company. Based in Seattle, Washington, CFN and Pacific Pride are the largest private-branded cardlock networks in North America. CFN and Pacific Pride are part of the FLEETCOR® (NYSE: FLT) portfolio of brands.

Read More

ENERGY

Andersen Corporation and Ubiquitous Energy Announce Plans to Develop First Energy Generating Windows and Doors Without Aesthetic Compromises

Andersen Corporation | August 18, 2022

Andersen Corporation, manufacturer of the #1 innovative window and door brand*, and Ubiquitous Energy, the world leader in transparent solar technology, have entered into an agreement to jointly develop a first-of-its-kind energy generating window and door products.The companies are working together to bring products to market that will revolutionize solar generation for residential and light commercial buildings. The products will leverage Ubiquitous Energy's UE Power™ technology, the only patented and visibly transparent photovoltaic glass coating that harnesses solar power to generate electricity, while remaining almost indistinguishable from traditional windows. With this revolutionary technology, the products the companies are jointly developing are intended to bring renewable energy generation to windows and doors while providing a clear, natural experience that is similar to what is expected from traditional windows and doors. "By combining Andersen's expertise in crafting innovative window and door products that deliver quality, design aesthetic and energy efficiency with the unique properties of UE Power™ technology, our vision is to develop products that go beyond energy efficiency to energy generation, This is a powerful opportunity to leverage our industry leadership, product development expertise and manufacturing capabilities to help bring innovative new products to the marketplace that will improve the homeowner experience and make the world a better place." -Brandon Berg, senior vice president, research, development and innovation, Andersen Corporation. Andersen is a leading investor in Ubiquitous Energy and a longtime pioneer in the window and door industry with more than 225 patents to its name over time. Andersen's investment in Ubiquitous Energy represents the company's future-focused interest in advancing the fenestration industry with disruptive technology solutions that have the potential to elevate the industry and contribute to a healthier environment. The companies began their relationship with an investment from Andersen in Ubiquitous Energy's Series B financing in 2021. Since then, Ubiquitous Energy has demonstrated significant progress, validating its large area coating equipment with the ability to uniformly coat floor-to-ceiling glass in addition to advancing its next-generation materials pipeline using artificial intelligence. UE Power™ technology serves as a visibly transparent solar panel that adds renewable energy generation capability to window and door glass while maintaining visual aesthetics. Ubiquitous Energy is actively raising funding to accelerate commercialization efforts, including funding for a U.S.-based manufacturing facility that will supply the first transparent solar window and door units to Andersen and other partners and customers. We are excited to continue to deepen our relationship with Andersen to together create the first UE Power™ window and door products for residential and light commercial buildings. Our companies have a shared goal of changing the way the world uses solar power and positively impacting the environment in a big way without compromising aesthetics or function, said Susan Stone, chief executive officer, Ubiquitous Energy. ABOUT ANDERSEN CORPORATION Andersen was founded in 1903 on the philosophy of working "all together" to deliver on its promise to its customers. Every day, the company's more than 13,000 employees are empowered to imagine what's possible and do what's right. Andersen delivers products for the way people live, unmatched performance for the comfort and security homeowners desire, and endless design options to achieve any style. Headquartered in Bayport, Minn., Andersen Corporation and its subsidiaries manufacture and market window and door products under the Andersen®, Renewal by Andersen®, EMCO® and MQ™ brands. Andersen, a privately held company, operates manufacturing sites across North America and Europe. Andersen has earned the U.S. Environmental Protection Agency's 2022 ENERGY STAR® Partner of the Year – Sustained Excellence Award. Visit us at andersenwindows.com. Follow us on Facebook @AndersenWindows, Twitter @AndersenWindows, and Instagram @andersen_windows. ABOUT UBIQUITOUS ENERGY, INC. Founded in 2011, Ubiquitous Energy was started by a group of MIT and MSU scientists and engineers looking for new ways to reduce humanity's carbon footprint by seamlessly integrating solar power technology into everyday products and surfaces. With nearly 200 global patent filings, Ubiquitous Energy has the world's leading transparent solar technology – the conversion of light into electricity using semiconducting materials all while maintaining visible transparency. To both residential and commercial building occupants, Ubiquitous Energy's solar windows provide a clear, vibrant experience that is expected from traditional Low-E windows, but with self-contained, on-board power and smart functionality. For more information please visit us at www.ubiquitous.energy or connect with us via LinkedIn.

Read More

SUSTAINABILITY

ROVENSA becomes global leader in BioSolutions through the integration of COSMOCEL

ROVENSA | May 27, 2022

ROVENSA, a global leader of agricultural inputs for sustainable agriculture, today announces that it has agreed to integrate COSMOCEL, a leading player in specialty biostimulants and high-tech products for agriculture. The completion of the integration is subject to approval by the anti-trust authorities. Based in Monterrey, Mexico, COSMOCEL is a market-leading developer, manufacturer, and distributor of specialty biostimulant solutions with over 60 years of experience. COSMOCEL's portfolio of over 100 products spans biostimulants, biocontrol and adjuvants. COSMOCEL has more than 700 employees, 3 state of the art manufacturing facilities, 11 offices and 26 warehouses to serve its customers in more than 50 countries across North America, Latin America, Europe, Middle East and South Africa. It has a strong and long-established market reach through commercial teams and strategic partnerships, as well as a highly experienced R&D team. This strategic integration positions ROVENSA as global leader in BioSolutions for sustainable agriculture and it is squarely aligned with its strategy to provide distributors and farmers with innovative solutions to increase land productivity and output profitability, whilst enabling farming in a sustainable and responsible way to protect and preserve the environment for future generations. COSMOCEL complements ROVENSA's geographical footprint, bringing exposure to new geographies and enhanced access to strategic markets in the Americas. It also brings sizeable and versatile production capabilities in Mexico, additional R&D competences, and material product synergies. COSMOCEL and ROVENSA share a similar business culture and go-to-market approach, a critical cornerstone to achieve continued commercial growth and value creation in partnership with distributors and farmers. "We are thrilled to welcome COSMOCEL to the group to strengthen our global presence as a reference provider of well-balanced solutions for agriculture. This strategic integration highlights our growth ambitions in the BioSolutions international market and our strong commitment to sustainable agriculture. The high quality and complementary range of biostimulants and bio-performance products of COSMOCEL, their culture, their market approach, the quality and commitment of their people and management, and their production capacities will give us a unique position to offer the best nature-based solutions for our distributors and farmers, leveraging on our global scale and capabilities. We are determined to have a strong impact in sustainable agriculture that should be both productive and regenerative, in harmony with nature, making crops more resilient to climate change, and ultimately feed the world guarantying equity and health". -Eric van Innis, ROVENSA´s CEO

Read More