A Letter of Intent was signed between Siemens Smart Infrastructure and Zukunftsenergie Nordostbayern to build one of Europe’s largest energy storage facilities in Wunsiedel, Germany. On completion, the 100-MW plant is expected to offer a storage capacity of 200 megawatt hours.

Uniper has entered into a cooperation agreement with Oman’s strategic green hydrogen project Hyport Duqm to provide engineering services and explore an exclusive offtake agreement of green ammonia. The project’s first phase involves the development of a 250 to 500 MW green hydrogen facility at Duqm, Oman.

Under a MOU signed between Chevron and Cummins, both the companies will explore a strategic alliance to develop commercially viable business opportunities in hydrogen and other alternative energy sources.

Under the new Guangdong Renewable Energy Trading Rules, BASF has entered into a deal with China Resources Power to purchase renewable electricity for its first plants at the Zhanjiang Verbund site in China.

LG Chem has plans to invest the hefty amount in new growth engines such as eco-friendly sustainable business, battery materials for e-mobility and global innovative new drugs by 2025. The move comes in the background of the rising demand for electric vehicles and the intention of the firm to maximize the growth potential of its existing businesses.

UPM-Kymmene’s biorefinery in Germany is claimed to be the first industrial-scale facility of its type to sustainably convert 100 % wood into bio-based mono-ethylene glycol, mono-propylene glycol and renewable functional fillers.

Preem's refinery in Lysekil, Sweden has begun to process 50,000 tons of pyrolysis oil which will be used as feedstock to produce renewable petrol. The company aims to produce approximately 5 million cubic meters of renewable fuels by 2030.

The 12-million-dollar European project – ‘Desolination’ comprises of 19 partners and 12 countries and intends to develop a first- of-a-kind efficient coupling of concentrated solar power and desalination techniques. The project will test and deploy its technology in the Gulf Cooperation Council (GCC) region and will also build its first prototype in Saudi Arabia.

EDP, Technip FMC along with a few research institutes have plans to develop a conceptual engineering and economic feasibility study for a new offshore system for green hydrogen production from offshore wind power. The project called ‘Behyond’ aims to produce hydrogen on a large scale by creating a concept that can be implemented across the globe.

Covenant Energy has chosen Haldor Topsoe’s Hydroflex and H2bridge technologies for its renewable diesel facility in Canada. With the help of the technologies, Covenant Energy aims to produce the cleanest renewable diesel across the globe.