Power & Energy Solutions

The premier renewable energy publication

Valencia (05/96/2021) - The Valencian technology multinational Power Electronics is continuing along the pathway of strong results, closing the 2020 fiscal year with 490.7 million euros in sales. This figure represents a 42% increase in invoicing from the year before, in which sales of 346.6 million euros were attained. David Salvo, CEO of the company, has been highly satisfied with the results achieved and has pointed out two key factors that explain the notable increase in sales, “doubtless our strong leadership in the U. S. and the momentum taken by sales of bidirectional charges for the battery-powered energy storage sector, a sector which is expected to show sustained growth up to 2030, have been decisive.” Despite the complexities arising from a year affected by the health crisis that affected the entire sector, putting its solvency to the test, Power Electronics has met these challenges with stability, achieving an operating profit of 46.6 million euros, which represents an increase of 215% on the previous year, in which it achieved 14.8 million euros. With management distinguished by strong results and consolidation of national and international positions, the company moreover is a driver of employment within the sector, since its workforce increased by 8% during a

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Sulzer Chemtech partners with AVA Biochem to expand its portfolio of sustainable chemical production technologies Sulzer Chemtech and AVA Biochem have entered into an exclusive license agreement to commercialize AVA Biochem’s innovative technology for the Conversion of Biomass to Renewable Industrial Substances (COBRISTM). This offers a versatile solution to produce 5-(hydroxymethyl) furfural (5-HMF), a bio-based platform chemical that is a building block for the production of a broad range of widely used chemical products. AVA Biochem AG is a pioneer in enabling the decarbonization of traditional chemical and adjacent B2B industries, and it is known for its proprietary water-based Hydro-Thermal Process (HTP) COBRISTM. This turns sugar-rich biomass into 5-HMF, a renewable and non-toxic compound that can be used to produce commodity chemicals. These include adhesives, food additives, textile fibers, packaging, films and fine chemicals, as well as a possible alternative to formaldehyde used in chipboards. The solution can therefore support the large-scale production of bio-based materials, enhancing the sustainability of both the manufacturing and processing sectors. Sulzer Chemtech, the leader in separation, mixing and process technology, will commercialize the licensed technology along with its proprietary key equipment for the purification of 5-HMF, such as falling film evaporators. These are already supporting operations

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Topics discussed included ENA’s Open Networks, Gas Goes Green and Innovation projects Last week marked Energy Networks Association’s (ENA) first Community Energy Forum of the year, with the theme of ‘Getting our networks to Net Zero’. Introduced last year, this is the first of a number of forums that will be held in 2021 to help community groups voices be heard by the networks. Community energy groups and projects are vital in the transition to a low-carbon, more decentralised energy network and meeting the Government’s ambitious Net Zero target. Holding forums to hear community energy perspectives will allow ENA to engage and collaborate in a more meaningful way ensure that we are delivering the transition together by taking everyone with us on the journey. Hosted by community energy and engagement specialists Regen, along with the support and input of Community Energy England, 40 community energy representatives joined via Zoom from all over the UK joined to provide direct feedback on ENA’s work. Following introductions, the session heard project updates from Open Networks and Gas Goes Green with the opportunity to comment and ask questions to the ENA team. Two productive roundtable discussions were then held: Communities in our future energy system and Digitalisation of the Connections Process. For the former the groups offered insights into what more the Open Networks and Gas Goes Green projects could be exploring to get our networks to Net Zero, and for the latter it was debated how the Digitalisation of the Connections Process can better suit community organisations and whether it will make it more

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The world’s total installed renewable energy amounted to almost 2,800 Gigawatts in 2020. According to data presented by TradingPlatforms.com, China has an installed renewable energy capacity of 895 gigawatts - larger than the next 5 nations combined. China Accounts For Nearly a Third of the World’s Installed Renewable Energy Capacity China has set itself apart as the world’s leader in renewable energy. In 2020, China accounted for nearly a third (32%) of the world’s installed renewable energy capacity with 895 Gigawatts. The next on the list is the US with a distant 292 Gigawatts. In fact, the next five countries on the list after China had a combined capacity that is less than China’s. The US, Brazil, India, Germany and Canada had a combined capacity of 809 Gigawatts in 2020. Japan was the only other country to have a capacity greater than 100 gigawatts, while Italy and France both had capacities of 55 Gigawatts in 2020 to close out the top 10. Renewable Energy Experiencing Steady Growth Across The Board Total renewable energy capacity increased by 10% YoY in 2020 from 2538 Gigawatts to 2799. From 2015-2020 Total installed renewable energy capacity grew at a compound annual growth rate (CAGR) of 8.67%. Several various types

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Antwerp, 3 May 2021 - HB Antwerp and Blockchain Solutions are pleased to announce their collaboration towards more transparency in the diamond industry. The collaboration leverages blockchain technology to provide more security and transparency over traceability data. By doing so, HB Antwerp is able to provide customers with real publicly verifiable diamond history information.  All key traceability steps of the diamond history - from the mine to the final polished result - will be recorded in an immutable way on a public blockchain. This data will be certified by HB Antwerp which will be held warrant for the veracity of the information. Customers will therefore receive trustable traceability information as they will have the possibility to verify data integrity directly on the public blockchain.  The particularity of the technical solution brought by Blockchain Solutions is that it leverages the public blockchain Bitcoin (the platform, not the coin) and open-source standards. Therefore, the customers will be able to actually verify on the blockchain rather than to have to pass through a third party. Moreover, as the registration on the Bitcoin platform is public and immutable, HB Antwerp itself - or any other third party - will not be able to modify the record

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During spring 2021, Alfa Laval will begin implementing a new production line for Alfa Laval PureBallast 3 in Qingdao, China. As the line gradually expands to include the full flow range by the end of 2022, it will support and deepen regional shipyard relationships as the ballast water treatment market shifts towards Asia. Closeness to shipyard customers Asia is already a key market for Alfa Laval PureBallast 3, the third generation of Alfa Laval’s leading ballast water treatment technology. The majority of PureBallast 3 installations occur at Asian shipyards, even when the vessels themselves are flagged in other regions. When the global wave of ballast water treatment system retrofits begins to subside in 2024, Asian shipyards will become even more dominant as the focus shifts to newbuilding. “We are growing with our customers, and the future of ballast water treatment installations is undoubtedly in Asia,” says Peter Sahlén, Head of Alfa Laval PureBallast. “By strengthening the lead times, flexibility and local proximity that bring value to shipyards, our investment in Qingdao will expand the strong support that Alfa Laval already provides to Asian customers.” Well placed to serve the Asian market Having been present in China for more than 30 years, Alfa Laval has both

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ArcVera Renewables, a leading provider of consulting and technical services for wind, solar and storage projects, has recruited Kevin Lichtenstein as Director - Solar Energy Group, Global. Kevin’s extensive solar energy experience and renewable energy acumen will strengthen ArcVera’s rapidly growing solar project technical services practice worldwide. Kevin’s renewable energy career began in 2007 as PV Design Engineer with a Colorado-based development company. He later joined Solar City (Tesla) in 2011 where he led an internal design team. At RGS in 2013, Kevin technically led solar technology selection while managing a technical staff of designers and engineers. For the last five years, Kevin was a Director with Luminate, a Denver, Colorado-based technical consultancy and independent engineering firm. Kevin managed projects of all types of technologies including solar, storage and wind; performing independent engineering due diligence. Kevin provided technical advisory services on hundreds of financed transactions with various financing structures to inform sponsors, lenders and other stakeholders of project risks. “ArcVera is rapidly expanding its technical services to globally support the energy industry’s ongoing transition from fossil generation to renewables. Solar, storage, and wind energy are the most critical sources of electricity generation in the power sector and ArcVera has aligned its renewable

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China has dominated the list of top 50 Asia-Pacific (APAC) companies in terms of the market capitalization during the first quarter (Q1) of 2021, reveals GlobalData, a leading data and analytics company. The aggregate market capitalization of the 50 APAC companies stood at US$8,608.4bn at the end of Q1 2021, up by 3.8% over the US$8,294.8bn in Q4 2020, of which 28 Chinese companies accounted for 60% of the aggregate market cap. There were 12 Chinese companies that reported decline in their market cap. The most notable were the Pinduoduo.com, Xiaomi Corp, and Foshan Haitian Flavoring Food, whose market values declined over 20% over the previous quarter. Xiaomi’s market cap declined because of sanctions by the US authorities. Stepping down of its Founder and Chairman and increased losses impacted Pinduoduo. There were three companies -- Postal Savings Bank of China (PSBC), Recruit Holdings (Recruit), and China Merchants Bank (CMB) -- whose values grew by over 15%. PSBC benefitted from the growth in proportion of high yield earning assets, optimization of its asset structure, and steady rise in the income from electronic payment business. CMB reported rise in interest-earning assets and agency service fees due to active financial markets. Recruit’s performance was driven by sustained rise

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Law firm Womble Bond Dickinson (WBD) has been re-appointed to the UK legal panel for international energy services and solutions company Centrica. WBD has a longstanding relationship with Centrica. In this latest UK panel review, WBD has been appointed to advise on Commercial, Property & Litigation matters for a period of two years. The WBD team acting for Centrica is being led by energy sector partner Ian Newcombe. He commented: "We are delighted to continue our long-standing relationship with Centrica and we look forward to working with the team and other firms on the panel. This was a competitive tender process and our appointment recognises our strong credentials in the energy sector as well as our expertise advising on complex commercial, litigation and property issues." The firm has been praised for its strong focus on innovation – with WBD recognised in the Financial Times as one of Europe's most innovative law firms – as well as its diversity and inclusion initiatives. WBD has long shown its commitment to create a diverse and inclusive culture to attract and retain the very best people and is a gold status member of the Law Society Diversity & Inclusion Charter. The firm was also recognised as a 'Diversity Pioneer' in The Lawyer's Top 200 report. WBD

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Brussels, 27 April 2021:  Fully 90,000 households in Germany could benefit from a reverse mortgage to boost their retirement income. This is the finding of a study conducted by the EconPol research network. Demographic change is forcing many European citizens to consider a funded pension. With a reverse mortgage, real estate assets can be used to close a pension gap – either in the form of a lump sum payment or as monthly pension payments. This instrument is widely used in the US and the UK but is rare in Germany. “Especially for those households who have invested almost everything they have in a home and have little in private retirement savings, a reverse mortgage can provide the way out of a difficult situation,” explains Karolin Kirschenmann, co-author of the study. As is the case with a traditional mortgage, the house serves as collateral for a reverse mortgage. The difference is that the loan amount comes due only when the owner dies or moves out. In addition to this credit model, consumers can sell their property and secure the right to continue living there for the rest of their lives with a guaranteed income. In 2017, around six million German households over the

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