SeaTwirl Partners With Local Firm To Bring Vertical-Axis Floating Wind Turbine To Japan
The title of this post, is the same as that of this article on offshoreWIND.biz.
This is the sub-heading.
Sweden-based SeaTwirl has signed a Memorandum of Understanding (MoU) with Sumitomo Corporation Power & Mobility (SCPM) to promote its vertical-axis offshore floating wind turbine in the Japanese market.
These two paragraphs detail the responsibilities.
Under the MoU, SCPM will be responsible for identifying, marketing, negotiating, and contracting potential clients.
The Swedish company will be in charge of promoting and offering the products and services to potential clients.
Note.
- In SeaTwirl And Verlume Join Forces To Drive Decarbonisation Of Offshore Assets, I talk about their MoU with Verlume.
- In SeaTwirl, Kontiki Winds To Explore Powering Oil & Gas Assets With Floating Wind, I talk about their MoU with Kontiki Winds.
SeaTwirl either likes using Memoranda of Understanding (MoU) or their technology is very good.
The article says this about the applicability of SeaTwirl to Japanese waters.
Japan has over 4,000 islands, and according to the Global Wind Energy Council (GWEC), it has approximately 128 GW of fixed-bottom offshore wind potential and 424 GW of floating offshore wind potential.
SeaTwirl said that its vertical-axis wind turbine is well-suited for the conditions in the Japanese offshore environment with its robust and flexible design and high serviceability.
That certainly looks to be a good match and I wonder, if this could end up as a three-way co-operation, with the inclusion of Verlume’s underwater batteries.
Will SeaTwirl and Sumitomo target other island nations or those with lots of islands like Croatia, Greece, the Caribbean, Italy, Micronesia and the Philippines?
Sumitomo Mitsui Trust Bank Makes Substantial Investment In Australia’s MCi Carbon
The title of this post, is the same as that of this article on the Carbon Herald.
This is the introductory paragraph.
MCi Carbon, an Australian clean technology platform revolutionising the carbon recycling industry, proudly announces the addition of esteemed Japanese investor, Sumitomo Mitsui Trust Bank, to its investor roster. This significant investment from the Japanese giant, with assets under management totalling $617 billion marks a pivotal moment in MCi Carbon’s journey towards global leadership in carbon capture and utilisation and underscores the growing international recognition of Australia’s role in the transition to a zero-carbon world economy.
I believe that MCi Carbon, will be a very successful company.
I first wrote about this company in March 2021 in Energy Minister Angus Taylor Launches $50 million Fund For Carbon Capture Projects.
Japanese Companies To Invest GBP 14.2 Billion In UK’s Offshore Wind, Green Hydrogen
The title of this post, is the same as that of this article on offshoreWIND.biz.
This is the sub-heading.
Japanese giants Marubeni Corporation, Sumitomo Corporation, and Sumitomo Electric Industries have committed to investing a total of GBP 14.2 billion (approximately EUR 16.3 billion) in offshore wind and green hydrogen projects, and the offshore wind supply chain in the UK
These two paragraphs add a bit of context and flesh to the deal.
Ahead of the UK Prime Minister’s business reception in Tokyo on 18 May, the UK government announced that leading Japanese businesses have committed to invest GBP 17.7 billion (approx. EUR 20.3 billion) in businesses and projects across the UK.
Of this, GBP 14.2 billion has been committed by Marubeni, Sumitomo and Sumitomo Electric for projects in offshore wind, green hydrogen and offshore wind supply chain.
SSE’s Berwick Bank Wind Farm will have a capacity of 4.1 GW and is budgeted to cost just short of £18 billion. Doing a quick calculation, indicates that £14.2 billion would only finance £3.23 GW of offshore wind.
But the Japanese say they will invest in offshore wind, green hydrogen and offshore wind supply chain. Investing in the offshore wind supply chain, would surely attract more money as the developers placed orders for foundations, floaters, electrical gubbins and support vessels.
Note.
- In Japanese Giant Sumitomo Heavy Invests In Liquid-Air Energy Storage Pioneer, I wrote about Sumitomo’s investment in English energy storage. company; Highview Power.
- Electrolyser company; iTM Power has also sold a 1.4 MW electrolyser to Sumitomo and signed an agreement over American sales with another Japanese company.
I can see other similar co-operative deals being developed. Possible areas could be cables, transformers and support vessels.
Japanese Giant Sumitomo Heavy Invests In Liquid-Air Energy Storage Pioneer
The title of this post is the same as that of this article on RechargeNews.
This is the introductory paragraph.
Japanese industrial giant Sumitomo Heavy Industries (SHI) has made a $46m investment in UK long-duration energy storage outfit Highview Power as part of a partnership deal to develop projects using its ‘cryobattery’ technology around the world.
I have extremely strong positive feelings about Highview Power.
I just wish, I was a shareholder!
The Anonymous Widower 