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Morocco ramps up green hydrogen production tech: Morocco’s Mohammed VI Polytechnic University (UM6P) and US-based renewable company 247Solar inked an agreement to study hydrogen and ammonia production through clean electricity, according to a statement. The project will study how to harness 247Solar's technologies — including concentrated solar power and thermal energy storage — to produce […]
Author Archives: enterpriseam admin
Posted inAROUND THE WORLD
China curbs steel production for the third year + Australia needs more minerals mining knowledge
China continues to slash crude steel production: China is likely to cut its crude steel output for the third year in a row in 2023 in a bid to taper down carbon emissions, Bloomberg reports, citing a source familiar with government plans. Steel production is the country’s second-largest carbon-intensive sector, generating some 1.5 bn tons […]
Posted inON YOUR WAY OUT
AI internet sensations like ChatGPT are gobbling up electricity
The AI boom spells bad news for the planet: The training of AI chatbots and image generators like Open AI’s ChatGPT requires tremendous amounts of energy and adds tons of CO2 to the atmosphere, Bloomberg writes. Training AI programs is a months-long process that sees researchers use power-intensive chips known as graphics processing units in […]
Posted inCALENDAR
MARCH 2023 20-21 March (Monday-Tuesday): Copenhagen Climate Ministerial. 20-23 March (Monday-Thursday): The Infrastructure Investor Global Summit, Hilton Berlin, Germany. 22-24 March (Wednesday-Friday): K.ey - The Energy Transition Expo, Rimini Expo Centre, Emilia-Romagna, Italy. 22-24 March (Wednesday-Friday): UN 2023 Water Conference, New York, NY, United States. 27-29 March (Monday-Wednesday): First Meeting of the Transitional Committee in […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: Flat6labs launches USD 95 mn fund for climate-focused startups
Good morning, lovely people, and welcome to the accidental Oman issue. We have some key updates from the sultanate today as it heats up its renewables push. THE BIG CLIMATE STORY- Egypt-based seed and early stage venture capital firm Flat6Labs will launch a USD 95 mn fund targeting greentech, agritech, and climate tech startups based […]
Posted inUncategorized
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Posted inSTARTUP WATCH
Flat6labs launches USD 95 mn fund to invest in climate action startups in Africa
Flat6Labs launches a new fund targeting climate-focused startups: Egypt-based seed and early stage venture capital firm Flat6Labs will launch a USD 95 mn fund targeting greentech, agritech, smart city, and climate tech startups based in Africa, Flat6Labs Chief Investment Officer Dina El Shenoufy (My Morning Routine) told Enterprise Climate. The new Africa Seed Fund (ASF) […]
Posted inSOLAR
Oman’s OPWP awards 500 MW solar project to Sembcorp-Jinko JV
Oman’s OPWP picks developer for Manah 2 solar plant: A JV made up of Singapore’s Sembcorp Utilities — a subsidiary of Sembcorp Industries — and China’s Jinko Power will develop the 500 MW Manah 2 solar plant in Oman under a build-own-operate model, according to a company statement. The JV — which is 80% owned […]
Posted inGREEN HYDROGEN
Oman seals six green hydrogen agreements worth USD 20 bn
Oman moves forward on green hydrogen plans: Oman’s state-owned green hydrogen company Hydrom — owned by Energy Development Oman — signed six binding term sheet agreements worth a combined USD 20 bn with several regional and international developers for the production of green hydrogen, Oman News Agency reports. The agreements are with companies from Belgium, […]
Posted inGREEN STEEL
Project update: Oman’s Jindal Shaheed green steel plant will commence construction this year
Oman’s Jindal Shadeed Iron and Steel (JSIS) will break ground on its mega green steel complex in the Duqm Special Economic Zone this year, CEO Harssha Shetty tells Zawya. The USD 3 bn hydrogen-fueled project will be powered by some 7-9 GW of clean energy and have a yearly production capacity of 5 mn tons […]