Canadian Solar: Sponsor worldwide electric vehicle race
Canadian Solar Inc, one of the largest solar companies in the world, will be sponsoring a one-of-a-kind, zero-emission electric car race. The unique car race is due to begin today, August 16, 2010, at the Square Nations of Geneva, and will travel throughout Europe, Asia and North America. The race will consist of four teams, who have up to 80 days to go over 30,000 kilometers across 16 countries in their zero-emission, electric cars.
"We loved the idea of going around the world in electric cars from the very first day. This project symbolizes the solar industry's power of innovation, and it provides a vision of what will be possible in the future. This remarkable race is perfectly in line with Canadian Solar's sustainability goals. We are very proud of our association with this event and congratulate the teams for their participation," said Dr. Shawn Qu, CEO and Chairman of Canadian Solar.
Each of the teams has specially-designed, highly-sophisticated electric vehicles for the 80 day world tour. Unlike traditional car races, the focus of this event is not on speed, but rather on the environment, energy efficiency and reliability.
The ZERO race was created by Louis Palmer from Switzerland, who was the first person to travel around the world in a solar-powered vehicle. The team responsible for the race wants to grow public awareness on the potential of renewable energy and energy efficiency. In November, the race participants are due to stop at the United Nations Climate Change Conference in Cancun, Mexico. "We want to demonstrate that in the long term, seven billion people who live on this planet depend on renewable energies, and on clean mobility approaches. The ZERO Race is mostly about demonstrating realistic approaches to find a more climate-friendly and greener future," said Palmer.
Drax advances biomass strategy with Pinnacle acquisition
The Group’s enlarged supply chain will have access to 4.9 million tonnes of operational capacity from 2022. Of this total, 2.9 million tonnes are available for Drax’s self-supply requirements in 2022, which will rise to 3.4 million tonnes in 2027.
The £424 million acquisition of the Canadian biomass pellet producer supports Drax' ambition to be carbon negative by 2030, using bioenergy with carbon capture and storage (BECCS) and will make a "significant contribution" in the UK cutting emissions by 78% by 2035 (click here).
This summer Drax will undertake maintenance on its CfD(2) biomass unit, including a high-pressure turbine upgrade to reduce maintenance costs and improve thermal efficiency, contributing to lower generation costs for Drax Power Station.
In March, Drax secured Capacity Market agreements for its hydro and pumped storage assets worth around £10 million for delivery October 2024-September 2025.
The limitations on BECCS are not technology but supply, with every gigatonne of CO2 stored per year requiring approximately 30-40 million hectares of BECCS feedstock, according to the Global CCS Institute. Nonetheless, BECCS should be seen as an essential complement to the required, wide-scale deployment of CCS to meet climate change targets, it concludes.