Your weekly sustainability insights 14/02/2023

Tau concludes €9m series-B round to scale up production for e-mobility

The round, led by Solvay Ventures, is joined by existing investors including Finindus and happens in parallel with Tau’s commercial breakthrough with automotive customers

Technology company Tau has concluded a series-B round raising €9 million with Solvay Ventures as a lead investor. Solvay Ventures is joined by existing shareholders including Finindus, a Belgium-based joint venture of ArcelorMittal and the Flemish Region, as well as management and private individuals.

“Through the use of specialty polymers, Tau’s innovative technology enables higher performance electric motors, key to the accelerating adoption of electric vehicles”, said Peter Vanlaeke, Partner at Solvay Ventures...

The Unimot Group has expanded its line of photovoltaic modules

The Unimot Group has expanded its European photovoltaic module production line at its factory in Poland. Currently, the production power capacity of the line is 45 MW. The Unimot Group sells panels under the AVIA Solar brand but also offers private label solutions and targets companies that want to manufacture photovoltaic panels under their own brands.

The manufacturing line of AVIA Solar’s European photovoltaic panels from the Unimot Group was launched in July 2021. Initially, its power capacity was 15 MW/year, however, demand for the European product made the Group decide to expand the line and increase its capacity threefold.

The power capacity of photovoltaic installations in Poland is already approximately 12 GW, while government plans assumed a capacity of only 10 GW would be achieved by 2040. The company states that it has noticed the trend throughout Europe and its goal is to offer Polish-made panels throughout the European market...

GPS and GES to merge to develop the next generation of energy storage assets

Low carbon energy storage company, GES, and independent storage and logistics company, GPS, announced they have combined both businesses to create a major player in the energy storage sector.

The combined business will take on the name Global Energy Storage Group (GES) and the merger further strengthens GES’ position in the market and the new business will explore substantial growth opportunities across all markets internationally.

The new structure is being created to put greater focus on the development of the next generation of energy storage assets. This will help facilitate the growing use of low carbon energies, with an emphasis on cryogenic storage for products such as LPG, LNG and ammonia, which is a promising hydrogen carrier. In addition, biofuels and logistics solutions for the transhipment of CO2 are being pursued...