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Cool Planet Energy Systems, a renewable fuels and biochar company ( earlier post ), closed on its targeted $100 million Series D financing. By creating renewable fuel and sequestering the biochar in the ground as soil enhancer, the process permanently removes atmospheric CO 2 for hundreds of years. Click to enlarge.
million loan guarantee to the Advanced Clean Energy Storage project in Delta, Utah (ACES Delta)—marking the first loan guarantee for a new clean energy technology project from DOE’s Loan Programs Office (LPO) since 2014. The US Department of Energy (DOE) closed on a $504.4-million Rendering of Advanced Clean Energy Storage salt cavern.
Joe Galliani in Keep Hermosa Hermosa hat receiving his 2014 Environmental Hero Award from the City of Manhattan Beach and V.O.I.C.E. Photo taken by the Greenius on Wednesday April 31, 2014. with Sona Kalapura, Manhattan Beach Mayor Amy Howorth, State Assemblyman Al Muratsuchi, Kaye Gagnon of V.O.I.C.E and Councilman Wayne Powell.
The US Environmental Protection Agency (EPA) will not finalize the 2014 applicable percentage standards (the 2014Renewable Volume Obligations, RVOs) under the Renewable Fuel Standard (RFS) program until sometime next year. The RFS requires a certain percentage of renewable fuels in the US fuel pool.
Renewable Energy Group, Inc. The Geismar facility, completed in 2010, was the first large scale renewable diesel biorefinery built in the US. REG is a long-term customer of ours, buying fats, oils and greases to make renewable fuel, and we hope to continue that relationship. REG) has reached an agreement with Tyson Foods, Inc.
These loans would provide financing to produce renewable fuels from woody biomass, municipal solid waste and energy grasses such as switch grass, miscanthus and arundo donax. It reauthorized and extended the program in the 2014 Farm Bill. INEOS New Plant Bioenergy, located in Vero Beach, Fla.,
Global investment in renewable power and fuels (excluding large hydro-electric projects) was $270.2 Global investment in renewable power and fuels (excluding large hydro-electric projects) was $270.2 A key feature of the 2014 result was the rapid expansion of renewables into new markets in developing countries.
The BASF subsidiary led a $50-million financing round, joined by new and existing investors. The Plantrose technology could allow us in the future to broaden our use of renewable raw materials while improving the cost effectiveness of our value chains even further. Earlier post.) —Mike Hamilton, Renmatix CEO.
have executed a Memorandum of Understanding (MOU) regarding the development of a commercial scale biorefinery facility for the production of renewable jet or diesel fuel. The renewable energy facility will be co-located with Hughes Hardwood’s wood component products manufacturing facility in Collinwood, Tennessee. Earlier post.).
IG Metall, Germany’s largest union as well as Europe’s largest industrial union, warns that at Hüttenwerke Krupp Mannesmann (HKM), the switch to climate-neutral steel production is may fail due to the lack of financing. By 2025 HKM will have taken measures to reduce CO 2 emissions by at least 30% when compared to 2014.
Air Products has secured planning permission from Stockton on Tees Borough Council (UK) for its Tees Valley Renewable Energy Facility. Producing 49MW of electricity from about 300,000 tonnes of waste, the Tees Valley Renewable Energy Facility is Air Products’ first advanced gasification energy scheme to be developed in the UK.
The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. Earlier Bloomberg New Energy Finance analysis showed that, with gasoline at $2.09
The scheme will be financed by transport fuel retailers who are obliged by law to include a certain percentage of advanced biofuels and biomethane in their fuel blends. The Commission’s 2014 Guidelines on State aid for environmental protection and energy allow Member States to support advanced biofuels under certain conditions.
In addition to the $42-million internal equity round, an additional $34 million in funding was raised predominantly in debt financing from Tennenbaum Capital Partners (TCP), along with equity and debt investment rolled over by existing members of Central MN Ethanol Co-op LLC (CMEC) in Central MN Renewables LLC (CMR), a US affiliate of GBL.
The US Department of Energy (DOE) released its five-year 2014-2018 Strategic Plan. The President’s Climate Action Plan contains a goal of doubling renewable energy generation from wind, solar, and geothermal sources between 2012 and 2020. DOE will continue to pursue carbon capture and storage technologies as well as nuclear power.
Investment in new wind, solar, and other non-large hydro renewables projects in the country fell to $86 billion in 2018 from $122 billion in 2017. Of the total $133 billion in asset finance that flowed to supporting development of new clean energy projects in the markets in developing nations, just $24.4
itself will focus on renewables, distribution networks, and customer solutions. SE will have three core businesses: renewables, distribution networks, and customer solutions. In 2014 and 2015 E.ON SE shareholders. SE shareholders. In 2015, E.ON will take necessary preparatory steps for the New Company’s public listing.
The facility will also export more than 20 megawatts of baseload renewable power to the grid after powering the entire facility with clean electricity. Solena has identified potential sites for the project in East London and is in discussions with various funding sources to finance the project.
The current execution plan for 2014 is to focus exclusively on bringing the plant to its nameplate basis, and further to develop yield and process efficiency through R&D. KiOR is a significant factor in the US Environmental Protection Agency’s (EPA’s) calculation of cellulosic fuel volumes for the Renewable Fuel Standard (RFS) program.
The Cool Planet plant will produce approximately 8 million to 10 million gallons of high-octane, renewable gasoline blendstocks (reformate), as well the biochar, all made from sustainable wood residues. The output from each catalytic array when cooled is comprised of volatile gases, renewable fuel and water. Earlier post.).
Algal fuels producer Algenol has closed on a $25-million dollar investment from BioFields, a Mexican business group devoted to the development of renewable and clean energy projects. This new investment follows a previous investment of $40 million from BioFields in 2014.
Ranges of global technical potentials of renewable energy sources derived from studies analyzed in SRREN report. The authors reviewed more than 160 existing scientific scenarios on the possible penetration of renewables by 2050, alongside environmental and social implications; and then reviewed with four of these in-depth.
Renewable chemicals and fuels company Amyris, Inc. million of outstanding convertible promissory notes to take its pro rata portion of the financing. Amyris expects the closing of this placement to occur on or about 15 January 2014.
expects that, given current and anticipated operations through the remainder of the year, its Columbus, Mississippi facility will produce approximately 410,000 gallons of renewable fuel during the fourth quarter of 2013, bringing full year production total from the facility to approximately 920,000 gallons. Earlier post.) Earlier post.)
Under the agreement, AMP-Trillium, the joint venture between AMP Americas and Trillium CNG, will build seven public fueling stations between August 2013 and early 2014 and lease new CNG trucks that will travel more than 13.2 AMP operates the largest US renewable natural-gas plant that produces fuel from cow manure.
Global Bioenergies has delivered the first batch of isobutene from renewable resources to Arkema six months ahead of the projected schedule. Global Bioenergies is one of the few companies worldwide, and the only one in Europe, that is developing a process to convert renewable resources into hydrocarbons through fermentation.
In its Form 10-K (annual report) filed with the SEC on 17 March, cellulosic renewable fuels company KiOR said it has “ substantial doubts about [its] ability to continue as a going concern ”. Other than that commitment, however, Kior said it has no other near-term sources of financing. Earlier post.). million.
Eos Energy Storage, a developer of zinc-air grid-scale battery technology, completed its $15-million Series B financing round with participation from a syndicate of 21 strategic and financial investors. Eos will begin deploying the Aurora in 2014. Eos has developed Znyth, a zinc hybrid cathode battery technology.
The new station in Gaustad, Oslo is the first one in Norway for which the hydrogen is produced exclusively by electrolysis, using renewable electricity. The new station and the large number of FCEVs (Fuel Cell Electric Vehicles) result from the largest EU-financed demonstration program for hydrogen and fuel cell cars.
South Africa-based Anglo American Platinum , the world’s leading primary producer of platinum group metals (PGMs), has invested in the first close of the Series A financing round of Hydrogenious Technologies, a company developing liquid organic hydrogen carrier (LOHC) hydrogen storage technology. Click to enlarge. Perhydro-Dibenzyltoluene.
Lux Research has investigated the trends of corporate financing of alternative fuels from oil majors, based on a non-exhaustive database of more than 1,000 deals and partnership engagements from 2000 through September, 2014. Shell shifted its shares in Codexis to Raizen, its ethanol JV with Cosan.
In light of its joint venture with DSM, POET said it will not utilize the loan guarantee it was awarded by the US Department of Energy (DOE) on 23 September 2011 to finance Project LIBERTY. In an analysis of the Renewable Fuel Standard, the US EPA projected 7.8 Earlier post.) Beyond that, the US.
Global production capacity of ethanol from cellulose is estimated to reach about 15 million gallons in 2012 and 250 million gallons in 2014, according to the company. The Renewable Fuel Standard, a legislative mandate on the use of renewable fuels in the US, targets production of 16 billion gallons of cellulosic biofuels by 2022.
In 2011, the Obama Administration finalized the first fuel economy standards for Model Year 2014-2018 for medium- and heavy-duty trucks, buses, and vans. A proposal for existing plants is due in 2014, with targeted file rule in 2015. Earlier post.). Providing a toolkit for climate resilience. Other efforts will include: Natural Gas.
Renewable energy. Projects that focus on urban cleaning and the use of waste deposits to generate energy in metropolitan regions, including cities that will host the 2014 FIFA World Cup. Efficient machinery and equipment. Projects that produce new machinery and equipment with higher energy efficiency. Waste with energy potential.
Establish programs that increase access and benefits for disadvantaged and low- and moderate-income communities from electric transportation, including: loan and loss reserve financing, car sharing programs, and charging infrastructure in multi-unit dwellings in disadvantaged communities.
billion that will be invested on the heavily traveled Northeast Corridor (NEC) as part of a multifaceted modernization program to renew and expand the Acela Express service. million in FY 2014. The contract is part of $2.45 The Northeast Corridor (NEC) line covers roughly 730 km (457 miles). million passengers in FY 2002 to 3.5
However, because the such a model is currently not envisaged in the Business Plan, additional financing to develop this model could be required. Saab’s product portfolio will be renewed completely, beginning with the launch of the new 9-5 early this summer, the new 9-4X in early 2011 and the new “all Saab” 9-3 in 2012.
This Action Plan is based on four pillars: investing in advanced technologies and financing innovation; improving market conditions; enhancing global competitiveness; and investing in human capital and skills and softening the. The Commission is convinced that financing should cover. social impacts of restructuring.
As soon as all stages of the bioliq process will have been linked, the pilot plant will supply high-quality fuel from straw, probably in mid-2014. FNR, Agency for Renewable Resources), the ERDF funds via the Baden-Württemberg Ministry of Economics. The BMELV funds were provided via the Fachagentur Nachwachsende Rohstoffe e.V.
The company will produce 20 million gallons of renewable fuel per year employing its Rapid Thermal Processing (RTP) technology. Ensyn will convert 440 dry tons of woody biomass into a renewable fuel oil (RFO) product. RFO can be used as a renewable heating fuel and also as a renewable feedstock for petroleum refineries.
million hydrogen-powered vehicles could be on UK roads by 2030, according to interim Phase I findings of the UKH 2 Mobility project, a joint Government-industry to evaluate the potential for hydrogen as a fuel for Ultra Low Carbon Vehicles in the UK before developing an action plan for an anticipated roll-out to consumers in 2014/15.
Khosla Ventures and Khosla are prepared to fund these commitments either as part of a broader debt and/or equity financing structure, in connection with a note that would convert at a premium to the current price of the common stock or on alternative terms if requested by KiOR, and mutually agreed by the parties. Earlier post.).
billion) to be invested by 2014 supports the H2moves project together with national funds from the Norwegian Transnova program and the Danish EUDP programme as well as industry contributions. million (US$25 million) financed by company contributions as well as European and national funding from Norway and Denmark. Earlier post.)
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