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Stena Line introducing battery-electric operation to ferry; three stages up to 50 all-electric nautical miles

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The first phase of the project is supported and financed by half by the Swedish Transport Administration and the EU. Sustainability is very high on our agenda and we are constantly evaluating new ways to reduce our impact on the environment.

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Joint IEA-NEA report details plunge in costs of renewable electricity; nuclear competitive with other baseload power sources

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2010 and 2015 LCOE ranges for solar and wind technologies. The cost of producing electricity from renewable sources such as wind and solar has been falling for several years. The report calculates the cost of producing electricity from different types of new power plants. Source: IEA/NEA. Click to enlarge. Source: IEA/NEA.

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President’s 2016 Budget requests $29.9B for DOE; 9% boost over FY 2015 enacted; $793M (2.7%) for sustainable transportation

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billion) above the FY 2015 enacted level. billion above the FY 2015 Enacted level, sustains DOE’s role as the largest federal sponsor of basic research in the physical sciences and develops and operates advanced scientific user facilities at the National Laboratories to maintain the nation’s primacy in science and innovation.

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Foresight signs a pilot agreement with one of China’s top three largest car manufacturers

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The pilot project will be financed by the manufacturer, except for production, shipping and system installation costs of Foresight’s Eyes-On system. Eyes-On will be tested in controlled and uncontrolled environments, in varying speeds and against both predefined and incidental targets.

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Rosneft and ExxonMobil progress in strategic cooperation agreement; JVs in Black and Kara Seas, Rosneft into US and Canada

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The initial cost of preliminary exploration is estimated at more than US$3.2 Drilling of the first exploration well is planned for 2014-2015. The agreements form joint ventures to manage an exploration program in the Kara Sea and Black Sea. They also set the terms for investments to be made by the partners in Russian offshore projects.

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Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

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Additional highlights of the 9 th annual Global Trends in Renewable Energy Investment 2015 report include: China saw by far the biggest renewable energy investments in 2014—a record $83.3 There were seven billion-dollar-plus financings of offshore wind projects, boosting the investment totals for the Netherlands, the UK and Germany.

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Volkswagen Group to invest €84.2B (US$114B) in automotive division over next 5 years; China JVs to invest separate €18.2B (US$24.7B)

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We will continue to invest strongly in our innovation and technology leadership, despite the uncertain economic environment. billion) less than in the planning approved in 2012 for the period from 2013 to 2015. Alongside investments in property, plant and equipment, the plans also include capitalized development costs of €19.5

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