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SGH2 building largest green hydrogen production facility in California; gasification of waste into H2

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Bloomberg New Energy Finance reports that clean hydrogen could cut up to 34% of global greenhouse gas emissions from fossil fuels and industry. SGH2 is in negotiations to launch similar projects in France, Saudi Arabia, Ukraine, Greece, Japan, South Korea, Poland, Turkey, Russia, China, Brazil, Malaysia and Australia.

Waste 345
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Global geothermal industry passes 12,000 MW operational

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New geothermal power came on line in Kenya, New Zealand, Nicaragua, Turkey, and Mexico, as well as Oregon, Nevada and Utah in the United States. GEA member commitments to financing and development stages included MidAmerican’s $1 billion pledge to extend the life of its Salton Sea, California geothermal fields.

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Dow and AKSA forming JV for carbon fiber and derivatives; up to $1B investment in project within 5 years

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The Dow Chemical Company, through its wholly-owned subsidiary Dow Europe GmbH, and Turkey-based AKSA Akrilik Kimya Sanayii A.?. Following initial equity investments from the two companies, the JV will finance its growth through cash flow from operations and financial institutions.

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Renault-Nissan Alliance, CEA and FSI to Form Joint Venture to Develop and Manufacture Batteries for Electric Vehicles

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In order to complete the financing of the project, the European Investment Bank (EIB) is considering a loan of up to 50% of the €280 million (US$416 million) debt financing. The Renault-Nissan Alliance will use its European battery plants in France, the UK and Portugal to supply electric vehicles built around Europe and Turkey.

Nissan 199
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BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

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billion in new renewable energy capacity in 2020, up 2% on the year, helped by the biggest-ever build-out of solar projects and a $50-billion surge for offshore wind. Biomass and waste-to-energy financings were down 3% at $10 billion. BNEF’s analysis shows that companies, governments and households invested $303.5 billion, down 12%.

2020 259
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IEA: Estonia is pioneering technologies for more efficient and cleaner use of oil shale

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To increase and improve the sector, Estonia is not only spending heavily on RD&D for biomass-based energy, wind and solar power, but it is also pursuing solutions such as fuel cells and electrolyzers as well as computer-based energy management technologies for buildings, power storage and grid development.

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DOE awards $4M to carbon capture and storage projects selected as part of ACT

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The ACT Initiative is a consortium of ten European countries—France, Germany, Greece, the Netherlands, Norway, Romania, Spain, Switzerland, Turkey, the United Kingdom—and the United States. million is funded by the ACT consortium; private financing amounts to €1.5M The total budget of the 12 projects is €43.6

Carbon 150