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

Green Car Congress

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.

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

Green Car Congress

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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Global geothermal industry passes 12,000 MW operational

Green Car Congress

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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Accelerating green wheels: BYD’s EV lease deal with Arval will electrify Europe’s roads

Baua Electric

A mere two years removed from its initial entry into new markets of Europe, Build Your Dreams (BYD) is looking to expedite its expansion with the help of Arval – a major vehicle leasing company overseas. Europe is a crucial market for BYD’s success this year, which it anticipates will equate to $4 billion in net income.

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

Green Car Congress

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

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G20 Leaders Agree to Phase Out Fossil Fuel Subsidies

Green Car Congress

Building on these efforts and recognizing the challenges of populations suffering from energy poverty, we commit to: Rationalize and phase out over the medium-term inefficient fossil fuel subsidies that encourage wasteful consumption. Many countries are reducing fossil fuel subsidies while preventing adverse impact on the poorest.

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

Green Car Congress

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.

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