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German Federal Minister of Economics Peter Altmaier and Federal Minister of Research Anja Karliczek, together with their Australian counterpart, Energy Minister Angus Taylor, have signed a letter of intent to establish a “Germany Australia Hydrogen Accord” to facilitate a green hydrogen supply chain between the countries.
FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. The company’s project finance subsidiaries may draw on the facility to finance the construction of projects through the commercial operating date (COD) of the power plants.
has been chosen to provide the coal gasification technology for the Taylorville Energy Center (TEC), a 730-megawatt (gross) advanced coal generating plant being developed near Taylorville, Ill. TEC will be one of the first commercial-scale, coal gasification plants with carbon capture and storage (CCS) capability in the US. .
Panda Power Funds has financed the 1,124 megawatt Panda “Hummel Station” power plant—one of the largest coal-to-natural gas power conversion projects in the United States. The plant will be located at the site of the retired Sunbury coal-fired power plant near Shamokin Dam in Snyder County, Pennsylvania.
Overview of the Bluegas catalytic coal methanation process. billion from Wanxiang to finance and construct the first phase of a coal-to-natural gas facility that ultimately will have an annual production capacity of one trillion cubic feet (1 Tcf) (30 billion cubic meters) per year. Click to enlarge. pure methane).
Wind project financing was up 16% from 1H 2021, at $84 billion. Both sectors have been challenged recently by rising input costs for key materials such as steel and polysilicon, as well as supply chain disruptions and rising financing costs. The 2Q figure, at $3.9 billion raised, is the lowest quarterly total since 2Q 2020.
The Carbon Cycle Technology Alliance was formed in 2009 to address the simultaneous challenges of increasing the supply of secure fuels while reducing greenhouse gas emissions. The Alliance expects to complete the study in three to four months.
Second, the US Department of Agriculture proposed a rule on the Biomass Crop Assistance Program (BCAP) that would provide financing to increase the conversion of biomass to bioenergy. It’s been said that the United States is the Saudi Arabia of coal—and that’s because, as I said, it’s one of our most abundant energy resources.
It means lost jobs and economic opportunities today, as well as lost energy supply that we might well need tomorrow once the economy recovers. Companies with weakened balance sheets and more uncertain demand outlooks are cutting back on investment while projects are also being hampered by lockdowns and disrupted supply chains.
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 on 30 June to $61.60
The A$300 million (US$193 million) Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC). CEFC finance remains central to filling market gaps, whether driven by technology, development or commercial challenges. The CEFC Advancing Hydrogen Fund will draw on existing CEFC finance.
Mascoma Corporation has entered into a feedstock processing and lignin supply agreement with Chevron Technology Ventures (CTV), a division of Chevron USA, Inc. Under terms of the agreement, CTV will provide various sources of lignocellulosic feedstock to Mascoma.
Panda Power Funds has entered into a joint venture with Sunbury Generation LP to develop, finance, construct and operate a 1,000 megawatt natural gas-fueled, combined-cycle power project near Shamokin Dam in Snyder County, Pennsylvania. Construction will take approximately 30 months and will commence upon financing and other conditions.
The Action Plan looks at the current and future challenges and proposes actions to reduce Europe’s dependency on third countries, diversifying supply from both primary and secondary sources and improving resource efficiency and circularity while promoting responsible sourcing worldwide. It contains 30 critical raw materials.
LCOE calculations are based on assumptions regarding future unit operations, operating costs, fuel prices, financing terms, and inflation. impacts on existing generating plants from pending or anticipated environmental rules on emissions, use of water resources, and coal ash handling and disposal.
Based on BNEF’s New Energy Outlook, its annual long-term scenario analysis on the future of the energy economy, the report examines how Indonesia’s energy supply may evolve under BNEF’s Economic Transition Scenario (ETS) as well as a Net Zero Scenario (NZS) compliant with the goals of the Paris Agreement. trillion under the NZS.
The TCEP would integrate coal gasification, combined-cycle power generation, CO 2 capture, and. Whiting will be the first in the Permian to purchase CO 2 from a power project that will be produced through the coal-gasification process. The TCEP integrates coal gasification, combined-cycle power generation, CO 2 capture, and.
Without systematic, transformative changes, the US is unlikely to succeed either in averting the worst economic and environmental consequences of climate change or in achieving a secure, affordable and reliable energy supply. All three waves of innovation must be pursued in parallel, immediately. —Richard Lester.
earlier post ) has completed a $25 million Series D financing round with Quantum Strategic Partners Ltd., Inefficient electric power conversion results in lost energy that costs the United States economy $40 billion a year and is equivalent to the output of 300 coal plants.
Global energy investment stabilized in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coalsupply bounced back while investment stalled for energy efficiency and renewables, according to the International Energy Agency’s latest annual review. —Dr Fatih Birol, IEA Executive Director.
In line with the government’s plan to develop a national e-vehicle industry, the project will support the establishment of an e-vehicle parts industry, battery supply chain, and charging stations, including five off-grid solar charging stations. More than 40% of Chhattisgarh’s 21 million residents live below the poverty line.
A newly released report financed by the World Bank and prepared by consultancy PRTM analyzes China’s New Energy Vehicles Program, as well as the Ten Cities, Thousand Vehicles Program, in the context of these megatrends and concludes that the overall value chain shift could favor China from both a technological and supply chain perspective.
The council recommended: Allowing more access to oil, natural gas and coal opportunities on federal lands. Any energy strategy would be incomplete, the report said, if it relied solely on existing supply and the promise of innovations in production. —“Road Map to Renewal”.
Increased shareholder activism, combined with global warming policies of institutional investors and NGOs, are pushing IOCs in a corner, constricting financing options for oil companies. With less financing options for IOCs, and also oilfield services, the already existing investment gap in upstream investment worldwide will only grow wider.
In addition, despite the rigorous development of renewables, carbon dioxide emissions are increasing, because the energy mix increasingly includes coal-fired power plants that emit large quantities of CO 2 to compensate for weather-related fluctuations in power generation from renewables and the closing of nuclear plants.
The Department of Agriculture’s Rural Utilities Service will finalize a proposed update to its Energy Efficiency and Conservation Loan Program to provide up to $250 million for rural utilities to finance efficiency investments by businesses and homeowners across rural America. Other efforts will include: Natural Gas. Energy Efficiency.
Authorized by Title XVII of the Energy Policy Act of 2005, loan guarantees under this new solicitation will help provide critical financing to support new or significantly improved advanced fossil energy projects. Efficiency Improvements.
South Africa-based Sasol and Japan-based ITOCHU Corporation have signed a Memorandum of Understanding (MoU) jointly to study and to develop the market and supply chain for green ammonia with a focus on its use as bunkering fuel and for power generation. Japan is expected to be a large importer of green ammonia in the future.
Energy company RWE and steel producer ArcelorMittal have signed a memorandum of understanding to work together to develop, build and operate offshore wind farms and hydrogen facilities that will supply the renewable energy and green hydrogen required to produce low-emissions steel in Germany. RWE wants to be climate-neutral by 2040.
The City of Lancaster will supply guaranteed feedstock of recyclables, and will save between $50 to $75 per ton in landfilling and landfill space costs. Bloomberg New Energy Finance reports that clean hydrogen could cut up to 34% of global greenhouse gas emissions from fossil fuels and industry.
Global benchmarks conceal a range of country-level estimates that vary according to market maturity, resource availability, project characteristics, local financing conditions and labor costs. New-build onshore wind and solar projects are now around 40% lower than BNEF’s global benchmarks for new coal- and gas-fired power.
Greenhouse gas emissions will certainly grow too, because India’s energy generation is dominated by fossil fuels—coal-fired power plants for electricity, coal- and gas-fired furnaces for industrial heating, liquid petroleum gas for cooking, and gasoline and diesel for transportation. costs less than fossil-fuel-based electricity.
Short-term pressures on oil markets are easing with the economic slowdown and the expected return of Libyan supply. Production of conventional crude oil—the largest single component of oil supply—remains at current levels before declining slightly to around 68 mb/d by 2035. —WEO 2011. —WEO 2011.
The reasons for the cozier relationship between the two giant powers are, of course, rooted in the Ukraine crisis and subsequent Western sanctions against Russia, combined with China’s need to secure long-term energy supplies. The company was also seeking financing for a gas project in Russia despite Western sanctions. “It
The risk to business is that it faces more unpredictable and extreme weather, and disruptions to market and supply chains. The new reality is a much more challenging future in terms of planning, financing and predictability. Resilience will become a watch word in the boardroom—to policy responses as well as to the climate.
Surging prices for coal last year have led to some new coal mines ramping up after the war in Ukraine exacerbated a supply shortage brought on by growing reluctance from climate conscious investors to funding new fossil fuel projects. In March it had said it expected to restart in the second half of 2023.
Broader goals for the plan include reducing greenhouse gas emissions by 80% by 2050; increasing local water supplies to 50% by 2035; getting DWP off of coal entirely by 2025; and reducing water use city-wide 20% by 2017.). The change in vehicle procurement policy will: Cut operating costs of the vehicles by an estimated 41% ($0.21
Buying carbon credits means investing in emission reduction projects that require carbon offsetting financing in order to take place. Solar/Wind: These projects develop expansive solar and wind farms, generating power that otherwise would have been supplied by fossil fuels such as coal, diesel and furnace oil.
The report, “ Renewable Power Generation Costs in 2014 ”, concludes that biomass, hydropower, geothermal and onshore wind are all competitive with or cheaper than coal, oil and gas-fired power stations, even without financial support and despite falling oil prices. Northeast Utilities and its subsidiary NStar had agreed to buy 27.5%
Creative Greenius talks AB 811 Financing to the Green Task Force / photo (c) Debra Bushweit Galliani. Larry Sutton, the Account Executive from Southern California Edison, did the perfect job teeing up my solar financing presentation by sharing with all of us just how much SCE’s electric rates will be going up this year.
If cap-and-trade in the United States were to become reality along the lines of proposals now before Congress, up to 2 billion of the new credits would be drawn from carbon offsets, potentially increasing the worldwide supply of such credits by a factor of seven. THE APPROVAL PROCESS. The approval process for carbon offsets has two goals.
Today, we launch the most ambitious European energy project since the Coal and Steel Community. Six Member States depend on a single supplier for their entire gas imports and therefore remain too vulnerable to supply shocks. The EU needs to diversify its supply of gas and make it more resilient to supply disruptions.
The figure counts only Texas solar projects that have a signed interconnection agreement and have set aside the financing required to get onto the ERCOT grid. In contrast, coal’s share of the ERCOT market has been steadily declining. From 2003 through 2014, coal’s annual share of ERCOT demand ranged from 33-40%.
Compared with burning coal, natural gas emits about half the carbon dioxide and substantially less soot, mercury and sulfur. If developed in a responsible manner, natural gas can be the critical transition fuel that reduces the environmental impacts of fossil fuels and keeps us on a path toward a decarbonized energy future.
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