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IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

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It will depend on governments putting in place robust policies to ensure safe and sustainable operation of nuclear plants for years to come —and to mobilize the necessary investments including in new technologies. Even so, by mid-century, nuclear only accounts for 8% of the global power mix, which is dominated by renewables.

Russia 458
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In-wheel electric drive company Protean Electric raises $40M; JV with Weifu

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The investor group is led by Weifu High-Technology Group Co., The Series E financing proceeds will support Protean’s on-going business activities and help to establish a global licensing model covering all key markets. As we win more customer projects, our investors are convinced our technology offers tangible vehicle level benefits.

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Solena signs LOI with Rentech for Fischer-Tropsch technology for first commercial-scale renewable jet fuel facility in Europe

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for the use of Rentech’s proprietary Fischer-Tropsch (FT) synthetic fuel technology in Solena’s BioJetFuel project—GreenSky—in the United Kingdom. Solena’s fuel-flexible proprietary gasification technology will utilize waste biomass normally destined for landfill. The Solena Group, Inc., Earlier post.).

Renewable 210
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Protean Electric raises $70M to accelerate adoption of in-wheel drive systems for electrified vehicles in China

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Protean Electric, developer and manufacturer of in-wheel electric drive systems, has raised $70 million in new funding from GO Scale Capital, Zhejiang VIE Science & Technology Co. Existing investors Oak Investment Partners and GSR Ventures co-invested in Protean’s equity financing round. and Tianjin THSG Corporation.

China 150
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Advance Your Career With Rutgers’ Mini MBA Program for Engineers

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Professionals who specialize in engineering and technology management must understand cross-discipline concepts and contribute to multifunctional teams. Courses cover accounting, business communication, business ethics, entrepreneurship, finance, managerial economics, management, marketing, operations, and strategic management.

Engine 119
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Navigant Research projects global market for plug-in charging equipment to grow to 4.3M units and $5.8B in revenue in 2022

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Commercial charging, which includes workplace, public and private chargers, is more indirectly tied to PEV growth and is still driven to a great degree by government support, the market research firm observed. AC charging, which is used in both residential and commercial applications, typically supplies capacities of up to 7.2

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UK Government Providing 360M Loan Guarantee for 450M Loan to Ford from EIB

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billion) over the next five years for the development of a new generation of more fuel efficient and lower emitting engines and vehicle technologies. The European Investment Bank is the European Union’s long-term financing institution and provides long-term finance for capital projects promoting European economic objectives.

Ford 170