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General Motors has finalized energy sourcing agreements required to secure 100% of the energy needed to power all its US facilities by 2025. Sourcing renewableenergy is a critical component of GM’s plans to decarbonize. This is the main way through which GM is achieving its renewableenergy goal.
Japan’s New Energy and Industrial Technology Development Organization (NEDO), Toshiba Energy Systems & Solutions Corporation (Toshiba ESS), Tohoku Electric Power Co., The FH2R can produce as much as 1,200 Nm 3 of hydrogen per hour (rated power operation) using renewableenergy.
Researchers at the National RenewableEnergy Laboratory (NREL) are evaluating the use of blockchain for transactive energy using hardware in the laboratory’s Energy Systems Integration Facility (ESIF). Potential opportunities abound for the use of blockchain in the energy sector. Source: NREL.
Hyundai Motor Group (the Group) announced that five key affiliate companies, including Hyundai Motor Company and Kia Corporation, will join Climate Group’s RE100 , a global initiative committed to moving toward 100% renewableenergy. Hyundai Motor and Kia, along with Hyundai Mobis Co., Hyundai Wia and Hyundai Transys Inc.,
Toyota Motor Corporation, Chubu Electric Power Co., and Toyota Tsusho Corporation agreed to establish Toyota Green Energy LLP for the purposes of obtaining and managing renewableenergy sources in Japan and supplying electric power from renewableenergy sources to the Toyota Group in the future.
Chevron Corporation and RenewableEnergy Group announced a definitive agreement under which Chevron will acquire the outstanding shares of REG in an all-cash transaction valued at $3.15 REG was a founder of the renewable fuels industry and has been a leading innovator ever since. billion, or $61.50
Seeking to slash CO 2 emissions from its North American manufacturing operations, Honda has entered into long-term virtual power purchase agreements (VPPAs) for renewable wind and solar power that will cover more than 60% of the electricity that Honda uses in North America. will deliver to the grid by the end of 2020.
SHV Energy and UGI International, a subsidiary of UGI Corporation, leading distributors of off-grid energy, intend to launch a joint venture to advance the production and use of Renewable Dimethyl Ether (rDME), a low-carbon sustainable liquid gas, to accelerate renewable solutions for the LPG industry.
LevelTen Energy , a renewableenergy procurement platform, closed a $20.5-million As part of the financing, Tim Woodward, managing director at Prelude Ventures, will join LevelTen Energy’s board of directors. LevelTen also facilitated a groundbreaking aggregated procurement deal with Bloomberg, Cox Enterprises, Gap Inc.,
In 2021, global investment in the low-carbon energy transition totaled $755 billion, up 27% from $595 billion in 2020 and just $264 billion in 2011, according to Energy Transition Investment Trends 2022, a new report published by research firm BloombergNEF (BNEF). from the year prior. Germany, the U.K. degrees of global warming.
V, equating to 98% energy efficiency, with an energy consumption of 40.4 With this level of cell energy efficiency—well above International RenewableEnergy Agency’s (IRENA) 2050 target and significantly better than existing electrolyzer technologies—hydrogen production cost could be well below US$1.50/kg.
The California Sustainable Energy Entrepreneur Development (CalSEED) program announced that the fourth cohort of innovative clean energy concepts has been approved by the California Energy Commission (CEC); 28 companies out of 212 were selected to receive grants of $150,000 each. the cost of energy storage?by technology?that
UGI Corporation has entered into a 15-year agreement with California-based technology developer Vertimass to utilize their catalytic technology to produce renewable fuels from renewable ethanol in the US and Europe. The technology enables flexible production of the renewable fuels to align with regional market demand.
TEPCO HD) and Toyota Motor Corporation (Toyota) have developed a stationary storage battery system (1 MW output, 3 MWh capacity) that combines TEPCO’s operating technology and safety standards for stationary storage batteries and Toyota’s system technology for electrified vehicle storage batteries. Tokyo Electric Power Company Holdings, Inc.
The California Energy Commission gave final approval for nearly $50 million in grant awards for hydrogen refueling and electric charging construction projects recommended for funding in notices of proposed awards published in April and May. was awarded $2,125,000 to install a 100% renewable hydrogen refueling station in Ontario.
Shell Ventures and Sumitomo Corporation Group have invested in LO3 Energy to support the global development of its blockchain-based community energy networks. LO3 says that its system can democratize the energy industry, allowing people to both consume and produce electricity at their home and business. Earlier post.).
Renewable hydrogen systems manufacturer Ways2H Inc. and its shareholder and technical partner Japan Blue Energy Co. announced the completion of a facility in Tokyo that will convert sewage sludge into renewable hydrogen fuel for fuel cell mobility and power generation. This project is a collaboration of Japan Blue Energy Co.,
Global investment in renewableenergy totaled $226 billion in the first half of 2022, setting a new record for the first six months of a year, according to RenewableEnergy Investment Tracker 2H 2022, a new report published by research firm BloombergNEF (BNEF). billion raised—up 63% on the previous year.
Neste Corporation has made the final investment decision to invest into new renewable products production capacity in Rotterdam. The decision is based on demand for renewable products growing substantially with customers’ higher climate ambitions. million ton capacity for renewable products in Rotterdam is the largest in Europe.
Neste Oil produces NExBTL diesel (and its other renewable fuel cousins such as jet fuel) by using a proprietary process to hydrogenate vegetable oil or animal fat feedstocks. The result is a tailored drop-in fuel; with several major NExBTL refineries worldwide, Neste is currently the leading producer of renewable diesel. Background.
Hyzon Motors, a supplier of hydrogen-powered fuel cell electric vehicles,and TC EnergyCorporation will collaborate on development, construction, operation, and ownership of hydrogen production facilities (hubs) across North America. We believe we are well positioned to execute on the development of hydrogen and CO 2 pipelines.
Clean Energy Fuels Corp. has set goals to offer Zero-Carbon Redeem renewable natural gas (RNG) at all of its fueling stations by 2025. Zero-Carbon is based on the average carbon index score (approved by the California Air Resources Board) of Clean Energy’s fuel supply portfolio. Littlefair, president and CEO, Clean Energy.
Sierra EnergyCorporation closed a $33-million Series A investment round led by Breakthrough Energy Ventures and joined by Cox Investment Holdings, Inc., This reaction is highly exothermic, meaning that it releases a large amount of energy in the form of heat. —Mike Hart, Sierra Energy’s CEO.
a subsidiary of Chevron Corporation, signed a definitive agreement to acquire full ownership of Beyond6, LLC (B6) and its network of 55 compressed natural gas (CNG) stations across the United States from Chevron’s current B6 co-owners, a subsidiary of Mercuria Energy Trading (Mercuria) and B6 CEO Andrew West. Chevron U.S.A.
In February 2022, GTI Energy, S&P Global Commodity Insights and the National Energy Technology Laboratory (NETL) launched the Open Hydrogen Initiative (OHI), a collaboration to further transparency into the environmental impact of hydrogen production and help unlock its full potential as an important driver of energy transitions.
The Road Map stresses the versatility of hydrogen as an enabler of the renewableenergy system; an energy vector that can be transported and stored; and a fuel for the transportation sector, heating of buildings and providing heat and feedstock to industry. Toyota; and Xcel Energy. .; Toyota; and Xcel Energy.
Westinghouse Electric Company and Bloom EnergyCorporation have entered into a Letter of Intent to pursue clean hydrogen production in the commercial nuclear power market. Westinghouse and Bloom Energy will jointly develop an optimized and large-scale high-temperature integrated electrolysis solution for the nuclear industry.
Canada-based Euro Manganese (EMN) signed a non-binding Memorandum of Understanding (MoU) with Norwegian state-owned company Statkraft for the long-term supply of carbon-free renewableenergy for Euro Manganese’s flagship Chvaletice Manganese Project (CMP) in the Czech Republic. The MoU is one result of this ongoing process.
Chevron Corporation completed its previously announced acquisition of RenewableEnergy Group (REG) following approval by REG stockholders. The new Chevron segment will be called Chevron RenewableEnergy Group. Chevron RenewableEnergy Group will remain in Ames, Iowa, where REG has been headquartered.
Shipping major CMA CGM Group is creating a Special Fund for Energies to accelerate its energy transition and achieve net-zero carbon by 2050. It will help to support a global innovation platform developed alongside large corporations, SMEs, start-ups, and the academic and scientific community. The Fund will be backed by a US$1.5-billion
The California Energy Commission approved nearly $70 million in funding to replace more than 200 old diesel school buses with all-electric buses that will reduce school children’s exposure to harmful emissions and help the state reach its climate and air quality goals. —Energy Commissioner Patty Monahan.
(SoCalGas) will demonstrate a combination of technologies that will produce hydrogen from renewable natural gas (RNG) at SunLine Transit Agency’s hydrogen fueling station in Thousand Palms, California. The goal is to produce emissions-free renewable hydrogen for fuel cell electric cars and other vehicles at a price competitive with gasoline.
Twelve has developed an efficient polymer-electrolyte membrane (PEM) CO 2 electrolyzer that uses proprietary CO 2 -reducing catalysts to split CO 2 with just water and renewable electricity as inputs, syngas (CO and hydrogen) as the output, and pure oxygen as the only byproduct. Earlier post.).
DTE Energy has commissioned a new solar array at the Ford Research & Engineering Center in Dearborn, Michigan. The solar array, the third DTE has constructed with Ford, can generate 1,127 MWh of clean energy. The solar array, the third DTE has constructed with Ford, can generate 1,127 MWh of clean energy.
The round was led by Clean Energy Ventures with participation from investors Aramco Ventures; Eni Next, the corporate venture arm of Italian energy company Eni; United Airlines Ventures Sustainable Flight Fund; and Braavos Capital alongside existing investor Kiko Ventures (IP Group’s cleantech investment platform), and University of Oxford.
Kyocera Corporation and BYD Japan Co., announced a joint project to develop an integrated renewable supply-demand energy system for EVs. This system will also incorporate the Kyocera’s renewableenergy generating system. the Japanese arm of China’s BYD Co.
Fermata Energy, a vehicle-to-everything (V2X) technology services provider, recently raised $40 million to accelerate the company’s growth with investment from new partners, including funds managed by global investment firm Carlyle and Verizon Ventures. Oldenburg, a Managing Director specializing in renewables investing at Carlyle.
The initial refueling facility will provide Fortescue, ATCO and approved third parties with the opportunity to refuel vehicles capable of utilizing hydrogen as the primary fuel source, including a fleet of Toyota Mirai fuel cell electric vehicles which have been made available by Toyota Motor Corporation Australia.
Simone Accornero discusses how corporaterenewableenergy procurement in Europe is growing, but clearer EU rules are needed. The post Corporaterenewableenergy procurement: Greenwashing or a catalyst for the EUs clean industrial transition? appeared first on Innovation News Network.
Our energy platform expertise with Ultium vehicle architectures and propulsion components and HYDROTEC fuel cells can expand access to energy across many different industries and users, while helping to reduce emissions often associated with power generation. —Charlie Freese, GM executive director of the global HYDROTEC business.
Air Products and The AES Corporation plan to invest approximately $4 billion to build, own and operate a green hydrogen production facility in Wilbarger County, Texas. This mega-scale renewable power to hydrogen project includes approximately 1.4
Australia-based Woodside has signed an agreement with Japanese companies JERA Inc, Marubeni Corporation and IHI Corporation to undertake a joint study examining the large-scale export of hydrogen as ammonia for use decarbonizing coal-fired power generation in Japan. Green hydrogen is produced from renewableenergy using electrolysis.
Ultra Safe Nuclear Corporation (USNC), a US-based vertical integrator of nuclear technologies and services, Hyundai Engineering and SK E&C are teaming up to conduct research and development for carbon-free hydrogen production. It is also participating in a government-led green hydrogen production demonstration project.
million federal award funded through the US Department of Energy’s (DOE’s) Office of Energy Efficiency and RenewableEnergy (EERE). Enovix demonstrated 100% active silicon-anode lithium-ion cells with energy density of more than 900 Wh/l and full-depth of discharge cycle life of more than 500 in 2019.
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