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Researchers at Argonne National Laboratory, with colleagues from Lawrence Berkeley, Oak Ridge, and National Renewable Energy labs, and the University of Tennessee, have published a comprehensive analysis of the total cost of ownership (TCO) for 12 sizes of vehicles ranging from compact sedans up to Class 8 tractors with sleeper cabs.
has closed a $68,155,000 “Green Bond” private activity bonds offering to finance the construction of its renewable natural gas (RNG) project in Northwest Iowa. Some RNG may be used by Gevo as process energy in its Net-Zero 1 Project or Gevo’s other future Net-Zero projects. Gevo received approximately $9.3
a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. Going forward, our primary goal for both current and future capital initiatives is to leverage the best available financing solutions that will provide liquidity and favorable economics.
million and 4 million vehicle sales respectively), according to research company Bloomberg New EnergyFinance (BNEF). However, achieving such growth level will be dependent on two key factors: aggressive reductions in battery costs and rising gasoline prices. Last week, J.D. million units in 2020, or some 7.3% Earlier post.)
Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. ETOGAS in the energy system. This would help speed up the return on investment in VGV for the development costs of the energy transition.
As the world contends with a global energy crisis, nuclear power has the potential to play a significant role in helping countries to securely transition to energy systems dominated by renewables, according to a new special report by the IEA.
V, equating to 98% energy efficiency, with an energy consumption of 40.4 With this level of cell energy efficiency—well above International Renewable Energy Agency’s (IRENA) 2050 target and significantly better than existing electrolyzer technologies—hydrogen production cost could be well below US$1.50/kg.
National Electric Vehicle Sweden (NEVS), the company resurrecting the Saab brand ( earlier post ), has halted production of its vehicles (currently at 6 units per day) while it sorts through financing issues and aligns its strategy with new OEM partners. Ltd, has not fulfilled its contractual obligation to finance the operations, NEVS said.
Skeleton Technologies , an energy-storage start-up located in Tartu, Estonia, was recently awarded a US patent ( #7,803,345 ) on its nanoporous carbon powder supercapacitor material. This allows increased access to nanopores by the liquids, in turn raising the energy density. million in 2011 to $284.1 million during that period.
trillion is spent annually on transport globally, mostly in ways that exacerbate rather than solve the problems associated with traffic growth, including congestion, health-harming air pollution, accidents, energy insecurity, and climate change. The report, A Paradigm Shift Towards Sustainable Low Carbon Transport , finds that more than $1.5
Based on an analysis of various cost of ownership scenarios for various drivetrains, including internal combustion engine (ICE) gasoline and diesel; hybrid (HEV); battery-electric (EV); plug-in hybrid electric (PHEV); and fuel cell vehicles, Lux Research concludes that fuel cell vehicles (FCVs) are “ solidly in a laggard position. ”.
Broader collaboration among key stakeholders and a new generation of finance solutions will be needed to electrify trucks and buses at scale by 2050, according to a report released today by Environmental Defense Fund (EDF), MJ Bradley and Vivid Economics. —“Financing the Transition”. —“Financing the Transition”.
The US Department of Energy (DOE) will award $56 million over three years—subject to congressional appropriations—for 21 total projects to further advance advanced concentrating solar power technologies (CSP). The Energy Department plans to make additional requests totaling $39.7 CSP awards. million in fiscal year 2011.
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.
Calysta Energy completed a Series A financing round totaling $3 million. The financing was led by Pangaea Ventures Ltd., Calysta intends to use the Series A investment to advance development of biological routes to high value industrial chemicals and fuels based on methane, an advantaged feedstock from natural gas.
Government leaders, ministers, international finance, business partners and civil society from across Africa attended the unveiling event. The research is enhanced by CVA’s strategic partnership with energy partners across Africa, Europe and around the world. This is equivalent to energycosts of US$60 a barrel.
Start-up Liquid Light, a developer of process technology to make major chemicals from low-cost, globally-abundant carbon dioxide ( earlier post ), has closed a $15-million Series B financing. The financing was completed at a significant increase in company valuation.
Loop Energy, a provider of fuel-cell-electric range-extenders for medium- and heavy-duty transport applications, has received an additional cash investment from Cummins Inc. Loop Energy fuel-cell range extenders comein 30 kW and 50 kW versions. Earlier post.). Earlier post.).
GE Capital’s Transportation Finance business and Clean Energy Fuels Corp., Clean Energy will then help offset the monthly cost of newly-acquired NGVs to make it consistent with the cost of a diesel truck, if the customer makes a fuel commitment.
The US Department of Energy (DOE) released the Energy Storage Grand Challenge Draft Roadmap and a Request for Information (RFI) seeking stakeholder input on the Draft Roadmap. Categories of storage included in the Energy Storage Grand Challenge. Over the Fiscal Years 2017-2019, DOE has invested more than $1.2
Comparative levelized cost of electricity in 2025 ($/MWh) at different CO 2 prices. Representative costs are reported in constant December 2010 US dollars. LCOE calculations are based on assumptions regarding future unit operations, operating costs, fuel prices, financing terms, and inflation. Source: EPRI.
Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). Renewable energy investment slightly declined in 2018, with modest growth through 2019.
SolarCity and Honda have renewed their partnership with a new fund expected to finance $50 million in solar projects. From an initial phone call or Web consultation, SolarCity can quickly assess whether a homeowner is a good candidate for solar, and can design a custom solar system to meet a customer’s specific energy needs.
China’s State Council has published a plan to develop the domestic energy-saving and new energy vehicle industry, which includes battery-electric vehicles, plug-in hybrid vehicles and fuel cell vehicles. Experts urged greater efforts on China’s part to boost development of the new energy vehicle industry.
A new study published by US Department of Energy’s (DOE) Argonne National Laboratory offers the most complete understanding yet of the costs of owning and operating a vehicle, and how those costs vary by powertrain, from the conventional to the cutting-edge. United States: N. doi: 10.2172/1780970.
are partnering to make solar power more affordable and available to Honda and Acura customers in the US, providing a cleaner source of electricity at a lower cost than utility-supplied power. SolarCity and American Honda Motor Co., < The offer is time-limited.
The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019. The latter cost at $74 and $81 per MWh, respectively.
Scientists led by a former co-chair of the Intergovernmental Panel on Climate Change are warning warn that the UN negotiations aimed at tackling climate change are based on substantial underestimates of what it will cost to adapt to its impacts. But previous estimates of adaptation costs have substantially misjudged the scale of funds needed.
Proterra launched Proterra Energy fleet solutions , a full suite of options that enable turnkey delivery of a complete energy ecosystem for heavy-duty electric fleets, including design, build, financing, operations, maintenance and energy optimization. —Proterra CEO Ryan Popple.
Global clean energy investment was $67.8 billion in the third quarter of 2018, down 6% from the same period last year, according to the latest Clean Energy Investment Trends report from research company Bloomberg NEF (BNEF). Public markets investment in clean energy jumped 120% to $3.1 billion, up 9% on a year earlier.
A new, broad measure of “energy transition investment”, compiled by BloombergNEF (BNEF), shows that the world committed a record $501.3 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. billion (down 11%).
Siemens suggests abandoning a fixed target for renewable energies and concentrating on the CO 2 reduction goal. Relying on a higher share of efficient, low-emission combined cycle power plants and wind energy could save €150 billion (US$200 billion) by 2030 while attaining the same CO 2 targets, Siemens says. Source: Siemens.
to finance the development and production of low-carbon fuels and energy transition metals. —Gerard Barron, Chairman and CEO of The Metals Company The world’s transition to a low-carbon future requires a generational change in our energy production and infrastructure. NORI and Low Carbon Royalties are a great fit.
Hyundai Motor Company is partnering with Incheon International Airport Corporation (IIAC), Air Liquide Korea and Hydrogen Energy Network (HyNet) to establish a hydrogen refueling station for fuel cell electric buses at Incheon Airport’s Terminal 2 by March 2021. Hyundai fuel cell bus.
AMPLY Power is working with Duke Energy Sustainable Solutions to expand fleet electrification offerings, including the first commercially available combination solar canopy and overhead electric vehicle charging solution covered by a power purchase agreement (PPA) leasing and financing model. PIDE Canopy Mount.
The other founders of ZES are ING Bank, energy and technical service provider Engie, and the Port of Rotterdam Authority. These will be charged using energy from renewable sources. The system is independent of the energy provider. ZES) , an enterprise aimed at making inland waterway shipping more sustainable.
Cost of carbon abated for transport applications. The report was prepared by Progressive Energy and CNG Services. The report does not identify an optimized process configuration for energy consumption. Cost of carbon abated. Click to enlarge. via the gasification of biomass waste—into methane. Carbon savings.
Senate Finance Committee Chairman Max Baucus (D-Mont.) This new staff discussion draft focuses energy tax policy on stimulating domestic, clean production of electricity and transportation fuels, which account for 68% of energy consumed in the US. The maximum investment tax credit is 20% of the cost of the investment.
President Obama today announced nearly $4 billion in combined federal and private sector energy upgrades to buildings over the next 2 years. The Presidential Memorandum calls for fully implementing existing federal authority to utilize Energy Savings Performance Contracts (ESPCs) in order to promote energy efficiency and create new jobs.
The US Department of Energy (DOE) released its five-year 2014-2018 Strategic Plan. The plan is organized into 12 strategic objectives aimed at three distinct goals: Science and Energy; Nuclear Security; and Management and Performance. Leverage increased private sector financing for deployment of “all of the above” energy technologies.
The US Department of Energy (DOE) announced up to $25 million in funding to reduce the cost of algal biofuels to less than $5 per gasoline gallon equivalent (gge) by 2019. Earlier post.). DOE Assistant Secretary EERE David Danielson, the opening keynote speaker for the summit, said that the agency is “all in” on algae fuels.
Clean Energy Fuels Corp. Clean Energy’s Zero Now program makes the cost of leasing or purchasing a new natural gas heavy-duty truck equal to the price or even lower than that of the same truck equipped with a diesel engine. Earlier post.).
Lightning eMotors offers a complete range of fleet-focused chargers and charging-as-a-service solutions, with full installation, utility integration, software control, and Low Carbon Fuel Standard and renewable energy credit support. The voucher program can reduce the upfront cost of advanced zero-emission fleet vehicles by 30 to 70 percent.
The US Department of Transportation (DOT) is awarding $100 million in Economic Recovery Act funding to 43 transit agencies for projects to reduce energy consumption and greenhouse gas emissions from both vehicles and facilities. The Federal Transit Administration reviewed more than $2 billion in applications for these funds.
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