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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
Global renewableenergy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International RenewableEnergy Agency (IRENA) and Climate Policy Initiative (CPI). Renewableenergy investment slightly declined in 2018, with modest growth through 2019.
The US Department of Energy (DOE) closed on a $504.4-million million loan guarantee to the Advanced Clean Energy Storage project in Delta, Utah (ACES Delta)—marking the first loan guarantee for a new clean energy technology project from DOE’s Loan Programs Office (LPO) since 2014.
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.
ClearFlame Engine Technologies , a startup developing net-zero engine technology ( earlier post ), has secured $17 million in Series A financing, which will enable commercialization of the company’s innovative engine technology for the long-haul trucking, agriculture and power generation sectors.
And what I myself need from our next Representative in the House is the person who will most effectively help me drive the South Bay to 100% renewableenergy as we transition off of fossil fuels in the next decade. That’s why I am wholeheartedly endorsing her as my choice in this election.
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.
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. Project VGV uses surplus electricity generated by renewable and nuclear sources to produce hydrogen via electrolysis.
Estimated consumption subsidies, industrial and developing countries, fossil fuels and renewables. Fossil fuel subsidies continue to far outweigh support for renewableenergy, according to new research conducted for the Worldwatch Institute’s Vital Signs Online service. Source: Worldwatch. Click to enlarge.
The US Department of Energy (DOE) issued a draft loan guarantee solicitation for renewableenergy and energy efficiency projects located in the US that avoid, reduce, or sequester greenhouse gases. Waste-to-Energy. Drop-in Biofuels.
FuelCell Energy, Inc., which designs, manufactures, operates and services carbonate fuel cell power plants, announced a broadening and deepening of its existing relationship with NRG Energy including a $35.0-million million investment in FuelCell Energy common stock by NRG Energy and the establishment of a new $40.0-million
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.
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.
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. This latest round of funding brings the company’s total investment to $27.3 Salesforce and Workday.
The Hydrogen Education Foundation announced the 11 th annual Hydrogen Student Design Contest, which will challenge student teams to develop business and financing models for hydrogen fueling stations. Finalists will be asked to pitch their plans to investors.
million) Series A financing round. Trafigura, TechEnergy Ventures and Doral Energy-Tech Ventures also participated in the financing. Leveraging the funding, OXCCU plans to accelerate its path to market by scaling its catalytic approach to convert hydrogen and carbon dioxide into SAF and other sustainable fuels.
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.
GW by 2025 and to increase capacity further by 2030 in line with projected demand for renewable hydrogen. This will enable the annual EU production of 10 million tons of renewable hydrogen by 2030, set as target in the March 2022 REPowerEU Communication.
New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. China, both the world’s largest CO 2 emitter and largest market for clean energy production and consumption, played a crucial role in the story. billion and $2.7
The COVID-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year—from fossil fuels to renewables and efficiency—the International Energy Agency said in a new report. —Dr Fatih Birol, the IEA’s Executive Director.
Nissan Motor is launching a sustainable finance framework to help fund its next-generation electrified vehicles, batteries, environmental technologies, and new mobility services. The Nissan Sustainable Finance Framework will enable Nissan to raise funds needed to further enhance its sustainability efforts.
Saying that “ investment-grade climate change and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climate change.
ExxonMobil has signed an agreement with Global Clean Energy Holdings to purchase 2.5 million barrels of renewable diesel per year for five years from a converted California refinery starting in 2022. As background, globally, in 2019, ExxonMobil sold some 1.9 million barrels per day of heating oils, kerosene and diesel oils.
announced that its subsidiary SoCal Biomethane will supply renewable natural gas (RNG) as facilitated by renewable fuels marketer Anew Climate to FuelCell Energy’s Tri-gen system to produce carbon-negative hydrogen and electricity for Toyota Motor North America, Inc.’s Anaergia Inc. The fuel cells will also produce a net 2.3
has selected Axens Vegan Renewable Hydroprocessing technology for its “Carbon Zero 1” production plant in Riverbank, California. Axens Vegan technology is designed to hydrotreat a wide range of lipids and to produce a flexible slate of low-density and high cetane renewable diesel as well as renewable jet fuel. Aemetis, Inc.
Hydrogen development, given its application across various industries, is indispensable to attaining energy transition, meeting decarbonization goals, and positioning leading companies as market experts. On the other hand, venture finance deal values also grew from $595.23 Last year, mergers and acquisitions (M&A) deals reached $24.4
The A$300 million (US$193 million) Advancing Hydrogen Fund will be administered by the Clean EnergyFinance Corporation (CEFC). As an early priority, CEFC will seek investment in projects included in the ARENA Renewable Hydrogen Deployment Funding Round. The CEFC Advancing Hydrogen Fund will draw on existing CEFC finance.
MagREEsource, a 2020 spin-off of the CNRS-Institut Néel that is commercializing processes for recycling rare-earth magnets and then remanufacturing new magnets from the recycled powders, has secured €5 million in financing and has opened its first pilot facility in Grenoble, with a capacity of 50 tons by 2023.
has completed a $5-million capital raise to begin construction of its demonstration-scale plant for the production of synthetic, renewable diesel fuel from woody biomass using licensed technology. It produces a renewable diesel that has the potential to meet ASTM standards (ASTM D975 & D396). PwC Corporate Finance Inc.
Clean Energy Fuels Corp. has reached agreement with trucking firms to lease or purchase more than 250 new heavy-duty trucks, fueled by its Redeem RNG (renewable natural gas). In addition, truck fleets financed or purchased through Zero Now will be able to purchase Redeem fuel with a fixed discount to diesel at a significant spread.
The US Department of Energy (DOE) has issued a draft solicitation that would provide up to $12.6 billion in loan guarantees for Advanced Nuclear Energy Projects. Currently, LPO supports a diverse portfolio of more than $30 billion in loans, loan guarantees, and commitments, supporting more than 30 projects nationwide.
SolarCity and Honda have renewed their partnership with a new fund expected to finance $50 million in solar projects. The companies have also collaborated on advanced projects that demonstrate the full potential of distributed renewables combined with plug-in electric vehicles, including Honda Smart Home US. Earlier post.)
In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. In November 2017, Enerkem received approval from the US Environmental Protection Agency (EPA) to sell cellulosic ethanol produced at its Edmonton facility under the US Renewable Fuels Standard (RFS). Earlier post.).
With the integration of a cavern storage facility by RWE in Gronau-Epe, the system, which is based on electricity generation from wind energy, can also make a contribution to supply security. The current focus is on the amendment of the Energy Industry Act (EnWG). The IPCEI program can finance the network construction in part.
Over time, losses will decrease as the willingness to pay for sustainable energy sources will increase in the foreseeable future. They will also have to contribute to the deployment or financing of the additional renewable electricity needed to supply the electrolyzers producing hydrogen under the scheme.
A new, broad measure of “energy transition investment”, compiled by BloombergNEF (BNEF), shows that the world committed a record $501.3 billion in new renewableenergy 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%).
USDA awarded the first loan guarantee in 2009 to Sapphire Energy in New Mexico. These loans would provide financing to produce renewable fuels from woody biomass, municipal solid waste and energy grasses such as switch grass, miscanthus and arundo donax. Earlier post.). USDA Biorefinery Assistance Program.
Vulcan Energy Resources signed a Term Sheet agreement with Nobian GmbH (Nobian) for the formation of a 50/50 joint venture over, and equity financing of, Vulcan’s Central Lithium Plant (CLP), which forms part of Vulcan’s Zero Carbon Lithium Project ( earlier post ).
Selected to serve the region’s renowned ski resort community, the Proterra fleet supports Park City’s and Summit County’s transition toward renewableenergy and the reduction of its overall carbon footprint. buy the bus, lease the battery.
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.
The SPV will develop a next-generation redox flow-battery stack based on a breakthrough high-energy-density vanadium electrolyte that is specifically formulated for marine propulsion applications. VEGA will arrange project financing, contribute fleet operations expertise, and conduct field testing of the marine battery prototype.
Energy storage installations around the world are projected to reach a cumulative 411 GW (or 1,194 GWh) by the end of 2030, according to the latest forecast from research company BloombergNEF (BNEF). Europe, however, is catching up with a significant ramp-up in capacity fueled by the current energy crisis.
TAE Technologies , the world’s largest private fusion energy company, has spun-out a new subsidiary, TAE Power Solutions. TAE Power Solutions intends to deliver a novel technology to improve fundamentally the reliability, efficiency, longevity, and affordability of electric-powered products, from vehicles to renewableenergy storage.
The EIB financing is supported under the European Fund for Strategic Investments (EFSI), the main pillar of the European Commission’s Investment Plan for Europe. It makes long-term finance available for sound investment in order to contribute towards EU policy goals. —Roeland Baan, CEO of Haldor Topsoe.
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