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EU Innovation Fund grants €108M to RWE’s waste-to-hydrogen project FUREC

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RWE's FUREC project, which aims to produce circular and green hydrogen from non-recyclable municipal solid waste in Limburg, the Netherlands, received a €108-million grant from the EU’s Innovation Fund. The CO 2 released during the hydrogen production is captured and can be stored or possibly used as a raw material by industry in the future.

Waste 448
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DOE pulls grant funding from BlueFire Renewables cellulosic biofuels plant

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In an 8K filing with the SEC, BlueFire said that it is seeking to re-establish funding under the DOE Grant and has initiated the appeals process with the DOE. BlueFire also asserted that if it failed in reversing the DOE decision, it would devise a new strategy with respect to financing the Fulton Project. BlueFire Renewables, Inc.,

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New report showcases innovative finance tools to electrify truck, bus fleets; TCE Toolkit

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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”.

Financing 221
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ABB increases stake in InCharge Energy to 60%; fleet electrification services

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Its innovative service models offer subscription solutions such as software-as-a-service and fully financed charging-as-a-service. InCharge Energy’s innovative service models offer subscription solutions such as software-as-a-service and fully financed charging-as-a-service.

Fleet 408
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Report Finds That Urgent Changes in Transport Financing Required to Enable More Sustainable Transportation Globally

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While notable exceptions exist, the report says, the financing framework is often skewed towards supporting the motorization model: Domestic public finance is mainly used to build and maintain infrastructure to cater to increasing levels of motorized traffic.

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Electric bus maker Proterra completes $55M strategic financing

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Battery-eletcric bus manufacturer Proterra has completed a $55M strategic financing. In conjunction with the equity financing, Proterra completed a debt financing in an amount up to $25 million with Hercules Technology Growth Capital. The existing major investors in Proterra added $11 million of equity.

Financing 150
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AMPLY Power saves up to 40% on energy costs for Tri Delta Transit electric buses

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AMPLY expects savings to increase as Tri Delta Transit expands its electric bus fleet in the future. Such savings and LCFS credits can be reinvested into operations to accelerate a transit authority’s ability to adopt a zero-emissions future.

Energy 481