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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.
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.,
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”.
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.
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.
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.
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.
In the future, we will have a high demand for green hydrogen and will also need imports in addition to production in Germany. The resulting losses are compensated by the federal government’s grant for a maximum of 10 years. Green hydrogen plays a central role in the transformation of our economy.
The A$300 million (US$193 million) Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC). The ARENA round is a $70-million grant program aiming to demonstrate the technical and commercial viability of hydrogen production at a large-scale using electrolysis.
It also has a connection to the existing natural gas network, which in the future could also be used for the transport of hydrogen. This kind of sector coupling enables new business models and a sustainable circular economy, which is to be completely powered by renewable energy sources in the future.
The grant will provide $10 million in the first year, which will fund the consortium members, in collaboration with more than 100 partner entities, to develop a roadmap to accelerate the growth and development of geothermal, leveraging expertise, technologies, and methods from the oil and gas industry.
Additional state grants, combined with the Honda financing, could enable FirstElement to add at least 12 stations to its California hydrogen network. FirstElement received grants totaling nearly $27 million from the California Energy Commission earlier this year to build a network of 19 stations around the state.
582 million (US$773 million) in grants for those buying zero or ultra-low emission vehicles to make them cheaper to buy and incentivize more people to make the transition. Public transport, cycling and walking: Making cycling and walking more attractive ways to travel and investing in zero-emission public transport of the future.
The European Investment Bank (EIB) will grantfinancing of up to €300 million (US$426 million) to Valeo for its current research projects aiming to reduce the fuel consumption and CO 2 emissions of cars and improve active safety. Tags: Europe Financing Policy Vehicle Manufacturers. billion (US$4.8
But the most immediate and pervasive risk to the economy is a wholesale collapse of the automotive supply base, Grant Thornton LLP partner Laura Marcero told the Automotive Press Association in Detroit. Grant Thornton LLP is the US member firm of Grant Thornton International Ltd, one of the six global audit, tax and advisory organizations.
announced that the Department of Energy has determined that the company has met the requirements necessary for Phase I of the application process for a loan guarantee and that the company has been invited to continue on to Phase II for the financing of their Fulton, MS Project. BlueFire Ethanol Fuels, Inc. BlueFire Ethanol Fuels, Inc.
The company is also working to procure additional programs for future production. The $303-million, 650,000 square-foot facility was financed in part from a $151.4 The review also found that work performed under the grant to LG Chem Michigan had not been managed effectively. Earlier post.). Currently, LG Chem, Ltd.
Financing is planned through debt and grants. Conventional lithium ion manufacturing plants use large quantities of toxic NMP (n-methyl-pyrrolidone), now suspected of causing birth defects and increasing operating costs, capital costs and future liabilities. Gigawatt hour (GWh) nominal energy storage capacity.
The work to enable this market access and grid support during the heatwave was made possible by the Nuvve-led INVENT project, funded by an EPIC grant from the California Energy Commission (CEC). Leap operates a leading marketplace for grid flexibility focused on Distributed Energy Resources.
However, the BMW Group is already planning further into the future beyond this next generation: By the end of the decade, the energy density of battery cells is expected to increase by at least a mid-double-digit percentage range. A key goal is to create truly green, low-carbon and recyclable batteries.
A report published by the European Court of Auditors (ECA)—the official institution that audits EU finances— found that two-thirds of urban transport projects co-financed by EU structural funds are underutilized. The auditors also physically visited the co-financed facilities, and the operating and maintenance centres.
Although ARB tentatively allocated $275 million in agencies in June of 2010, these allocations were contingent on future bond sales and now need to be revised based on the actual proceeds of $100 million.
Cuberg’s battery technology has some of the highest energy density we’ve seen in the marketplace, and its unique chemistries could prove to be a safe, stable solution for future electric air transportation. In September 2017, CalSEED awarded Cuberg $150,000 in Phase I grant funding.
The US National Science Foundation (NSF) has issued a grants opportunity notice ( PD-14-7644 ) for up to about $13 million in awards to fundamental research and education that will enable innovative processes for the sustainable production of electricity and transportation fuels. Batteries Biomass Financing Fuels Power Generation'
million in cash for use in the RD&D program that USEC had previously committed as security for future tails disposition obligations. USEC has granted DOE an irrevocable, non-exclusive royalty-free license in centrifuge intellectual property for government purposes.
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. CalSEED is administered by New Energy Nexus.
million grant to support research efforts to develop enhanced manufacturing processes, testing and utilizing of guayule natural rubber as a strategic source of raw material in tires, and evaluating the remaining biomass of the guayule plant as a source of biofuel for the transportation industry. Resources.
The British Columbia Government Ministries of Energy, Mines and Petroleum Resources and Jobs, Trade and Technology has awarded ITM Power a grant to undertake a Power-to-Gas (P2G) feasibility study. Once fully financed, the contract value of the pilot plant will be added to ITM Power’s opportunity pipeline. and G&S Budd Consulting Ltd.
priorities in clean energy and advanced manufacturing, through grants, financing assistance, and tax incentives that accelerate fundamental. of recommendations put forward by the Blue Ribbon Commission on America’s Nuclear Future. These funds are. part of a broad energy strategy that emphasizes. Projects Agency–Energy.
The True Zero stations plus 13 others make up a total of 31 stations open across California, supported by California Energy Commission grant funding and a long-standing State commitment to zero emission vehicles. The hydrogen sold at True Zero stations is transported in from facilities producing hydrogen for industrial uses.
The company’s Board of Directors considers this a good time for making new decisions regarding the future. Finnish Minerals Group’s share of the funding will be carried out by reallocating €30 million to the plant project from the €50 million investment commitment granted to Terrafame Plc in February 2017.
billion), mainly through individual grants from the European Research Council (€1.75 billion) of financing for SMEs under the thematic research priorities. Special attention will be given to Small and Medium-sized Enterprises (SMEs) in a package worth up to €1.2 billion (US$1.5 billion (US$3.3 billion), and Marie Sk?odowska-Curie
The tailored oils we expect to produce will not only expand our portfolio and address the growing demand of the fuels and oleochemicals industries, but also increase our capabilities to leverage new technologies for future opportunities in sugar and bioenergy.
The parties will also evaluate ITOCHU’s potential involvement and participation in Sasol’s green ammonia export-oriented project(s), including product offtake as well as financial support from Japan for studies and grants relating to green ammonia projects in South Africa.
This is an investment in Canada’s future. —Bill Morneau, Minister of Finance. On 29 November 2016, the Government of Canada granted approval for the Trans Mountain Expansion Project. Background. The original Trans Mountain Pipeline was built in 1953 and continues to operate today.
Port Infrastructure Development Grants support projects that strengthen and modernize port infrastructure, and can support shore-side wind energy projects, such as storage areas, laydown areas, and docking of wind energy vessels to load and move items to offshore wind farms. To date, LPO has provided $1.6
The two-year bioenergy project is funded in part by a grant from the US Department of Energy. —Christopher Peters, vice president of finance at CHOREN USA. Energy crop company Ceres, Inc. Ceres ARPA-E Award. Earlier post.).
billion based on visibility from export credit agencies, multilateral development finance institutions and commercial banking partners, exceeding management’s leverage target for the $1.7 It is an important confirmation that public and private partnerships are important to be successful in creating the green industry of the future.
Element Energy used a component-based cost model to estimate the current and future costs of conventional and novel powertrains based on peer-reviewed data—e.g., These ownership costs were combined with data on operators’ willingness to pay for low emission powertrains to predict the future consumer demand for ULEVs.
a startup developing innovative solid-state battery systems for use in future electric vehicles (EVs) that would fully charge in minutes, announced the grant of an exclusive technology license by Harvard University’s Office of Technology Development (OTD) and a seed round financing of $5.15 Adden Energy, Inc.,
This new reality means that we must contemplate a much more challenging future. The new reality is a much more challenging future in terms of planning, financing and predictability. —Jonathan Grant, director, sustainability and climate change, PwC.
The bonuses are financed by Audi AG and are available until 31 December 2017; they will be granted directly through the Audi dealerships without customers having to make separate applications. For future drivers of an Audi g-tron, the trade-in bonus increases by €1,000 compared with the regular amount.
A grant agreement worth a maximum of €4.2 Enel, as coordinator, and Austria’s main utility Verbund are collaborating on a fast-recharging network project in Italy and Austria, alongside some of the world’s largest EV carmakers including Renault, Nissan, BMW and Volkswagen Group Italia (represented by Volkswagen and Audi). million (US$4.4
Future applications, such as the production of industrial oils and bio-based diesel, will require further industrial supply chain development to customise techniques for extracting the oil and converting it to suitable products. 2015.00164.
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