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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. The concept is the same embodied in Audi’s e-gas project ( earlier post ), to which the VGV proposal makes continued reference.
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. million in reimbursement for development, long lead equipment, and financing costs incurred during the development period upon closing of the Green Bond Offering.
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.
Audi A3 TCNG for e-gas project. Starting in 2013, Audi will begin series production of TCNG models whose engines—derived from TFSI units—will be powered by e-gas: synthetic methane produced via the methanation of hydrogen produced by electrolysis using renewable electricity. Click to enlarge.
CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. billion cash. The price represents a premium of. billion.
The US Department of Energy (DOE) has issued a Request for Information (RFI) ( DE-FOA-0001055 ) for light-duty fuel cell electric vehicles (FCEV) fueling infrastructure financing strategies within the context of an early market introduction. Hydrogen production today uses natural gas—a very low cost, domestically produced commodity.
The loan guarantee will help finance construction of the largest clean hydrogen storage facility in the world, capable of providing long-term low-cost, seasonal energy storage, furthering grid stability. The US Department of Energy (DOE) closed on a $504.4-million Rendering of Advanced Clean Energy Storage salt cavern.
Owning a plug-in electric vehicle today will save consumers thousands of dollars compared to owning a gas-powered vehicle, according to a new analysis by Consumer Reports comparing electrics to CR’s top-rated vehicles, as well as the best-selling, most efficient, and best-performing gasoline-powered vehicles on the market.
The Asian Development Bank (ADB) mobilized a $135-million climate financing package for VinFast Trading and Production Joint Stock Company (VinFast) for manufacturing Vietnam’s first fully-electric public transport bus fleet and first national electric vehicle (EV) charging network.
Electric vehicles will be classified as green investments as of 2026, but the EU's green finance rules are severely undermined by the European Commission’s labeling of gas as sustainable.
Shell plans to eliminate some of its current gas stations while putting further emphasis on EV charging. "We We are upgrading our retail network, with expanded electric vehicle charging and convenience offers, in response to changing customer needs," Shell said in its 2024 Energy Transition Strategy report (via Yahoo!
Volta, a builder of commerce-centric electric vehicle (EV) charging networks, announced an oversubscribed Series D financing of $125 million. Goldman Sachs acted as exclusive placement agent to the company in connection with the financing. —Scott Mercer, Founder and CEO of Volta.
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.
IG Metall, Germany’s largest union as well as Europe’s largest industrial union, warns that at Hüttenwerke Krupp Mannesmann (HKM), the switch to climate-neutral steel production is may fail due to the lack of financing. This would be the end of the plant, IG Metall said. With a current production volume of 4.2
Every year $110 billion of hydrogen gas is generated in refineries, chemical plants, and fertilizer plants of which 15%—$16 billion—are lost to flaring. Divi-H, DiviGas’ membrane, can recycle this previously unrecoverable hydrogen gas, netting the average refinery $3-6 million annually with a 2-3x return on investment (ROI).
Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,
Announced debt and public market financing activity in the first half of 2019 ($547 million in five deals) was 275% higher compared to the first half of 2018 when $146 million was raised in six deals. Announced debt and public market financing for smart grid companies came to $1 million in one deal in 1H 2019 compared to $1.3
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. Clean Energy Fuels Corp.
The Dodge Charger Daytona EV is launching with 0% APR, making it even cheaper to finance than the outgoing gas-powered model. The world’s first electric muscle car is finally here, and Dodge is already sweetening the deal for buyers.
The A$300 million (US$193 million) Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC). CEFC finance remains central to filling market gaps, whether driven by technology, development or commercial challenges. The CEFC Advancing Hydrogen Fund will draw on existing CEFC finance.
By using this hydrogen, the Chemelot industrial park in Limburg will be able to reduce its natural gas consumption by more than 280 million cubic meters per year. This corresponds to half of the annual domestic gas consumption in Limburg. This will save around 400,000 tonnes of CO 2 per year.
South 8 Technologies, a developer of electrolyte formulations for next-generation lithium batteries, has raised $12 million in Series A financing, led by Anzu Partners with participation from LG Technology Ventures, Shell Ventures, Foothill Ventures, and Taiyo Nippon Sanso Corporation (TNSC).
Government leaders, ministers, international finance, business partners and civil society from across Africa attended the unveiling event. The report was formally handed over to partners on 20 December. Pilot projects need to show successful green hydrogen generation, storage, distribution and use at both demonstration and commercial scale.
This is due to wind and solar projects generating only when natural resources are available while oil, coal, and gas plants can potentially produce around the clock. Of the total $133 billion in asset finance that flowed to supporting development of new clean energy projects in the markets in developing nations, just $24.4
Düsseldorf, Germany-base E.ON, one of the world’s largest investor-owned power and gas companies, is adopting a new strategic direction under which is will split itself in two. one of the leading players in the natural gas business. itself will focus on renewables, distribution networks, and customer solutions. SE shareholders.
These will include flexible financing, short-term rentals, and full-service leases, such as all-inclusive truck-as-a-service options with enhanced incentives and fueling support. Dealers and their financing partners, leasing and rental companies, or truck-as-a-service providers can serve as providers.
UTM Offshore signed an agreement for the Front-End Engineering Design (FEED) for Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility with engineering firms KBR, JGC Corporation and Technip Energies. The FLNG facility will have a Liquified Natural Gas (LNG) nameplate production capacity of 1.2
By financing certified environmental projects, fuel producers do more to improve the environmental impact of the remaining fossil components in R33 fuels. The aim is to further reduce the global greenhouse gas effect and the use of such fuels is a step towards Audi’s goal of carbon neutrality at its production sites by 2025.
The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. Earlier Bloomberg New Energy Finance analysis showed that, with gasoline at $2.09 on 30 June to $61.60
Panda Power Funds has entered into a joint venture with Sunbury Generation LP to develop, finance, construct and operate a 1,000 megawatt natural gas-fueled, combined-cycle power project near Shamokin Dam in Snyder County, Pennsylvania. An engineering, procurement and construction contractor has not yet been selected.
the world’s largest pure-play automotive fleet manager, will offer sales, financing solutions and vehicle management services throughout the vehicle lifecycle to EVV fleet operators. Element Fleet Management Corp., Club Car will provide sales and service support for the vehicles to Element and its Clients.
An electrically driven compressor for precise exhaust gas recirculation is also used. The research project is co-financed by the Swiss Federal Office of Energy (FOEN). This leads to a significantly more compact and cost efficient exhaust gas aftertreatment system, even for future extremely strict pollutant emission limits.
As the first batch of pilot projects of CNPC in the new energy field, the hydrogen stations in operation lay a foundation for the company’s future extensive deployment of hydrogen stations and the construction of hybrid stations of oil, gas, electricity, and hydrogen. CNPC) is an integrated international energy company.
The partnership with AVL has already resulted in bringing to production the TECO Future Funnel, a complete exhaust gas cleaning system. Financing alternatives are being evaluated. Total greenhouse gas emissions are to be reduced by at least 50% by 2050. The plan is to start fuel cell production in 2022.
In 2021, China imported more liquefied natural gas (LNG) than any other country, according to data from Global Trade Tracker and China’s General Administration of Customs, gathered by the US Energy Information Administration (EIA). Prior to 2021, Japan had been the world’s largest LNG importer for decades, according to data from Cedigaz.
Proton ceramic electrochemical reactors can extract pure hydrogen from gas mixtures by electrolytically pumping protons across the membrane at 800 °C. The ceramic membrane reactor also separates carbon dioxide more efficiently, enabling the greenhouse gas to be easily transported and sequestered. It also has CO 2 as a by-product.
The project will produce 37,610 barrels per day (bbl/d) of GTL diesel, GTL kerosene, GTL naphtha and LPG using natural gas supplied by Uzbekneftegaz from the Shurtan fields. In the first stage, natural gas is combined with oxygen to form a syngas. The majority of production will be GTL diesel and GTL kerosene.
The Dodge Charger Daytona EV is launching with 0% APR, making it even cheaper to finance than the outgoing gas-powered model. The world’s first electric muscle car is finally here, and Dodge is already sweetening the deal for buyers.
The Chevy Equinox EV is now available to finance at 0% APR with up to $8,500 in savings. At that rate, its even cheaper to finance than the gas-powered model right now.
The US Department of Transportation’s Federal Highway Administration (FHWA) announced a Notice of Proposed Rulemaking ( NPRM ) for states and municipalities to track and reduce greenhouse gas (GHG) emissions. A Discretionary Grant Program for Charging and Fueling Infrastructure will provide $2.5
Stanford University has launched a new research initiative to study comprehensively the development and use of natural gas. The new program will expand Stanford’s research on energy and the environment by focusing additional resources on the growing importance of natural gas. —Mark Zoback.
Air Liquide Korea will provide two high-capacity hydrogen chargers and supply hydrogen gas. The partnership is part of Korea’s Ministry of Environment’s project to install hydrogen refueling stations and subsidize privately financed infrastructure projects. Hyundai fuel cell bus.
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.
Pennsylvania’s Public-Private Partnership (P3) Board has approved a project seeking a private partner to develop compressed natural gas (CNG) fueling stations at public transit agencies around the state that would also provide public access to the facilities.
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