This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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. If this potential production supplied the Volt Gas Volt plants, the nuclear plants could operate at nearly 100% capacity. Click to enlarge.
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.
Nissan, Mitsubishi Corporation, Mitsubishi Motors Corporation, PSA Groupe, NUVVE, Frederiksberg Forsyning, Enel, Insero and DTU (Technical University of Denmark) Electrical Engineering (PowerLabDK) are partnering in the Danish project Parker to develop a universal definition for grid integration for electric vehicles.
The global push to convert the world to electric vehicles will cause supply chain complexities that could undermine the alternative energy transition in the United States, according to a new report from Rice University’s Baker Institute for Public Policy. The detailed report— Need Nickel? Global Nickel Trade and Chinese Dominance.
Gridtractor will help farmers integrate electric charging and vehicle to grid (V2G) into their operations to strengthen the power grid with its smart energy platform. In addition, the company estimates farms can save 55-75% on fuel costs by going electric, and up to 90% by supplying stored power to irrigation pumps and to the grid.
(CPV); GE Energy Financial Services; and Diamond Generating Corporation (DGC), a wholly-owned subsidiary of Mitsubishi Corporation, co-owners of the planned $900-million CPV Sentinel power plant, have closed the largest project financing in the US thermal power industry this year for the facility to be built in Riverside County, Calif.
From 2024 this will be used to supply the bp refinery in Gelsenkirchen. Most of the transport will take place via existing gas grid lines (shown in orange), which will be converted to hydrogen transport. The IPCEI program can finance the network construction in part.
INEOS Bio announced that its joint-venture project, INEOS New Planet BioEnergy (INPB), has finalized $75 million in private financing utilizing the US Department of Agriculture (USDA) loan guarantee program for its new Indian River BioEnergy Center located in Florida. Earlier post.) The hot synthesis gas is quenched and cleaned. Fermentation.
Audi will supply three sources of green energy in the scope of the e-gas project: electricity, hydrogen and methane gas. The e-gas project consists of two main components: Audi is contributing to the construction of offshore North Sea wind turbines which will generate clean power,that is then fed into the public power grid.
The report also found that vehicle-to-grid (V2G) technology can play a role in driving down power sector emissions and generating value for consumers. Concessional finance has been a key enabler for the development of renewable power generation in emerging economies and could play a similar role in the EV sector.
At the Zwickau vehicle plant, Volkswagen commissioned the first fast-charging park in Saxony supplied with energy largely from a power storage container (PSC). The advantage is that fast-charging infrastructure can be built nearly anywhere, even if in places with a low-capacity grid connection.
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
T&E used publicly available information to assess the 50 gigafactories announced in Europe based on their finance and permits, whether they had secured a location, and the companies’ links to the US. A central fund accessible to all member states should prioritise battery value chains, renewables and smart grids.
The plug-in hybrids have been further developed, and enable rapid recharging from electricity grids via the Opbrid B?sbaar Hamburg and Luxembourg have already signed contracts for supplies of the buses in 2014 and 2015. The project is co-financed by Life+, the EU’s financing program for environmental projects.
AlphaStruxure will design, build, finance, own and operate the project to enable Ride On’s growing electric bus fleet. Climate Resilience & Operational Reliability: Ensures uninterrupted bus services during any long-term power outages caused by severe weather as well as any short-term disturbances or perturbations of the utility grid.
billion to 21 projects to expand domestic manufacturing of batteries for electric vehicles (EVs) and the electrical grid and for materials and components currently imported from other countries. billion will go to 11 projects in the materials separation and processing segment of the supply chain. Earlier post.) Of that, $1.6
The ZESPacks are designed for multiple applications, enabling them to be utilized for temporary onshore use, such as stabilizing the local electricity grid or meeting short-term demand for electrical power. To make it easier for barge operators to sign-on to the concept, a ‘pay-per-use’ financing model has been developed.
The system has a total capacity of up to 328 kWh, which can be used to supply fast-charging stations with a transmission power of up to 150 kW. This electricity can then be used at any time with full transmission power, regardless of the weather or the current load on the local power grid.
Solaris will supply the articulated, low-floor and zero-emission trolleybuses to the customer within 12 months. The main purpose of the project co-financed by the EU is to reduce pollutant emissions in the centre of the city. For example, in the case of a power grid outage they will be able to safely exit an intersection.
A123Systems has raised $69 million from GE and other investors to accelerate the expansion of its US lithium-ion battery manufacturing and smart grid capabilities. The funding will also support A123’s efforts to develop applications for the smart grid, such as utility-scale energy storage. Earlier post.)
Amprius’ plan, outlined at the DOE Merit Review in 2012, is to start with consumer electronics and move to vehicle and grid storage markets. The company has begun supplying smartphone and tablet OEMs with its first first two product families, based on an 1,850 mAh (580 Wh/L) battery and a 4,060 mAh (600 Wh/L) battery. Source: DOE.
ZAP will begin financing discussions with fleet operators pending successful completion of the trial which is likely to run through the winter season. ZAP plans to utilize this financing alliance to pursue other volume fleet opportunities in the Americas and SE Asia.
A newly released report financed by the World Bank and prepared by consultancy PRTM analyzes China’s New Energy Vehicles Program, as well as the Ten Cities, Thousand Vehicles Program, in the context of these megatrends and concludes that the overall value chain shift could favor China from both a technological and supply chain perspective.
The total worldwide manufacturing capacity of lithium-ion batteries for electric vehicles will greatly exceed supply unless demand by automakers increases significantly in the short-term, according to new research by Bloomberg New Energy Finance (BNEF). As a result of the overcapacity, battery prices are poised to fall.
The vision for the ESGC is, by 2030, to create and sustain US global leadership in energy storage utilization and exports, with a secure domestic manufacturing base and supply chain that is independent of foreign sources of critical materials. Over the Fiscal Years 2017-2019, DOE has invested more than $1.2
The acquisition of the two mines was financed through US$36 million in debt, royalty and stream financing provided by funds managed by Sprott Resource Streaming and Royalty Corp. The balance of the financing proceeds will be used to fund the restart of operations in Namibia and for working capital purposes. million in cash.
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
Up to 77% of the world’s energy supply could be met by six key renewables by mid-century under the most optimistic scenario if backed by the right enabling public policies, according to a new report by more than 120 researchers working with the Intergovernmental Panel on Climate Change (IPCC). Source: SRREN. Click to enlarge.
announced a battery and power electronics development and supply agreement and an investment in eNow, Inc., Under the terms of the agreement, XL Fleet will supply battery and power electronics systems for the first 1,000 units of eNow’s new electrified refrigerated trailer solutions. XL Fleet Corp.
TAE says that its non-radioactive approach represents the fastest, most practical, and economically competitive solution to bring abundant carbon-free energy to the grid. Goldman Sachs served as the exclusive financial advisor in connection with the Series G-2 financing round. billion for its commercial fusion development.
Financing is planned through debt and grants. Products from this captive plant will now be expanded to broader markets including utilities, energy storage of wind and solar, aerospace, micro-grids, marine and automotive industries while maintaining supply to its present customer.
Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. This includes spending on renewables such as wind and solar as well as grid and other infrastructure. trillion in 2022, IRENA said.
However, while the new tax credit policy supports more growth based on BNEF’s long-term forecast, supply chain constraints cloud deployment expectations until 2024. Record electricity prices are forcing consumers to consider new forms of energy supply, driving the residential storage market in the near term.
Our aim is to achieve a sustainable energy system with secure supplies and affordable electricity. More than 90% cite affordability and security of supply as the biggest challenges to a successful energy transition. To guarantee their supply commitments, they must secure their capacity with flexible power plants or with storage.
It means lost jobs and economic opportunities today, as well as lost energy supply that we might well need tomorrow once the economy recovers. Companies with weakened balance sheets and more uncertain demand outlooks are cutting back on investment while projects are also being hampered by lockdowns and disrupted supply chains.
Australian renewable energy Edify Energy has formally announced that its high-profile 150MW / 300MWh battery storage system has completed its financing. We have long been believers of harnessing the full capability of power electronics and preparing for a 100% renewables-based grid. Don’t hesitate to contact us with news tips.
Once operational, the project will supply clean electric power to approximately 140,000 California homes. The project will be interconnected to the electricity grid via an upgraded SCE transmission line. The conditional commitments contemplate that the Federal Financing Bank will provide the financing for the project.
The local grid near the company’s headquarters in Southern California provides 2 MW of power, while its fifth-generation fusion research reactor, Norman, operates at up to 750 MW. Background. The path to Power Solutions began with TAE solving a power problem for fusion. billion.
The $303-million, 650,000 square-foot facility was financed in part from a $151.4 Lithium-ion batteries are expected to play an important role in smart grid electric utility management as storage devices for electricity produced by both conventional and alternative methods. Earlier post.). Currently, LG Chem, Ltd.
The New York State Public Service Commission (PSC) has granted the Beacon Power Corporation a Certificate of Public Convenience and Necessity (CPCN) for its proposed 20 MW flywheel frequency regulation plant in Stephentown, New York, and approved the project’s overall financing. Earlier post.).
GE Energy’s Industrial Solutions will supply and deploy the infrastructure products needed to make the projects possible, in particular charging stations and installer network. In July 2011, GE Capital announced the first European supply of EV Citroën C-Zero cars to technology giant, 3M. million globally.
This power plant can produce zero-emission power on a 24/7 basis from intermittent renewable energy, in order to support electrical grids. The collaboration also contemplates Ballard supplying LCS fuel cell stacks for these systems based on an exclusive long-term supply agreement.
The power plant will provide renewable electricity for the ethanol refinery and will supply approximately 20% of Sierra Leone’s national grid. Sugarcane will be converted into bioethanol to meet demand in European and domestic markets.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content