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Global geothermal industry passes 12,000 MW operational

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The global geothermal industry surpassed 12,000 MW of geothermal power operational, with about 600 MW of new geothermal power coming online globally, according to a year-end update by the Geothermal Energy Association (GEA). New project announcements have increased the resource under development to about 30,000 MW.

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Westport Acquires OMVL of Italy and 100% of Juniper Engines for 19M; Launching a Light-Duty Automotive Strategy for Alternative Fuel Engines

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and SIT Group of Italy (the owner of OMVL), will become, indirectly, wholly owned by Westport. The integration of OMVL will complete Juniper’s light-duty strategy to enter the mobile industrial, non-mobile industrial, and automotive segments. liter industrial engine platforms, and OMVL’s LPG multipoint injection technology.

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France’s Ecotechnologies invests €10M in hydrogen storage company McPhy

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million) round—investment in McPhy Energy, an company dedicated to hydrogen production and to low pressure hydrogen storage for industrial and energy players. The equity investment aims to support the commercial development of the company following the acquisition of Piel, an electrolysis equipment production unit based in Italy.

Hydrogen 240
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Novamont launches joint venture for European BDO plant using Genomatica’s process

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Genomatica and Novamont have signed a definitive agreement establishing a joint venture (JV) for the first industrial plant in Europe producing butanediol (BDO) directly from renewable feedstocks. Under the agreement, Novamont is converting an existing facility in Adria, Italy to use Genomatica’s BDO process. Earlier post.).

Italy 210
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Solid-State Hydrogen Storage Company Closes 13.7M Funding Round

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McPhy Energy , a French company founded in January 2008 with the mission to industrialize and commercialize a new magnesium hydride solid state storage system for hydrogen, recently closed its second round of funding worth €13.7 million (US$17.3 McPhy’s technology addresses the merchant hydrogen and renewable energy markets. Following a €1.6m

Hydrogen 210
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Iveco Group introduces new pay-per-use business for electric trucks and vans

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Iveco Group has created a new entity: GATE (Green & Advanced Transport Ecosystem), a long-term, all-inclusive rental model for electric trucks and vans, which will support the industry’s energy transition. Iveco Group comprises eight unique brands.

Italy 199
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PSA Peugeot Citroën and General Electric sign a European Cooperation Agreement for the co-development of electromobility solutions; BEVs and PHEVs

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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. The agreement would see GE Capital lease EV vehicles across Belgium, France, Germany, Italy, Netherlands, Sweden, Portugal, Spain, Switzerland and the UK.

PHEV 218