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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.
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.
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.
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.).
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
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.
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.
Latest research from Specialist Car Finance Experts, Forza Finance , has revealed that BMW is the most popular luxury car brand to finance in 16 of Europe’s 44 countries including the UK & Ireland based on finance rather than sales or units. Forza – Car Finance Map of Europe Infogram. Methodology.
The transaction is not subject to a financing condition. Sevcon’s Bassi Division produces battery chargers for electric vehicles; power management and uninterrupted power source systems for industrial, medical and telecom applications; and electronic instrumentation for battery laboratories.
billion) to be invested by 2014 supports the H2moves project together with national funds from the Norwegian Transnova program and the Danish EUDP programme as well as industry contributions. million (US$25 million) financed by company contributions as well as European and national funding from Norway and Denmark.
an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, signed a Letter of Intent to jointly study the feasibility of, and later, develop a Hub facility in Portovesme, Italy. This would enable a cost-efficient and expedited development plan.
Standard AC charging takes seven hours, in-line with the industry standard for plug-in vehicles. Initial deliveries were made to customers in Germany, Austria, the Netherlands and Slovenia with developments in Belgium, Italy, France and Spain due to be confirmed shortly as Maxus accelerates its Europe-wide growth plans.
There were seven billion-dollar-plus financings of offshore wind projects, boosting the investment totals for the Netherlands, the UK and Germany. billion, the largest single renewable energy asset finance deal ever, outside large hydro—that of the 600MW Gemini project in Dutch waters. billion set in 2011.
At year’s end, however, financing for new projects and new orders for turbines and components slowed as the financial crisis began to hit the wind sector. Close to one-third of all new capacity in 2008 was installed on the Asian continent. China would then have met its 2020 target of 30 GW ten years ahead of time. In Europe, almost 8.9.GW
EV market demand has shifted toward so-called LFP batteries, which are less powerful but also less expensive and longer lasting than NMC batteries, and increasingly found on cars made by industry leaders Tesla and China’s BYD. billion) in financing to build out its capacity, for a total of 13 production lines.
Boston, USA & Milan, Italy, 22nd February 2023 - , Electra Vehicles, Inc. , The company has recently opened an Italian branch based in Turin, Italy, to expand its presence in the Italian and European markets and accelerate the energy transition to a more sustainable future through electric mobility.
The shipping industry has been trying to cut its carbon emissions for years, and with little to show for it. The industry now faces serious pressure to pick up the pace. body that governs the industry, representatives doubled down on carbon-reduction ambitions, setting a net-zero emissions goal for 2050.
It would additionally borrow towards its structures and alternative property to boost finances, Anastasiya Pasterick, the corporate’s lately appointed CFO mentioned Tuesday all the way through the corporate’s first-quarter income name. Nikola will promote its stake in Iveco again to the corporate for $35 million.
The new line is part of CNH’s existing Lecce, Italy plant, which occupies 600,000 square meters of space and (now) houses 7 product lines for 203 models and 4896 different configurations of wheel loaders, compact wheel loaders, backhoe loaders, telehandlers, and motor graders.
The new-car markets of France, Italy and Spain saw continued losses in August, with each country posting registration declines. The month has been particularly hard for the automotive industry. Data from the Automotive Industry and Mobilities ( PFA ) shows that 85,977 passenger cars were delivered in the month, down by 24.3%.
The new-car markets of France, Italy and Spain saw continued losses in August, with each country posting registration declines. The month has been particularly hard for the automotive industry. Data from the Automotive Industry and Mobilities ( PFA ) shows that 85,977 passenger cars were delivered in the month, down by 24.3%.
Gaynor was promoted to chief engineer there and relocated his family to Italy, where they lived for seven years. Snyder introduced him to other IEEE leaders and inspired him to become a member of the IEEE Technical Activities ’ finance committee, which jump-started his volunteerism. He says he relishes the relationships he’s built.
Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). by Bill Cooke. M barrels/day of oil within the next 10 years ”. Billion vs. $28.3 Billion in 2008). Earlier post.).
Electric vehicles will be rolled out in France, Germany, Belgium, Spain, Italy, Portugal, the United Kingdom, Australia and New Zealand and will be subsequently extended to other countries, as part of the alliance. The Renault-Nissan Alliance will introduce zero-emission vehicles in the United States and Japan starting from 2010.
The travel industry is in the midst of another hot summer as Americans hit the road and make for the airport to take advantage of slightly cheaper flights and gas. Many richer consumers — always the lifeblood of the travel industry — are feeling good this year as a strong stock market and rising home values boost their wealth.
of its energy from renewable sources by 2030, alongside the European Union’s Green Deal goals, has created fertile ground for rapid industry expansion. Industry experts predict that Romania’s solar capacity could grow to 3.5 The Romanian government’s commitment to achieving 30.7%
To survive, help is needed from Italys Fiat but, as negotiations with the Italian automaker bog down and the two week deadline to hammer out a partnership approaches, the companys future - as well as its aspirations for an electric hot rod - are increasingly in doubt. More How healthy are your finances? 5.90 / 0.07% Nasdaq 1,673.07
Comet Biorefining, an industry leader in the production of high-purity cellulosic dextrose, has completed a round of equity financing led by new investor PM Equity Partner. Current investor Sofinnova Partners and new investor Bioindustrial Innovation Canada (BIC) also participated in the financing.
We will have our Energy and Finance Ministers, based on their national circumstances, develop implementation strategies and timeframes, and report back to Leaders at the next Summit. The inaugural meeting of the G-20 took place in Berlin, on December 15-16, 1999, hosted by German and Canadian finance ministers.
The China policy response to assist the commercial-vehicle industry has been broad, with a variety of direct and indirect supports announced, locally and nationally. New financing has also been announced to eliminate high emissions vehicles in key regions which should give some support to boost to truck sales, all else being equal.
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. EU battery manufacturing is caught in the crossfire between America and China. Europe must act or risk losing it all.
Proesa is used to produce bio-fuels and chemical intermediates and it has been demonstrated on an industrial scale at the Crescentino plant. Biochemtex is also developing a new technology called MOGHI to convert lignin into bio-diesel and other aromatics, largely used in the industrial field.
The European Commission has approved under EU State aid rules an Important Project of Common European interest (IPCEI) jointly notified by Belgium, Finland, France, Germany, Italy, Poland and Sweden to support research and innovation in the common European priority area of batteries.
Meanwhile, southern countries like Spain and Italy, have continued to struggle. The European Commission recently published its Industrial Action Plan for the blocs automotive sector, providing some relief to carmakers. However, Spain, Italy and Poland might see more of an impact as their national targets are not as strong.
The USA is the leader in the EV industry, as California-based, Tesla, dominates the market worldwide . Tesla’s Model 3 achieves the highest sales volume worldwide being the top model purchased in 19 countries worldwide . Ranking as the second and third most popular electric vehicle (EV) manufacturers are Nissan and Renault.
3-billion-euro plant opened through ACC (Car Cells Corporate) – the battery producer involving Stellantis, Mercedes-Benz and French power corporate TotalEnergies – France equipped about 840 million euros in subsidies, together with finances for analysis and construction, consistent with the finance ministry. For the two.3-billion-euro
12 February 2025 Read next BEVs breakthrough in Italy despite vulnerable new-car market 11 February 2025 Read next France sees new-car registrations fall as hybrids sweep closer to the top 10 February 2025 Read next The Automotive Update: Could PHEV sales continue after 2035 in the EU? This was up by 3,637 units compared to January 2024.
The new reality is a much more challenging future in terms of planning, financing and predictability. The challenge now is to implement gigatonne scale reductions across the economy, in power generation, energy efficiency, transport and industry, as well as REDD+ in forested nations. —PwC report.
At issue is the 2012 expiration of the Kyoto Protocol, a binding but effectively unenforceable 1997 treaty that had set greenhouse gas (GHG) emission reduction targets for 40 industrialized countries, referred to as Annex 1 countries, yielding an average GHG reduction of 5.2%
In order to envision what may lie ahead, it’s key to understand how the EV industry was evolving up until the novel Coronavirus outbreak. The ongoing COVID-19 pandemic has slowed down the world as we know it and the automotive industry is no exception. EVs were experiencing rapid growth before the COVID-19 outbreak.
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