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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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T&E: two-thirds of European battery production at risk as companies weigh investing in US instead

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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.

Companies 430
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Biomass-to-sugar company Comet Biorefining completes new round of equity financing

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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.

Financing 150
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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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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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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.).

Financing 150
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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