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BNEF: EV company fundings bright spot as clean energy investment slips in Q3 quarter; 3 China EV companies raise $1.9B

Green Car Congress

Looking at the third-quarter global investment figures by type, asset finance of utility-scale renewable energy projects came to $49.3 billion convertible issue from waste-to-energy specialist China Everbright International and a $311-million IPO by US fuel cell developer Bloom Energy. Turkey at $1.2 —Colin McKerracher.

Clean 259
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Global geothermal industry passes 12,000 MW operational

Green Car Congress

New geothermal power came on line in Kenya, New Zealand, Nicaragua, Turkey, and Mexico, as well as Oregon, Nevada and Utah in the United States. The international geothermal power industry is poised to place between 500 and 1,000 MW on line per year for the rest of the decade, said GEA.

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Dow and AKSA forming JV for carbon fiber and derivatives; up to $1B investment in project within 5 years

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The Dow Chemical Company, through its wholly-owned subsidiary Dow Europe GmbH, and Turkey-based AKSA Akrilik Kimya Sanayii A.?. Following initial equity investments from the two companies, the JV will finance its growth through cash flow from operations and financial institutions.

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DOE awards $4M to carbon capture and storage projects selected as part of ACT

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The US Department of Energy’s (DOE) Office of Fossil Energy (FE) announced $4 million in federal funding for national laboratories to collaborate with international partners on seven projects out of the 12 that were selected as a part of the Accelerating Carbon Capture and Storage Technologies (ACT) Initiative. million of which €31.5

Carbon 150
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IEA: Estonia is pioneering technologies for more efficient and cleaner use of oil shale

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An article in the latest issue of IEA Energy: The Journal of the International Energy Agency reports that Estonia, which has the most developed oil shale industry in the world, is collaborating in pursuing wider use of oil shale in a cleaner, more sustainable manner. Different that shale oil—i.e.,

Estonia 236
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CISOLAR & GREENBATTERY 2024: Transforming Clean Energy Landscapes in Southeast Europe

Baua Electric

Mauro Rivola, VP International Sales Export Director Solar PV, BESS & H2, Ingeteam , noted, “The adoption of advanced solar and battery technologies is critical for Romania’s energy independence. Industry experts predict that Romania’s solar capacity could grow to 3.5

Clean 40
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G20 Leaders Agree to Phase Out Fossil Fuel Subsidies

Green Car Congress

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. We ask the international financial institutions to offer support to countries in this process.