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Ground-breaking on Haru Oni eFuels plant|in Chile; Porsche to use in motor sports from 2022

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Porsche and Siemens Energy have joined forces with a number of international companies to build an industrial plant for the production of nearly CO?-neutral neutral fuel (eFuel) in Punta Arenas, Chile. Our tests with renewable fuels are going very successfully. neutral fuel using low-cost green wind power.

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HIF Global, Porsche and Volkswagen Group unveil new direct air capture unit to be installed at eFuels plant in Chile in 2024

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At the IAA Summit in Munich, HIF Global, together with Porsche AG, Volkswagen Group Innovation and MAN Energy Solutions, announced the development and installation of a Direct Air Capture (DAC) unit at the HIF Haru Oni Demonstration facility in southern Chile in 2024. Earlier post.) This is then made into synthetic fuel.

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BNEF: cost of new renewables rises as inflation starts to bite

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The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). Despite temporary cost rises for renewables, the gap to fossil fuel power generation continues to widen due to fuel and carbon prices rising even faster.

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Porsche strengthens commitment to industrial production of eFuels with $75M investment in HIF Global

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Among other projects, the Santiago de Chile-based company is building the Haru Oni eFuel pilot plant in Punta Arenas (Chile). Initiated by Porsche and implemented with partners including Siemens Energy and ExxonMobil, production of eFuels from hydrogen and CO 2 using wind energy is expected to start there in mid-2022.

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Enel enters public transit electrification market in US; partners with MassCEC for electric bus fleet

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Additionally, Enel North America, through its renewables business Enel Green Power North America, has been awarded a grant, also under ACTNow program, of US$37,000 to support the development of an emissions-based carpooling program for Enel’s 650-plus Massachusetts employees across its Boston and Andover offices.

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Wärtsilä report finds accelerated adoption of renewables can reduce electricity production costs by up to 50%

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The Front-Loading Net Zero report states that electricity production costs could be reduced by up to 50% by 2050 if countries and states adopt 100% renewable systems faster than currently planned. Utilities should keep repeating steps 1 - 3 until their systems run on 80 – 90% renewables.

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BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

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billion in new renewable energy capacity in 2020, up 2% on the year, helped by the biggest-ever build-out of solar projects and a $50-billion surge for offshore wind. Europe’s performance was driven by a record year for electric vehicle sales, and the best year in renewable energy investment since 2012. billion in 2020.

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