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Renewables to overtake coal as largest global electricity source in 2025

Teslarati

While more effort is needed to reach that goal, one energy organization has predicted that renewables will overtake coal generation as the world’s largest electricity source in early 2025. The post Renewables to overtake coal as largest global electricity source in 2025 appeared first on TESLARATI. What are your thoughts?

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Ukraine state oil and gas company signs $3.656B credit agreement with China Development Bank to finance substituting natural gas with coal

Green Car Congress

The Ukraine state oil and gas company Naftogaz signed a US$3.656-billion credit agreement with the state-owned China Development Bank to finance the program of substituting natural gas with locally produced coal. billion annually and stimulate the production of 10 million tons of domestic coal per year.

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Panda Power finances conversion of retired coal plant to natural gas; one of largest power conversion projects in US

Green Car Congress

Panda Power Funds has financed the 1,124 megawatt Panda “Hummel Station” power plant—one of the largest coal-to-natural gas power conversion projects in the United States. The plant will be located at the site of the retired Sunbury coal-fired power plant near Shamokin Dam in Snyder County, Pennsylvania.

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US Fuels acquires coal-to-diesel IP for scalable plants near mine sites

Green Car Congress

Startup US Fuel Corporation (USF), which plans to design, build, own and operate scalable facilities near coal mine sites to convert coal into synthetic fuels, will acquire coal-to-diesel intellectual property (IP) that USF co-developed with an executive team consisting of Paul Adams and Steve Luck.

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DKRW Advanced Fuels signs major off-take contract for 100% of coal-derived gasoline from Medicine Bow project

Green Car Congress

DKRW Advanced Fuels LLC subsidiary Medicine Bow Fuel & Power LLC (MBFP), has entered into a contract with Vitol Inc., The contract is one of the first major commercial agreements in the US for the sale of liquid transport fuels made from coal. Medicine Bow, Wyoming. Earlier post.) We have received front end.

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NRG invests additional $35M in FuelCell Energy for 6% of company; establishes $40M financing facility

Green Car Congress

which designs, manufactures, operates and services carbonate fuel cell power plants, announced a broadening and deepening of its existing relationship with NRG Energy including a $35.0-million The company has the option to continue the financing term for each project after COD for a maximum term of five years per project. per share.

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Australian thermal coal mine aims for Q4 restart on supply deal – ET Auto

Baua Electric

Surging prices for coal last year have led to some new coal mines ramping up after the war in Ukraine exacerbated a supply shortage brought on by growing reluctance from climate conscious investors to funding new fossil fuel projects. In March it had said it expected to restart in the second half of 2023.

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