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IRENA report says tripling renewables investment required to reach 2050 climate goal

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Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). Renewable energy investment slightly declined in 2018, with modest growth through 2019.

Climate 349
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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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Tesla in Berlin, Northvolt in northern Germany and Italvolt near Turin are among the projects that stand to lose the greatest volumes of their slated capacity as the companies weigh up investing in the US instead. Battery investment in the US and China continued to grow, and European companies have already signalled expansion in America.

Companies 430
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Fusion energy company TAE Technologies launches power management subsidiary TAE Power Solutions

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TAE Technologies , the world’s largest private fusion energy company, has spun-out a new subsidiary, TAE Power Solutions. TAE Power Solutions intends to deliver a novel technology to improve fundamentally the reliability, efficiency, longevity, and affordability of electric-powered products, from vehicles to renewable energy storage.

Fusion 250
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ClearFlame’s genset technology progresses through phase one trials

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The pilot demo marked the first ever genset demonstration for our company. All eyes now focus on the second pilot, where our engine will power a real customer with a renewable low carbon fuel. Performed at the Battery Innovation Center in Newberry, Ind., We're pleased to report that the feedback was very positive overall. Earlier post.)

Illinois 370
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Zero Carbon Lithium company Vulcan acquires geothermal plant; brine offtake agreement with geox

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Vulcan Energy Resources has agreed to acquire an operational geothermal renewable energy power plant in the Upper Rhine Valley at Insheim, Germany, through the acquisition of 100% of the shares in the entity which owns and operates the plant. Purchased for approximately €31.5 The geothermal power plant in Insheim, Upper Rhine Valley, Germany.

Carbon 243
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Volkswagen commissions fast-charging park with 570 kWh of second-life MEB cell modules

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The advantage is that fast-charging infrastructure can be built nearly anywhere, even if in places with a low-capacity grid connection. wo other central German companies—AW Automotive and Automotive Research—were involved in the realization of the project. Residential areas are one example of where this could be used.

Charging 334
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Vancouver-based Ceylon Graphite granted industrial mining licence for M1 mining project in Sri Lanka

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announced the renewal of the Industrial Mining Licence for the Malsiripura, M1 mining project in Sri Lanka (known as Ceylon until 1972) from the Geological Survey and Mines Bureau (GSMB). The K1 mining project is fully permitted, and the company is in the process of deepening the shaft and has doubled capacity for hoisting graphite.

Sri Lanka 417