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EU investing €1.8B in 17 large-scale clean tech projects

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Grants will be disbursed from the Innovation Fund to help bring technologies to the market in energy-intensive industries, hydrogen, renewable energy, carbon capture and storage infrastructure, and manufacturing of key components for energy storage and renewables. captured at a Combined Heat and Power (CHP) plant.

Clean 334
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Groupe Renault creating first European factory dedicated to the circular economy of mobility in Flins

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The implementation of this industrial and commercial ecosystem will take place gradually between 2021 and 2024, replacing the production of new vehicles. The parts and materials resulting from this activity will also enrich the activities of Factory VO, as well as Re-Energy and Re-Cycle.

Economy 397
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LowCVP reports indicate pathways for meeting renewable energy targets in transportation, decarbonizing fuel to 2030 and beyond

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The UK’s LowCVP has published twin reports which set out how the UK could meet its 2020 targets defined in the EU’s Renewable Energy Directive, and proceed on a pathway to decarbonize road transport fuel in the period to 2030 and beyond. Model inputs were validated by an industry stakeholder consultation.

Renewable 255
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LSE report calls for global investment of an additional $3T each year to drive economic recovery and transformation

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It recommends that these should be a central part of the recovery packages of the G7 countries, which together should increase their annual investment by 2% of GDP, or $1 trillion, compared to pre-pandemic levels. The report highlights the potential for investments in zero-emissions energy and transport to create new jobs and economic growth.

Global 170
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Total to acquire battery-maker Saft in US$1.1-billion deal

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The offer values the company at nine times its 2015 reported EBITDA, which represents a significant control premium compared to recent valuation multiples in the battery industry. The combination of Saft and Total will enable Saft to become the Group’s spearhead in electricity storage.

Batteries 150
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The Role of Power Utilities in Turning EVs into a Grid Asset – Part 2

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Part 1 of this two-part blog discusses the challenges facing electric utilities – both electricity generators and grid operators – with electric vehicle (EV) adoption coinciding with the electrification of buildings, heating, and industry.

Grid 52
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DLR team integrates solar heat into solid oxide electrolyzer for highly efficient hydrogen production

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In the context of a wider use of renewable energy sources such as wind, photovoltaic and solar thermal power chemical energy carriers are needed for electricity storage due to the intermittent availability of renewable energy sources to maintain the high stability of the electricity infrastructure.

Solar 207