Remove Financing Remove Market Remove United Kingdom Remove United States
article thumbnail

IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

Green Car Congress

As a result, advanced economies have lost market leadership, as 27 out of 31 reactors that started construction since 2017 are Russian or Chinese designs. Government financing will remain necessary to mobilise new investment, not just for plants but also to develop the latest technologies. —IEA Executive Director Fatih Birol.

Russia 458
article thumbnail

EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

Green Car Congress

In the United States, refining capacity has decreased by about 1.1 Less petroleum demand and the associated lower petroleum product prices encouraged refinery closures, reducing global refining capacity, particularly in the United States, Europe, and Japan. million b/d in 2022 and by an additional 1.6 million b/d in 2023.

Global 448
article thumbnail

Navigant Research projects global market for plug-in charging equipment to grow to 4.3M units and $5.8B in revenue in 2022

Green Car Congress

The market for plug-in electric vehicles (PEVs) has expanded in recent years in parallel with the deployment of publicly accessible charging stations, mainly funded by government programs. Overall, Navigant Research expects global sales of electric vehicle supply equipment (EVSE) to grow from around 442,000 units in 2013 to 4.3

Plug-in 225
article thumbnail

Zipcar doubles its asset-backed securitization facility to $100M to support fleet growth

Green Car Congress

Given our ongoing growth ambitions in existing and new markets, access to attractive fleet financing is integral to our success. Zipcar operates a car sharing network of approximately 650,000 members and 9,000 vehicles in the United States, Canada and the United Kingdom. —Zipcar CFO Ed Goldfinger.

Fleet 252
article thumbnail

Pew: global clean energy investment reached record $243B in 2010

Green Car Congress

Global clean energy finance and investment grew significantly in 2010 to $243 billion, a 30% increase from the previous year. The United States, which had maintained the top spot until 2008, fell another rung in 2010 to third with $34 billion. Public market financing grew 27% to $15.9 Click to enlarge.

2010 236
article thumbnail

Protean Electric raises $70M to accelerate adoption of in-wheel drive systems for electrified vehicles in China

Green Car Congress

Existing investors Oak Investment Partners and GSR Ventures co-invested in Protean’s equity financing round. The joint venture will engage in production and marketing of other in-wheel motor products. and Tianjin THSG Corporation. Peak output torque is 1000 N·m and continuous output torque is 650 N·m.

China 150
article thumbnail

G20 Leaders Agree to Phase Out Fossil Fuel Subsidies

Green Car Congress

Inefficient fossil fuel subsidies encourage wasteful consumption, distort markets, impede investment in clean energy sources and undermine efforts to deal with climate change. The inaugural meeting of the G-20 took place in Berlin, on December 15-16, 1999, hosted by German and Canadian finance ministers.