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BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

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Global investment in renewable energy totaled $226 billion in the first half of 2022, setting a new record for the first six months of a year, according to Renewable Energy Investment Tracker 2H 2022, a new report published by research firm BloombergNEF (BNEF). Wind project financing was up 16% from 1H 2021, at $84 billion.

Financing 243
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LevelTen Energy raises $20.5M in Series B; expanding renewable energy procurement platform

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LevelTen Energy , a renewable energy procurement platform, closed a $20.5-million As part of the financing, Tim Woodward, managing director at Prelude Ventures, will join LevelTen Energy’s board of directors. This latest round of funding brings the company’s total investment to $27.3 Salesforce and Workday.

Renewable 223
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Gevo options SD site for expansion project; 45M gallons per year renewable jet fuel and gasoline

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The production facility planned for Lake Preston is contemplated to produce about 45,000,000 million gallons per year collectively of jet fuel and renewable gasoline products. Gevo intends to make a decision on whether to purchase the Lake Preston site in the future as part of Citigroup-led project financing.

Renewable 170
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Vulcan Energy and Nobian to form JV for Central Lithium Plant

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Vulcan Energy Resources signed a Term Sheet agreement with Nobian GmbH (Nobian) for the formation of a 50/50 joint venture over, and equity financing of, Vulcan’s Central Lithium Plant (CLP), which forms part of Vulcan’s Zero Carbon Lithium Project ( earlier post ).

Energy 210
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GlobalData: Hydrogen market growth to surge in 2023 despite slowing global economy

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On the other hand, venture finance deal values also grew from $595.23 Some other companies took part in multiple project investments globally to diversify their risk, including Fortescue Industries, which has two-thirds of its capacity outside its home country, Australia. Last year, mergers and acquisitions (M&A) deals reached $24.4

Hydrogen 473
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IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

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The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA). Size of the diameter of the circle represents the size of the project.

Renewable 150
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Aemetis RNG production exceeds plan by 20% during Q2 2023

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Aemetis, a renewable natural gas (RNG) and renewable fuels company focused on negative carbon intensity products, announced that its Aemetis Biogas subsidiary is operating the Central Dairy Project production facilities 24 hours per day, seven days per week, and has exceeded the RNG production plan by approximately 20% during Q2 2023.