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Elevance Renewable Sciences raises $100M in Series C Financing; Total Energy Ventures joins in

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Elevance Renewable Sciences, Inc., which is commercializing olefin metathesis technology for renewable fuels and chemicals, has raised $100 million in its Series C financing round. The investment will support Elevance’s continued growth, including expansion and creation of biorefineries in Asia, North and South America.

Financing 210
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Rolls-Royce and SOWITEC cooperate on power-to-X projects

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Rolls-Royce Power Systems and SOWITEC, a specialist in renewable energy projects, have agreed to cooperate with the aim of providing power-to-X projects with a total electrolysis capacity of up to 500 megawatts by 2028. With more than 4.2

Power 186
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TerraStar Energy to license Emerging Fuels Technology’s Fischer-Tropsch and Maxx Jet/Maxx Diesel upgrading technology

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TerraStar Energy signed a Memorandum of Understanding (MOU) with Emerging Fuels Technology (EFT) to license EFT’s Fischer-Tropsch (FT) and Maxx Jet/Maxx Diesel proprietary technology ( earlier post ) to build a fleet of FLEX plants—small-scale, modular renewable diesel facilities.

Diesel 170
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Ballard and HDF Energy sign development agreement for multi-megawatt fuel cell systems

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Ballard Power Systems has signed a product development agreement with Hydrogene de France ( HDF Energy ), an independent power producer dedicated to renewable power generation, for the development and integration of a multi-megawatt (MW) scale fuel cell system into HDF Energy’s Renewstable power plant designed for stationary power applications.

Energy 195
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BlueFire Renewables Signs 15-Year Feedstock Supply Contract for Cellulosic Ethanol Facility

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Cellulosic biofuels company BlueFire Renewables, Inc. Coupled with our recently-announced off-take agreement with Tenaska BioFuels, LLC, the key input and output contracts required for financing are now resolved. —Arnold Klann, CEO of BlueFire Renewables, Inc.

Renewable 210
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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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Maersk parterning with 6 companies to source at least 730,000 tpy of green methanol by end of 2025

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European Energy is a global renewable energy company and project developer (wind, solar and Power to X). It develops, builds, and operates renewable electricity projects globally with a pipeline consisting of 20 GW renewable energy capacity. Maersk intends to offtake the full volume produced. European Energy (Denmark).

Green 199