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NYSERDA offering up to $21.6 million to support installation and operation of stationary fuel cell systems

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million through 2015 for incentives toward the cost of stationary fuel cell installation, plus payments over the first three years of operation based on power produced. The program is funded under the state’s Renewable Portfolio Standard (RPS). The program is funded under the state’s Renewable Portfolio Standard (RPS).

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Hyundai Motor expands partnership with US Government to support further exploration of hydrogen fuel cell technologies

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In addition to supporting the US Federal Government’s advancement of fuel cell technologies, Hyundai will contribute funding to install a small-scale hydrogen fueling station in the Washington, DC area this fall, previously developed through the Department of Energy’s H-Prize H2Refuel competition.

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Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

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Global investment in renewable power and fuels (excluding large hydro-electric projects) was $270.2 This marked the first annual increase in dollar commitments to renewables—excluding large hydro—for three years, and brought the total up to just 3% below the all-time record of $278.8 billion set in 2011. billion.

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Alstom and SSE Renewables create joint venture to co-develop world’s largest wave farm off the coast of Orkney, Scotland

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Alstom and the leading Scottish marine developer SSE Renewables have signed a new joint venture agreement to develop the Costa Head Wave Project, an up to 200 MW wave energy site located north of mainland Orkney, in The Crown Estate’s Pentland Firth and Orkney Waters Strategic Area. Earlier post.).

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Invenergy and Xtreme Power launch JV for 1.5 MW grid energy storage system

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Invenergy LLC, a Chicago-based renewable energy generation company, and Xtreme Power, a provider of real-time power management and energy storage solutions, launched a joint venture to deploy a fast-acting energy storage system in Illinois.

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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

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We see $548 billion being invested in battery capacity by 2050, two thirds of that at the grid level and one third installed behind-the-meter by households and businesses. The result will be renewables eating up more and more of the existing market for coal, gas and nuclear. Production rose by 56 mtoe in China and 23 mtoe in the US.

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Alstom acquires a 40% equity share in AWS Ocean Energy

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Alstom has taken a 40% equity share in Scottish renewable energy company AWS Ocean Energy , representing Alstom’s entry to the wave energy market. Created in 2004, AWS Ocean Energy is currently focusing on the development and delivery of its AWS-III wave energy converter, a floating device with a rated power output of 2.5MW.

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