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GM secures all energy needed to achieve renewable energy goal for 2025; 25 years ahead of target set in 2016

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This is in line with the accelerated target announced in September 2021, which was 5 years ahead of the 2030 target announced in early 2021 and 25 years ahead of the initial target of 2050, set in 2016. Sourcing renewable energy is a critical component of GM’s plans to decarbonize.

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Rio Tinto launches START: the first sustainability label for aluminum using blockchain technology

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START will help customers meet the demand from consumers for transparency on where and how the products they purchase are made. Our vision is that our customers can showcase the sustainability of the aluminum they purchase from Rio Tinto to their consumers, delivering full value from our responsible production.

Purchase 365
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Ports of Auckland buys world’s first electric tug; 70-tonne bollard pull

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Ports of Auckland (New Zealand) has signed a contract with Dutch company Damen Shipyards to buy the world’s first full-size, fully electric port tug. The purchase price of this tug is significant, at roughly double that of a diesel tug, and that is an important consideration for a business that needs to make a profit.

Buy 262
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BP acquiring upstream portion of Clean Energy’s renewable gas business for $155M

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BP will acquire the upstream portion of Clean Energy’s renewable natural gas business and sign a long-term supply contract with Clean Energy to support the firm’s continuing downstream renewable natural gas business. Renewable natural gas (RNG) fuel—biomethane—is produced entirely from organic waste.

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USDOT awarding $55M to support purchase of Low-No buses; electric buses and infrastructure

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Eligible projects included those that replace, rehabilitate, lease, and purchase buses and related equipment as well as projects to purchase, rehabilitate, construct or lease bus-related facilities, such as buildings for bus storage and maintenance. million for hydrogen fuel cell buses. City of Fairfield. Redding Area Bus Authority.

Purchase 191
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Infineon buys Wolfspeed Power for $850M cash; power semiconductors for electromobility

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The purchase price for this planned all-cash transaction is US$850 million (~€740 million). Major areas where the applications will profit from SiC are renewables and especially automotive. The business to be acquired by Infineon has generated pro-forma revenues of US$173 million in the twelve months ending 27 March 2016.

Powered 150
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S. Korea Plans New Subsidies for Renewable Power Generation, Residential Fuel Cells

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The South Korean government outlined a plan that includes increased subsidies for renewable power generation and for the purchase and use of residential hydrogen fuel cells for heating and power. The government will pay 80 percent of the cost of purchasing and installing a fuel cell in one’s home until 2012. JoongAng Daily.

Renewable 199