Remove 2016 Remove Cost Of Remove Financing Remove Renewable
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Global Bioenergies and Cristal Union form JV to produce renewable isobutene

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Global Bioenergies, a developer of one-step fermentation processes for the direct and cost-efficient transformation of renewable resources into light olefins, and Cristal Union, the 4 th largest European beet producer, have formed IBN-One, a joint venture to build and operate the first plant in France converting renewable resources into isobutene.

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President’s 2016 Budget requests $29.9B for DOE; 9% boost over FY 2015 enacted; $793M (2.7%) for sustainable transportation

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President Barack Obama’s 2016 Budget requests $29.9 The FY 2016 DOE Budget Request represents a 9% increase ($2.5 billion, the FY 2016 Budget requests $4.8 billion, the FY 2016 Budget Request provides $5.34 billion for the US Department of Energy (DOE). billion) above the FY 2015 enacted level. Within the $10.7

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Volkswagen Group to invest more than €62 billion up to 2016; largest-yet investment package for new models, advanced technologies and production facilities

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The ratio of capital expenditure to sales revenue will be at a competitive level of around 6% on average in the period from 2012 to 2016. Besides investments in property, plant and equipment, the total amount also includes additions to capitalized development costs of €11.6 The Volkswagen Group will invest around €62.4 billion (US$85.4

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Proterra and Mitsui create $200M credit facility to scale Proterra battery leasing program

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Mitsui, a leading Japanese investment and trading company, holds a diversified portfolio of businesses in various sectors, including mobility, infrastructure and renewable energy. Proterra has been a leader in offering flexible financing options to lower upfront costs of an electric bus to be competitively priced against diesel buses.

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DOE to award $118M to 17 projects to accelerate domestic biofuel production

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Financing for novel biorefinery process systems can be a barrier to commercializing advanced biofuels, and this funding will reduce technological uncertainties and enable industry deployment. Captis Aire LLC, “Renewable Blending Components to Enable 100% Sustainable Aviation Fuel (SAF)”, $2,000,000. Comstock Inc.,

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SAE technical experts: fuel cell technology has advanced significantly, FC vehicle production has begun, further cost reductions & infrastructure development required

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Takashi Moriya, Senior Chief Engineer at Honda R&D, re-iterated Honda’s strategic focus on electrification as the main pathway toward reducing greenhouse gases, and shift to renewable sources of energy. Honda also sees the possibility of a “hydrogen-powered society” based on renewable energy and renewable-energy-generated hydrogen.

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DOE releases five-year strategic plan, 2014-2018; supporting “all of the above” energy strategy

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The President’s Climate Action Plan contains a goal of doubling renewable energy generation from wind, solar, and geothermal sources between 2012 and 2020. Leverage increased private sector financing for deployment of “all of the above” energy technologies.

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