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Biomass-to-sugar company Comet Biorefining completes new round of equity financing

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Comet Biorefining, an industry leader in the production of high-purity cellulosic dextrose, has completed a round of equity financing led by new investor PM Equity Partner. Current investor Sofinnova Partners and new investor Bioindustrial Innovation Canada (BIC) also participated in the financing.

Financing 150
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Eos Energy launches $500M Project AMAZE with $398.6M conditional loan guarantee from DOE; long-term zinc-based storage

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Eos Energy, a provider of safe, scalable, efficient, and sustainable zinc-powered long-duration stationary energy storage systems, announced Project AMAZE (American Made Zinc Energy), a $500-million planned expansion and a significant milestone to build 8 GWh of clean energy storage production capacity.

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New York City Council passes bill mandating all city school buses be electric by 2035

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The replacement of school buses is subject to the commercial availability and reliability of all-electric school buses, and the technical and physical availability of related planned infrastructure, including but not limited to charging stations and bus depots for all-electric school buses. 455 on 14 February 2018.

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Report: total investment of $8.1T in nature required over next 3 decades; tripling current investments needed by 2030

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—“State of Finance for Nature”. trillion finance gap between now and 2050, by “building back more sustainably”, by repurposing agricultural and fossil fuel subsidies and by creating economic and regulatory incentives. The report calls for coupling investments in restoration action with financing conservation measures.

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ArcelorMittal, LanzaTech and Primetals to build €87M commercial-scale waste-gas-to-ethanol plant

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Construction will be in two phases, with phase one providing an initial capacity of 16,000 tons of ethanol per annum by mid-2017 and phase two, which will be completed in 2018, bringing the total capacity to 47,000 tons of ethanol per annum. Financing will be sought from a number of different sources. Earlier post.). A total of €10.2

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Panda Power finances conversion of retired coal plant to natural gas; one of largest power conversion projects in US

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Panda Power Funds has financed the 1,124 megawatt Panda “Hummel Station” power plant—one of the largest coal-to-natural gas power conversion projects in the United States. to build the Hummel facility on a turn-key basis. The Term Loan B debt received an initial credit rating of BB- and a “1” recovery rating by Standard & Poor’s.

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Mercedes-Benz will offer electric drive on all commercial van lines; electric eVito now available to order, eSprinter in 2019

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Mercedes-Benz Vans will offer electric drive options on all its commercial van model lines. This will start with the mid-size eVito, with deliveries commencing in the second half of 2018. The exclusive pre-ordering phase for the mid-size van begins today in Germany, with market launch scheduled for the second half of 2018.

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