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IRENA report says tripling renewables investment required to reach 2050 climate goal

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Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). Renewable energy investment slightly declined in 2018, with modest growth through 2019.

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Volvo Cars? Chengdu car plant powered by 100% renewable electricity; 65% hydropower

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The Volvo Cars manufacturing plant in Chengdu, the company’s largest in China, is now powered by 100% renewable electricity, taking the company’s global renewable electricity mix in its manufacturing network to 80%. By 2040, Volvo Cars aims to be a climate-neutral company. The new contract addresses the last 30%.

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3 Oil Majors That Bet Big On Renewables

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Despite the much-vaunted megatrend involving the global electrification drive and shift to renewable energy , the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects.

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SMUD Board of Directors adopts climate emergency declaration; carbon neutrality by 2030

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The SMUD (2020 Sacramento Municipal Utility District) Board of Directors adopted a climate emergency declaration that commits to working toward an ambitious goal of delivering carbon-neutral electricity by 2030.

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Audi of America and Arcadia offer renewable energy subscription with e-tron or e-tron Sportback lease or purchase

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Arcadia’s technology matches home energy consumption with renewable energy sources from a variety of US wind and solar projects using renewable energy certificates, all without any installation or disruptions to their utility service. The company has set itself the goal of reducing vehicle-specific CO 2 emissions by 30% by 2025.

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Neste celebrates opening of €1.6B Singapore expansion; SAF supply chain to Changi Airport

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Neste announced its final investment decision on additional renewable products production capacity in Singapore in December 2018. billion Singapore Expansion project has been successfully completed, the start-up of the refinery expansion has been completed after mid-April, and Neste celebrated its opening today.

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Optimus Technologies closes $17.8M Series A to advance Vector System for heavy-duty engines on 100% biodiesel

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The round included participation from one of North America’s largest commercial fleets, Chevron Renewable Energy Group, and Pittsburgh regional investors including: Idea Foundry, Inc., The bolt-on technology installs in as few as 12 hours. ​ Optimus Technologies recently announced a $17.8-million out of Tokyo, Japan.

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