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Nuclear Fusion’s New Idea: An Off-the-Shelf Stellarator

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The team’s use of permanent magnets may not be the ticket to producing commercial-scale energy, but PPPL’s accelerated design-build-test strategy could crank out new insights on plasma behavior that could push the field forward more rapidly. The Muse project was financed by internal R&D funds and used mostly off-the-shelf components.

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Workhorse Group secures $35M in financing from Marathon Asset Management; $1.3M battery purchase by Duke Energy

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a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. Going forward, our primary goal for both current and future capital initiatives is to leverage the best available financing solutions that will provide liquidity and favorable economics.

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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. thousand terawatt-hours in 2018, up from 6.4 Investment in new wind, solar, and other non-large hydro renewables projects in the country fell to $86 billion in 2018 from $122 billion in 2017.

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Hyundai Motor to establish hydrogen refueling station for fuel cell electric buses at Incheon Airport with partners, provide buses

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—Seong Kwon Han, President and Head of Commercial Vehicles Division at Hyundai Motor Company. The partnership is part of Korea’s Ministry of Environment’s project to install hydrogen refueling stations and subsidize privately financed infrastructure projects. In September 2019, Hyundai and Cummins Inc. Earlier post.).

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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. The 829 megawatt “Liberty” power plant, located in Towanda, Pennsylvania, is expected to enter commercial operations in the first quarter of 2016.

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XL to launch plug-in hybrid electric Ford F-250 pickup at NTEA Work Truck Show

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XL, a provider of connected vehicle electrification solutions for commercial, utility and municipal fleets, will unveil a plug-in hybrid electric version of the popular Ford F-250 pickup truck at the NTEA Work Truck show, 5-8 March in Indianapolis. Earlier post.).

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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.