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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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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.

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BYD and AMPLY launch preferred partnership for EV charging infrastructure and energy services for commercial fleets

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With the high costs and operational complexities surrounding electric vehicle (EV) deployments within commercial fleets, EV manufacturer BYD announced a preferred partnership with charging infrastructure provider AMPLY Power. The company assumes the full financial responsibility of utility account and provides the fleet with flat usage rates.

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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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In 2018, Eos brought its production and supply chain back to the United States from China, and the expanded facility would further build on Eos’ investment in American manufacturing with the increased production of its zinc-based energy storage systems.

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Lightning eMotors partners with ABB to provide DC fast chargers

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Lightning eMotors, a provider of specialty commercial electric vehicles for fleets, and ABB announced a partnership to offer DC fast electric vehicle chargers for commercial electric fleet vehicles. Lightning Energy supplies charging solutions to commercial and government fleets.

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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.

Financing 296
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IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

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IHS Markit is forecasting that global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 will be down 22% (more than 650,000 units) to 2.6 Most commercial vehicle factories in mainland China have returned to production. The local industry is already recovering, with commercial vehicle plants re-opened.

2020 191