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ClearFlame Engine Technologies , a startup developing net-zero engine technology ( earlier post ), has secured $17 million in Series A financing, which will enable commercialization of the company’s innovative engine technology for the long-haul trucking, agriculture and power generation sectors.
Roskill expects that rare earth permanent magnet applications represented 29% of total demand in 2020—the largest single end use—consuming a mixture of neodymium (Nd), praseodymium (Pr), dysprosium (Dy), along with other elements used at fillers such as cerium (Ce) and gadolinium (Gd).
In 2021, global investment in the low-carbon energy transition totaled $755 billion, up 27% from $595 billion in 2020 and just $264 billion in 2011, according to Energy Transition Investment Trends 2022, a new report published by research firm BloombergNEF (BNEF).
from 2012 to 2020, with approximately 351,900 units likely to be sold. Currently, inductive charging is offered as an aftermarket solution with attractive financing options. Inductive charging in stationary applications too will be most sought after in the near-term, whereas dynamic or on-the-move charging will gain traction post-2020.
HysetCo will make it easier to roll out hydrogen fuel cell vehicles and their recharging infrastructure within the Île-de-France region in order to reach the objective of 600 taxis by the end of 2020. Toyota will deliver an additional 500 Mirais by the end of 2020, which will complete the existing fleet of 100 Hype vehicles.
Global aviation data firm Cirium released its new Airline Insights Review 2020 which reveals the deep impact on aviation of worldwide travel restrictions to curb COVID-19. In comparison to last year, passenger traffic is estimated to be down 67% in 2020. This marks an extraordinary 86% reduction in flights. million flights to just 16.8
With the battery price not included in the vehicle sales price, nor in the finance payments, the costs are significantly lower to switch to an EV. This is further enhanced with the 2020 policy of national NEV subsidies that favor battery-swapping technology. NIO’s 84 kWh battery for the ES6.
billion to decarbonization in 2020, beating the previous year by 9% despite the economic disruption caused by the Covid-19 pandemic. billion in new renewable energy capacity in 2020, up 2% on the year, helped by the biggest-ever build-out of solar projects and a $50-billion surge for offshore wind. billion in 2020.
These new buses will provide ATN a 57 percent zero-emission fleet by 2020. We’ve been operating four of BYD’s 40-foot K9Ms on our routes over the past two years, and based on their performance, we are confident in BYD’s quality product and their support of our efforts to electrify our fleet. —ATN Executive Director Diana Kotler.
The proceeds of the bond will be used to fund the design, development and manufacturing of fully electric cars in line with the company’s recently established Green Finance Framework. The settlement date is expected to be 7 October 2020 and the bonds will be listed on the Luxembourg Stock Exchange.
Although 2020 was tough for ride-hailing operators everywhere, with a decline of 18% in worldwide total revenue (gross bookings) across the sector, Strategy Analytics’ global-ride hailing report and forecast comes on the heels of Uber’s recent announcement that March 2021 was the company’s best month in terms of total gross company-wide bookings.
MagREEsource, a 2020 spin-off of the CNRS-Institut Néel that is commercializing processes for recycling rare-earth magnets and then remanufacturing new magnets from the recycled powders, has secured €5 million in financing and has opened its first pilot facility in Grenoble, with a capacity of 50 tons by 2023.
Mercom Capital Group, LLC, a global clean energy communications and consulting firm, released its report on funding and mergers and acquisitions (M&A) activity for the global Battery Storage, Smart Grid, and Energy Efficiency sectors for the third quarter (Q3) and first nine months (9M) of 2020. Corporate funding in Q3 2020 came to $2.8
Wind project financing was up 16% from 1H 2021, at $84 billion. Both sectors have been challenged recently by rising input costs for key materials such as steel and polysilicon, as well as supply chain disruptions and rising financing costs. billion raised, is the lowest quarterly total since 2Q 2020. The 2Q figure, at $3.9
Electric-car battery-pack prices have fallen 13% in 2020, in some cases reaching a crucial milestone for affordability, according to an annual report released Wednesday by Bloomberg New Energy Finance (BNEF).
Electric-car sales will decrease in 2020 due to the global coronavirus pandemic, but not as much as sales of internal-combustion vehicles. That's among the top-level predictions from an annual Bloomberg New Energy Finance report released Wednesday.
The central government’s plan, posted on its website, is targeting the production of 500,000 plug-in hybrid and electric vehicles by 2015, with output to grow to 2 million units of those types by 2020. By 2020, average passenger car fuel consumption is to drop to 5.0 L/100km (40 mpg US) or less. L/100km (52.3 mpg US) or less.
The Premier of Québec, Jean Charest; the Minister of Sustainable Development, Environment and Parks, Pierre Arcand; and the Minister of Transport Pierre Moreau unveiled the Canadian province’s 2013-2020 Action Plan on Climate Change (PACC 2020). megatonnes deemed necessary to achieve the target reduction of GHG emissions by 2020.
million Series A financing round led by prominent Silicon Valley venture fund, Playground Global, with the investor syndicate comprising Fortescue Future Industries, Coatue, Global Founders Capital, Plug Power, Airbus Ventures, JetBlue Technology Ventures, Toyota AI Ventures, Sojitz Corporation, and Future Shape.
EnergyX) has secured commitments of $20 million in financing. In 2020, EnergyX announced a pilot partnership with Orocobre Limited ( earlier post ) to deliver high-quality and comprehensive solutions that will lead to a cleaner, more efficient lithium extraction. EnergyX and Orocobre plan to deploy their pilots in the near future.
Mercom Capital Group, LLC, a global clean energy communications and consulting firm, released its report on funding and mergers and acquisitions (M&A) activity for the global Battery Storage, Smart Grid, and Energy Efficiency sectors for the second quarter (Q2) and first half (1H) of 2020. billion compared to $2.4 billion raised in 1H 2019.
ABB initially acquired a 10% stake through its investment in the Series A venture capital funding round in 2020 and has now increased its interest to approximately 60% of InCharge Energy’s issued share capital. Its innovative service models offer subscription solutions such as software-as-a-service and fully financed charging-as-a-service.
The battery system will be commissioned in summer 2020 at the Rocklunda charging station and will be Mälarenergi’s first to be co-located alongside EV charging infrastructure. The Rocklunda project is supported by financing from the Swedish Energy Agency (Energimyndigheten). —Emad Zand, President Energy Solutions, Northvolt.
Inventory financing will be provided by Hitachi Capital America as part of Workhorse’s previously announced strategic partnership with HCA. Separately, Workhorse management announced that it would not meet its earlier projected target of 300-400 vehicles to be produced by the end of 2020. Workhorse Group Inc.
The application period has opened for the 2020 Keeling Curve Prize, which awards $25,000 to each of 10 projects designed to reduce greenhouse gas emissions or increase their uptake. The 2020 Keeling Curve Prize application period closes on Feb. Each year, this prestigious competition attracts entries from around the world.
The report finds that annual investments in nature-based solutions (NbS) will have to triple by 2030 and increase four-fold by 2050 from the current investments of $133 billion (using 2020 as base year). —“State of Finance for Nature”. A total investment of $8.1 Nature currently only accounts for 2.5%
million in new financing. Jian-Ping Wang (2020) “Environment-friendly bulk Fe 16 N 2 permanent magnet: Review and prospective,” Journal of Magnetism and Magnetic Materials, doi: 10.1016/j.jmmm.2019.165962. Niron Magnetics , a company developing high-performance rare-earth-free iron-nitride (FeN) permanent magnets, has raised $21.3
The 2020 edition of Global Landscape of Renewable Energy Finance highlights however, that while a cumulative US$1.8 Global landscape of renewable energy finance in 2017-2018. From Global Landscape of Renewable Energy Finance. C objective by mid-century. trillion up to 2030.
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 decline in global real GDP in 2020. million units, in the wake of the COVID-19 pandemic. China slowly gaining momentum after shutdown.
The financing was led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor Company and funds and accounts advised by T. In July 2020, Rivian announced a $2.5-billion The financing was led by funds and accounts advised by T. EV developer Rivian has closed a $2.5-billion billion private funding round.
FUREC receives funding from the EU Innovation Fund, which is 100% financed by the EU Emissions Trading System (ETS). The Fund is expected to provide around €38 billion of support for the commercial demonstration of innovative low-carbon technologies over the period 2020-2030.
The Joint Declaration also features Commission actions to put in place a supportive regulatory framework, facilitate access to finance and promote efficient supply chains. —Commissioner for Internal Market, Thierry Breton.
In the IEA’s global pathway to reach Net Zero Emissions by 2050, nuclear power doubles between 2020 and 2050, with construction of new plants needed in all countries that are open to the technology. Government financing will remain necessary to mobilise new investment, not just for plants but also to develop the latest technologies.
The three companies signed an MOU on 23 December 2020, outlining a trilateral partnership to be incorporated as a Special Purpose Vehicle Company (SPV). VEGA will arrange project financing, contribute fleet operations expertise, and conduct field testing of the marine battery prototype.
Global average battery prices fell 6% between 2020 and 2021, but they might be on the rise going forward, according to Bloomberg New Energy Finance's (BNEF) annual battery price survey.
Energy investment is set to fall by one-fifth in 2020 due to the COVID-19 pandemic. At the start of 2020, global energy investment was on track for growth of around 2%, which would have been the largest annual rise in spending in six years. Global investment in oil and gas is expected to fall by almost one-third in 2020.
interest, and will retain operational management responsibility; its partner Tsingshan is financing the plant construction in exchange for 49.9% For this project with high value creation potential, our partner Tsingshan will provide its industrial expertise and financing capabilities needed for the construction of the plant.
The European Investment Bank (EIB) has signed a €125-million loan with Umicore, the Belgian-based global materials technology and recycling group, to finance part of the greenfield production facility for cathode materials in Poland. The EIB recently reaffirmed its commitment to financing projects across the entire value chain.
According to GlobalData, more than 160GW of fresh nuclear capacity will be added globally between 2020-2030 out of which about 66% of this capacity addition is anticipated to take place in China, India and Russia. These pipeline projects are either in the permitting phase, financing phase or are under construction.
Outside of China, the 300,000 b/d Malaysian Pengerang refinery (also known as the RAPID refinery) restarted in May 2022 after a fire forced the refinery to shut down in March 2020. In India, the Visakha Refinery is undergoing a major expansion, scheduled to add 135,000 b/d by 2023.
In September 2020, oneworld became the first global airline alliance to announce a target of carbon neutrality by 2050, establishing its commitment to long-term sustainability for the industry. The alliance followed up that commitment with an intermediate goal to achieve 10% SAF use across the member airlines by 2030.
Finance charges or finance incentives are excluded. Department of Commerce, Bureau of Economic Analysis, Underlying Detail, Motor Vehicle Output, 2020. Sources: Cars – U.S.
Pony.ai, a global autonomous driving technology company, has completed its first close of its Series D financing. From 2020 to the end of 2021, our key safety metrics increased tremendously, such that in most circumstances Pony.ai’s virtual driver is now equal to or superior to a human driver. —Tiancheng Lou, Pony.ai
million b/d since the start of 2020, contributing 184,000 b/d to the global decline in 2021. Global demand for refined products dropped substantially in 2020 as a result of the COVID-19 pandemic. In the United States, refining capacity has decreased by about 1.1
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