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ClearFlame Engine Technologies secures $17M in Series A financing

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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.

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MagREEsource secures €5M in financing; opening first pilot magnet recycling facility in Grenoble

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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.

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BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

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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

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Mercom Capital Group: Battery storage, smart grid & efficiency companies raise $3.2B in funding in Q3 2020; up 165% QoQ, 777% YoY

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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

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Strategy Analytics: following steep 2020 declines, global ride hailing market rebound in sight

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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.

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Cirium: 21 years of airline passenger traffic growth wiped out in 2020

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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

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Mercom Capital: funding for battery storage, smart grid & efficiency companies down 38% YoY in 1H 2020

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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.

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