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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.

Financing 243
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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.

Financing 243
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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.

2020 243
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Amogy and Trafigura to research ammonia cracking technology as a facilitator to global hydrogen supply chains

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Trafigura deploys infrastructure, logistics and financing to connect global producers and consumers of oil and petroleum products, metals and minerals and power and renewables. Our work with Amogy will help us understand the economics of this supply chain, to deliver the most competitive low carbon hydrogen to our customers.

Hydrogen 186
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2020 Keeling Curve Prize application period open; transportation and mobility category

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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.

2020 186
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Volvo Cars successfully places first green bond, raises €500M

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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.

Volvo 514
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Ideanomics’ MEG Group announces delivery of first EV taxi order to Chengdu; Geely to supply 15,000 taxis

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The remaining 11,000 taxis, with an additional sales value of approximately US$130 million (RMB 926 million), are part of an ongoing delivery schedule beginning 1 October 2019 and running through 31 December 2019—up to 12 months ahead of the contracted delivery deadline of December 31, 2020 for this initial order.

Taxi 191