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LSE report calls for global investment of an additional $3T each year to drive economic recovery and transformation

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The report indicates that “ the G7 will need to assist emerging market and developing countries in tackling their greater debt and finance constraints that have resulted from the pandemic, and embark on programmes of green recovery and transformation ”. The report says that $1.5-1.7

Global 170
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Volvo Buses in project researching use of second-life electric bus batteries to store solar energy

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Batteries from electric bus route 55 in Gothenburg, Sweden are being used for solar energy storage in a second-life application. The reuse and recycling of batteries is a key issue as increasing numbers of cities plan transition to electrically powered transport. IRIS is a Light House project, financed by EU HORIZON 2020.

Store 273
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40 Tesla Megapacks replace WW2 turbojet generator in Belgium

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Michael Coudyser, General Manager of Corsica Sole, which is the developer, said that the project was financed with its shareholder, Mirova Energy Transition 5, without any public subsidy. “A A pioneer in energy storage in France, Corsica Sole has been operating this type of plant in the French islands since 2015.

Belgium 114
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Liquid metal battery company Ambri raises $35M in Series C

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Ambri, developer of Liquid Metal Battery grid-scale energy storage technology, closed a $35-million Series C equity financing. This latest funding round will enable Ambri to deliver commercial systems to customers, build its initial commercial-scale manufacturing plant, and continue technology development. Earlier post.)

Companies 210
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Liquid Metal Battery Corp secures patent rights from MIT

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Liquid Metal Battery Corporation (LMBC), a Cambridge, Massachusetts company founded in 2010 to develop new forms of electric storage batteries that work in large, grid-scale applications, has secured the rights to key patent technology from MIT. —Philippe Boisseau, President Total Gas & Power.

MIT 210
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MIT researchers conclude fundamental changes in the US energy-innovation system are needed to meet challenges of climate change and energy supply

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The build-up of greenhouse bases in the atmosphere continues unabated, and its environmental and human costs are mounting. What is needed now is a different focus for the debate, one with the potential to build public support over time. Business as usual is unsustainable over the long run. Innovation should become that focus.

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Siemens presents three-point plan for implementing cost-efficient energy transition in Germany

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For example, the investor offering the lowest feed-in tariff would be awarded the contract to build a new wind farm. Buildings with energy-efficient technology could, for example, generate savings of up to 40%, while efficient electric drives in industry could reduce consumption by up to 70%. One possibility here is auctions.

Germany 239