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Omnitek Engineering completes $5M placement; financing to facilitate diesel to natural gas truck engine conversion sales

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Under the terms of the financing, the company will issue shares of common stock at a price of $2.12 and warrants to a group of investors at an exercise price of $3.88, with a five-year term. Merriman Capital, Inc. acted as the sole placement agent in connection with the transaction.

Financing 236
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Report Finds That Urgent Changes in Transport Financing Required to Enable More Sustainable Transportation Globally

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A key change will need to take place in how the costs of transport are internalized, as the wider costs to society arising from road accidents, poor health, social impacts and environmental degradation, often described as the ‘external' costs, are currently excluded from the price that transport users confront.

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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—up 63% on the previous year. The 2Q figure, at $3.9

Financing 243
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Pinto Energy to build 2,800 bpd small-scale GTL plant in Ashtabula; Velocys microchannel technology

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Pinto Energy LLC (Pinto), a developer of smaller scale Gas-to-Liquids (GTL) facilities, will build a 2,800 barrel per day (bpd) GTL plant at Pinto’s 80-acre industrial site to the east of Ashtabula, Ohio. Pinto has chosen Ventech Engineers International LLC (Ventech) as the project’s EPC Contractor. Fuels Gas-to-Liquids (GTL)'

Building 252
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Niron Magnetics raises $21.3M to commercialize rare-earth-free iron-nitride magnets

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million in new financing. Niron will use the funding to build its pilot production facility in Minnesota and accelerate the development of its Clean Earth Magnet technology. Niron Magnetics , a company developing high-performance rare-earth-free iron-nitride (FeN) permanent magnets, has raised $21.3

Minnesota 482
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UN report highlights urgent need to tackle impact of EV battery production boom

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In the DRC, this would mean building processing plants and refineries that would add value and, potentially, jobs within the country. Agência Brasil/José Cruz. Source: UN.

Batteries 545
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IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

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Building sustainable and clean energy systems will be harder, riskier and more expensive without nuclear, according to the new report, Nuclear power and secure energy transitions: From today’s challenges to tomorrow’s clean energy systems. However, a new era for nuclear power is by no means guaranteed.

Russia 458