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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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Global investment in renewable energy totaled $226 billion in the first half of 2022, setting a new record for the first six months of a year, according to Renewable Energy Investment Tracker 2H 2022, a new report published by research firm BloombergNEF (BNEF). Wind project financing was up 16% from 1H 2021, at $84 billion.

Financing 243
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Wind-to-Hydrogen Tech Goes to Sea

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Wind and solar parks produce a large portion of their energy. Then, as now, wind farms are operating off the world’s coasts—but not all of these offshore sites are connected to the mainland via underwater power cables. Some of the wind farms instead sit in clusters more than 100 kilometers out at sea.

Wind 88
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SGH2 building largest green hydrogen production facility in California; gasification of waste into H2

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The technology has been vetted and validated, technically and financially, by leading global institutions including the US Export-Import Bank, Barclays and Deutsche Bank, and Shell New Energies’ gasification experts. Waste is a global problem, clogging waterways, contaminating oceans, packing landfills and polluting skies.

Waste 448
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BNEF ups forecast for global investment in stationary energy storage, sees majority of capacity likely to be grid-scale

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Global cumulative energy storage installations. The report goes on to model the impact of this on a global electricity system increasingly penetrated by low-cost wind and solar. In the near term, renewables-plus-storage, especially solar-plus-storage, has become a major driver for battery build. Source: BloombergNEF.

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EU investing €1.8B in 17 large-scale clean tech projects

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The selected projects are located in Bulgaria, Finland, France, Germany, Iceland, the Netherlands, Norway, Poland and Sweden. emissions coming from exhaust gases produced during lime production and store them permanently in offshore geological formations in France. A third project will capture the CO?

Clean 334
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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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As the world contends with a global energy crisis, nuclear power has the potential to play a significant role in helping countries to securely transition to energy systems dominated by renewables, according to a new special report by the IEA. —IEA Executive Director Fatih Birol.

Russia 458
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Plug Power and Lhyfe partner to develop green hydrogen plants throughout Europe; 300MW by 2025

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The agreement builds upon the working relationship already established between the two companies earlier this year. Plug Power is the largest buyer of liquid hydrogen globally and has been present in Europe for more than 10 years. Earlier post.). The new initiative will primarily serve on-road and off-road mobility applications.

Hydrogen 199