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BNEF: global investment in low-carbon energy transition hit $755B in 2021; up 27% from 2020; electrified transport grew the fastest

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In 2021, global investment in the low-carbon energy transition totaled $755 billion, up 27% from $595 billion in 2020 and just $264 billion in 2011, according to Energy Transition Investment Trends 2022, a new report published by research firm BloombergNEF (BNEF). degrees of global warming. from the year prior.

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Nucor investing in start-up company Electra developing zero-carbon iron technology

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Nucor Corporation, a North American manufacturer of steel and steel products, has made an equity investment in Electra , a Colorado-based start-up developing a process to produce carbon-free iron that can be used to make steel. —Leon Topalian, Chair, President and Chief Executive Officer of Nucor Corporation.

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DOE awards Group14 Technologies $3.96M as Energy Storage Grand Challenge winner; nano-silicon within an engineered carbon scaffold

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Group14 Technologies, a provider of silicon-carbon composite materials for global lithium-ion markets, announced that it has been selected as a winner of the Department Of Energy’s Energy Storage Grand Challenge and will receive a $3.96-million million award.

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EPRI and GTI launch Low-Carbon Resources Initiative (LCRI) to accelerate low-carbon energy technologies

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The Electric Power Research Institute (EPRI) and Gas Technology Institute (GTI) are embarking on a five-year initiative to accelerate the development and demonstration of low-carbon energy technologies. Inform key stakeholders and the public about technology options and potential pathways to a low-carbon future.

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Occidental Petroleum and Chevron invest in direct air carbon capture and synthetic fuels company Carbon Engineering

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Canada-based Carbon Engineering Ltd. (CE) CE) has received equity investment from two global energy companies: Oxy Low Carbon Ventures, LLC (OLCV), a subsidiary of Occidental Petroleum Corporation; and Chevron Technology Ventures (CTV), the venture capital arm of Chevron Corporation.

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GM secures all energy needed to achieve renewable energy goal for 2025; 25 years ahead of target set in 2016

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General Motors has finalized energy sourcing agreements required to secure 100% of the energy needed to power all its US facilities by 2025. Sourcing renewable energy is a critical component of GM’s plans to decarbonize. This is the main way through which GM is achieving its renewable energy goal.

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Cohort of new stakeholders joins Open Hydrogen Initiative

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In February 2022, GTI Energy, S&P Global Commodity Insights and the National Energy Technology Laboratory (NETL) launched the Open Hydrogen Initiative (OHI), a collaboration to further transparency into the environmental impact of hydrogen production and help unlock its full potential as an important driver of energy transitions.

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