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BNEF: EV company fundings bright spot as clean energy investment slips in Q3 quarter; 3 China EV companies raise $1.9B

Green Car Congress

The slip in the July-September quarter leaves clean energy investment for the year so far running a modest 2% below that in the first nine months of 2017—leaving open the possibility that 2018 as a whole will end up matching last year’s total, particularly if a few more multibillion-dollar offshore wind deals are concluded before Christmas.

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BMW investing €400M in new vehicle assembly at Munich plant as part of shift to electromobility; engine production being concentrated at Steyr and Hams Hall

Green Car Congress

The Chinese plant in Dadong also began producing the BMW iX3 this year. The plants will take advantage of the best options at each location—from solar energy in Oxford, Mexico and China, to biogas in South Africa, to wind power in Leipzig. The expansion of electromobility in the production network continues.

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Maersk parterning with 6 companies to source at least 730,000 tpy of green methanol by end of 2025

Green Car Congress

European Energy is a global renewable energy company and project developer (wind, solar and Power to X). Green Technology Bank (GTB) was established in 2016 by the Chinese government with the priority task to fulfill the 2030 Agenda for Sustainable Development. The feedstock for the bio-methanol will be agricultural residues.

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IBM Research launches 10y project to support China in transforming national energy systems; “Green Horizon”

Green Car Congress

China’s economic growth over the past several decades has raised the living standards of hundreds of millions of Chinese citizens and led to China becoming the second largest economy in the world. The system has already been rolled out to 30 wind, solar and hydro power sources. Urban air quality management.

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DOE to award $12.5M to improve efficiency of medium- and heavy-duty trucks as part of new tech track for US-China initiative

Green Car Congress

In parallel, and with equivalent resources, Chinese funding will support a collaborative counterpart Chinese Consortium. Waste heat recovery. Wind/weather and GPS-based cruise control and intelligent routing. Funding available is $12.5 million, and will support the US Consortium. Alternative fuel combustion. Background.

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China Will Attempt First Carbon-Neutral Winter Olympics

Cars That Think

About 160 kilometers northwest of Beijing, the city of Zhangjiakou with its rugged terrain boasts some of the richest wind and solar resources in China. Renewables account for nearly half of the city’s electricity output with less than a third of its full solar and wind potential of 70 gigawatts installed so far.

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Two-way charging is becoming increasingly popular among EV owners

Setec Powerr

As freezing winds blow across his construction site in northern China every morning, Liu Jianhong gathers his workers for hot tea. Liu, whose business in Shaanxi province often operates beyond the reach of power grids, plugs a hairdryer-like charger into his hybrid electric car, a sport utility vehicle from Chinese automaker BYD Co.