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In a new report , Deloitte forecasts that the clean hydrogen market will top the value of the liquid natural gas trade by 2030 and grow further to US$1.4 To achieve climate neutrality by 2050, the clean hydrogen market capacity can grow to 170 million tons (MtH 2 eq) in 2030 and to 600 MtH 2 eq in 2050. trillion per year by 2050.
Globalclean energy finance and investment grew significantly in 2010 to $243 billion, a 30% increase from the previous year. China continued to solidify its position as the world’s clean energy powerhouse. billion in clean energy financing last year, improving its global standing to fourth, from eighth in 2009.
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.
trillion is spent annually on transport globally, mostly in ways that exacerbate rather than solve the problems associated with traffic growth, including congestion, health-harming air pollution, accidents, energy insecurity, and climate change. The report, A Paradigm Shift Towards Sustainable Low Carbon Transport , finds that more than $1.5
The California Sustainable Energy Entrepreneur Development (CalSEED) program announced that the fourth cohort of innovative clean energy concepts has been approved by the California Energy Commission (CEC); 28 companies out of 212 were selected to receive grants of $150,000 each. Details of the 28 companies awarded a total of $4.2
New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. The findings suggest that developing nations are moving toward cleaner power but not nearly fast enough to limit global CO 2 emissions. The decline was not confined to China, however.
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 says that the first generation of Clean Earth Magnet will offer a magnetic field strength of approximately 0.9
The COVID-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year—from fossil fuels to renewables and efficiency—the International Energy Agency said in a new report.
completed a financing for C$5 million (US$4.96 This financing provides valuable working capital for future growth, including certain strategic initiatives. we continue to grow and address new opportunities in the clean transportation and stationary energy storage markets. Canada-based Li-ion battery maker Electrovaya Inc.
ExxonMobil has signed an agreement with GlobalClean Energy Holdings to purchase 2.5 As background, globally, in 2019, ExxonMobil sold some 1.9 GlobalClean Energy Holdings’ wholly owned subsidiary, Sustainable Oils, is the leading developer of camelina, a fast-growing, low input, dryland farmed rotation crop.
Saying that “ investment-grade climate change and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climate change.
Government leaders, ministers, international finance, business partners and civil society from across Africa attended the unveiling event. 1 trillion green hydrogen investment can deliver the equivalent of more than one-third of Africa’s current energy consumption, boost GDP, improve clean water supply and empower communities.
million) financing, which brings total equity investment raised by Enerkem in 2013 to C$87 million (US$82.7 cleaning and conditioning of syngas. Through structural investments, it supports the growth of innovative companies with a global competitive edge and the potential to accelerate the transition to a green manufacturing economy.
Globalclean energy investment was $67.8 billion in the third quarter of 2018, down 6% from the same period last year, according to the latest Clean Energy Investment Trends report from research company Bloomberg NEF (BNEF). Public markets investment in clean energy jumped 120% to $3.1 —Colin McKerracher.
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.
Niron will use this financing to advance the commercial partnerships and pilot production of its rare earth-free Clean Earth Magnet, further demonstrating its potential to replace rare earth permanent magnets. Niron’s Clean Earth Magnets are permanent magnets made from iron nitride (FeN) using widely available commodity raw materials.
a clean water company that recovers phosphorus and nitrogen from industrial and municipal wastewaters to create premium fertilizers, completed a US$14.5-million million private equity financing. Ostara Nutrient Recovery Technologies Inc., a fund managed by FourWinds Capital Management.
Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). The 2020 edition of Global Landscape of Renewable Energy Finance highlights however, that while a cumulative US$1.8
In a landmark achievement, global investment in the low-carbon energy transition surged to a record $2.1 continued] The post Global Investment In The Clean Energy Transition Surpassed $2.1 Key Drivers of Growth According to BloombergNEF (BNEF), the significant uptick in investment was.
In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. Enerkem’s platform is a 4-step thermochemical process that consists of feedstock preparation; gasification; cleaning and conditioning of syngas; and catalytic synthesis. Canada-based Enerkem Inc., Earlier post.).
The company now expects to have sufficient funding to complete a feasibility study on the Trelavour Project which the company would use to obtain the necessary debt and equity finance to enable project construction.
Global investment in carbon capture and storage (CCS) tripled to $3 billion, and that in hydrogen was $1.5 Clean power generation and electric transport are seeing heavy inflows, but need to see further increases in spending as costs fall. Passenger EVs were responsible for the bulk of outlays on electrified transport globally.
By financing certified environmental projects, fuel producers do more to improve the environmental impact of the remaining fossil components in R33 fuels. The aim is to further reduce the global greenhouse gas effect and the use of such fuels is a step towards Audi’s goal of carbon neutrality at its production sites by 2025.
Major investments will be needed worldwide in the developing and scaling up of clean energy technologies; sustainable farming and forestry techniques; climate-proofing of infrastructure; and in technologies reducing non-biological degradable waste production, according to the report. portfolio globally while adapting more mature.
Energy Ministers from around the world have agreed to proposals to help speed up the global deployment of carbon capture and storage. At a meeting in the United Arab Emirates, Ministers at the Clean Energy Ministerial endorsed recommendations from the Carbon Capture, Use and Storage (CCUS) Action Group chaired by Australia and the UK.
We combine a best-in-class fuel cell solution with a long history of being a trusted engineering partner to leading companies in the global maritime industry. The partnership with AVL has already resulted in bringing to production the TECO Future Funnel, a complete exhaust gas cleaning system. —Tore Enger, CEO of TECO 2030 ASA.
The most notable new policies include the US “Inflation Reduction Act”, legislation providing more than $369 billion in funding for clean technologies, and the European Union’s REPowerEU plan, which sets ambitious targets to reduce reliance on gas from Russia. Meanwhile, projects face long lead times to finance, develop and commission.
Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Global investment in technologies to help the energy transition reached a record $1.3 trillion in 2022, IRENA said. Closing this 2.7
The A$300 million (US$193 million) Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC). CEFC finance remains central to filling market gaps, whether driven by technology, development or commercial challenges. The CEFC Advancing Hydrogen Fund will draw on existing CEFC finance.
markets all remain in action as effective tools to leverage global climate action and as models to inform. the coordination of adaptation actions on a global scale; and a Technology Mechanism, which are to become fully operational in 2012. access the fund, boosting their efforts to establish their own clean energy futures and adapt to.
and Baker Hughes intend to become cornerstone investors in the formation of the FiveT Hydrogen Fund, a new clean-hydrogen-only private infrastructure fund dedicated to delivering clean hydrogen infrastructure projects at scale. The Fund will exclusively finance projects in the production, storage and distribution of clean hydrogen.
All the details after the jump- In the civilized world, unprecedented efforts are being made globally to deal with climate change – almost all of which is directly traceable to the use of “dirty&# technologies. You can register now at [link]. Early Bird Registration is $195.
Launched at the Rio+20 summit in Brazil, the Global Initiative for Resource-Efficient Cities is intended to work with local and national governments, the private sector and civil society groups to promote energy efficient buildings, efficient water use, sustainable waste management and other activities.
The scale and scope of the targeted development would position the JV as one of the largest battery cell manufacturers in the US, using US-born technology and the sustainable innovation of a premier US-based, global industrial partner in KSP.
Amogy, a developer of energy-dense ammonia power solutions ( earlier post ), and Trafigura , one of the largest physical commodity trading groups in the world, are partnering to study the use of ammonia as a carrier to transport clean hydrogen from point of production to point of consumption.
Australia-based hydrogen fuel cell vehicle company H2X Global recently secured a US$57-million deal with US-based firm, Verde Mobility Inc., Verde, a newly-formed company which invests in clean energy infrastructure, will make an initial US$3.4 to fastrack H2X’s delivery of 800 hydrogen-powered vehicles. million investment into H2X.
Lightsource bp financed, owns and operates Bighorn Solar and sells the electricity it generates to Xcel Energy under a 20-year power purchase agreement. As part of that arrangement, EVRAZ will receive clean, renewable power and price certainty from Xcel Energy through 2041.
Funds from the strategic financing will be used to further accelerate the company’s product development activities, project deployments, and growth plans as the Company expands its technical leadership in medium and heavy-duty hydrogen fuel cell bus and trucking applications. — Ewald, Vice President of Strategy and New Power, Cummins.
Ardian, a leading private investment house, via its infrastructure business, and FiveT Hydrogen, a clean-hydrogen enabling investment platform, are partnering to create Hy24, an equally owned joint venture. billion for its first fund, making the platform the industry’s largest clean hydrogen infrastructure manager.
The European Investment Bank (EIB) will grant financing of up to €300 million (US$426 million) to Valeo for its current research projects aiming to reduce the fuel consumption and CO 2 emissions of cars and improve active safety. billion) under ECTF (European Clean Transport Facility). billion (US$4.8 billion (US$4.8
Solix BioSystems (formerly Solix Biofuels) announced the availability for sale of the Lumian AGS4000, a 4,000 liter integrated Algae Growth System (AGS) that provides an outdoor growth environment for the evaluation of algal species or as a source of clean culture inoculum for larger growth systems. In our AGS in Ft. Collins, Co.,
Operation of the lithium plant and financing will be 100% carried out by POSCO Argentina, a subsidiary of POSCO Holdings. Construction of the brine lithium plant is to be completed in the first half of 2024, with annual production of 25,000 tons of lithium hydroxide. The total investment cost is about US$830 million (about KRW 0.95
MHI) has invested in Electric Hydrogen (EH2), a clean hydrogen startup headquartered in Natick, Massachusetts, to support its efforts in developing cost-competitive, fossil-free hydrogen. The investment was part of a $198-million financing. Mitsubishi Heavy Industries, Ltd.
We will enhance our global competitiveness in lithium and other mineral resources and contribute to the development of domestic industries, including the secondary battery sector, by leading the localization of materials. Earlier post.)
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