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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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While the number of new clean power-generating plants completed stayed flat year-to-year, the volume of power derived from coal surged to a new high, according to Climatescope , an annual survey of 104 emerging markets conducted by research firm BloombergNEF (BNEF). thousand terawatt-hours in 2018, up from 6.4 thousand in 2017.

Coal 243
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US Fuels acquires coal-to-diesel IP for scalable plants near mine sites

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Startup US Fuel Corporation (USF), which plans to design, build, own and operate scalable facilities near coal mine sites to convert coal into synthetic fuels, will acquire coal-to-diesel intellectual property (IP) that USF co-developed with an executive team consisting of Paul Adams and Steve Luck. Andrew Halarewicz, Sr.

Coal 225
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NRG invests additional $35M in FuelCell Energy for 6% of company; establishes $40M financing facility

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We believe that clean distributed power generation from fuel cells will be one of the key technologies that drive our country toward a cleaner energy future. FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. per share.

Financing 244
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Australian Government establishes A$300M fund to support hydrogen projects

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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.

Hydrogen 286
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Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy

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In terms of investment in innovation for cleaner energy, the plan calls for: Investment in advanced fossil energy projects. In addition, the President has directed his Administration to purchase cleaner alternatives to HFCs whenever feasible and transition over time to equipment that uses safer and more sustainable alternatives.

Obama 249
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IEA: global energy investment stabilized above $1.8T in 2018; security and sustainability concerns growing

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Global energy investment stabilized in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables, according to the International Energy Agency’s latest annual review. Whichever way you look, we are storing up risks for the future.

2018 191
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IEA: COVID-19 crisis causing the biggest fall in global energy investment in history

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This could be particularly detrimental to the outlook in some developing countries, where financing options and the range of investors can be more limited. The COVID-19 crisis is hurting the coal industry—with investment in coal supply set to fall by one-quarter this year—but does not pose an existential threat.

Global 344