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

Green Car Congress

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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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). As an early priority, CEFC will seek investment in projects included in the ARENA Renewable Hydrogen Deployment Funding Round. The CEFC Advancing Hydrogen Fund will draw on existing CEFC finance.

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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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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. —Dr Fatih Birol, IEA Executive Director.

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

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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. —Dr Birol.

Global 344
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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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The plan also calls for accelerating the permitting for renewable power generation on public lands and upgrading the grid. In terms of investment in innovation for cleaner energy, the plan calls for: Investment in advanced fossil energy projects. A proposal for existing plants is due in 2014, with targeted file rule in 2015.

Obama 249
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Role of Batteries in Clean Energy Transitions – ET Auto

Baua Electric

This project, unveiled by Prime Minister Narendra Modi during a video conference on February 24, 2024, marks a pivotal moment in India’s commitment to renewable energy adoption. The Challenge of Intermittency and the Role of Batteries The transition to renewable energy sources such as solar and wind power is gaining momentum globally.

Clean 52