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IG Metall warns that Krupp Mannesmann steel plant may fail due to lack of financing for conversion to climate-neutral steel production

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IG Metall, Germany’s largest union as well as Europe’s largest industrial union, warns that at Hüttenwerke Krupp Mannesmann (HKM), the switch to climate-neutral steel production is may fail due to the lack of financing. HKM aims to reduce CO 2 emissions by 30% by the year 2025, and then be as climate neutral as possible by 2045.

Financing 221
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Porsche strengthens commitment to industrial production of eFuels with $75M investment in HIF Global

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With its investment in HIF Global LLC, Porsche is participating in an international financing round alongside the Chilean company Andes Mining & Energy (AME) and the American companies EIG, Baker Hughes Company and Gemstone Investments. Porsche has been researching the use of renewable fuels for some time.

Porsche 243
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Anaergia to supply RNG to FuelCell Energy to create renewable hydrogen supporting Toyota’s port facility

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announced that its subsidiary SoCal Biomethane will supply renewable natural gas (RNG) as facilitated by renewable fuels marketer Anew Climate to FuelCell Energy’s Tri-gen system to produce carbon-negative hydrogen and electricity for Toyota Motor North America, Inc.’s Anaergia Inc. The fuel cells will also produce a net 2.3

Renewable 199
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Renewables to overtake coal as largest global electricity source in 2025

Teslarati

During the COP28 climate conference held in Dubai last month, world leaders from over 130 national governments agreed to set a goal to triple world renewable energy installations by 2030. Success in meeting the tripling goal will hinge on this.”

Coal 102
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European electrolyzer manufacturers commit to boosting capacity tenfold by 2025

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The Commissioner and 20 industry CEOs signed a Joint Declaration whereby industry committed to a tenfold increase of its electrolyzer manufacturing capacities to reach 17.5 GW by 2025 and to increase capacity further by 2030 in line with projected demand for renewable hydrogen. Background.

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BNDES approves $92.5M lines of credit to support Eve’s eVTOL development program

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The financing is subject to the negotiation and execution of definitive agreements between Eve and BNDES in connection with such credit lines, as well as the satisfaction of certain conditions to be set forth in such definitive agreements.

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Park City Transit deploying six Proterra electric buses; battery-lease financing model

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Selected to serve the region’s renowned ski resort community, the Proterra fleet supports Park City’s and Summit County’s transition toward renewable energy and the reduction of its overall carbon footprint. buy the bus, lease the battery.

Financing 186