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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.
an emerging natural gas production company which uses proprietary technology to convert both underground and mined low-rank coal to pipeline-quality methane biochemically at large scale and low cost, has raised equity in its second round of financing, led by new investor Khosla Ventures. Ciris Energy, Inc.,
The contract is one of the first major commercial agreements in the US for the sale of liquid transport fuels made from coal. The Medicine Bow project will use Carbon Basin coal optioned from DKRW partner (and coal mine operator) Arch Coal to produce refined hydrocarbon liquid products. Medicine Bow, Wyoming.
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.
.: MEK, Butadiene) from industrial waste gases, has signed a memorandum of understanding with one of the largest coal producers in China, Henan Coal and Chemical Industrial Corporation, to build a demonstration plant to produce ethanol and chemicals via LanzaTech’s fermentation process using syngas resulting from the gasification of coal.
FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. The company’s project finance subsidiaries may draw on the facility to finance the construction of projects through the commercial operating date (COD) of the power plants.
Panda Power Funds has financed the 1,124 megawatt Panda “Hummel Station” power plant—one of the largest coal-to-natural gas power conversion projects in the United States. The plant will be located at the site of the retired Sunbury coal-fired power plant near Shamokin Dam in Snyder County, Pennsylvania.
Overview of the Bluegas catalytic coal methanation process. billion from Wanxiang to finance and construct the first phase of a coal-to-natural gas facility that ultimately will have an annual production capacity of one trillion cubic feet (1 Tcf) (30 billion cubic meters) per year. Click to enlarge. pure methane).
million grant from the Commonwealth of Pennsylvania to move forward on the construction of a facility to demonstrate its integrated coal-biomass-to-liquids (CBTL) technology platform ( earlier post ) at Intertek PARC, located at the U-PARC facility in Pittsburgh. Accelergy Corporation has received a $1.3-million Earlier post.)
Second, the US Department of Agriculture proposed a rule on the Biomass Crop Assistance Program (BCAP) that would provide financing to increase the conversion of biomass to bioenergy. It’s been said that the United States is the Saudi Arabia of coal—and that’s because, as I said, it’s one of our most abundant energy resources.
has been chosen to provide the coal gasification technology for the Taylorville Energy Center (TEC), a 730-megawatt (gross) advanced coal generating plant being developed near Taylorville, Ill. TEC will be one of the first commercial-scale, coal gasification plants with carbon capture and storage (CCS) capability in the US. .
Ceres recently released a new report concluding that coal-to-liquid (CTL) and oil shale technologies face significant environmental and financial obstacles—from water constraints, to technological uncertainties to regulatory and market risks—that pose substantial financial risks for investors involved in such projects.
The A$300 million (US$193 million) Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC). The ARENA round is a $70-million grant program aiming to demonstrate the technical and commercial viability of hydrogen production at a large-scale using electrolysis.
Panda Power Funds has entered into a joint venture with Sunbury Generation LP to develop, finance, construct and operate a 1,000 megawatt natural gas-fueled, combined-cycle power project near Shamokin Dam in Snyder County, Pennsylvania. Construction will take approximately 30 months and will commence upon financing and other conditions.
The TCEP would integrate coal gasification, combined-cycle power generation, CO 2 capture, and. We now have sales commitments in place for all three of TCEP’s main commercial products—electric power, urea for fertilizer, and CO 2 for enhanced oil recovery—and that is obviously key to getting this project underway.
Financing was announced for projects in Costa Rica, Dominica, Djibouti, Ethiopia, Indonesia, Japan, Kenya, Mexico, Tanzania, and the United States, while projects in drilling and start-of-construction phases made headway in Chile, Germany, Guatemala, Italy, Japan, Montserrat, The Philippines, Rwanda, and Zambia.
reliability during 11,000 hours of commercial operation. Replacing older coal-fired power plants with the enhanced JAC can reduce CO 2 emissions nearly 70%. Following technical selection, a developer will proceed with securing financing, permitting and more. reliability. reliability.
Projects deploying these technologies are typically unable to obtain commercialfinancing due to high technology risks. Low-carbon power systems: coal or natural gas oxycombustion; chemical looping processes; hydrogen turbines; synthesis gas, natural gas, or hydrogen based fuel cells.
The past decade was the first in two centuries with increasing CO2 emissions intensities, owing to a “coal revival”, in contrast with the rapid conversion to natural gas in the 1990s. Last year’s survey called for a major overhaul of the machinery for international finance, aid and trade. The report comes out yearly.
Authorized by Title XVII of the Energy Policy Act of 2005, loan guarantees under this new solicitation will help provide critical financing to support new or significantly improved advanced fossil energy projects. —Energy Secretary Moniz. DOE published a draft solicitation on 9 July 2013, which opened a 60-day comment period.
There are two main thrusts to its current research efforts: a near-term focus on early commercialization opportunities for producing ethanol and a longer-term focus on direct conversion of biomass to hydrocarbons. Catchlight’s initial focus is developing and demonstrating novel technologies for converting cellulose and lignin into biofuels.
However, LanzaTech’s process uses nonfood, low-value gas feed stocks, including industrial waste gases such as those produced by steel mills, oil refineries, coal manufacturing, syngas from landfill-waste and reformed natural gas. Commercial viability of novel routes requires the integration of diverse approaches. Earlier post.).
The Department of Agriculture’s Rural Utilities Service will finalize a proposed update to its Energy Efficiency and Conservation Loan Program to provide up to $250 million for rural utilities to finance efficiency investments by businesses and homeowners across rural America. Expanding the Better Buildings Challenge. Energy Efficiency.
billion from the American Recovery and Reinvestment Act to expand and accelerate the commercial deployment of carbon capture and storage (CCS) and reuse technology. The Department is posting Notices of Intent to issue this funding, supporting the following initiatives: Clean Coal Power Initiative. Industrial Carbon Capture and Storage.
Greenhouse gas emissions will certainly grow too, because India’s energy generation is dominated by fossil fuels—coal-fired power plants for electricity, coal- and gas-fired furnaces for industrial heating, liquid petroleum gas for cooking, and gasoline and diesel for transportation. costs less than fossil-fuel-based electricity.
Cities in the greater BTH region have consistently been reported to have the highest concentration of particulate matter and other air pollutants, following decades of emissions from pollution-intensive industries in the area, as well as the region’s heavy reliance on coal for energy generation. The second ADB loan worth €458 million ($499.6
Results of the study will also assist CHOREN in determining the location of its first commercial-scale BTL facility in the United States. —Anna Rath, Ceres vice president of commercial development. —Christopher Peters, vice president of finance at CHOREN USA. Earlier post.). Depending on cropping practices, 1.2
Ramps up energy efficiency in building codes by 10 to 15% for residential and by 15 to 25% for commercial structures and creates a new “reach code” system to highlight best practices for builders and developers. The blending is required by the end of August of this year. Senate Bill 79. House Bill 2626.
The report, Projected Costs of Generating Electricity: 2015 Edition , also shows that new nuclear power plants generate electricity more cheaply than other established “baseload” sources—mainly coal- and gas-fired power plants—over the full lifetime of facilities when financing costs are relatively low.
A newly released report financed by the World Bank and prepared by consultancy PRTM analyzes China’s New Energy Vehicles Program, as well as the Ten Cities, Thousand Vehicles Program, in the context of these megatrends and concludes that the overall value chain shift could favor China from both a technological and supply chain perspective.
The new reality is a much more challenging future in terms of planning, financing and predictability. Examining the role of shale gas, PwC’s report suggests that at current rates of consumption, replacing 10% of global oil and coal consumption with gas could deliver emissions savings of around 3% a year (1gt CO 2 e per annum).
Others focus on the long game and include investments in next-generation nuclear energy and small modular reactors (SMRs) that dont yet exist on a commercial scale. In the 2030s, the grid will have less coal and there will be some constraints on gas. SMRs are still at least five years from commercial operation in the United States.
Creative Greenius talks AB 811 Financing to the Green Task Force / photo (c) Debra Bushweit Galliani. Larry Sutton, the Account Executive from Southern California Edison, did the perfect job teeing up my solar financing presentation by sharing with all of us just how much SCE’s electric rates will be going up this year.
The Government is also separately investing in protecting jobs in the steel and coal industries. A A$10-billion new commercially-oriented Clean Energy Finance Corporation will invest in renewable energy, low pollution and energy efficiency technologies.
OBE believes they will be one of the first commercial-scale renewable fuel producers to petition for an advanced biofuel designation from the EPA. With commercial scale cellulosic ethanol still a longer term solution, OBE sees an opportunity to be an early advanced biofuel market participant. Osage Energy Annual Plant Production.
Financing challenges. All of this makes for a very difficult time to get financing for a new facility. In the world of project finance, quality means management teams with strong track records, proven technologies, deep pockets and secure, long term agreements on the project’s inputs and outputs. Earlier post.). million dollars.
Coal still supplies more power in the US than anything else, with natural gas next. However, building more coal and gas power plants to make miles for transport is counter-productive if the game plan is to reduce carbon output. They had better think seriously about financing solar and wind arrays.
It also provides significant incentives for the commercial deployment of 72 GW of carbon capture and sequestration. Also, extends and doubles the credit for vehicles of weight less than 8,500 pounds for commercial fleet vehicles of at least ten cars and purchases of at least three natural gas vehicles. Natural Gas.
Cautioning that the development and commercialization of the electric car is “ not a sprint, but a marathon ”, Volkswagen AG Chairman of the Board of Management Prof. We have rock-solid finances. Does it ever make sense ecologically to operate a car with power from a coal-fired plant? New Small Family ( earlier post ) in 2013.
Over the past three decades, China pushed traditional HVDC technology, based on current source converters and thyristors, to massive scale to send hydro, coal, and wind power thousands of kilometers to its coastal industries and megacities. Siemens’s MMC submodules switch only once per AC cycle, cutting losses from about 1.7
Clean base load energy is particularly important since that is usually generated by nukes, burning coal or, in the case of Hawaii, oil. The company plans test deployments of vehicles in 2009 and broad commercial sales in 2012. Mr. Agassi has raised $200 million in private financing for his idea.
For instance, during periods of reduced solar irradiance or wind speed, traditional energy sources such as coal often experience a surge in production to meet demand. This initiative will be supported by 1 billion dollars in concessional finance and other commercial funding.
They couldn’t tell the difference between a bright day at the beach and being in a coal mine in Pittsburgh. On 30 March, Second Sight laid off the majority of its remaining employees and announced its “ intention to wind down operations ,” citing the impact of the COVID-19 pandemic on its ability to secure financing. Jeroen Perk.
While home charging will make use of the standard 110-volt wall outlets in your home, fast-charging stations, which currently are used to power industrial forklifts and airport ground equipment around the world, will use the power supply commonly found at commercial locations.
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