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IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

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Government financing will remain necessary to mobilise new investment, not just for plants but also to develop the latest technologies. This is because there is rarely sufficient private sector finance for such capital-intensive and long-lived assets, particularly those exposed to significant policy risk.

Russia 458
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IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

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IHS Markit is forecasting that global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 will be down 22% (more than 650,000 units) to 2.6 million units, in the wake of the COVID-19 pandemic. Most commercial vehicle factories in mainland China have returned to production.

2020 191
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In-wheel electric drive company Protean Electric raises $40M; JV with Weifu

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The Series E financing proceeds will support Protean’s on-going business activities and help to establish a global licensing model covering all key markets. Protean maintains operations in the United Kingdom, China and the US, with its manufacturing plant at Tianjin, China. —Kwok-Yin Chan, CEO of Protean Electric.

Companies 170
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Solena signs LOI with Rentech for Fischer-Tropsch technology for first commercial-scale renewable jet fuel facility in Europe

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for the use of Rentech’s proprietary Fischer-Tropsch (FT) synthetic fuel technology in Solena’s BioJetFuel project—GreenSky—in the United Kingdom. Solena has identified potential sites for the project in East London and is in discussions with various funding sources to finance the project. The Solena Group, Inc.,

Renewable 210
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Protean Electric raises $70M to accelerate adoption of in-wheel drive systems for electrified vehicles in China

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Existing investors Oak Investment Partners and GSR Ventures co-invested in Protean’s equity financing round. The investment follows Protean’s announcement in May that it is setting up a manufacturing site in Tianjin, China to commercialize its model PD18 in-wheel motor in order to meet customer demand. and Tianjin THSG Corporation.

China 150
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Navigant Research projects global market for plug-in charging equipment to grow to 4.3M units and $5.8B in revenue in 2022

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Commercial charging, which includes workplace, public and private chargers, is more indirectly tied to PEV growth and is still driven to a great degree by government support, the market research firm observed. AC charging, which is used in both residential and commercial applications, typically supplies capacities of up to 7.2

Plug-in 225
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UK Government Providing 360M Loan Guarantee for 450M Loan to Ford from EIB

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The UK projects to be supported cover research and development for Ford’s commercial vehicles such as the Transit and Connect vans and the development of low carbon emission diesel and gasoline engines. Ford is investing £1.5 billion (US$2.26 This includes investment in production facilities for new lower carbon engines in Bridgend.

Ford 170