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ENGIE New Ventures increases investment in 2nd-life battery company Connected Energy

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ENGIE New Ventures, the corporate venture fund of ENGIE, is participating in a new round of investment to further the development of Connected Energy. Based in the United Kingdom, Connected Energy uses end-of-life EV batteries to create energy storage systems.

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ElectraMeccanica and Tevva to merge; targeting electric commercial trucks in UK, Europe and US

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The attending members of the Boards of Directors of both companies unanimously approved the proposed transaction. We are excited to merge with ElectraMeccanica and accelerate the growth of the combined company. of the combined company and Tevva shareholders will own 76.5% of the combined company on a fully diluted basis.

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Uber setting goal of 100% of rides in EVs in US, Canada and European cities by 2030

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The company is also setting an earlier goal to have 100% of rides take place in electric vehicles (EVs) in US, Canadian, and European cities by 2030. In addition to platform goals, Uber is also committed to reaching net-zero emissions from corporate operations by 2030. It follows a successful pilot between Nissan and Uber in the UK.

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Autonomous driving software company nuTonomy closes $16M A round

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In Singapore, where nuTonomy has strong governmental support, the round included participation from EDBI, the dedicated corporate investment arm of the Singapore Economic Development Board. nuTonomy is positioning itself to be the first company to deliver an autonomous taxi service, and plans to launch a commercial offering in 2018.

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Cummins to open new fuel cell systems production facility in Germany; Alstom’s hydrogen trains

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The company already has alternative power facilities located in the United Kingdom, Belgium and Germany. In September 2019, Cummins acquired the Hydrogenics Corporation, which provided Cummins with both PEM, alkaline fuel cells, and electrolyzers used to generate hydrogen.

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BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

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The Renewable Energy Investment Tracker summarizes BloombergNEF’s tracking of global investment in renewable energy up to and including 1H 2022, and covers both project investments and corporate fundraising. After a very strong first half in 2021, public market issuances for renewable energy companies dropped 65% in 1H 2022, totaling $10.5

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Westinghouse and China, Turkey partners negotiating to develop 4-unit nuclear power plant in Turkey

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Westinghouse Electric Company; China’s State Nuclear Power Technology Corporation (SNPTC); and Electricity Generation Company (EÜA?), In addition, shareholder agreements have been signed in the past few months for the development of AP1000 plants at the Moorside site in the United Kingdom and the Kozloduy site in Bulgaria.

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