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V2X company Fermata Energy raises $40M in recent round

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Fermata Energy, a vehicle-to-everything (V2X) technology services provider, recently raised $40 million to accelerate the company’s growth with investment from new partners, including funds managed by global investment firm Carlyle and Verizon Ventures. Oldenburg, a Managing Director specializing in renewables investing at Carlyle.

Energy 225
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Raven SR and Cap Clean Energy to collaborate on Canadian SAF and renewable diesel projects

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Raven SR, a renewable fuels company ( earlier post ), and Cap Clean Energy, a clean energy development company headquartered in Calgary, Alberta, signed a memorandum of understanding (MOU) to co-develop biofuels facilities in Canada to produce sustainable aviation fuel (SAF) and renewable diesel (RD) for the heavy duty transport sector.

Renewable 199
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PowerCell Sweden and Hitachi ABB Power Grids deepen collaboration within stationary power solutions

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PowerCell Sweden AB and Hitachi ABB Power Grids have signed an agreement regarding an in-depth collaboration around fuel cell based stationary power solutions. The generic fuel cell-based complete solutions, including service offers, will be marketed and sold jointly by the companies.

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3 Oil Majors That Bet Big On Renewables

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Despite the much-vaunted megatrend involving the global electrification drive and shift to renewable energy , the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. 2 Total SA.

Oil 418
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Rolls-Royce to supply 60 MWh battery storage to Semper Power to stabilize the Dutch power grid

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Rolls-Royce has been awarded a contract to supply and install a large-scale mtu EnergyPack QG battery storage system on a turnkey basis to the Dutch energy company Semper Power in Vlissingen. When fully charged, the system has the capacity to supply 8,000 households with electrical energy for an entire day.

Grid 221
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Volkswagen Group sets up new group company for energy and charging: Elli

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The Volkswagen Group is establishing a Group company for energy offerings and charging solutions, underlining its strategic goal of becoming a leading provider of sustainable mobility. Elli Group GmbH , with headquartered in Berlin, is to develop products and services connected with energy and charging for the brands of the Group.

Companies 310
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ExxonMobil invests $15M in University of Texas at Austin Energy Institute; renewable energy, battery technologies and power grid modeling

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ExxonMobil will invest $15 million as a leadership member of the University of Texas at Austin Energy Institute to pursue technologies to help meet growing energy demand while reducing environmental impacts and the risk of climate change. E-ffiliates fosters collaboration with industry in pursuing energy and environmental innovation.