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“Project Volt Gas Volt” proposes long-term financing plan to support widespread implementation of power-to-gas systems

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Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. The concept is the same embodied in Audi’s e-gas project ( earlier post ), to which the VGV proposal makes continued reference.

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DOE to award $118M to 17 projects to accelerate domestic biofuel production

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The US Department of Energy (DOE) will award some $118 million in funding for 17 projects to accelerate the production of sustainable biofuels. Financing for novel biorefinery process systems can be a barrier to commercializing advanced biofuels, and this funding will reduce technological uncertainties and enable industry deployment.

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DOE awards $56M to 21 concentrating solar power projects; $8M for reducing soft costs of rooftop PV systems

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DOE also announced the “America’s Most Affordable Rooftop Solar” competition to aggressively drive down the cost of rooftop solar energy system as well as $8 million in awards to nine small businesses to lower the cost of financing, permitting, and other “soft costs,” which can amount to nearly half the cost of residential solar systems.

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BMW Group plans > €30B on future-oriented technologies up to 2025; all-electric 7 Series model coming

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Oliver Zipse, Chairman of the Board of Management of BMW AG, and the Concept i4. We are already making measurable progress, which will continue to have a noticeably positive impact on earnings—whether in terms of sales, the cost of materials or indirect purchasing.

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DOE releases draft energy storage grand challenge roadmap and requests stakeholder input

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The Draft Roadmap outlines a Department-wide strategy to accelerate innovation across a range of storage technologies based on three concepts: Innovate Here, Make Here, Deploy Everywhere. These mechanisms will enable the commercialization, private sector financing, and deployment of energy storage technologies.

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Ford splitting auto business into two distinct entities: Ford Blue and Ford Model e

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With these changes announced today, Ford is raising its longer-term operating and financial targets, including: Company adjusted EBIT margin of 10% by 2026, a 270-basis-point increase over 2021– driven by higher volumes, improvement in the cost of EVs, and a significant decline in ICE structural costs of up to $3 billion.

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DOE selects Shell-led consortium to demonstrate feasibility of large-scale liquid hydrogen storage in $12M project

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A consortium of public, private and academic experts led by Shell International Exploration and Production, Inc. The DOE has awarded $6 million to finance the project, and Shell and CB&I Storage Solutions will both provide an additional $3 million each, for a total project fund of $12 million.

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