article thumbnail

Panda Power finances conversion of retired coal plant to natural gas; one of largest power conversion projects in US

Green Car Congress

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 Panda Hummel Station power plant will access natural gas through the MARC 1 and Transcontinental regional gas pipelines.

Coal 150
article thumbnail

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

Green Car Congress

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. Project VGV uses surplus electricity generated by renewable and nuclear sources to produce hydrogen via electrolysis.

Volt 334
article thumbnail

2019 Keeling Curve Prize winners include Opus 12; conversion of CO2 into fuels and chemicals

Green Car Congress

water and electricity to produce higher-energy carbon-based products and a co-product of pure oxygen. This reaction is energetically uphill, so electricity must be added to drive the reaction forward, and it is not possible without a new family of CO?-reducing reducing catalysts. Energy Access. Transportation.

2019 207
article thumbnail

ClearEdge Power completes $73.5M Series E financing round

Green Car Congress

million in Series E financing through the sale of new shares and the conversion of previously issued promissory notes. The financing will be used to further grow customer adoption in key commercial markets, expand internationally and develop and commercialize new products.

Financing 210
article thumbnail

STEAG and thyssenkrupp planning joint green hydrogen project

Green Car Congress

In the next few years, the company expects the conversion of one blast furnace to result in an annual demand of around 20,000 tonnes of green hydrogen. This demand will increase to some 720,000 tonnes per year by 2050 as a result of the gradual conversion of the plants and equipment.

Hydrogen 482
article thumbnail

INEOS Bio JV Closes $75M in private financing under USDA loan guarantee program for advanced BioEnergy Center in Florida

Green Car Congress

INEOS Bio announced that its joint-venture project, INEOS New Planet BioEnergy (INPB), has finalized $75 million in private financing utilizing the US Department of Agriculture (USDA) loan guarantee program for its new Indian River BioEnergy Center located in Florida. The hot synthesis gas is quenched and cleaned. Earlier post.)

Florida 186
article thumbnail

Fraunhofer researchers developing ammonia-based systems for mobile energy in infrastructure, transportation and industry

Green Car Congress

Kolb The conversion of hydrogen into ammonia is a viable option for using it as an energy source both on-site for industrial processes on a large scale as well as on a decentralized basis in the logistics sector. In comparison to hydrogen, liquefied ammonia makes it easier to transport large volumes to wherever it is needed.