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DOE closes on $504M loan guarantee for world’s largest clean hydrogen and energy storage project

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million loan guarantee to the Advanced Clean Energy Storage project in Delta, Utah (ACES Delta)—marking the first loan guarantee for a new clean energy technology project from DOE’s Loan Programs Office (LPO) since 2014. The US Department of Energy (DOE) closed on a $504.4-million Rendering of Advanced Clean Energy Storage salt cavern.

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ZeroAvia and MONTE strike deal for 100 hydrogen-electric powertrains to enable zero-emission aircraft leasing

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MONTE and ZeroAvia aim to retrofit the aircraft for clients starting in 2024 and will provide and finance maintenance and hydrogen availability services to support these operations. The hydrogen feeds fuel cell stacks that generate power by converting hydrogen into electricity.

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Deutsche Bahn and MTU present converted hybrid rail car for public transport

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Deutsche Bahn and Tognum subsidiary MTU Friedrichshafen GmbH (MTU) have converted a diesel-mechanical powered car from the VT 642 series into a hybrid vehicle as part of a joint research project. This electrical energy is temporarily stored in batteries and then used as required for operation. Credit: MTU. Click to enlarge.

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Ideal Power, developer of new indirect power conversion technology, prices IPO

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has developed a novel, patented power conversion technology it calls Power Packet Switching Architecture (PPSA). PPSA has a 100% indirect power transfer compared to direct power transfer from conventional power converters. Ideal Power Inc. The system is designed to allow power to flow in any mix among any ports with 96.5%

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RINA awards Freudenberg e-Power Systems type-approval for methanol-powered fuel cell system

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Converting commercial ships on the high seas to CO 2 -neutral drive systems is a huge challenge. Hydrogen as a direct energy storage medium is also ruled out for these ship types, as its low volumetric energy density would require it to be stored in huge hydrogen tanks in a cryogenic or highly compressed state. million km for a truck.

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Porsche, Siemens Energy and partners advance climate-neutral eFuels development; Haru Oni pilot in Chile

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The result is renewable methanol, which can be converted into climate-friendly fuel using an MTG (Methanol To Gasoline) technology to be licensed and supported by ExxonMobil. Part of the e-Methanol will be converted to e-Gasoline (130,000 liters per year). —Christian Bruch, CEO Siemens Energy.

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Kinetic Traction Systems launches with trackside flywheel energy storage technology for rail

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KTSi) is launching with proprietary flywheel technology to absorb energy and generate power in rail traction and energy recycling applications. Regenerative electric trains convert kinetic energy into electrical energy during braking. KTSi builds on this technology, pioneered in the 1990s. Startup Kinetic Traction Systems, Inc.