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IRENA report says tripling renewables investment required to reach 2050 climate goal

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The 2020 edition of Global Landscape of Renewable Energy Finance highlights however, that while a cumulative US$1.8 Although this was largely due to the decreasing costs of renewables, the total installed capacity continued to grow. Global landscape of renewable energy finance in 2017-2018. C objective by mid-century.

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BYD and Levo partner to deploy up to 5K BEVs in US fleets, integrate V2G technology

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This innovative potential partnership leverages state-of-the-art BYD and Nuvve technologies and will provide access to Stonepeak’s financing, which will lower the cost of medium- and heavy-duty battery electric vehicle adoption for fleets of all types including mass transit, municipalities, last mile delivery and school districts.

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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. This would help speed up the return on investment in VGV for the development costs of the energy transition. Diagram: Isabelle Plat.

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Octillion Power Systems debuts new EV battery-leasing plan

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Ultimately, this will allow Octillion to build market cases for traditional financing groups eager to get into battery leasing but concerned by the technology. With leasing, the upfront cost of the battery is significantly reduced, making the vehicle, in most cases, less expensive than ICE vehicles. —Paul Beach.

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Wärtsilä and partners developing emissions-free barge concept

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The ZESPacks are designed for multiple applications, enabling them to be utilized for temporary onshore use, such as stabilizing the local electricity grid or meeting short-term demand for electrical power. To make it easier for barge operators to sign-on to the concept, a ‘pay-per-use’ financing model has been developed.

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XL Fleet and eNow partner to electrify refrigerated trailers

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Additionally, the partnership enhances XL Fleet’s strategic position to collaborate with important Class 8 transportation customers, providing potential cross-selling opportunities for XL Fleet’s integrated solutions offering, including electrified powertrains and XL Grid charging infrastructure.

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BNEF: net-zero road transport by 2050 still possible, but big push needed

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The report also found that vehicle-to-grid (V2G) technology can play a role in driving down power sector emissions and generating value for consumers. Concessional finance has been a key enabler for the development of renewable power generation in emerging economies and could play a similar role in the EV sector.