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New report showcases innovative finance tools to electrify truck, bus fleets; TCE Toolkit

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Broader collaboration among key stakeholders and a new generation of finance solutions will be needed to electrify trucks and buses at scale by 2050, according to a report released today by Environmental Defense Fund (EDF), MJ Bradley and Vivid Economics. —“Financing the Transition”. —“Financing the Transition”.

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FCA US reaches settlements on diesel emissions at estimated cost of $800M

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The estimated total cost of settlements is $0.8 Department of Justice (DOJ), the California Air Resources Board (CARB), the State of California, 49 other States and U.S. Department of Justice (DOJ) and the California Air Resources Board (CARB) for environmental claims. Environmental Protection Agency (EPA), U.S.

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National Electric Vehicle Sweden halts production while it sorts out financing

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National Electric Vehicle Sweden (NEVS), the company resurrecting the Saab brand ( earlier post ), has halted production of its vehicles (currently at 6 units per day) while it sorts through financing issues and aligns its strategy with new OEM partners. Ltd, has not fulfilled its contractual obligation to finance the operations, NEVS said.

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The Metals Company and Low Carbon Royalties form strategic partnership

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to finance the development and production of low-carbon fuels and energy transition metals. However, relative to other parts of the value chain, global investment in mining of energy transition metals is lagging. TMC and LCR have agreed to a purchase and sale agreementwhereby LCR has acquired a 2.0%

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EPRI assesses status of 8 key power generation technologies for US; estimates of capital cost and levelized cost of electricity

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Comparative levelized cost of electricity in 2025 ($/MWh) at different CO 2 prices. For the report, central-station generation refers to >100 MW, with the exception of some renewable-resource-based technologies. emissions capture and storage, new emissions controls regulations, and increasing capital costs. Source: EPRI.

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DOE awards $165M GEODE grant to consortium to accelerate development of geothermal by leveraging oil and gas industry

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From the second year onwards, the DOE will provide up to $155 million in additional funds to finance execution of the plan. Accomplishing these goals will contribute significantly to achieving the cost targets outlined in the DOE’s recently announced geothermal EarthShot, bringing down the costs of Enhanced Geothermal Systems (EGS) by 90%.

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IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

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The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA). Real weighted average cost of capital is 7.5% Source: IRENA.

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