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BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

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Global investment in renewable energy totaled $226 billion in the first half of 2022, setting a new record for the first six months of a year, according to Renewable Energy Investment Tracker 2H 2022, a new report published by research firm BloombergNEF (BNEF). Wind project financing was up 16% from 1H 2021, at $84 billion.

Financing 243
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T&E: two-thirds of European battery production at risk as companies weigh investing in US instead

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Tesla in Berlin, Northvolt in northern Germany and Italvolt near Turin are among the projects that stand to lose the greatest volumes of their slated capacity as the companies weigh up investing in the US instead. A central fund accessible to all member states should prioritise battery value chains, renewables and smart grids.

Companies 430
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Vulcan Energy and Nobian to form JV for Central Lithium Plant

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Vulcan Energy Resources signed a Term Sheet agreement with Nobian GmbH (Nobian) for the formation of a 50/50 joint venture over, and equity financing of, Vulcan’s Central Lithium Plant (CLP), which forms part of Vulcan’s Zero Carbon Lithium Project ( earlier post ).

Energy 210
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VanadiumCorp beginning work on next-generation vanadium redox flow batteries for ships

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Phase I work is part of multi-phase development schedule that forms the basis of definitive agreements required in a trilateral partnership with Conoship International Projects BV from the Netherlands and Vega Reederei and Partners GmbH (VEGA) from Germany targeting zero-emission shipping markets with next generation redox flow batteries.

Mariner 428
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Global Bioenergies hits two milestones in renewable isobutene project

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Global Bioenergies has reached two milestones—the labscale performance and the industrial process scale-up—of its process to produce renewable isobutene, one of them more than 2 months in advance. The BioMA+ project is financed by the ADEME in the context of the French “Investissements d’Avenir” State program.

Renewable 150
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Zero Carbon Lithium company Vulcan acquires geothermal plant; brine offtake agreement with geox

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Vulcan Energy Resources has agreed to acquire an operational geothermal renewable energy power plant in the Upper Rhine Valley at Insheim, Germany, through the acquisition of 100% of the shares in the entity which owns and operates the plant. The geothermal power plant in Insheim, Upper Rhine Valley, Germany. Brine offtake.

Carbon 243
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Siemens presents three-point plan for implementing cost-efficient energy transition in Germany

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Siemens suggests abandoning a fixed target for renewable energies and concentrating on the CO 2 reduction goal. Germany has embarked on a large-scale Energiewende (energy transition)—a policy-driven shift away from nuclear and fossil energy to a renewable energy economy. Source: Siemens. Click to enlarge. Euro cents/kWh.

Germany 239