Roskill: Rising prices could be new norm for lithium industry

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Although on paper, capacity in the pipeline appears sufficient to meet this demand growth, Roskill expects challenges and set-backs in developing, financing and commissioning lithium mining and refining operations. Falling sales in H2 2019 in China, the largest market for EVs, and a global reduction in sales caused by lockdowns related to the COVID-19 pandemic in H1 2020 slowed lithium demand growth, impacting demand from both battery and industrial applications.

Global geothermal industry passes 12,000 MW operational

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The global geothermal industry surpassed 12,000 MW of geothermal power operational, with about 600 MW of new geothermal power coming online globally, according to a year-end update by the Geothermal Energy Association (GEA). The international geothermal power industry is poised to place between 500 and 1,000 MW on line per year for the rest of the decade, said GEA.

2013 102

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Global Bioenergies picks up new €1.4M financing for isobutene program; targeting Germany expansion

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France-based Global Bioenergies, the developer of a one-step fermentation processes for the direct and cost-efficient transformation of renewable resources into light olefins, has obtained new €1.4-million (US$1.6-million) financing from Bpifrance on the isobutene program. Bpifrance granted Global Bioenergies a “Zero Percent Interest Innovation Loan” (Prêt à Taux Zéro Innovation) to adapt its isobutene process to certain specific industrial environments.

2015 75

Global Bioenergies obtains €4.4M loan to complete financing of demo plant, begins construction

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Global Bioenergies, a startup developing and commercializing a fermentation process that targets gaseous isobutene, has obtained a €4.4-million (US$4.7-million) loan from a consortium of four French banks—BNP Paribas, Société Genéralé, CIC and Bpifrance—to complete the financing of its demo plant. This new financing will cover the purchase of a complete fermentation unit, comprising an inoculation fermenter, a propagation fermenter, and a 5,000L production fermenter.

2015 73

Opposed-piston engine company Achates Power raises $35.2M in Series C Financing; new industry advisory board

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million in Series C financing. The company also announced the formation of a new Industry Advisory Board, and its selection as a semi-finalist in the Securing America’s Future Energy (SAFE) Energy Security Prize. The Series C financing follows a $19-million Series B round in 2009 and brings the total raised by Achates Power to nearly $90 million since its 2004 founding. Achates Power, Inc.,

2013 83

Shipping industry companies launch new zero-carbon shipping research center

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A group of leading shipping industry companies are taking the next step to develop new fuel types and technologies by launching the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping. Møller - Mærsk, Cargill, MAN Energy Solutions, Mitsubishi Heavy Industries, NYK Lines and Siemens Energy. As an independent research center, it will work across the entire shipping sector with industry, academia and authorities.

2020 78

Waste-to-biofuels company Enerkem raises C$280M, its largest financing round

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In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. This new and significant financing will help accelerate our growth and further expand project development and implementation. BlackRock is a global leading investment management corporation, managing close to six trillion dollars in assets on behalf of investors worldwide. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries.

2018 73

Global Bioenergies receives €740K from OSEO to create a pre-industrial strain

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Global Bioenergies, an industrial biology company that develops sustainable routes to light olefins, announced a new €740,000 (US$952,000) financing from OSEO , a French SME-funding state agency, to support the creation of an isobutene production strain compatible with industrial pilot testing. This is OSEO’s third financing on the Company’s program aiming at the conversion of renewable resources into isobutene.

2013 78

Global Bioenergies reports successful production of isobutene by fermentation in industrial pilot

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Audi partner Global Bioenergies (GBE) has successfully carried out its first isobutene production trial at its industrial pilot site in Pomacle-Bazancourt. A production run was initiated on 3 November, resulting in the first production of isobutene—a gaseous hydrocarbon—by fermentation in an industrial environment. This marks the first fermentative production of isobutene outside of Global Bioenergies’ R&D laboratories located in Evry near Paris.

2014 78

Algenol closes on additional $25M internal equity financing

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Founded in 2006, Algenol converts CO 2 from industrial emitters into transportation fuels through its Direct-To-Ethanol process. With this investment, more than $260 million dollars have been invested in and granted to Algenol from BioFields and Reliance Industries, a Fortune Global 500 company based in Mumbai, India, as well as the US Department of Energy and Lee County, Florida.

2015 73

Pinnacle Engines appoints Asian Business Advisory Board; closes Series C financing

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Pinnacle Engines, developer of a highly efficient 4-stroke, spark-ignited (SI), opposed-piston, sleeve-valve architecture engine ( earlier post ), has appointed five industry leaders to its newly formed Asian Business Advisory Board. Pinnacle Engines also announced closure of its Series C financing, bringing total investment in the company to more than $30 million. BVR Subbu: A former President of Hyundai India, BVR brings extensive experience in the Asian automotive industry.

2014 97

Global Bioenergies secures a €5.7M grant to proceed with its second industrial pilot in Germany

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Global Bioenergies will construct its second industrial pilot on the site of the Leuna refinery, close to Leipzig in Germany. Global Bioenergies is a pioneer in the development of one-step fermentation processes for the direct and cost-efficient transformation of renewable resources into light olefins, the key building blocks of the petrochemical industry. —Marc Delcourt, CEO of Global Bioenergies SA.

2013 80

The $32-Trillion Push To Disrupt The Entire Oil Industry

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Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Increased shareholder activism, combined with global warming policies of institutional investors and NGOs, are pushing IOCs in a corner, constricting financing options for oil companies. With less financing options for IOCs, and also oilfield services, the already existing investment gap in upstream investment worldwide will only grow wider.

2019 81

Aurora enters long-term, global, strategic collaboration with Toyota and Denso for self-driving cars at scale

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Autonomous driving software company Aurora has entered a long-term, global, and strategic collaboration with Toyota and Denso, one of the largest global manufacturers and tier-one automotive suppliers, respectively, to build and globally deploy self-driving cars at scale. In January, PACCAR and Aurora signed a global, strategic agreement to develop, test and commercialize autonomous Peterbilt and Kenworth trucks.

Green Biologics secures $76M in financing; repurposing MN ethanol plant for n-butanol and acetone

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In addition to the $42-million internal equity round, an additional $34 million in funding was raised predominantly in debt financing from Tennenbaum Capital Partners (TCP), along with equity and debt investment rolled over by existing members of Central MN Ethanol Co-op LLC (CMEC) in Central MN Renewables LLC (CMR), a US affiliate of GBL. Green Biologics (GBL) closed an internal follow-on equity round of $42 million co-led by Swire Pacific Limited and Sofinnova Partners.

2015 78

ADEME awarding €3.1M to Global Bioenergies and IBN-One plant project

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Global Bioenergies will soon be receiving €2.6 million in the form of repayable advances, following last July’s achievement of a technical and financial milestone in the ISOPROD project funded by the French Environment and Energy Management Agency (ADEME), which involves Global Bioenergies, Cristal Union and L’Oréal around the IBN-One first plant project. Financing a first of its kind plant, based on an innovative technology is always a challenge.

2019 79

Audi partner Joule announces its CO2-recycled ethanol meets US and Euro specs; $40M financing

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Joule’s CO 2 -derived ethanol will address a global biofuels market of approximately 1.9 Unlike processes requiring the fermentation of sugars from corn, cellulose or other biomass materials, Joule uses engineered biocatalysts to recycle industrial CO 2 emissions directly into ethanol, avoiding the use of crops, arable land and fresh water. New financing.

2015 78

Exxon/Mobil To Fund Solar Financing Bond For Torrance Homeowners

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In a deal brokered by the city’s newly commissioned Citizens Environmental Task Force, Exxon/Mobil, owners of the Exxon/Mobil Refinery in the City of Torrance agreed today to fund a bond that will make low cost financing of solar energy systems for home and apartment owners. Without Exxon Mobil’s funding of the financing bonds the program would not have had the money to offer loans in Torrance. So what about Exxon/Mobil’s funding of the solar financing bond?

Bio- and jet-fuel carinata feedstock company Agrisoma closes $15.4M Series B financing

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Agrisoma Biosciences, an agricultural company that has commercialized carinata, a non-food oilseed crop designed for sustainable production of biofuels, has closed a $15.4-million Series B financing round, co-led by new investor Groupe Lune Rouge and current investors Cycle Capital Management, and BDC Venture Capital. This Series B round is used to support the global expansion of Agrisoma’s business.

2017 60

Euro Parliament Environment Committee votes to include shipping CO2 in EU ETS; shipping industry to contribute to climate neutrality

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The committee calls for an “Ocean Fund” for the period from 2023 to 2030, financed by revenues from auctioning allowances under the ETS, to make ships more energy-efficient and to support investment in innovative technologies and infrastructure, such as alternative fuel and green ports, to decarbonize the maritime transport sector. 20% of the revenues under the Fund shall be used to contribute to protecting, restoring and efficiently managing marine ecosystems impacted by global warming.

2020 85

“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. The hydrogen is combined with CO 2 to produce methane, which is pumped into and stored in the existing natural gas grid and used like natural gas for use in power generation, transportation, or other thermal and industrial uses. Financing Project VGV: the Green Redemption Fund.

2013 109

Electrovaya completes C$5M financing; new Office of Chairman

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completed a financing for C$5 million (US$4.96 This financing provides valuable working capital for future growth, including certain strategic initiatives. As the global growth in lithium ion batteries for transportation and energy storage applications. joint ventures, licensing, strategic investors and partnerships across the industries of electric. of the Institute of International Finance, a global association of financial institutions based in Washington, DC.

IEA: COVID-19 crisis causing the biggest fall in global energy investment in history

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The COVID-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year—from fossil fuels to renewables and efficiency—the International Energy Agency said in a new report. At the start of 2020, global energy investment was on track for growth of around 2%, which would have been the largest annual rise in spending in six years.

2020 90

Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Renewables account for approximately 10-15% of the global energy infrastructure investment and according to New Energy Finance renewables have been hit hard by the global recession with a 47% in Q1 2009 vs. Q1 2008 ($13.3 by Bill Cooke.

130 banks holding US$47 trillion in assets commit to climate action and sustainability; 1/3 of global banking sector

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Leading banks and the United Nations on Sunday launched the Principles for Responsible Banking , with 130 banks collectively holding US$ 47 trillion in assets—one third of the global banking sector—signed up. The UN Principles for Responsible Banking are a guide for the global banking industry to respond to, drive and benefit from a sustainable development economy.

2019 83

OC&C survey finds US consumers lag behind major industrialized countries in embracing electric/hybrid vehicles

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Americans are much less likely than consumers in other major industrialized countries to purchase an electric vehicle or hybrid, largely because of concerns over access to charging stations away from home, according to a survey by global consulting firm OC&C Strategy Consultants.

2019 65

Solazyme Raises $52M in Series D Financing Round

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a renewable oil production and algal biotechnology company, announced that it has raised $52 million in its Series D financing round. We are executing against multiple partnerships with global industry leaders and the US Department of Defense on a rapid path to commercialization. Solazyme, Inc., Solazyme uses microbial fermentation to produce renewable oil that can be used for clean and scalable fuels, chemicals, nutritional food ingredients and health and wellness products.

EIB to Contribute Up to €300M in Financing to Valeo for €645M Fuel Consumption and Emissions Reduction Projects

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The European Investment Bank (EIB) will grant financing of up to €300 million (US$426 million) to Valeo for its current research projects aiming to reduce the fuel consumption and CO 2 emissions of cars and improve active safety. It is also important to support RDI (Research, Development and Innovation) projects with tailor-made financial products as under the EIB/European Commission’s Risk Sharing Finance Facility ”. Tags: Europe Financing Policy Vehicle Manufacturers

IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

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IHS Markit is forecasting that global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 will be down 22% (more than 650,000 units) to 2.6 These forecasts are informed by the latest IHS Markit global economic forecast updates, which reflect a 3.0% decline in global real GDP in 2020. The China policy response to assist the commercial-vehicle industry has been broad, with a variety of direct and indirect supports announced, locally and nationally.

2020 71

BMW Group, BASF SE, Samsung SDI and Samsung Electronics launch cross-industry project to support sustainable cobalt mining

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As part of a cross-industry initiative, the BMW Group, BASF SE, Samsung SDI and Samsung Electronics have launched a joint cobalt pilot project in the Democratic Republic of the Congo. This fully privately financed project seeks to pilot an approach to address challenges in artisanal mining. Cobalt is a key component in the production of batteries for the automotive and electronics industries.

2018 83

Elevance Renewable Sciences raises $100M in Series C Financing; Total Energy Ventures joins in

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which is commercializing olefin metathesis technology for renewable fuels and chemicals, has raised $100 million in its Series C financing round. Its manufacturing platform integrates its proprietary technology in novel combinations with established industrial processes (metathesis, transesterification, hydrogenation). Elevance Renewable Sciences, Inc.,

2010 76

IEA: global energy investment stabilized above $1.8T in 2018; security and sustainability concerns growing

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Global energy investment stabilized in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables, according to the International Energy Agency’s latest annual review. Global energy investment totalled more than US$1.8 For the third year in a row, the power sector attracted more investment than the oil and gas industry.

2019 71

Global Bioenergies completes private placement of approximately €10.25M

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Global Bioenergies, the developer of a process to convert renewable resources into hydrocarbons through fermentation, has completed a private placement with qualified French and international investors. The proceeds will be used to complete the development and the industrialisation of the isobutene process, finance the detailed engineering studies of the IBN-One plant, launch the commercial roll-out and further diversify the raw materials available to the process.

2017 60

Global Bioenergies receives €475K funding from French innovation agency OSEO to support industrialization of bacteria-produced isobutene

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One month after its IPO ( earlier post ), Global Bioenergies, a France-based startup that has engineered a series of bacterial strains that can produce isobutene, has received €475K (US$680K) in funding from the French innovation agency OSEO. The funds will be used to start the industrialization of the company’s process to convert renewable resources into isobutene, a gas which can be converted into liquid fuels and various polymers.

2011 69

Global Bioenergies receives 13 LOIs for purchases covering the capacity of its renewable isobutene and derivatives plant

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Global Bioenergies has received 13 letters of intent from French and international industrial leaders for purchases totaling 49,000 to 64,000 tons of isobutene and derivatives annually. The letters of intent come from the cosmetics, specialty fuels, road fuels and air transport industries. The internal return rate (IRR) is around 18% in our base case scenario, well above average for industrial projects.

2018 75

Light bio-olefins company Global Bioenergies raises €23 million

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Global Bioenergies, an industrial biology company developing light olefin bioproduction processes ( earlier post ), closed its capital increase launched 27 June 2013, raising a final gross value of €23 million (US$30 million). Use of the proceeds from the capital increase will include: The financing of the isobutene process’ industrialization phase via the construction of two pilots.

2013 81

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. In 2013, the Company announced that, as part of its “Investissements d’Avenir” program, the French government had granted financing of €5.2

2015 60

A123Systems Raises $69 Million in New Round of Private Financing; GE Increases Ownership to More than 10%, Director of GE Global Research to Join Board

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GE Energy Financial Services and GE Capital’s Equity unit provided $15 million of the amount raised by A123 in this financing. Mark Little, GE’s Senior Vice President and Director GE Global Research, will join A123Systems’ board of directors. With this financing, we will begin an expansion that we expect to accelerate upon receipt of government funds.

2009 60

Global Bioenergies and Cristal Union form JV to produce renewable isobutene

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Global Bioenergies, a developer of one-step fermentation processes for the direct and cost-efficient transformation of renewable resources into light olefins, and Cristal Union, the 4 th largest European beet producer, have formed IBN-One, a joint venture to build and operate the first plant in France converting renewable resources into isobutene. Global Bioenergies has engineered an initial series of bacterial strains that can produce light olefins via the fermentation of sugars.

2015 78

DiDi partners with SoftBank in Japan for platform services for taxi industry, launches open new energy car-sharing platform

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have established a partnership to provide platform services for the taxi industry. A key element in DiDi’s strategy is building a smart transportation ecosystem to capture future opportunities, with global expansion through alliances with regional partners. According to a study by GM Insights, the global car-sharing market is expected to grow 34% annually from 2017 to 2024, while the annual growth rate in China will exceed 40%.

2018 69

Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

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Additionally, through its stimulus programs and local industrial policies, the Chinese government is providing a range of grants, low-interest loans and related financial and tax incentives. Due to the strategy to focus predominantly on China in both the immediate and longer term, the company is reallocating its global resources. CEO, Protean Electric and a 32-year auto industry veteran responsible for the development and production of the GM EV-1. Boston-Power, Inc.,

Global Bioenergies raises €3M to accelerate the isobutene program; targeting other molecules

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Global Bioenergies, an industrial biology company. This capital increase will allow Global Bioenergies to accelerate its development plan and in particular to: Continue and accelerate the development phase of its isobutene process; Complete the investments required for the installation of the laboratory pilot and to finance studies for the industrial pilot; and. Finance research on other molecules.

2012 81

Ford, Huayou Cobalt, IBM, LG Chem, RCS Global launch blockchain pilot to address concerns in strategic mineral supply chains; cobalt to start

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Ford Motor Company, Huayou Cobalt, IBM, LG Chem and RCS Global will use blockchain technology to trace and validate ethically sourced minerals in an effort to support human rights and environmental protection while helping infuse more transparency into global mineral supply chains. We remain committed to transparency across our global supply chain. —Lisa Drake, vice president, global purchasing and powertrain operations, Ford Motor Company.

2019 69