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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 256
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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 195

Plug Power, Chart Industries and Baker Hughes to become cornerstone investors in FiveT Hydrogen Fund; clean hydrogen at scale

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Plug Power, Chart Industries, Inc. Plug Power intends to commit €160 million ($200 million), and Chart Industries and Baker Hughes each intend to commit €50 million respectively ($60 million). These investments will enable FiveT to establish itself at the heart of the hydrogen industry and help advance a broader global mission to address climate change and accelerate the energy transition.

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 207

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 204

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 214

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 195

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 188

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 200

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 163

Praj Industries and Qteros partner to accelerate global commercialization of cellulosic ethanol; Qteros closes Series C financing tranche

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India-based Praj Industries Limited and Qteros, Inc., the developer of a Consolidated Bioprocessing (CBP) platform for low-cost production of cellulosic ethanol using the Q-microbe ( earlier post ), have formed a strategic partnership to accelerate commercialization efforts for industrial-scale cellulosic ethanol production. Qteros also announced that it has closed the initial tranche in its Series C financing.

2011 163

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 183

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 207

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 183

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 174

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 183

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 244

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 174

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.

2020 294

Dongfeng Motor Group deepens partnership with Peugeot with $1.1B stake, new industrial plan

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The investment also marks a strengthening and deepening of the existing industrial and commercial partnership between PSA and DFG, China’s second largest carmaker. The capital increase and the closer ties to DFG are aimed at: Strengthening PSA Peugeot Citroën’s footprint in China and in ASEAN and the realisation of industrial synergies with DFG, of around €400 million per annum for PSA Peugeot Citroën by early 2020s; and. Industrial partnership.

2014 207

EC rolls out CARS 2020 action plan for European auto industry

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Antonio Tajani, Vice President of the European Commission in charge of Industry and Entrepreneurship, introduced the EC’s CARS 2020 Action Plan aimed at reinforcing the European automotive industry’s competitiveness and sustainability heading towards 2020. The anticipated action plan comes at a time when the automotive industry is facing particular pressure due to a strong decline of the EU market and structural overcapacities.

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 195

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 199

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 195

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 150

“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 273

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.

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.

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 207

China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

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China’s State Council has published a plan to develop the domestic energy-saving and new energy vehicle industry, which includes battery-electric vehicles, plug-in hybrid vehicles and fuel cell vehicles. Natural gas and other alternative fuel vehicle technology is basically mature, the government said, and is headed toward initial industrialization. 2012 Chinese Auto Industry Development Report. Developing the industrial system.

2012 273

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.

High Performance Computing Innovation Center opens at Lawrence Livermore; automotive and energy among industries to benefit

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Industries expected to benefit from the use of high performance computing (HPC) range from aerospace, automotive and transportation to utilities, energy, health care, finance, materials manufacturing, nanotechnology and consumer electronics. HPCIC will facilitate national lab/industry collaboration, applying high performance computing to product design, development and manufacturing, data management and the operation of complex energy and communication systems.

2011 183

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.

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 177

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

PwC industry survey provides check-up on determining factors for EV success

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Global hybrid + EV assembly forecast. More than 200 participants from the automotive, utilities, energy, technology, government, finance, education and other sectors provided their feedback for the effort. In terms of the assembly outlook for hybrids and EVs, Autofacts (PwC’s automotive forecasting service) projects that annual production will reach approximately nine million units by 2020, representing roughly 9% of global market share.

2011 183

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 190

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 177

AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

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AlixPartners also estimates that on-going unemployment and underemployment could cost the auto industry up to 1.5 According to the study, historically, approximately one of every five vehicles sold is financed by home-value appreciation, a ratio that’s likely to decrease with the continuing stagnancy in home values. Technologically, the auto industry could well be on the cusp of its biggest set of changes since the invention of the internal-combustion engine more than 100 years ago.

2011 183

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 188

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 150

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 204