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TotalEnergies takes 25% stake in Adani New Industries Limited for green hydrogen in India

Green Car Congress

ANIL will be the exclusive platform of AEL and TotalEnergies for the production and commercialization of green hydrogen in India. TotalEnergies will offer its thorough understanding of the global markets, expertise in renewable technologies and large-scale industrial projects, and financial strength, enabling ANIL to lower its financing cost.

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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

Green Car Congress

New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. This is due to wind and solar projects generating only when natural resources are available while oil, coal, and gas plants can potentially produce around the clock. billion and $2.7

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REC to offer financing for 50,000 e-buses over the next 2-3 years | Autocar Professional

Baua Electric

For the fiscal year ended 2023-24, REC CMD said funding for all green energy projects, which includes a mix of solar, wind energy, and electric mobility, has increased by 533%, from Rs 21,554 crore in FY23 to Rs 1,36,516 crore, including electric mobility and green hydrogen.

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Japanese banks financed most of the Mumbai Trans Harbour Link. Tap to know the cost. | Autocar Professional

Baua Electric

From Japan with Love The bridge was constructed from special steel sections imported from Japan (Japan also provided the finance for the bridge). Each section was manufactured, assembled and individually tested in Japan, before being disassembled, carefully packed and then shipped to India. The speed limit 100kph.

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Renewables to overtake coal as largest global electricity source in 2025

Teslarati

Solar PV and wind account for 95% of the expansion, with renewables overtaking coal to become the largest source of global electricity generation by early 2025.” Last year, China commissioned as much solar PV as the entire world did in 2022, while the country’s wind power increased 66 percent year over year. In the U.S.,

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Ohmium and Aquastill collaborate to produce green hydrogen from seawater

Green Car Congress

In addition, the integration of modular desalination units can facilitate new applications for cost-effective green hydrogen production, including co-locating PEM electrolyzers with offshore wind farms, to enable the production of green hydrogen at-source. In 2023, Ohmium raised $250 million in Series C financing, led by TPG Rise Climate.

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McMaster switched reluctance motor spinout Enedym closes $15M funding round

Green Car Congress

Enedym, a switched reluctance motor (SRM) spinout from McMaster University, closed a $15-million financing round from an international group of strategic investors within the US, Canada, Europe, and India, including P&A Paletta Giving Inc., A controller energizes each stator winding only when it can produce useful torque.

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