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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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T&E used publicly available information to assess the 50 gigafactories announced in Europe based on their finance and permits, whether they had secured a location, and the companies’ links to the US. A central fund accessible to all member states should prioritise battery value chains, renewables and smart grids.

Companies 430
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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). In Nevada, NV Energy is looking to replace coal plants with 300 MW of renewable energy, including geothermal.

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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). by Bill Cooke. Billion vs. $28.3 Billion in 2008). Earlier post.).

Financing 150
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Novamont launches joint venture for European BDO plant using Genomatica’s process

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Genomatica and Novamont have signed a definitive agreement establishing a joint venture (JV) for the first industrial plant in Europe producing butanediol (BDO) directly from renewable feedstocks. Under the agreement, Novamont is converting an existing facility in Adria, Italy to use Genomatica’s BDO process. Earlier post.).

Italy 210
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EIB lends €65 million to Mossi and Ghisolfi Group for production of second-generation bioethanol

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After seven years of studies and a €150-million (US$206 million) investment, Biochemtex developed the Proesa process, an exclusive technology platform commercialised by Beta Renewables. Proesa is used to produce bio-fuels and chemical intermediates and it has been demonstrated on an industrial scale at the Crescentino plant.

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Solid-State Hydrogen Storage Company Closes 13.7M Funding Round

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McPhy Energy , a French company founded in January 2008 with the mission to industrialize and commercialize a new magnesium hydride solid state storage system for hydrogen, recently closed its second round of funding worth €13.7 McPhy’s technology addresses the merchant hydrogen and renewable energy markets. million (US$17.3

Hydrogen 210
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PSA Peugeot Citroën and General Electric sign a European Cooperation Agreement for the co-development of electromobility solutions; BEVs and PHEVs

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Through this non-exclusive and renewable agreement, GE and PSA Peugeot Citroën seek to develop a new EV mobility offer in Europe that will enable B2B customers to overcome the current EV constraints (mileage, charging time, vehicle size). million globally.

PHEV 218