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bp leads $12.5M Series A investment in water vapor electrolyzer innovator Advanced Ionics

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million Series A financing led by bp ventures, with additional investors including Clean Energy Ventures, Mitsubishi Heavy Industries, and GVP Climate. The new capital will help catalyze Advanced Ionics’ growth and facilitate the initial deployment of its water vapor electrolyzer technology for heavy industry.

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IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

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As the world contends with a global energy crisis, nuclear power has the potential to play a significant role in helping countries to securely transition to energy systems dominated by renewables, according to a new special report by the IEA. However, a new era for nuclear power is by no means guaranteed.

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Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

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Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,

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Panda Power finances conversion of retired coal plant to natural gas; one of largest power conversion projects in US

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Panda Power Funds has financed the 1,124 megawatt Panda “Hummel Station” power plant—one of the largest coal-to-natural gas power conversion projects in the United States. The plant will be located at the site of the retired Sunbury coal-fired power plant near Shamokin Dam in Snyder County, Pennsylvania.

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Study confirms €1T green hydrogen potential for Africa

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The analysis highlights the benefits of harnessing solar power to create green hydrogen in four African hubs: Mauritania, Morocco, southern Africa and Egypt. Government leaders, ministers, international finance, business partners and civil society from across Africa attended the unveiling event.

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Tesla warned by Mexican President about water shortage issues

Teslarati

Mexican President Andrés Manuel López Obrador has warned that a persistent water shortage in the country’s Northern section may inhibit production at Tesla’s potential facility in Nuevo Leon. Water is just one of the numerous materials consumed in the process of producing vehicles, but it is a vital one.

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Cornish Lithium secures £18M funding package from TechMet

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This means there is significant potential for lithium-enriched geothermal waters across the region. These waters can be accessed via boreholes drilled from the surface in to permeable geological faults at depth. By utilizing geothermal energy to power this extraction, there is the opportunity to produce zero-carbon lithium.

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