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Ekona Power closes CAD 79M Series A to advance pulsed methane pyrolysis technology for clean hydrogen production

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a Vancouver-based company that is developing a novel methane pyrolysis technology platform which produces clean and low-cost hydrogen, closed a CAD $79-million (US$62-million) Series A round. Fort Capital Partners acted as financial advisors and Blake Cassels & Graydon LLP served as legal counsel to Ekona. Ekona Power Inc.,

Hydrogen 195
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Dominion Energy & Duke Energy cancel $8B Atlantic Coast Pipeline due to delays and cost uncertainty

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Dominion Energy and Duke Energy announced the cancelation of the Atlantic Coast Pipeline (ACP) due to ongoing delays and increasing cost uncertainty which threaten the economic viability of the project. A series of legal challenges to the project’s federal and state permits has caused significant project cost increases and timing delays.

Energy 221
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Mitsubishi to invest C$2.9 billion for 40% interest in Encana Cutbank Ridge Partnership for nat gas development in Canada

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The Partnership holds about 409,000 net acres of Encana’s undeveloped Montney-formation natural gas lands in the company’s Cutbank Ridge resource play in northeast British Columbia. Mitsubishi looks forward to tapping new natural gas supplies for the long-term development and eventual delivery to world markets.

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Bank of America joins Stanford’s Global Climate & Energy Project

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Bank of America has joined Stanford University’s Global Climate & Energy Project (GCEP), a collaboration of academic and business experts that identifies and supports new avenues of research to make environmentally sustainable, low-cost energy available to everyone.

Climate 218
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Alcoa splitting into two companies; expecting 2.4x increase in automotive revenues to $1.8B in 2018

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It has a low 19 th percentile position on the global bauxite cost curve. With proximity to owned refinery operations, its mining reserves will provide a consistent supply of low-cost bauxite. Alcoa has been building its third-party bauxite business and is well-positioned to meet growing global demand.

2018 150
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House Chairmen Waxman, Markey Release Draft of Energy and Climate Legislation; Among the Many Provisions Are Cap-and-Trade, Harmonization of CAFE and California Vehicle Regulations, and Low Carbon Fuel Standard

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The bill also modifies the Clean Air Act to require the development of greenhouse gas emissions standards for all other mobile sources—e.g., Within three years of enactment, the EPA would need to determine the lifecycle greenhouse gas emissions of all transportation fuels and determine the fuel emission baseline.

Climate 186
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IEEE Discusses 6 Simple Solutions to Climate Change at COP27

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At COP27, he said that even though the first legally binding international treaty on climate change, known as the Paris Agreement , was adopted nearly a decade ago, countries have yet to come to a consensus on how to stop burning fossil fuels, among other issues. In its first stage, natural gas is burned in a turbine to make electricity.