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Could green hydrogen be key to a carbon-free economy? The $500 billion city — complete with flying taxis and robotic domestic help — is being built from scratch and will be home to a million people. And what energy product will be used both to power this city and sell to the world? Green hydrogen? Jim Robbins.
Hygreen Energy Delivers 25-Megawatt Electrolyzer System for Hydrogen Production in China Hygreen Energy, a global leader in hydrogen technology and electrolyzer manufacturing, has announced the successful delivery of a 25-megawatt electrolyzer system to Huadian Weifang Power Generation Co.,
Hygreen Energy Delivers 25-Megawatt Electrolyzer System for Hydrogen Production in China Hygreen Energy, a global leader in hydrogen technology and electrolyzer manufacturing, has announced the successful delivery of a 25-megawatt electrolyzer system to Huadian Weifang Power Generation Co.,
AI spurred clean firm power, Europe strengthened carbon markets, and emerging economies’ climate tech demand opened up. 🚗 Vertical: Energy came top in 2024 investment, up 12% to $9.4bn. Scala and Crusoe both support clean energy for data centers. Nuclear and energy storage returned to dominance.
Ministers have made the big decisions – to decarbonise the power sector by 2035, to phase out petrol and diesel vehicles, to back heat pumps for homes. Currently vague plans must be quickly pinned down for improving homeenergy efficiency for the 60% of UK households that are owner-occupiers but not in fuel poverty.
Accelerator for low-carbon hydrogen solutions welcomes seven startups. LCHA received 88 applications from 18 countries, representing numerous innovations that are advancing low-carbon hydrogen production, enhancing hydrogen storage and distribution, and providing business model innovations for the management of hydrogen supply chains.
Form Energy raised a $450M Series E for its cost-effective, multi-day energy-storage systems. American Battery Technology Company was awarded a $57M Department of Energy grant to build a $115M, first-of-kind commercial-scale facility to manufacture battery-grade lithium hydroxide from Nevada-based sedimentary resources.
In recent months, the BBC has created content for a number of oil and gas companies, including the French fossil fuel company Engie, which owns a number of coal-fired power plants and relies heavily on gas for its energy production. A screenshot of a BBC StoryWorks film from its ”Humanising Energy“ series.
The US Clean Investment Monitor published its annual report for 2023, which saw clean investment total $239bn, up 38% from 2022. Energy & industry. Weaker residential construction activity cooled the HVAC sector, and heat pump sales bore the brunt at a 16% decline compared to 2022. Happy Monday! Manufacturing.
CalWave Power Technologies , which is working to harness carbon-free power from ocean waves, was chosen by the U.S. Testing Expertise and Access to Marine Energy Research program as one of 11 projects to receive over $1.1M Department of Energy. to advance the prototype-validation stage of its xWave system.
Critics, meanwhile, have been quick to point out that the plan is thin on details around how the government intends to scale up energy efficiency improvements, boost green skills, decarbonise heavy industry, and encourage people to embrace lower carbon diets. The power sector. Guiding Principles.
How to divert energy flows from fossil to renewable using electricity and biomass Summary - Up to 20% of our energy needs could be met by sustainably harvested biomass, in particular food and agricultural waste, as well as manure. In part II we learned that the world needs 435 TWh of energy per day. Or is there?
UN backs green hydrogen as it publishes seven principles designed to guide policymakers and business leaders approach to scaling the low carbon fuel. energy sector pathway". energy sector pathway". pathways". climate scenarios, it stresses. climate scenarios, it stresses.
Latest round of reports on long-overdue energy independence plan suggest Number 10 and 11 continue to be at loggerheads over the cost of actions that could protect consumers from record energy bills.
Could green hydrogen be key to a carbon-free economy? The $500 billion city — complete with flying taxis and robotic domestic help — is being built from scratch and will be home to a million people. And what energy product will be used both to power this city and sell to the world? Green hydrogen?
UK Export Finance hails transaction as 'biggest single investment' to date in a hydrogen-focused company, as new report from Wood Mackenzie predicts demand for hydrogen will soar 223-fold by 2050. Under the terms of the deal, the firm's progress against these goals is set to be independently monitored by a third party.
Drought conditions are causing saltwater to creep into the drinking water of communities along the Mississippi River, and the DOE puts $325M toward long-duration energy storage projects. Sunak also disbanded the homeEnergy Efficiency Taskforce , created earlier this year, which was designed to hasten home insulation and boiler upgrades.
Nick Mabey, chief executive of climate and energy think tank E3G, said: "This ground-breaking report has revealed that a five-fold increase in finance is needed to get the UK on track to net-zero, rising from £10bn to £50bn a year. The Treasury must urgently set out a detailed finance plan to make it happen.
Funding M2X Energy , which develops a modular, transportable gas-to-liquids system to economically produce low-carbon methanol, raised a $40M Series B to accelerate the manufacturing and deployment of its system. APRA-E SCALEUP award to scale the manufacturing of its aerogel materials for energy-efficient windows.
for grid enhancements and $7B for hydrogen fuel hubs. Since the IRA passed, 265 clean energy and manufacturing projects worth $100B+ have been announced. Proterra, the dominant electric bus maker, was just one high profile example. 👻 Spooky season for clean energy stocks. Come on in, the water’s warm!
In his speech yesterday, Sunak extolled the virtues of the growing green economy, setting out a vision of a "future economy" dominated by offshore wind power, carbon capture and storage, innovative clean technologies, and "decent well-paid green jobs".
This new Office should take ownership of delivering the net zero agenda with oversight from both the Cabinet Office and the Department for Business, Energy and Industrial Strategy (BEIS), working closely with devolved governments, the National Audit Office, and the Climate Change Committee (CCC), among other agencies. million by 2033.
But players across the green economy were quick to point out the government's package of policies and tax changes was notably bereft of focus on three other critical 'E's that are planks of a prosperous economy: environment, energy, and efficiency. Here, BusinessGreen rounds up all of the reaction from the green economy.
Bringing together a raft of existing commitments made over the past year and a sprinkling of new targets and policies, the roadmap provides a 350-plus page deep-dive into how the government aims to deliver a more sustainable future for the transport, heating, power, building, and industrial sectors. Could the Treasury be 'starting to get it'?
Since the UNGA also occurs in the final week of September, security is high, but the climate community’s energy is higher. The risk is if they don’t get fed, folks will go home (from the market) en masse. There’s SABA for aviation, ZEMBA for maritime shipping, and a new buyers alliance for trucking.
The push to sell “blue hydrogen” as a clean energy fuel — which experts have called a misleading rebrand of fossil fuels — hit another setback this month. Climate provisions in the Inflation Reduction Act of 2022 are bringing new economic headwinds to the gas-derived hydrogen fuel’s prospects.
Commission President Ursula von der Leyen sought to press home that climate and the environment were top priorities, marking the beginnings of an ambitious green recovery plan for the EU Council to and Parliament to scrap over.
Are fats and oils the key to the aviation fuels of the future? Envirotec writes Many are betting on sustainable aviation fuels (SAF) as the pathway to meeting ambitious net zero targets in the sector, with 2040 and 2050 being oft-cited deadlines. Biodiesel production in the laboratory. What is SAF? Destined for a back seat?
In addition to celebrating the bill’s clean energy cost-cutting measures and job-creating potential, we are providing a few additional considerations and themes that are relevant to our portfolio and systems change work. airports can accommodate electrified aviation. Allume Energy , Transcend ). CarbonCure ). Nth Cycle ).
This week, we’re digging into the news that Arkansas’ southwestern Smackover Formation region could be home to between 5 and 19 million tons of lithium. In deals, $900m for pulsed magnetic inertial fusion, $100m for energy efficiency as a service, and $70m for AI precision weed control.
We’re diving into Amazon’s new deal with X-energy, where it’s paying prime for next decade delivery. In other news, the courts say that the EPA can regulate power plant emissions (for now), global EV sales drive ahead, and Brazil introduces new regulation for CCS as the sector grows. What happened?
An historic climate summit in Nairobi last week underscored the need for drastic changes in climate finance and clean energy development. Africa is home to vast thermal, wind, solar, and hydro energy resources (some 60% of the world’s renewable energy potential ) as well as mineral deposits essential for the global energy transition.
A breakthrough in next-generation geothermal, industry approval for emissions-free cement, and the start of construction on a first commercial sustainable aviation fuel (SAF) plant illustrate progress and put the focus on execution moving forward. Geologic hydrogen raises $91M and heating and cooling efficiency draws in $67M.
Accelerating the build-out of clean energy will reduce costs and make the UK more secure, write Josh Freed and Isabelle Chan of US think tank Third Way, which released a new policy paper on the topic on 29 September. For example, the UK has the Business, Energy, and Industrial Strategy Department. Why industrial strategy?
VERGE Energy Conference (VERGE 20) will take place on October 26-30, 2020. This online event can be attended from anywhere, The central theme at VERGE 20 will focus on how energy systems can be decarbonized, decentralized, digitized and democratized.
Greentown Labs 200+ startups are reinventing how our world operatesfrom how we power our homes, to how we manufacture our goods, to how we shape the built environment. Element Resources also announced it would produce more than 20,000 tons of green hydrogen annually in Lancaster, CA.
Moeve’s Transformation Towards Sustainable Energy Moeve, previously known as Cepsa , has embarked on a profound transformation in the energy landscape under its 2030 Positive Motion strategy. The rebranding signifies more than a name changeit reflects a business strategy designed for the energy demands of tomorrow.
The dark, often viscous liquid is the single biggest contributor to the world’s energy mix, at 34 per cent of consumption, followed by coal at 27 per cent and natural gas at 24 per cent. Our usage has jumped 62 per cent over the course of a few decades — up from 61.6 And can any drop in oil usage happen quickly enough? (5)
Let’s discuss the energy provisions in the bill. Before reading through the bill, I like to get a feel for the kinds of energy programs it addresses. Before reading through the bill, I like to get a feel for the kinds of energy programs it addresses. 1 billion grant program to make affordable housing more energy efficient.
A handful of new announcements from Exxon, Shell, Google, and more show how emerging clean firm technologies are scaling up to power the sector. In deals, $600m in data centers, $44 in lithium-ion energy storage and $35m in drone monitoring. What happened? Its has already signed AI cloud operator Lambda as a tenant.
In deals, $500m in renewable energy development, $30m in energy network, and $30m in solar development. Canada and Mexico dodged the baseline tariffs (for now) under USMCA, but still face separate 25% duties on steel and aluminum, and 10% duty on energy products. No short-term domestic alternative. Raises early project costs.
Responsible for nearly a third of global warming and a quarter of global energy, methane matters. In other news, the largest US asset managers leave Climate Action 100+, the EU puts up $7.4bn for renewable hydrogen infrastructure, and geothermal enjoys a hot spring of funding and project success. Not a subscriber yet?
But behind the seamless convenience of AI tools lies an insatiable appetite for energy. Data centers powering artificial intelligence consume as much electricity as entire cities, straining grids and reshaping energy landscapes. Lewis is referring to Louisianas largest incumbent utility, Entergy Corp.,
Pennsylvania Pushes to Accelerate Energy Projects with Hydrogen Tax Breaks Governor Josh Shapiro is leading a pivotal shift in Pennsylvanias energy strategy by unveiling a plan to fast-track the construction of power plants while offering substantial tax incentives for projects utilizing hydrogen and supplying electricity to the grid.
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