Category: Energy
A.P. Moller-Maersk (Maersk) announced that the company has signed a MOU with Shanghai International Port Group (SIPG) on strategic cooperation for Shanghai Port methanol marine fuel project. The two parties...
The European Investment Bank (EIB) has agreed to lend €450 million to Redes Energéticas Nacionais SGPS, S.A. (REN) to finance renewable energy connections and the reinforcement and upgrading of the...
The Change Lessens Environmental Impact of Corporate Field Team Members Who Travel More Than 1,500 Miles On Average Each Month Burger King transitioned 31% of its North American field team fleet...
PowerCo, the new battery company of the Volkswagen Group, and Belgian circular technology group Umicore have obtained full regulatory approvals for their joint venture announced in September 2022. The partners...
Japan’s third-biggest oil refiner, Cosmo Energy Holdings Co Ltd, will make an investment of $3.2 billion in the next three years, with 30% to be allocated in green power and...
Yesterday’s final investment decision clears the way for the start of construction of EnBW’s largest offshore wind farm to date, with an installed capacity of 960 megawatts (MW). “The final...
Nestlé in the U.S. announced it is investing in Ganado, a solar project owned and developed by Enel North America in Jackson County, Texas. With Nestlé’s investment, the project, which is the...
240 MW True North is AVANGRID’s first solar farm in the state The project will supply clean, renewable energy to power Meta’s operations in the region AVANGRID, a leading sustainable...
Tesla is now a blue chip stock from a corporate debt perspective after Moody’s Investors Service upgraded the EV maker’s credit rating from junk status to investment-grade quality. Moody’s analysts...
GE announced it has secured an order from Greek Copelouzos Group’s Damco Energy S.A. (DAMCO) to provide power generation equipment for DAMCO’s 840 megawatts (MW) natural gas fired power plant to be...
New agreement ensures access to zero-up-front-cost, clean energy systems for homeowners across California Electriq Power (Electriq), a provider of intelligent energy storage and management for homes and small businesses, announced it...
Malaysia’s Petronas has bid 38 billion rupees ($460 million) for a 20% stake in the green energy arm of India’s largest power producer, NTPC, in the first deal of its...
Scottish Power, an Iberdrola group company, and Haizea Wind Group, a world leader in the manufacture of wind towers, have signed a framework agreement worth over €200 million for Haizea Bilbao to supply...
Shell plc has published its Energy Transition Progress Report 2022, which shows it has again met its climate targets as part of its energy transition strategy. The report will be...
Funding from President Biden’s Bipartisan Infrastructure Law Will Advance Electrolysis Technology, Reduce the Cost of Clean Hydrogen and Fuel Cells, and Provide Long-term Support for Hydrogen Hubs The Biden-Harris Administration,...
Texas True North and Ohio Powell Creek Solar Farms Will Generate 523.5 MW of Clean Power to These StatesThe Projects Will Add to the Company’s 8.6 GW Portfolio of Renewable Energy AVANGRID, a leading...
MUFG leads approximately $75 million in Green Loan construction financing; Wells Fargo provides tax equity commitment of approximately $105 million for 200 MWac solar project in Frio County, Texas Leeward...
Corteva Inc., Bunge and Chevron U.S.A. Inc., a subsidiary of Chevron Corporation, announced a commercial collaboration to introduce proprietary winter canola hybrids that produce plant-based oil with a lower carbon...
The EU Commission has proposed to reform the EU’s electricity market design to accelerate a surge in renewables and the phase-out of gas, make consumer bills less dependent on volatile fossil fuel prices, better protect...
The European Investment Bank Group (EIBG) has signed a new contract with the Greek state for technical assistance from the banks’ Advisory Hub which will help facilitate crucial investments to...
The Commission welcomes the provisional agreement reached this morning with the European Parliament and the Council to reform and strengthen the EU Energy Efficiency Directive. This deal marks a further step in...
New Memorandum of Understanding Supports Reliability of Nation’s Power System as Energy Sector Invests in Clean Energy Opportunities The U.S. Department of Energy (DOE) and U.S. Environmental Protection Agency (EPA)...
Mitsubishi Motors Corp plans for hybrid and battery electric vehicles to account for all new car sales by the middle of the next decade, beefing up its electrification strategy for staying...
Purolator announced it expects to invest approximately $1 billion to electrify its Canadian network over the next seven years. This includes a plan to purchase more than 3,500 fully electric...
Company Applying Innovation to Power Heavy-Duty Diesel Engines with Renewable Fuels Chicago-based ClearFlame Engine Technologies has raised $30 million in Series B funding to bring to market innovative solutions that power heavy-duty...
Funding from President Biden’s Clean Energy Plan Will Create New Economic Opportunities Across the Nation and Bolster American Industrial Leadership Globally The Biden-Harris Administration, through the U.S. Department of Energy...
The OPEC Fund for International Development (the OPEC Fund) is providing a US$25 million loan in support of the Niger Solar Plant Development and Electricity Access Improvement Project (RANAA), which...
The World Bank’s Board of Executive Directors approved financing support in the amount of $12 million for the Scaling Solar 2 Project for Uzbekistan. The Project will help expand the country’s capacity...
From today, HVOlution, the biofuel produced at Venice and Gela Eni’s bio-refineries, will be used by 150 vehicles from the Spinelli Group’s fleet Eni Sustainable Mobility and the Spinelli Group,...
TotalEnergies is developing its renewable activities in Poland by acquiring the country’s main biogas producer, Polska Grupa Biogazowa (PGB), and a 200-megawatt (MW) development pipeline of solar projects. Poland, Europe’s...
The European Investment Bank (EIB), Crédit Agricole Corporate and Investment Bank Milan branch (Crédit Agricole CIB), Natixis Corporate and Investment Banking (Natixis CIB) and Reden have closed a project finance operation...
The European Investment Bank (EIB) has signed a €55 million green loan for a joint venture between Iberdrola (75%) and Caja Rural de Soria (25%) which will be used to build...
Iberdrola and bp signed a strategic alliance to accelerate the energy transition in sustainable mobility. The companies, which announced their intention to form a joint venture in July 2022, plan to invest €1 billion...
York and Norwich set to become the UK’s first bus depots outside of London to run fully electric fleets • Four First Bus depots benefit from boosted joint investment in electric fleet • First...
GE Renewable Energy announced that it has been selected by Inikti as the supplier for the Otada wind farm in Lithuania, located near Sakiai city in the south west of...
Marubeni Corporation signed a MOU with the Public Investment Fund (“PIF”), one of the world’s largest and most impactful sovereign wealth funds, to set out a framework for the development...
The Biden-Harris Administration is making $250 million available to develop innovative strategies to cut climate pollution and build clean energy economies. These planning grants, through the U.S. Environmental Protection Agency...
EDP is scaling up its ambition to lead the energy transition by pushing even further its investment plan and targets in the updated Business Plan 23-26, which will be presented...
DOE Announces Initial Funding for New $1 Billion Bipartisan Infrastructure Law Program to Improve Energy Systems in Areas with Less Than 10,000 People The Biden-Harris Administration, through the U.S. Department...
bp pulse, one of the leading rapid and ultra-fast public EV charging networks in the UK and APCOA Parking Group, the UK’s leading provider of tailored parking solutions with an...
The European Investment Bank. the world’s largest multilateral bank and leading global financier of renewable energy, will strengthen support for green hydrogen investment in Kenya. Thomas Östros, European Investment Bank...
Divert plans infrastructure expansion across North America to decarbonize the food value chain and combat climate change. Divert Inc., a leading impact technology company on a mission to Protect the...
The United States Postal Service awarded contracts for 9,250 commercially available left-hand drive (LHD) battery electric vehicles (BEVs) as well as initial orders for more than 14,000 charging stations to...
The BMW Group is presenting international media representatives with the first vehicles in a pilot fleet that will go into service this year. After four years of development work, the...
bp launched the green hydrogen cluster of the Valencia region (HyVal) at its Castellón refinery. Led by bp, this public-private collaborative initiative is intended to be based around the phased...
Solar panels, battery energy storage extend century-old ties between global critical infrastructure leader, renowned university More than a century since two University of Kansas engineering graduates launched Black & Veatch,...
The European Commission has found Hungary’s €89.6 million measure in favour of Samsung SDI to be in line with EU State aid rules. The investment aid will support the expansion...
The U.S. Department of State, The Rockefeller Foundation, and the Bezos Earth Fund held the first meeting of the High-Level Consultative Group (HLCG) providing input on the design of the...
Supports Li-Cycle’s Rochester Hub, which is expected to be the first source of recycled battery-grade lithium in North America First support from DOE ATVM Program for a resource recovery facility...
Essar Group, invested in Energy, Metals and Mining, Infrastructure and Technology sectors, announces the formation of Essar Energy Transition to drive the creation of the UK’s leading energy transition hub...
Nissan is now using two battery electric vehicle (BEV) heavy-duty, Class 8 trucks to deliver new vehicles from the Port of Los Angeles to dealerships in the Los Angeles region....
Eni Sustainable Mobility and Saipem have signed a MoU with the aim of employing biofuels on Saipem’s drilling and construction naval vessels, with particular attention to operations in the Mediterranean...
TotalEnergies has signed Corporate Power Purchase Agreements with Sasol South Africa and Air Liquide Large Industries South Africa for the supply of 260 MW capacity of renewable electricity over 20...
Indonesia on Wednesday launched the first phase of mandatory carbon trading for coal power plants, part of efforts by Southeast Asia’s biggest economy to boost renewable energy and achieve net...
The European Investment Bank (EIB) and Joo Group, company that develops and manages rental properties in urban areas in Finland, have signed a new €100 million green loan agreement to...
The U.S. Department of Energy (DOE) announced new investments to secure U.S. leadership in floating offshore wind development by advancing offshore wind transmission planning, research and technology, and partnerships. These...
Cepsa and ACE Terminal have signed a MoU by which the Spanish energy company will supply green ammonia to the planned import terminal in the port of Rotterdam, for end use applications...
UK green hydrogen pioneer GeoPura has received £36m investment from global industry leaders, with the round led by GM Ventures, the investment arm of General Motors, and co-led by Barclays Sustainable Impact...
The European Investment Bank (EIB) has agreed to provide a €40 million 10-year loan to Motor Oil, cofinancing its new investment to develop an extensive network of EV charging and...
China has launched a national wind and solar resources climate prediction model to enable provincial authorities to forecast energy demand and supply, the central government said on Friday. The model,...
Eni Sustainable Mobility and PBF Energy Inc. announced they have entered into definitive agreements to partner in a 50-50 joint venture, St. Bernard Renewables LLC (SBR), for the biorefinery currently under...
TotalEnergies and Corio Generation, two of the world’s leading offshore wind and renewable energy developers, have signed a joint venture partnership to develop the Formosa 3 offshore windfarms in Taiwan. Under this...
India will exclude renewable power companies from government contracts for between three and five years if they do not meet project completion deadlines, a government order seen by Reuters shows,...
The European Investment Bank (EIB) has granted, with InvestEU support, a €50 million loan to Asja Ambiente Italia to co-finance the construction of nine photovoltaic and wind power plants in...
DOE and DOT Announce $7 Million for New Projects to Accelerate Decarbonization of Medium- and Heavy-Duty Freight Transportation, Releases Funding Notice of Intent to Increase Accessibility and Functionality of EV...
bp took another step toward delivering on its transformation to an integrated energy company by announcing plans to invest $1 billion by 2030 into electric vehicle charge points across the...
The Board of Directors of the European Investment Bank (EIB) has approved €5.5 billion of new financing to support new green energy, business, transport, health and education across Europe and...
New Jersey Governor Phil Murphy on Wednesday signed executive orders aimed at accelerating the state’s move to clean energy by 15 years, including electrifying buildings and transportation and planning for...
First-of-its-kind purchase helps scale new, high-impact projects in Brazil, India, sub-Saharan Africa, and Southeast Asia that advance a just and inclusive energy transition Eight-year contract enables Salesforce to maintain its...
The European Commission has approved, under EU State aid rules, a €170 million Danish scheme to support the production of renewable hydrogen through Power-to-X (‘PtX’) technologies. The measure aims to...
The increased share of renewable electricity in production is one of the key contributors to why the total IKEA climate footprint decreased by 5% in absolute terms in FY22, compared...
GE Renewable Energy announced that is has been selected by German company wpd to supply 16 onshore wind turbines to three wind farms to be built in Landkreis Uelzen, Niedersachsen,...
The European Investment Bank (EIB) and Iberdrola have signed a new agreement to accelerate Italy’s energy transition by developing new renewable energy plants. The EU Bank has granted a €150 million green loan for...
Iberdrola, the world’s largest producer of renewable energy, announced that it has been awarded its first floating solar power plant in France, with a total capacity of 25 megawatts peak (MWp), in...
The Commission has proposed detailed rules to define what constitutes renewable hydrogen in the EU, with the adoption of two Delegated Acts required under the Renewable Energy Directive. These Acts are...
The European Commission has approved, under EU State aid rules, a €2.08 billion French measure to support offshore wind electricity production in France. The measure will contribute to achieving France’s...
DOE’s First Ever Agency-Related Foundation Will Accelerate the Development of New Clean Energy Technologies, Help Communities Unlock the Benefits of a Clean Energy Future The U.S. Department of Energy (DOE)...
Matrix Renewables, the TPG Rise-backed global renewable energy platform, and BBVA have announced the closing of €40 million in sustainable financing to begin the construction of two solar plants, Zaratán and...
The Home Depot is partnering with DSD Renewables (DSD) to install 13 megawatts of solar power on the rooftops at 25 store locations in California. This is a part of...
Comcast announced the issuance of a $1 billion 10-year green bond, offering investors the opportunity to support environmental efforts such as those currently underway or under consideration as part of...
Today in Mumbai Kris Peeters, Vice-President of the European Investment Bank (EIB), the bank of the European Union, formally agreed to join the India Hydrogen Alliance (IH2A) and increase support...
New loan option enables consumers to finance electric vehicles and chargers together Bank of America announced that it will offer consumers the option of financing their residential electric vehicle chargers...
EverWind Fuels, Point Tupper, Nova Scotia, Canada (CNW Group/EverWind Fuels Company) EverWind Fuels Company has received Environmental Approval for the initial phase of its $6 billion, 1 million tonnes per annum...
The Department for Energy Security and Net Zero will provide dedicated leadership focused on delivering security of energy supply, ensuring properly functioning markets, greater energy efficiency and seizing the opportunities...
Pluglink, an electric vehicle charging platform, announced on the 7th that it signed an investment agreement with KDB KIAMCO, the largest alternative asset manager in Korea, for a total of KRW...
The BMW Group is accelerating its ramp-up of e-mobility and poised to gain even more momentum with its next vehicle generation, the NEUE KLASSE. The share of 50 percent of...
GE Digital, an energy software leader, announced the world’s first end-to-end software portfolio, GridOS, built specifically for grid orchestration. Designed to modernize and transform the electric grid into the clean...
Goldman Sachs Asset Management, through its infrastructure investing business has established Verdalia Bioenergy, a new business focused on developing, acquiring, building and operating biomethane plants across Europe. The investment will...
Linde announced that it has signed a long-term agreement to supply clean hydrogen and other industrial gases to OCI’s new world-scale blue ammonia plant in Beaumont, Texas. Linde will build,...
RWE is taking big steps towards expanding its solar business in Europe. The company has started construction works on a 92-megawatt ac (MWac) ground-mounted photovoltaic project in Andalucia in the...
“We are delighted to explore cooperation opportunities with HH2E, as it is another step forward in our hydrogen strategy and will enable us to drive the structural change in our...
Sumitomo Corp and Chile power supplier Colbun have agreed to collaborate in production of green hydrogen and ammonia, the Japanese company said on Friday. The memorandum of understanding focuses on green...
The governing board of the Climate Investment Funds (CIF) endorsed a wide-ranging investment plan to fast-track the transformation of Colombia’s energy system and help enable its grid system to absorb...
The European Investment Bank Group signed a record amount in new financing for renewables, efficiency, storage and grids in 2022, highlighting the EU bank’s unwavering commitment to ensure access to...
TotalEnergies and Air Liquide announce their decision to create an equally owned joint venture to develop a network of hydrogen stations, geared towards heavy duty vehicles on major European road...
The World Bank has signed an agreement with four West and Central African nations worth $311 million to fund renewable energy projects. The funds will finance around 106 megawatts (MW)...
TotalEnergies has started up commercial operation of a 51-megawatt (MW) solar power plant located in Tsu, Mie Prefecture, Japan. The plant, connected to the electricity distribution grid, will supply its...
Ingka Group, the owner of most IKEA stores globally, will take a 15% stake in a A$2 billion ($1.4 billion) wind farm in its first renewable-energy investment in Australia as...
The company’s renewable energy portfolio now totals more than 20 GW and will generate enough clean energy to power 5.3 million homes in the U.S. Amazon’s renewable energy purchases last...
The SEFA grant will support the creation of an enabling environment for Electric vehicles (EVs), the design of EV business models and guidelines for the public and private sector The...
