Energy Finance News
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Transition to Renewables Calls for New Approach to Energy Security
The transition away from fossil fuels to renewables requires a new interpretation of the concept of energy security, according to a new report by the International Renewable Energy Agency (IRENA) published this week.Geopolitics of the energy transition: Energy security outlines a multi-dimensional energy security concept for the 21st century. The systemic nature of the ongoing transition and its ...
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Water Stock News Bite - Eco Wave Power (Nasdaq: WAVE) Gains - Makes Top Ten Gainers on NASDAQ
Investorideas.com (www.investorideas.com) Water Stock News Bite - Eco Wave Power (Nasdaq Capital Market: WAVE) made the NASDAQ top ten percentage gainers in today's trading, currently trading at $4.5300 gaining $1.5200, up 50.4983%. The stock had a morning high of $4.94. Eco Wave Power is a leading onshore wave energy technology company that developed a patented, smart and cost-efficient ...
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COP28 Goal of Tripling Renewables Feasible Only with Urgent Global Course Correction
Achieving the global target set at COP28 to triple renewable power capacity by 2030 relies heavily on establishing conducive conditions for such growth. Tripling renewable power capacity by 2030 is technically feasible and economically viable, but its delivery requires determination, policy support and investment at-scale. Tracking COP28 outcomes: Tripling renewable power capacity by 2030 ...
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Biden Administration Invests $2.3 Billion in Projects to Expand Clean Power in Rural Communities
As part of President Biden's Investing in America agenda, U.S. Department of Agriculture Secretary Tom Vilsack this week (March 6) announced that USDA is moving forward on clean energy investments in 23 states to reduce pollution and strengthen rural America's power grid. The announcement includes the first five awards totaling $139 million under the Powering Affordable Clean Energy (PACE) ...
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Major Growth of Clean Energy Limited the Rise in Global Emissions in 2023
Global energy-related carbon dioxide (CO2) emissions rose less strongly in 2023 than the year before even as total energy demand growth accelerated, new IEA analysis shows, with continued expansion of solar PV, wind, nuclear power and electric cars helping the world avoid greater use of fossil fuels. Without clean energy technologies, the global increase in CO2 emissions in the last five years ...
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ENVIRIA - Germany’s leading commercial and industrial (C&I) solar company - secures capital commitment of over USD 200 million from BlackRock
ENVIRIA, Germany’s leading commercial and industrial (C&I) decentralized energy solutions provider, announced it has entered into a definitive agreement on an equity investment of over USD 200 million from BlackRock, through its Global Renewable Power IV (GRP IV) fund. The additional capital will support the expansion of the already existing 500 C&I solar projects across Germany as ...
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New Study Shows Clean Energy Transition Thrives in 2023, Boosted by Federal Policies
U.S. clean energy sectors demonstrated their resiliency in 2023, with both mature and emerging decarbonization solutions seeing growth despite higher interest rates and supply chain difficulties. This strong performance by clean energy sectors is bolstered by a suite of federal policies that provide clear market signals to invest, according to the 2024 Sustainable Energy in America Factbook ...
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Clarke Energy Australasia Grand Opening Celebrations in Adelaide
Clarke Energy Australasia, a subsidiary of the global powerhouse KOHLER Company, recently officially opened its new regional headquarters in Adelaide, South Australia. The state-of-the-art facility is a testament to the company’s position as the premier provider of power solutions across Australia, New Zealand, and the South Pacific region. On Friday, 24 November 2023, the red carpet was ...
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Siemens Energy Addresses the Shortage of U.S. Power Transformers and Invests in New Factory
Today, only 20% of U.S. large power transformer demand is met by domestic supply with lead times of up to five years. Power transformers provide the link between generation and distribution and are a crucial part of any electricity distribution network where they convert high-voltage electricity into lower voltages. Custom built and around the size of a standard school bus, power transformers are ...
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Biden Administration Announces Over $46 Million to Enhance EV Charging Reliability
The Biden-Harris Administration this week (Jan 19) announced $46.5 million for 30 projects in 16 states and Washington, D.C. to boost electric vehicle charging performance, resiliency, and reliability; support equitable access to clean transportation solutions; and grow the clean energy workforce. The number of EVs on America's roads has more than quadrupled since President Biden took office and ...
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DOE Announces Up to $70 Million to Strengthen Energy Sector Against Physical and Cyber Hazards
The U.S. Department of Energy this week (Jan 4) announced up to $70 million in funding to support research into technologies designed to increase resilience and reduce risks to energy delivery infrastructure from a variety of hazards, including cyber and physical threats, natural disasters, and climate-change fueled extreme weather events. This new competitive funding opportunity will be ...
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19 Dec, 2023 $800m Investment to Accelerate Octopus Energy’s Global Clean Energy Growth
Octopus Energy Group, the UK’s largest power supplier* and the owner of the Kraken technology platform, recently announced $800m (£625m) additional investment from its existing shareholders. This new investment values the private company at $7.8bn (£6.2bn), a 60% increase since its previous investment round in December 2021. Australian and Japanese giants Origin Energy and Tokyo Gas, one of the ...
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Financial Headwinds for Renewables Investors: What's the Way Forward?
The impressive growth in clean energy investments in recent years has been led by renewable power. Annual spending on solar PV and wind projects has risen by more than USD 300 billion in the last five years, and now accounts for one-third of the total USD 1.8 trillion that we expect to go to clean energy investments in 2023. Deployment has been driven by a virtuous circle of policy support and ...
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Biden-Harris Administration Announces Actions to Strengthen Clean Energy Supply Chains
As part of the inaugural meeting of the White House Council on Supply Chain Resilience, the U.S. Department of Energy this week (Nov 27) announced $275 million for seven projects to strengthen clean energy supply chains and accelerate domestic clean energy manufacturing in nine former coal communities across the nation. Each project positions the U.S. to enhance its global competitiveness and ...
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Biden-Harris Administration Announces $3.5 Billion to Strengthen Domestic Battery Manufacturing
This week, two years after President Biden signed the Bipartisan Infrastructure Law, the U.S. Department of Energy announced up to $3.5 billion from the Infrastructure Law to boost domestic production of advanced batteries and battery materials nationwide. As part of President Biden's Investing in America agenda, the funding will create new, retrofitted, and expanded domestic facilities for ...
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Grid-Connected Hybrid Storage Facility Using Second Life Batteries in Santa Barbara County, CA
B2U Storage Solutions, a leading provider of large-scale energy storage systems using second-life electric vehicle batteries, announced this week that the SEPV Cuyama facility has begun operations. This facility, the company's second hybrid battery storage site, is located in Santa Barbara County, CA near the community of New Cuyama. The 12MWh facility uses hundreds of EV batteries sourced from ...
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U.S. Department of Energy Invests Nearly $8.4 Million to Advance Grid-Enhancing Technologies (GETs)
The U.S. Department of Energy this week (Nov 13) selected four organizations to receive nearly $8.4 million to develop technologies that will improve grid reliability, optimize electricity infrastructure, and facilitate grid connection with renewable resources. DOE's Office of Electricity and Office of Energy Efficiency and Renewable Energy (EERE) are jointly funding these projects from DOE's ...
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Kohler Co. to Establish Energy Division as Independent Business with Platinum Equity as Majority Investment Partner, Accelerating Long-Term Growth Strategies for Both Organizations
Kohler Co. today announced the strategic decision to set Kohler Energy up as a separate, independent business with Platinum Equity engaged as the majority investment partner. Kohler will continue to stay invested in the Energy business following the closing and remains committed to supporting its upward trajectory built on a proven track record of strong performance in the global energy ...
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MN Commerce Department and Regional Grid Operators Receive $464 Million for Innovative Electric Grid
The U.S. Department of Energy (DOE) has approved $464 million to fund a joint proposal by the Minnesota Department of Commerce, Great Plains Institute and two regional electricity transmission operators, the Midcontinent Independent System Operator (MISO) and Southwest Power Pool (SPP) for DOE’s Grid Resilience and Innovation Partnerships (GRIP) program. The grant award will be used to help build ...
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The Energy World is Set to Change Significantly by 2030, Based on Today's Policy Settings Alone
Major shifts underway today are set to result in a considerably different global energy system by the end of this decade, according to the IEA's new World Energy Outlook 2023. The phenomenal rise of clean energy technologies such as solar, wind, electric cars and heat pumps is reshaping how we power everything from factories and vehicles to home appliances and heating systems. The latest edition ...
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