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"Listening to the Candidates Debate" Climate Change (Opinions, Editorials & Asides)
Climate Change
Date: 2020-03-04
"Invest in sustainable, resilient infrastructure to meet the energy demands of the 21st century. Set aggressive sector-specific standards to rapidly decarbonize across every sector of our economy. Encourage our farmers to adopt climate-friendly sustainable agriculture practices. Conserve our public lands and make them part of the climate solution. Craft international economic policies that encourage countries around the world to reduce emissions." -- Sen. Elizabeth Warren, U.S. senator from Massachusetts since 2013 and former law school professor specializing in bankruptcy law.

"Commit to reducing emissions throughout the world, including providing $200 billion to the Green Climate Fund, rejoining the Paris Agreement, and reasserting the United States' leadership in the global fight against climate change. Transform our energy system to 100 percent renewable energy and create 20 million jobs needed to solve the climate crisis." -- Sen. Bernie Sanders, 16 years as Vermont's congress member in the House of Representatives.

"Restore America's leadership in fighting the global climate crisis and propel the U.S. toward a 100 pct clean energy future while making environmental justice a national priority. Ensure 100 pct of new vehicles are pollution-free by 2035, 'green' our buildings and invest in projects to reduce and protect against climate impacts, including wildfires." -- Michael Bloomberg, NY business tycoon, philanthropist and three term mayor of New York City.

"We must turbocharge our efforts to address climate change and ensure that every American has access to clean drinking water, clean air, and an environment free from pollutants. Reduce greenhouse emissions and speed the transition to low-carbon shipping aviation and electric cars." -- Joe Biden, Former senator from Delaware and two-term Vice President under President Barak Obama.

The above talking points are sourced from each candidate's website. Each candidate's position is posted in no particular order of preference and no endorsement for any candidate is intended.

More Low-Carbon Energy News Climate Change,  


US Renewable Fuel Prices Up With RFS "Hardship Waiver" Program Announcement (Ind. Report)
Renewable Fuel
Date: 2020-02-28
Reuters is reporting U.S. renewable fuel prices were up by 25 pct the week following a Bloomberg reports that the Trump administration has decided to cut back on "hardship waiver" exemptions for oil refineries from the renewable fuel standard biofuel blending laws.

Following the Bloomberg report, renewable fuel credits for 2019 traded at 35 cents each , up 7 cents while credits for 2020 traded at 40 cents each.

As previously noted, "hardship waivers" were intended for refineries producing 75,000 bpd or less and suffered "disproportionate economic hardship" from the costs of RFS compliance. The waiver frees the refineries from an obligation to provide the EPA with biofuels credits proving compliance. Under the now vanquished administrator Greg Pruitt's direction, the EPA handed out 54 exemptions over two years and not a single request for an exemption was denied.Under the U.S. Renewable Fuel Standard, the nation's oil refineries are required to blend billions of gallons of biofuels such as ethanol into the fuel or buy credits from those that do. But the EPA can waive their obligations if they prove compliance would cause them financial distress.

(Source: Various Media, Successful Farming, Reuters, 26 Feb., 2020)

More Low-Carbon Energy News Renewable Fuel Standard,  RFS,  "Hardship" Waiver,  


Neste SAF Aviation Fuels Available in Zurich (Int'l. Report)
SAF Aviation Fuels
Date: 2020-01-20
Reporting from Switzerland, a coalition of groups representing business jet operators, manufacturers and fuel suppliers has announced private jet airplanes departing this week's World Economic Forum in Davos will be able to fuel their planes with sustainable aviation fuel (SAF) at Zurich airport.

Neste, the world's largest producer of renewable diesel and renewable jet fuel refined from waste and residues, will deliver the SAF to Zurich Airport. It will be the first time SAF will be available in Switzerland.

This SAF jet fuel initiative comes with an offsetting plan. Business-jet operators using conventional fuel at airports in or around New York, Boston and Washington where the SAF variety isn't available can opt for an equivalent amount to be used on flights leaving from Van Nuys airport near Los Angeles, according to the statement. (Source: Neste, Yahoo Canada, Bloomberg, 20 Jan., 2020) Contact; Neste, +358 10 458 4128, www.neste.com

More Low-Carbon Energy News Neste,  SAF Aviation Fuels,  


ADM Reconsidering Biofuels Business Future (Ind. Report)
Archer Daniels Midland
Date: 2020-01-15
Following on our August 7, 2019 coverage, it is being widely reported that Chicago-headquartered agri-business giant and biofuel pioneer Archer Daniels Midland (ADM), which lost $26 million in its bioproducts in Q2, 2019, is considering its options in the biofuels sector.

According to Bloomberg, the company is in discussions with multiple industry players on a deal that could see a sale or joint venture for ADM's ethanol dry mills. (Source: ADM, Bloomberg, NewsDakota, 13 Jan., 2020)Contact: ADM, Juan Luciano, Pres., CEO, (312) 634-8100, Collin Benson, VP Bioactives, Jackie Anderson, ADM Media, (217) 424-5413, www.adm.com[

More Low-Carbon Energy News ADM,  Archer Daniels Midland,  EthanolBiofuel,  


Valero Shuts Down Two Corn Ethanol Plants (Ind. Report)
Valero Energy
Date: 2019-11-08
San Antonio-headquartere Valero Energy Corp., the second-largest U.S. oil processor by capacity, is reporting the temporary shutdown of its corn ethanol production facilities in Riga, Michigan and Bluffton, Indiana, due to "weak margins" and "market conditions". The plants will resume production "as soon as favorable economic conditions exit", according to the company's website. (Source: Valero Energy Corp., Bloomberg, 7 Nov., 2019) Contact: Valero Renewable Fuels, Joe Gorder, Pres., (800) 324-8464, www.valero.com

More Low-Carbon Energy News Valero Energy,  Ethanol,  


EIB Set to Limit Fossil Fuels Financing (Int'l. Report)
European Investment Bank
Date: 2019-10-16
The 28-member European Union's Luxembourg-based European Investment Bank (EIB) reports it is poised to limit funding for fossil fuels and increase support for renewable, clean energy projects as part of it climate change plan. The move to support renewables is reportedly being pushed by Ursula von der Leyen, the incoming president of the European Commission, who wants the EIB to become a "climate bank" and help unlock €1 trillion ($1.1 trillion) to shift the economy toward cleaner forms of energy. Von der Leyen is also calling for the EU to deepen its current target to cut emissions by at least 40 pct by 2030 from 1990 levels.

In 2018, the EIB invested over €16 billion in climate-action projects. (Source: EIB, Bloomberg, 15 Oct., 2019)Contact: European Investment Bank, www.eib.org

More Low-Carbon Energy News Renewable Energy,  Clean EnergyEuropean Investment Bank ,  


RWE Aiming for Climate Neutrality by 2040 (Int'l. Report)
RWE AG
Date: 2019-10-02
Bloomberg is reporting the German utility giant RWE AG is aiming to cut carbon emissions by 70 pct by 2030 compared with 2012 levels and become climate neutral by 2040.

To that end, the utility is decommissioning its last remaining coal-fired power plant in the UK next year, converting two other coal-fired power plants in the Netherlands into biomass facilities, and shuttering six remaining German coal-fired power plants by 2038. (Source: RWE AG, Carbon Brief, 1 Oct., 2019) Contact: RWE AG, Rolf Martin Schmitz, CEO, www.rwe.com

More Low-Carbon Energy News RWE AG,  Coal,  Carbon Emissions,  Carbon Neutral,  


Trump Ups RFS Biofuels Quota to Placate Farm States (Ind Report)
Trump. EPA
Date: 2019-08-26
Bloomberg is reporting President "The Donald" Trump, seeking to avoid political fallout in U.S. farm states essential to his re-election, last week ordered federal agencies to change, or simply rescind, many of the 80 or more recently issued "hardship" waivers relieving some oil refineries of requirements to use biofuel such as corn-based ethanol.

Trump and his team have since apparently decided they wouldn't, or couldn't make changes to just-issued waivers without risking the wrath of the oil companies, which may also be crucial to his reelection plans. And so, to resolve his self inflicted predicament, Trump has ordered a boost in biofuels quotes to make up for expected exemptions beginning in 2021. In other wards, The Donald is trying to cover his political butt while siding with the farmers and at the same time ignoring his previous commitments to the ethanol sector.

As previously noted, "hardship" waivers were intended for refineries producing 75,000 bpd or less and suffered "disproportionate economic hardship" from the costs of RFS compliance. The waiver frees the refineries from an obligation to provide the EPA with biofuels credits proving compliance. Under the now vanquished administrator Greg Pruitt's direction, the EPA handed out 54 exemptions over two years and not a single request for an exemption was denied. (Source: Bloomberg, 26 Aug., 2019)

More Low-Carbon Energy News Trump,  EPA,  RFS,  "Hardship" Waiver,  


Norwegian Startup Plans $4.5Bn Nordic Battery Hub (Int'l. Report)
Freyr AS
Date: 2019-08-19
Norwegian startup battery specialist Freyr AS is reporting plans to construct Europe's first battery gigafactories in the municipality of Rana in northern Norway at an initial cost of 40 billion-krone ($4.5 billion).

The company also plans to construct a 600-MW wind farm which is projected to cut the gigafactory's energy costs by 24 pct.

Freyr is presently in a fund raising and permitting mode and has received a €7.25 million ($8.1 million) investment from EIT InnoEnergy. The company aims to raise as much as €25 million in additional funding within the next 12 months. Subject to funding and permitting success, production would start in 2023. (Source: Freyr AS, Bloomberg, Aug., 2019) Contact: Freyr AS, info@freyrbattery.com, www.freyrbattery.no

More Low-Carbon Energy News Freyr AS,  Battery,  Energy Storage,  


Wells Fargo Touts 2018 Sustainable Financing Record (Ind. Report)
Wells Fargo
Date: 2019-08-16
Denver-headquartered banking giant Wells Fargo & Company reports it provided $23 billion in financing for sustainable energy and related projects 2018, 63 pct of which went toward renewable energy, clean technologies, green buildings and other low-carbon solutions. The company also "played a role" in the Global Climate Action Summit and Bloomberg's Sustainable Business Summit, and became a founding member of the US Sustainable Finance Alliance, according to its sustainability report.

Wells Fargo claims it has cut its greenhouse gas emissions by 45 pct and has met its 100 pct global electricity needs with renewable energy since 2017. (Source: Wells Fargo, environmental LEADER, 16 Aug., 2019)

More Low-Carbon Energy News Wells Fargo,  Sustainable Energy,  Renewable Energy,  Energy Efficiency,  


China's CO2 Emissions Taper Off by 2030, says Bloomberg NEF (Int'l)
Bloomberg NEF
Date: 2019-07-15
According to Bloomberg New Energy Finance (NEF), Bloomberg's primary research service on energy, China's power sector carbon emissions will peak in 2027, down to 79 pct of that in 2005 by around 2030 to easily fulfill fulfilling the sector's carbon reduction commitments within the Paris Climate Agreement.

In 2050, carbon emission intensity or energy expenditure per unit of GDP in China's power sector, will decline to 5 pct of that in 2005, the Bloomberg report says. (Source: Bloomberg, China Daily, 10 July, 2019)

More Low-Carbon Energy News China Carbon Emissions,  Climate Change,  


Brookfield Considering Suzlon Energy Acquisition (M&A, Int'l.)
Brookfield Asset Management,Suzlon Energy
Date: 2019-07-12
Bloomberg is reporting Toronto-based investment firm Brookfield Asset Management Inc. is considering and undertaking due diligence for the acquisition of a majority stake in Hyderabad, India-headquartered wind turbine manufacturer Suzlon Energy Ltd.

To that end, Brookfield is reportedly in discussions with Suzlon's creditors and may purchase new shares issued by the company, followed by purchasing stocks from the existing holders under an open offer. (Source: Brookfield, Bloomberg, liveMint, 11 July, 2019) Contact: Brookfield Asset Management, (416) 363-9491, www.brookfield.com; Suzlon Group, J.P. Chalasani, CEO, +91 20 670 22000, info@suzlon.com, www.suzlon.com

More Low-Carbon Energy News Suzlon Energy,  Wind,  Brookfield Asset Management,  


BP, Bunge Considering Brazilian Ethanol JV (Int'l Report)
Bunge,BP
Date: 2019-07-10
Bloomberg is reporting UK oil giant BP and White Plains, NY-based agribusiness major and ethanol producer Bunge Ltd. are in preliminary discussions on a possible sugar and ethanol joint venture in Brazil -- a major sugar and ethanol producing country.

BP has been producing ethanol in Brazil since 2008 with three mills . Bunge has eight mills with capacity to process 22 million tons. (Source: Bloomberg, 19 July, 2019) Contact: Bunge Ltd, (914) 684-2800, www.bunge.com

More Low-Carbon Energy News Bunge,  BP,  Ethanol,  Brazil Ethanol,  


Wind, Solar Expected to Generate Half of World's Electricity by 2050, says BloombergNEF Report (Ind. Report)
BloombergNEF
Date: 2019-07-03
According to a new report from BloombergNEF, solar, wind, and battery energy storage will enable the power sector to "meet its share of emission cuts required under the Paris climate agreement, at least until 2030" by which time the demand for electric power will increase 62 pct. The world will get about half of its electricity from solar, wind, and battery storage by 2050, the report notes. By 2050, solar and wind will supply almost one half of the world's electricity, with hydro, nuclear and other renewable energy resources providing another 21 pct with geothermal, tidal, hydrogen and others filling the balance, according to BNEF. (Source: BloombergNEF, Utilities, 23 June, 2019)

More Low-Carbon Energy News Renewable Energy,  BloombergNEF,  


Ellomay Closes on 300MW Spanish PV Plant Financing (Int'l)
Ellomay
Date: 2019-05-03
Israel-based Ellomay Capital reports it has closed on the project financing for construction of Talasol Solar's 300 MW photovoltaic plant in the municipality of Talaván, in Extramadura, Spain. The company has also closed the sale of 49 pct of its indirect holdings in the project company,

Ellomay expects the Talasol Project's total capital expenditure to be approximately €228 million of which an aggregate amount of approximately €131 million is to be provided by a term loan under the project finance obtained by Talasol from Rabobank, ABN AMRO and Deutsche Bank and the European Investment Bank. (Source: Ellomay, COMPELO, 2 May, 2019) Contact: Ellomay Capital, www.ellomay.com; Talasol Solar, www.bloomberg.com/profiles/companies/1507005D:SM-talasol-solar-sl

More Low-Carbon Energy News Solar,  PV,  Ellomay,  


BNEF Touts CarbonCure as 2019 New Energy Pioneer (Ind. Report)
CarbonCure
Date: 2019-03-27
In a press release, Halifax-headquartered CarbonCure Technologies Inc. , a leader in the utilization of captured CO2 in concrete production, reports it has been named a New Energy Pioneer by Bloomberg New Energy Finance (BNEF). The New Energy Pioneers program is sponsored by BNEF and Cycle Capital Management.

This year's 10 winning companies were selected from more than 185 applicants from 35 countries, and reviewed by an independent panel of industry experts. Candidates were evaluated based on their company's potential scale and global impact, their level of innovation and the momentum their business has gained within their market.

CarbonCure's scalable clean technology is now available in more than 130 concrete plants in North America and Asia. The CarbonCure Technology allows concrete producers and governments to meet their climate goals without capital expenditure, and to generate new cost efficiencies and infrastructure improvements—truly a win-win solution.

Carbon Capture and Utilization (CCU) technology deployed in the concrete industry is a $400 billion market opportunity, and has the potential to reduce up to 1.4 gigatonnes of annual CO2 emissions by 2030, according to the Global CO2 Initiative. (Source: CarbonCure, PR, 27 Mar., 2019) Contact: CarbonCure Technologies, Robert Niven, CEO, (902) 442-4020, info@carboncure.com, www.carboncure.com

More Low-Carbon Energy News CarbonCure ,  Concrete,  CO2,  


VW Plans Internal Carbon Levy, Carbon-Neutral Production (Int'l)
Volkswagen
Date: 2019-02-18
German auto juggernaut Volkswagen reports it plans to introduce an emplyee incentives plan and an internal CO2 levy as part of its effort to reduce the company's carbon footprint and carbon emissions. The internal levy would be set on the use of electricity, heat and fuel, and the carbon pollution from flights will have to be compensated.

The company also notes that its first electric car, the ID, will be "CO2 neutral throughout the entire life cycle," including all manufacturing. The electric car is expected to go into production at the end of this year. At the end of last year, Volkswagen announced that it will convert several production sites into pure e-car factories and will invest over €40 billion in future technologies in the next years.

"The Volkswagen Group will be a climate-neutral company by 2050 at the latest," according to Volkswagen CEO Herbert Diess. (Source: VW, Der Spiegel, Electrek, Bloomberg, Feb., 2019)

More Low-Carbon Energy News Volkswagen ,  Carbon Emissions,  


Running of Not? Notable Quote
Michael Bloomberg
Date: 2019-01-30
"Whether I run for president (in 2020) or not, I will work to ensure that fighting climate change, and spurring economic development in areas that have depended on fossil fuels, is a top priority for the Democratic nominee." -- Former NYC mayor Michael Bloomberg, a billionaire business tycoon and philanthropist, Republican-turned-independent who returned to the Democratic fold in 2018. Contact: Michael Bloomberg, Bloomberg Philanthropies Foundation, www.bloomberg.org

More Low-Carbon Energy News Michael Bloomberg,  


CarbonCure Among 2019 Global Cleantech 100 Again (Ind. Report)
CarbonCure,NRG COSIA Carbon XPRIZE
Date: 2019-01-30
For the fourth consecutive year, Halifax, Nova Scotia-headquartered CarbonCure Technologies, a company leading a mission to reduce the carbon footprint of the concrete industry, has been named in the 2019 Global Cleantech 100, an annual guide to the leading companies and themes in sustainable innovation.

The CLeantech 100 features the private, independent, for-profit companies best positioned to solve tomorrow's clean technology challenges. This year marks the 10th edition of the list.

Concrete is the second most abundant man-made material in the world, and cement, its key ingredient, is responsible for an estimated 7 pct of global CO2 emissions. CarbonCure's proprietary technology uses recycled CO2 to improve the manufacturing process of concrete, while reducing the carbon footprint of the resulting concrete products.

CarbonCure is a recognized leader in the global CO2 Capture and Utilization (CCU) industry, estimated to be valued at $1 trillion by 2030. The CarbonCure Technology is being used by more than 100 concrete producers across North America to reduce concrete's carbon footprint, create new production cost savings and gain a competitive sales advantage. The company is a recognized leader in the growing industry of CO2-utilization, which is expected to reduce global greenhouse gas emissions by 15% by 2030. CarbonCure is also one of 10 finalists in the $20 million NRG COSIA Carbon XPRIZE challenge, and is a portfolio company of Breakthrough Energy Ventures, which is backed by Bill Gates, Vinod Khosla, Sir Richard Branson, Jeff Bazos, Michael Bloomberg and other business leaders. (Source: CarbonCure Technologies, PR, 29 Jan., 2019) Contact: CarbonCure Technologies, Robert Niven, CEO, (902) 442-4020, info@carboncure.com, www.carboncure.com; NRG COSIA Carbon XPRIZE, www.carbon.xprize.org; Breakthrough Energy Ventures, www.b-t.energy/ventures

More Low-Carbon Energy News Breakthrough Energy Ventures,  CarbonCure,  NRG COSIA Carbon XPRIZE,  


Mass. Gov. Proposes Real Estate Excise Tax to Fight Climate Change (Reg. & Leg., Ind. Report)
Climate Change
Date: 2019-01-21
In the Bay State, Republican Governor Charlie Baker has announced that, as part of his FY 2020 budget, he would propose an increase in the real estate excise tax and apply a portion of the approximate $137 million tax receipts to fund the Global Warming Solutions Trust Fund.

To date, Baker has opposed a carbon tax but has acknowledged the problem of climate change and the pressing need to address it. (Source: Office of Mass. Gov. Charlie Baker, Bloomberg, Foley Hoag LLP, Various Media, 18 Jan/. 2019) Contact: Office of Mass. Governor Charlie Baker, (617) 725-4005, constituent.services@state.ma.us, https://twitter.com/MassGovernor, www.mass.gov/person/charlie-baker-governor

More Low-Carbon Energy News Carbon Tax,  Climate Change,  


Trudeau's Canadian Carbon Tax Now In Force (Reg. & Leg.)
Canada Carbon Tax
Date: 2019-01-02
In Ottawa, the Liberal government of Prime Minister Justin Trudeau's controversial carbon tax is now in force. The price on carbon will be C$20 ($15 US) per metric ton rising to C$50 per ton by 2022. A wide-ranging tax on nearly all fuels is also set to take effect in April in four provinces.

The Trudeau government had proposed a 95 pct standard for the cement and lime sectors and 90 pct for production of petrochemicals, steel, certain types of iron, nitric acid and ammonia. All other sectors have a proposed 80 pct threshold. Companies exceeding those levels can pay a tax, or buy credits from more efficient firms.

The industrial emissions plan applies to Ontario, New Brunswick, Manitoba, Prince Edward Island -- the provinces that are challenging the Trudeau carbon tax plan -- and to electricity and natural gas pipelines in Saskatchewan. Even with the carbon tax in place, Canada is still expected to fall short of its COP15 target of 513 metric megatons of emissions by 2030. (Source: Canada Ministry of the Environment, Bloomberg, Various Media, 30 Dec., 2018) Contact: Canada Ministry of the Environment, Hon. Catherine McKenna, Minister, www.canada.ca/en/environment-climate-change.html

More Low-Carbon Energy News Canada Carbon Tax,  Carbon Tax,  Climate Change,  


ACEEE, Bloomberg Am. Cities Climate Challenge Partner (Ind. Report)
ACEEE,Bloomberg American Cities Climate Challenge
Date: 2018-12-21
In a blog post, Michael R. Bloomberg announced Charlotte as the nineteenth winning city of Bloomberg's American Cities Climate Challenge.

The $70 million program, which was launched in June, will help 20 winning cities accelerate their ambitious climate efforts by providing significant resources, including technical assistance and staff capacity, to help them reduce carbon emissions by saving energy and using clean energy sources. The selected cities will target energy savings in the buildings and transportation sectors, the sectors most responsible for energy use and carbon emissions.

ACEEE will partner with the Climate Challenge by expanding the program's independent City Clean Energy Scorecard (fka City Energy Efficiency Scorecard) for assessing local energy efficiency policies and programs. The 2019 City Scorecard will expand from scoring 51 of the largest US cities to 75, with the goal of assessing 100 in future editions. The Climate Challenge cities will serve as models for building public-private and community-based energy efficiency strategies, which can save money, create jobs, clean the air, and protect health.(Source: ACEEE, Blog Post, 19 Dec., 2018) Contact: ACEEE, (202) 507-4000, www.aceee.org; Bloomberg American Cities Climate Challenge, www.bloomberg.org/program/environment/climatechallenge

More Low-Carbon Energy News ACEEE,  American Cities Climate Challenge,  


Trump's EPA to Axe Obama Coal-Fired Power Plant Rules (Ind. Report)
US EPA
Date: 2018-12-10
In Washingtom, it is being widely reported that the Trump administration will scrap an Obama-era mandate that new coal-fired power plants be equipped with carbon-capture and storage (CCS) technology. According to the EPA, CCS technology hasn't "adequately demonstrated" it effectiveness as challenged by Murray Energy Corp. and coal industry associations.

The Obama administration 2015 regulation imposed CO2 limits on new and modified coal-fired power plants that could not be met without installing some kind of carbon-capture technology. The Trump EPA proposed replacement would reportedly raise allowable CO2 emissions from new and modified coal power plants without employing CCS technology while ensuring utilities use other advanced technologies to ensure coal is burned cleanly and efficiently.

Since 2010, power plant owners have either retired or announced plans to retire at least 630 coal plants in 43 states -- nearly 40 pct of the U.S. coal fleet, according to data by the American Coalition for Clean Coal Electricity. (Source: EPA, Various Media, Bloomberg, 5 Dec., 2018) Contact: American Coalition for Clean Coal Electricity, www.energyandpolicy.org/american-coalition-clean-coal-electricity

More Low-Carbon Energy News EPA,  Coal,  CCS,  CO2,  Carbon Emissions,  


Trump's EPA Axing Obama Coal-Fired Power Plant Rules (Ind. Report)
Trump
Date: 2018-12-07
In Washington, it is being widely reported that the Trump administration will scrap an Obama-era mandate that new coal-fired power plants be equipped with carbon-capture and storage (CCS) technology. According to the EPA, CCS technology hasn't "adequately demonstrated" it effectiveness as challenged by Murray Energy Corp. and coal industry associations.

The Obama administration 2015 regulation imposed CO2 limits on new and modified coal-fired power plants that could not be met without installing some kind of carbon-capture technology. The Trump EPA proposed replacement would reportedly raise allowable CO2 emissions from new and modified coal power plants without employing CCS technology while ensuring utilities use other advanced technologies to ensure coal is burned cleanly and efficiently. Since 2010, power plant owners have either retired or announced plans to retire at least 630 coal plants in 43 states -- nearly 40 pct of the U.S. coal fleet, according to data by the American Coalition for Clean Coal Electricity. (Source: EPA, Various Media, Bloomberg, 5 Dec., 2018) Contact: American Coalition for Clean Coal Electricity, www.energyandpolicy.org/american-coalition-clean-coal-electricity; EPA, Office of Acting Administrator Andrew Wheeler, www.epa.gov/aboutepa/epas-acting-administrator

More Low-Carbon Energy News Coal,  Carbon Emissions,  


EPA to Hold the Line on 2019 RFS Biofuel Blend Quotas (Ind. Report)
RFS,Renewable Fuels Standatd
Date: 2018-11-28
Bloomberg is reporting the Trump administration will likely order refiners to use 15 billion gallons of corn ethanol and other conventional renewable fuels in 2019 despite oil industry pressure to lower the mandate, The slate of biofuel blending targets, which are expected to be released on Friday, are unlikely to placate biofuel and agricultural interests that have denounced the EPA's generous issuance of RFS "hardship" waivers to small refineries. To date, 15 refineries have reportedly applied for "hardship" waiver relief from the 2018 quotas.

The EPA had proposed requiring refiners to blend 19.88 billion gallons of biofuels next year, a 3.1 pct increase over current quotas. That target included a 15 billion gallon quota for corn-based ethanol and other conventional renewable fuels, the maximum allowed under federal law and the same amount required in 2018. The agency also is set to finalize a 2020 requirement for using biodiesel, after proposing a 15.7 pct increase in the target.

The EPA reportedly plans to establish new biofuel blending targets for 2020 through 2022 and is poised to lower congressional goals for cellulosic biofuels as part of the RFS "reset" process. (Source: EPA, Bloomberg, Farm Journal, 27 Nov., 2018)

More Low-Carbon Energy News RFS news,  Biofuel Blend news,  Cellulosic news,  


Honolulu Bloomberg Am. Cities Climate Challenge Winner (Ind. Report)
Bloomberg Philanthropies
Date: 2018-11-07
Bloomberg Philanthropies has tagged Honolulu the 18th winning city in Bloomberg Philanthropies' American Cities Climate Challenge. Previous winners include: Atlanta, Boston, Chicago, Columbus, Cincinnati, Indianapolis, Los Angeles, Minneapolis, Philadelphia, Pittsburgh, Portland, San Diego, San Jose, Saint Paul, Seattle, St. Louis, and Washington, D.C.

The American Cities Climate Challenge is a $70 million-dollar program that will accelerate efforts in 20 winning cities to tackle climate change and promote a sustainable future for residents. Through the Climate Challenge, Honolulu is accepted into a two-year acceleration program that will provide cities robust technical assistance and a support package that includes a philanthropy-funded team member to facilitate the development and passage of high impact policies, training for senior leadership to assist with implementation of their proposed climate plans, and citizen engagement support to maximize community buy-in. (Source: Bloomberg Philanthropies, Nov., 2018) Contact: Bloomberg American Cities Climate Challenge, www.bloomberg.org/program/environment/climatechallenge

More Low-Carbon Energy News Bloomberg Philanthropies,  


Georgetown TX Investing $1Mn in Solar Energy Storage (Ind. Report)
U.S. Mayors Challenge
Date: 2018-11-02
The City of Georgetown, Texas, -- pop. 70,400 +- -- a $1 million winner in the Bloomberg U.S. Mayors Challenge -- reports it plans to use some of the funds to lease 10-15 residential rooftops to install nearly 400 solar panels that will allow the city to collect solar-generated energy which will be will be stored in several strategically located batteries for use during power outages.

This summer, Georgetown became the largest U.S. city to source 100 pct of its energy needs from renewables. The city purchases 144 MWh from the EDF Renewable Energy's Spinning Spur 3 wind farm near Amarillo, and 150 MWh from the NRG Energy's Buckthorn solar plant in West Texas.

The Bloomberg U.S. Mayors Challenge is a year-long competition under which city leaders from across the country develop proposals that would reinvent a city's practices on climate change and other issues. (Source: City of Georgetown, Texas, Community Impact, 31 Oct., 2018) Contact: Bloomberg U.S. Mayors Challenge, www.mayorschallenge.bloomberg.org; City of Georgetowm, Chris Foster, Manager of Resource Planning and Integration, www.georgetown.org

More Low-Carbon Energy News Solar,  Energy Storage,  Bloomberg U.S. Mayors Challenge,  


Exchequer Plans £16 Carbon Tax to Replace EU ETS (Int'l)
EU ETS, Carbon Tax
Date: 2018-10-31
Bloomberg is reporting the Exchequer's (U.K Treasury Department) annual budget is proposing imposition of a £16 ($20 +-) per ton tax on carbon emissions if Brexit talks fail and the UK is excluded from the EU Emissions Trading System (EU ETS), early in 2019.

Bloomberg notes that UK fossil fuel burning power producers presently pay an £18 per ton "floor price" for CO2 emissions PLUS almost £15 per ton for EU ETS carbon allowances for an estimated total of £33 per ton of carbon emissions. If the UK exits the EU without a deal, emitters will pay the £16 per ton under a planned Carbon Emissions Tax to replace the EU ETS carbon-market portion of their emissions costs, plus the floor price which would remain unchanged, according to the Exchequer proposal. (Source: UK Treasury Dept, Bloomberg, Others, 29 Oct., 2018) Contact: Exchequer, www.gov.uk/government/ministers/chancellor-of-the-exchequer

More Low-Carbon Energy News EU ETS,  Carbon Tax,  UK Carbon Tax,  


Pittsburgh Wins $2.5Mn in Bloomberg American Cities Climate Challenge (Ind. Report)
Bloomberg American Cities Climate Challenge
Date: 2018-10-22
Former New York City Mayor Michael Bloomberg has announced that Pittsburgh -- the Steel City -- is a winner in the Bloomberg American Cities Climate Challenge -- a $70 million initiative aimed at accelerating efforts to tackle climate change and promote a sustainable future.

Pittsburgh will use the money to create and implement a building energy benchmarking policy, develop a statewide clean energy financing program, scale renewable power through community solar programs, encourage a shift in transportation energy use operation, and reduce over-all energy consumption by 50 pct.

About 100 of America's largest cities applied to the challenge, submitting bold plans to cut carbon emissions, Bloomberg said. All aimed to reduce air pollution and citywide emissions with specific projects to reform transit and buildings sectors -- two areas traditionally responsible for 80 pct of all citywide emissions. Atlanta, Los Angeles, Portland, San Diego, San Jose and Seattle were also Challenge winners. (Source: Bloomberg Philanthropies, TRIB Live, 21 Oct., 2018) Contact: Bloomberg American Cities Climate Challenge, www.bloomberg.org/program/environment/climatechallenge

More Low-Carbon Energy News Energy Efficiency,  Building Energy Benchmark,  Climate Change,  


Exxon Supports Americans for Carbon Dividends Effort (Funding)
Exxon Mobil ,Americans for Carbon Dividends
Date: 2018-10-12
Hard on the heels of the recently released IPCCC report calling for "unprecedented action to combat climate change", Houston-headquartered oil giant Exxon Mobil Corp. has announced it is adding $1 million to Americans for Carbon Dividends, a political campaign that would effectively create a carbon tax tied to Exxon's core products.

Exxon notes its $1 million commitment is in keeping with its longstanding support for an imposed carbon tax rather than an array of environmental regulations that already drive up the cost of fossil fuels.

Exxon's support marks the first such initiative by a major oil company. (Source: Exxon Mobil, Bloomberg, Various Media, Oct., 2018) Contact: Exxon Mobil, William M. Colton, VP Strategic Planning, www.exxonmobil.com; Americans for Carbon Dividends, www.afcd.org

More Low-Carbon Energy News Americans for Carbon Dividends,  Exxon Mobil ,  Climate Change,  Carbon Tax,  


Step Up Declaration Launched to Harness Technology, Reduce Emissions (Ind. Report)
Climate Change
Date: 2018-10-05
The Step Up Declaration, a cross-industry coalition of 21 companies representing $750 billion in market capitalization has been launched at the Sept. 12-14 Global Climate Action Summit (GCAS) in San Francisco. The coalition is dedicated to "harnessing the power of emerging technologies to reduce carbon emissions."

Participating coalition companies commit to activate their supply chains, advocate for strengthened political and regulatory mechanisms, and work together to reduce greenhouse gas (GHG) emissions across every sector of society. The coalition, which includes Akamai Technologies, Bloomberg, Cisco Systems, Hewlett Packard and 17 others, was formed in response to a challenge issued in May 2018 by former UNFCCC Exec. Sec. Christiana Figueres urging the technology sector to "step up" its actions on climate change. (Source: Step Up Declaration, Oct., 2018) Contact: Step Up Declaration, www.stepupdeclaration.org

More Low-Carbon Energy News Christiana Figueres,  Climate Change,  Carbon Emissions,  


CarbonCure Announces Major Strategic Investment (Ind. Report)
CarbonCure
Date: 2018-09-28
Halifax, Nova Scotia-based CarbonCure Technologies Inc. is reporting the closure of a major investment led by Breakthrough Energy Ventures, one of the world’s most sought-after clean technology investment partners.

The Breakthrough Energy Ventures fund was created to accelerate the world's transition to clean energy, and is backed by Bill Gates, Vinod Khosla, Sir Richard Branson, Jeff Bazos, Michael Bloomberg and other business leaders.

The round includes the GreenSoil Building Innovation Fund and a follow-on investment by the Industrial, Clean and Energy Technology Venture Fund of BDC Venture Capital. Investors from prior rounds include: Pangaea Ventures, 350 Capital, Innovacorp, Brightpath Capital Partners, Neo Ventures, the Shaw Group, Power Generations, and Carmanah Management.

According to CarbonCure CEO Rob Nixon, CarbonCure "made it simple and profitable for the construction industry to build resilient structures with lower CO2 emissions. Every tonne of CO2 utilized in concrete production with the CarbonCure Technology results in a multiplier effect that saves an additional 28 tonnes of CO2 and over $3,100 in production efficiencies. This strategic investment allows CarbonCure to scale our impact by expanding into international markets and commercializing new value-added solutions for the concrete industry that further improve its sustainability and production efficiencies."

With its expanded portfolio of technologies and entry into international markets, CarbonCure has the potential to reduce up to 700 megatonnes of embodied carbon emissions each year. (Source: CarbonCure, PR, 26 Sept., 2018) Contact: Greensoil Building Innovation Fund, www.greensoil-investments.com; Breakthrough Energy Ventures, www.b-t.energy/ventures; CarbonCure, Robert Niven, CEO, (902) 442-4020, info@carboncure.com, www.carboncure.com

More Low-Carbon Energy News CarbonCure,  


Ocean Renewable Power Seeking Tidal Power Investors (Ind. Report)
Ocean Renewable Power
Date: 2018-08-31
In Maine, Portland-based alternative energy startup Ocean Renewable Power Co. reports it is seeking a tide of investment capital to advance its unique RivGen -- in stream -- and TidGen -- tidal -- marine power turbines.

The company is seeking $12 million in private investment in addition to a recent $6 million infusion. An initial funding round will be followed by a push for another $18 million earmarked for production startup, commercialization and marketing.

In 2017, marine energy reportedly attracted only $200 million in investments worldwide; solar energy drew $161 billion and wind attracted $107 billion, according to Bloomberg's 2018 New Energy Finance investment report. (Source: Ocean Renewable Power, Portland Press Herald, 28 Aug., 2018) Contact: Ocean Renewable Power, Chris Sauer, CEO, 207.772.7707, www.orpc.co

More Low-Carbon Energy News Ocean Renewable Power,  Tidal Power,  Ocean Power ,  


NYC Landlords Committing to Energy Consumption Cuts (Ind. Report)
New York City
Date: 2018-08-17
In the Big Apple, SL Green Realty, Vornado Realty Trust and other major property developers are reporting having signed on to a plan to cut energy use in the city’s larger buildings by 20 pct by 2030. The plan would include buildings of 25,000 sq-ft or large, of which there are approximately 50,000. If implemented, the plan would advance city more than a third of the way to its goal of cutting greenhouse-gas emissions by 80 pct by 2050.

In 2005, about two-thirds of New York City's 61 million metric tpy of greenhouse gases came from its buildings. The city reduced that to 52 million metric tons by 2016. (Source: The Real Deal, Bloomberg, 15 Aug., 2018)

More Low-Carbon Energy News Energy Efficiency,  Carbon Emissions,  Energy Consumption,  


Trump Plans Assault on Obama-Era Emissions Standards (Reg & Leg)
Emissions,Vehicle Emissions
Date: 2018-07-25
It is being widely reported by Bloomberg and other media that the Trump administration may attempt to revoke California's authority for setting its own greenhouse gas rules and other Obama-era vehicle emissions standards separate to federal emissions standards.

During the Obama administration, California aligned its standards with wider federal standards in a bid to ease compliance requirements for automakers.

According to Bloomberg, the Trump administration plans to dilute future emissions standards proposed by Obama by capping federal fuel economy requirements at the 2020 level of at least 35-mile-per-gallon for manufacturers' fleet average, rather than letting them rise to around 50 mpg by 2025 as currently planned.

The 2009 Clean Air Act waiver allows California to set its own standards for greenhouse emissions and builds on a long-standing right the state enjoyed to set its own vehicle emissions standards in response to the smog that afflicted some areas of the state in the 1970s and 80s. (Source: Business Green, Bloomberg, Others, July, 2018)

More Low-Carbon Energy News Vehicle Emissions,  Carbon Emissions,  Clean Air Act,  Transportation Emissions,  


Oil Trader Vitol Establishes New Wind Power Fund (Int'l Report)
Vitol Group
Date: 2018-07-18
Swiss independent oil trader Vitol Group reports it is launching a new &euro'200 million fund to invest in off- and on-shore wind farms in Europe. Investments will be made through the company's VLC Renewables arm, run by a joint venture together with Low Carbon Ltd. The company is planning to buy minority stakes in projects, working with developers and financial investors. (Source: Vitol, Bloomberg, 17 July, 2018) Contact: Vitol Group, Simon Hale, Investment Dir., +44 20 7973 4200 -- London Office, www.vitol.com

More Low-Carbon Energy News Vitol Group,  Clean Energy,  Renewable Energy,  Wind,  


Global Clean Energy Investment Data Released (Ind. Report)
Bloomberg New Energy Finance (
Date: 2018-07-13
According to figures released by Bloomberg New Energy Finance (BNEF) on Monday, global investment in clean energy declined by 1 pct on the year but rose 8 pct year-on-year in the second quarter to $76.7 billion.

The decrease reflects a 19 pct drop in solar investment to $71.6 billion, due to the lower capital costs per MW and a slowdown in China. Apart from shrinking solar investments, BNEF projects that China's decision will lead to overcapacity in solar manufacturing and steeper price falls.

Investment in wind projects in the first half of 2018 improved by 33 pct to $57.2 billion, driven by large project financings in various markets, including the US, Taiwan, India, the Netherlands and Norway, according to BNEF.

Smaller clean energy sectors -- biomass and waste, small hydro, geothermal and biofuels -- attracted between $700 million and $1.2 billion of investments, except biofuels which dropped in terms of investment. (Source: Bloomberg New Energy Finance, Renewables Now, 10 July, 2018)

More Low-Carbon Energy News Wind,  Solar,  Renewable Energy,  


EPA Stalls Biofuel Blend Quota Announcement (Ind. Report)
EPA
Date: 2018-06-25
Bloomberg and others are reporting oil industry criticism has caused the Trump Administration to reconsider a proposal to require large refineries to blend more biofuel to make up for "hardship" exemptions granted to smaller refineries. Accordingly, the EPA has put a planned announcement on proposed biofuel quotas for 2019 on hold.

Ethanol producers and farm-state lawmakers say that recent waivers granted to small refiners have undercut the Renewable Fuels Standard. The Trump administration's plan to make up for the lost biofuel gallons would have put the burden on non-exempted refineries, prompting an outcry from the two top oil industry trade groups.

As previously reported, "hardship waivers" were intended for refineries producing 75,000 bpd or less and suffered "disproportionate economic hardship" from the costs of RFS compliance. The waiver frees the refineries from an obligation to provide the EPA with biofuels credits proving compliance. (Source: Various Media, Bloomberg, HoosierAg Today, 24 June, 2018)

More Low-Carbon Energy News Renewable Fuel Standard,  Ethanol Blend,  Pruitt,  


BASF, Lallemand Report US Ethanol Market Collaboration (Ind. Report)
BASF Enzymes, Lallemand Biofuels
Date: 2018-06-13
In San Diego, BASF Enzymes and Montral-headquartered Lallemand Biofuels & Distilled Spirits (LBDS) report they've formally entered into a marketing and sales collaboration agreement with the aim to maximize value to customers in the US ethanol market.

In the collaboration, BASF's enzyme portfolio will be used for applications in liquefaction and fermentation to improve fermentation performance. LBDS will use its TransFerm yeast product line which it claims provides increased ethanol yields and reduces the need for glucoamylase addition.

The BASF company portfolio is organized into five segments -- chemicals, performance products, functional materials & solutions, agricultural solutions and oil & gas.

LBDS supplies fermentation ingredients and 'value creating services' to the global fuel ethanol and distilled beverage industries. (Source: BASF, LBDS, PR, Biofuels Int'l, 12 June, 2018) Contact: Lallemand, Jim Steele, CEO, Angus Ballard, Pres., (815) 721-6165, www.lallemandbds.com; BASF Enzymes, Dirk Daems, Drector of Operations, (858)451-8500, https://www.bloomberg.com/profiles/companies/VRNM:US-basf-enzymes-llc, www.basf.com

More Low-Carbon Energy News BASF,  Enzymes,  Lallemand Biofuels,  Ethanol,  


LG CNS Tops in Asia Energy Storage Ranking (Int'l Report)

Date: 2018-06-11
In South Korea, LG CNS, an LG conglomerate information technology service unit, has been recognized by Bloomberg New Energy Finance as one of the world's top five energy storage system (ESS) providers. From 2013 to 2018, the company has won orders for a total of 95-megawatt ESS projects worldwide.

ESS technology is used to store excess energy that can be supplied later when required. The Korean Ministry of Trade, Industry and Energy estimates the global ESS market will grow to $15 billion by 2020 and $29.2 billion by 2025. LG CNS edged out Greensmith Energy, a leading ESS player in North America, to be placed fifth. Japan's NEC was seventh and GE came in ninth. (Source: Korea Times, Bloomberg, June, 2018) Contact: LG Group, www.lgcorp.com

More Low-Carbon Energy News Battery,  Energy Storage,  LG Group,  


Grassley Warns Pruitt to Shape-Up or Ship-Out (Notable Quote)

Date: 2018-05-18
Iowa's senior senator Chuck Grassley (R) is calling for EPA administrator Scott Pruitt to support the Trump Administration's biofuels policies, the Renewable Fuels Standard (RFS) and the biofuels industry in general. Failing Pruitt's support, Grassely said he'd call for Pruitt's resignation.

"I'm done playing around. I've supported Pruitt but if he pushes changes to RFS that permanently cut ethanol by billions of gallons he will have broken Trump's promise and should step down and let someone else do the job of implementing Trump's (biofuel) agenda. Trump was elected with an agenda; Pruitt was not elected," Grassley said.

Grassley's position is in response to growing farm-state frustration with the EPA's management of the Renewable Fuel Standard (RFS) compelling refiners to use biofuel such as corn-based ethanol. Iowa is a top producer of both corn and ethanol. (Source: Wallaces Farmer, Others, Bloomberg, 17 May, 2018) Contact: Sen. Chuck Grassley (R), www.grassley.senate.gov

More Low-Carbon Energy News Grassley,  Scott Pruitt,  Biofuels,  


Offshore Wind Pioneer WPD AG Planning $1Bn Sale (Int'l Report)
WPD AG
Date: 2018-05-16
In Germany, Bremen-based offshore wind energy developer WPD AG is reportedly seeking investors for an equity stake of at least $1 billion or potentially to purchase the company lock, stock and barrel.

Founded in 1996, WPD reportedly has 2,000 turbines in 18 countries. The company operates and manages wind power, biogas and solar energy plants and currently has 5.6 gigawatts of projects in early planning stages worldwide. (Source: WPD AG, Bloomberg, Others, 15 May, 2018) Contact: WPD AG, +49-421-168-6610, + 49-421-168-6666 – fax, www.wpd.de

More Low-Carbon Energy News WPD AG,  Wind,  


Bloomberg Confirms $4.5Mn Climate Commitments (Ind. Report)

Date: 2018-04-30
Billionaire businessman, philanthropist and thrice Mayor of New York City Michael Bloomberg has confirmed he and his Bloomberg Philanthropies Foundation will meet a previously announced $4.5 million shortfall in funding to the UN caused by President Trump's decision to withdraw from the Paris climate agreement.

According to Bloomberg, "The US pledged to work with the rest of the world to fight climate change under the Paris Agreement, and that includes providing our fair share of the funding to help countries reach their goals. Our foundation will uphold our promise to cover any cuts to UN climate funding by the (US) Federal government -- and the American people will uphold our end of the Paris Agreement, with or without Washington." (Source: Bloomberg Philanthropies Foundation, UN Environment. 23 April, 2018) Contact: Bloomberg Philanthropies Foundation, www.bloomberg.org

More Low-Carbon Energy News Climate Change,  Michael Bloomberg,  


ASU, Phoenix Partner in Bloomberg Climate Change Challenge (Ind. Report)
Bloomberg Philanthropies 2018 Mayors Challenge
Date: 2018-04-02
In Arizona, the State Press is reporting Arizona State University and the city of Phoenix are partnering in the Bloomberg Philanthropies 2018 Mayors Challenge, a national competition to find solutions to climate change and other common issues. As part of the competition, Arizona State University id developing the "HeatReady" program to enable local governments to analyze and prepare for climate change and related intense heat.

Phoenix was chosen among 34 other cities to compete in the innovation competition, and was awarded $100,000 from Bloomberg Philanthropies to continue developing its program. In October, one city will be awarded $5 million and four others $1 million as part of the competition. (Source: Bloomberg Philanthropies 2018 Mayors Challenge, ASU, State Press, KTAR.com, 31 Mar., 2018) Contact: Bloomberg Philanthropies 2018 Mayors Challenge, http://mayorschallenge.bloomberg.org/competition-impact

More Low-Carbon Energy News City of Pheonix,  Climate Change,  Bloomberg Philanthropies 2018 Mayors Challenge,  


Iceland, China Seal Geothermal Development Deal (Int'l)
Sinopec Green Energy,Arctic Green Energy
Date: 2018-03-28
Reykjavik, Iceland-headquartered Arctic Green Energy (AGE) has inked an agreement with Sinopec Green Energy Geothermal Dev elopement Co. to supply geothermal heat technology to help China develop clean energy for a new Xiong'an, a 15 million strong economic zone south-west of Beijing, according to Bloomberg. The geothermal deal is being supported with $250 million in loans from the Asian Development Bank.

Scientists from Iceland (pop. 345,000) and China are also helping each other study climate change. (Source: Strait Times, Bloomberg, 25 Mar., 2018) Contact: Sinopec Green Energy, www.sinopecge.com/eng/profile.asp; Arctic Green Energy Corp., +354 558 0880, www.arcticgreencorp.com

More Low-Carbon Energy News Geothermal,  


Chinese US Ethanol Imports Up Ahead of Possible Tariff (Int'l)
China
Date: 2018-03-28
Bloomberg is reporting China's purchases of ethanol from the US totaled 189,035 cubic meters in February, the highest since May 2016, according to Chinese customs data. Purchases had slumped in 2017 after China imposed a 30 pct tariff on imports from the US.

Chinese companies have ordered more than 600,000 tons of ethanol from the US for blending into gasoline in the first half of the year, according to the China Alcoholic Drinks Association, which oversees the fuel ethanol industry. China is expanding its ethanol mandate nationwide by 2020. (Source: China Alcoholic Drinks Association, Bloomberg, 26 Mar., 2018)

More Low-Carbon Energy News China Ethanol,  


Startup Scores $27Mn to Cut Bldg. Energy Consumption (Ind. Report)
Carbon Lighthouse
Date: 2018-03-16
San Francisco-based energy efficiency specialist Carbon Lighthouse reports it has raised $27 million from GRC SinoGreen Fund, JCI Ventures, SV Tech Ventures and others. The new funds will be used for marketing, software development and other corporate purposes.

Carbon Lighthouse's software analyzes data collected from sensors to find ways to make commercial, industrial and education buildings use energy more efficiently. The company is paid through the client's energy savings which it guarantees. (Source: Carbon Lighthouse, Bloomberg, 13 Mar., 2018) Contact: Carbon Lighthouse, Brenden Millstein, CEO, (866) 573-7755, www.carbonlighthouse.com

More Low-Carbon Energy News Energy Efficiency,  Energy Management,  


Gore Street Capital Touting First Energy Storage Fund (Int'l)
Gore Street Capital
Date: 2018-03-16
In the UK, London-headquartered private-equity firm Gore Street Capital reports it plans to offer the world's first energy storage fund listed on the London Stock Exchange. The fund will invest primarily in large-scale batteries.

To that end, the company is seeking to raise £100 million ($139 million) from an IPO later this month. The listing has already attracted commitments from NEC Corp.'s NEC Energy Solutions and Japanese engineering consultancy Nippon Koei Co. Ltd. (Source: Gore Street Capital, Bloomberg, 13 Mar., 2018) Contact: Gore Street Capital, Alex O'Cinneide, CEO, +44 20 3826 0290, www.gorestreetcap.com

More Low-Carbon Energy News Energy Storage ,  


Renewables as Important as Nat. Gas in Cutting Emissions (Ind. Report)
Renewable Energy,BNEF
Date: 2018-03-05
According to Bloomberg New Energy Finance's (BNEF) Sustainable Energy For America report for 2018 and the Environmental Defense Fund, the impact renewables have had on power sector emissions, which fell 10 pct from 2007 to 2013, have played a larger role in reducing power sector emissions in 2017 than switching to natural gas. Those emissions dropped a hefty 4.2 pct in 2017.

Power generation now follows the transportation sector as the country's largest GHG emitter. In all, total US emissions are lower than they have been since 1991. According to the BNEF figures, between 2007 and 2013, renewables decreased total CO2 emissions by 2.3 to 3.3 pct -- about the same as the 2.5 to 3.6 pct that shifting from coal to natural gas contributed.

Access the Sustainable Energy in America factbook HERE. (Source: BCSE, CleanTechnica, Other Media, 1 Mar., 2018)

More Low-Carbon Energy News Natural Gas,  BNEF,  Renewable,  Renewable Energy,  Carbon Emissions,  


Ft. Collins Granted $100K for Low-income Energy Efficiency (Funding)
City of Fort Collins,Bloomberg Philanthropies
Date: 2018-02-26
In Colorado, the city of Fort Collins (164,200 pop.) reports that as many as 47,000 low-income residents could ultimately benefit from more energy-efficient homes thanks to a $100,000 grant awarded to the city by Bloomberg Philanthropies.

The city was one of 35 cities selected in the 2018 U.S. Mayors Challenge, which provides selected cities with grant and technical assistance to encourage efficiency renovations in low-income homes. Fort Collins' pitch is to help finance those renovations for single- and multi-family rental properties via public-private partnerships. The fourth Mayors Challenge is the first new component of the American Cities Initiative, a $200 million effort to empower U.S. cities to generate innovation and advance policy that moves the nation forward. The city expects the program to generate $75.8 million in private-sector investments in the next decade. (Source: Bloomberg Philanthropies, Coloradoan, 21 Feb., 2018) Contact: Bloomberg Philanthropies, www.bloomberg.org; U.S. Mayors Challenge, www.bloomberg.org/program/government-innovation/mayors-challenge

More Low-Carbon Energy News U.S. Mayors Challenge,  Energy Efficiency,  

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