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Clean Energy, Total JV to Develop RNG (Ind. Report)
Clean Energy, Total
Date: 2021-03-10
Clean Energy Fuels Corp. and its largest shareholder, Total SE, are reporting a 50/50 joint venture to develop carbon-negative renewable natural gas (RNG) production and fueling infrastructure facilities in the U.S..

The initial firm commitment is $100 million and can increase to $400 million as development opportunities progress. Total will be providing credit support for Clean Energy development in the RNG value chain, including $45 million for contracted RNG fueling infrastructure. The companies have already partnered to expand the use of RNG in the heavy truck market with the Zero Now program, which allows fleets to purchase RNG trucks for the same price as diesel trucks. (Source: Clean Energy Fuels Corp., PR, 9 Mar., 2021) Contact: Clean Energy, Andrew J. Littlefair, CEO, Pres., www.cleanenergyfuels.com; Total SE, www.total.com

More Low-Carbon Energy News Clean Energy news,   Total news,  RNG news,  


Clean Energy Fuels, TOTAL to Develop Additional Carbon-Negative Fuel and Infrastructure (Ind. Report)
Clean Energy Fuels, TOTAL
Date: 2020-12-21
Clean Energy Fuels Corp. and its largest shareholder, TOTAL S.E., are reporting a memorandum of understanding (MoU) to create a 50/50 joint venture to develop carbon-negative renewable natural gas (RNG) production facilities in the United States, as well as credit support to build additional downstream RNG fueling infrastructure.

For ht project, Total will invest $50 million and Clean Energy $30 million for the proposed joint venture and TOTAL will be providing credit support of $65 million to support Clean Energy development in the RNG value chain, including $45 million for contracted RNG fueling infrastructure.

The companies have already partnered to expand the use of RNG in the heavy-duty truck market with its Zero Now program, which allows fleets to purchase natural gas trucks for the same price as diesel trucks. (Source: Clean Energy Fuels, PR 21 Dec., 2020) Contact: Clean Energy Fuels, Raleigh Gerber, 949-437-1397, raleigh.gerber@cleanenergyfuels.com, www.cleanenergyfuels.com; TOTAL, www.total.com

More Low-Carbon Energy News Clean Energy Fuels,  TOTAL SE,  RNG,  


TOTAL Takes Stake in Eolmed Floating Wind Project (M&A, Int'l.)
TOTAL
Date: 2020-10-09
Paris-headquartered energy giant TOTAL SE is reporting the acquisition of a 20 pct stake in the 4 Vestas turbine equipped Eolmed floating wind farm pilot project in the Mediterranean, near Port-La-Nouvelle (Occitan region), France.

TOTAL is focused on expanding renewable operations globally and aims to produce 35 GW of energy from renewable sources by 2025 from the present level of 7 GW. By 2050-end. The company expects 40 pct of its sales to be from its renewable power generation business for a projected cash flow of more than $1.5 billion per year by 2025. (Source: Total, NASDAQ, 8 Oct., 2020) Contact: Eolmed Wind, +33 4 68 27 63 79, contact@eolmed.fr, www.eolmed.fr: TOTAL, www.total.com

More Low-Carbon Energy News TOTAL,  FLoating Wind,  Offshore Wind,  Eolmed,  


ESA Reports Staggering Greenland, Antarctic Ice Loses (Int'l.)
European Space Agency
Date: 2020-03-18
According to the European Space Agency (ESA), Greenland and Antarctica are losing ice six times faster than in the 1990s -- currently on track with the Intergovernmental Panel on Climate Change (IPCC) worst-case climate warming scenario.

ESA findings show Greenland and Antarctica lost 6.4 trillion tonnes of ice between 1992 and 2017 -- pushing global sea levels up by 17.8 millimetres. Of the total sea level rise coming from melting polar ice sheets, around 60 pct (10.6 millimetres) was due to Greenland ice losses and 40 pct was due to Antarctica (7.2 millimetres). In just 6 month, the loss of ice from 81 billion tpy in the 1990s to 475 billion tpy in the 2010s. This means that polar ice sheets are now responsible for a third of all sea level rise. (Source: European Space Agency Website, 13 Mar., 2020) Contact: European Space Agency, www.esa.int

More Low-Carbon Energy News Climate Change,  Global Warming,  

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