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N.D. Passes Clean Sustainable Energy Legislation (Reg & Leg)

Date: 2021-04-28
In Bismarck, North Dakota Gov. Doug Burgum (R) has signed House Bill 1452 into law. The legislation allocates $25 million from the state's general fund to create a Clean Sustainable Energy Fund and establishes a Clean Sustainable Energy Authority tasked with making recommendations to the North Dakota Industrial Commission for grant awards and loan programs to support promising low-emission technologies.

The bill repeals the state's existing "25X25" initiative and replaces it with a low-carbon emission technology initiative. It also allows the state's EmPower Commission to make recommendations on low-emission technologies and affordable and sustainable energy policy, requiring the Legislature to consider such recommendations to develop comprehensive energy policy for the state.

The bill, which enjoyed broad bipartisan support, follows HB 1412 exempting coal-fired power plants from the state's coal conversion facility tax for the next five years. (Source: Office of ND Gov. Doug Burgam, Website, PR, 25 Apr., 2021) Contact: Office of ND Gov. Doug Burgam, 701.328.2200, Fax: 701.328.2205, www.governor.nd.gov

More Low-Carbon Energy News Clean Energy,  Low Carbon Energy,  Carbon Emission,  


Tikehau Low-Carbon Energy Transition Fund Raises €1Bn (Funding)
Tikehau Capital
Date: 2021-02-24
Paris-headquartered global alternative asset management group Tikehau Capital reports completion of fundraising for its T2 Energy Transition investment strategy outperformed its original fundraising goals with over €1 billion raised. The T2 fund is one of the leading and largest global growth private equity vehicles singularly committed to enabling the transition towards a low-carbon economy and fighting global warming to help reach the goals of the 2015 Paris Climate Agreement.

To date, T2 Energy Transition investment strategy has invested €440 million in 6 SMEs focused on clean energy generation, low-carbon mobility and energy efficiency. T2 fund portfolio companies have provided goods and services that, over their lifetime, will avoid one million tons of CO2 from being emitted, according the Tikehau release.

Tikehau Capital had € 28.5 billion of assets under management as of 31 December 2020. (Source: Tikeau Capital, PR, 23 Feb., 2021) Contact: Tikehau Capital, Louis Igonet , +33 1 40 06 11 11, shareholders@tikehaucapital.com, www.tikehaucapital.com

More Low-Carbon Energy News Low Carbon Energy,  Climate Change,  Paris Climate Agreement,  


Emera Provides Update on ESG Progress
Emera
Date: 2020-10-19
For more than 15 years, Emera’s strategy has been rooted in its Environmental, Social and Governance (ESG) commitments. This year’s sustainability report highlights Emera’s continued commitment to investing in cleaner and renewable energy, while focusing on increasing reliability and maintaining customer affordability. Some of the achievements highlighted in this year’s report include a 35 pct reduction in greenhouse gas (GHG) emissions across Emera’s operations from 2005 levels and an increase in installed renewable capacity across Emera from 832 MW in 2018, to 1,107 MW.

Decarbonization is central to Emera’s strategy, work that started in its home province. Nova Scotia Power has delivered one of the fastest transitions to cleaner energy in Canada and has already achieved greenhouse gas reductions that exceed the targets set by Canada in the COP 21 Paris Agreement.

The utility boasts one of the highest integrations of wind energy in North America at 18 per cent of total generation. Emera also completed the $1.7 billion Maritime Link project, enabling clean hydro energy to flow between Newfoundland and Labrador and Nova Scotia in 2021. In Florida, Emera has increased its solar capacity at Tampa Electric from nearly zero just a few years ago, to approximately 600MW today, with another 650MW to be installed by 2023. Additionally, the $850 million Big Bend modernization project is underway to significantly reduce the use of coal at the facility by repowering one coal unit with natural gas and retiring a second coal unit. Of Emera’s $7.5 billion capital spending plan through to 2022, 60 per cent is committed to initiatives to make energy cleaner and more reliable.

Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $32 billion in assets and 2019 revenues of more than $6.1 billion. The company primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources.

Download the Emera Inc. sustainability report HERE (Source: Emera, PR, Oct., 2020) Contact: Emera, Scott Balfour, President and CEO, www.emera.com

More Low-Carbon Energy News Emera news,  Renewable Energy news,  Carbon Emissions news,  


Powerfuel Proposes UK Carbon Neutral Waste-to-Energy Plant (Int'l.)
Powerfuel Portland
Date: 2020-10-12
In the UK, Dorset-headquartered waste recycling and waste-to-energy firm Powerfuel Portland reports it has submitted a planning application to develop a Refuse Derived Fuel (RDF) facility to generate 15MW of electricity using up to 202,000 tpy of largely combustible organic, household and commercial municipal solid waste as fuel.

The proposed Energy Recovery Facility (ERF) will use the latest technologies and best available techniques to safely and efficiently produce low carbon energy from non-recyclable waste. The facility could also feature a local heat network to provide sustainable heat for local services, businesses and housing projects.

Modern ERFs are strictly monitored by the Environment Agency and subject applicable legislation including the control of emissions. ERFs can only operate with an Environmental Permit from the Environment Agency (EA) under the Pollution Prevention and Control regulations and operators must monitor and report emissions from the plant. A large proportion of the plant is devoted to cleaning emissions.

Powerfuel's commitment is that the Carbon Dioxide (CO2) and other greenhouse gas emissions (GHGs) from the ERF operation will be offset, making the project "carbon neutral", according to the company website. (Source: Powerfuel Portland, Website, PR, HUB4, 10 Oct., 2020) Contact: Powerfuel Portland, Steve McNab, Director, info@powerfuelportland.co.uk, www.powerfuelportland.co.uk

More Low-Carbon Energy News Waste-to-Energy news,  


Citigroup Targets $250Bn for Low-Carbon Activities (Ind. Report)
Citigroup
Date: 2020-07-31
NYC-headquartered banking giant Citigroup Inc., the 4th largest US bank by assets, reports it aims to lend $250 billion for low-carbon renewable energy, clean technology, water quality and conservation, sustainable transportation, green buildings, energy efficiency, circular economy and sustainable agriculture and land use over the next five years.

The bank noted it is working to measure, manage and reduce the climate risk and impact of its portfolio of clients and to that end is is participating in the development and rollout of the Partnership for Carbon Accounting Financials, a framework that will help it measure the carbon footprint of its lending portfolios. Additionally, Citi is testing the methodology for the 2016 Paris Agreement Capital Transition Assessment, a tool that will enable it to look at its most carbon-intensive sectors and clients and measure their progress toward reducing global warming.

Citigroup is also aiming for a 45 pct CO2 emission reduction reduction in its operations by 2025 from a 2010 baseline and, to that end, aims to only use renewable electricity to power its facilities globally by the end of 2020.

In 2019, Citigroup assets totaled $1.951 trillion, equity totaled $193 billion and net income came in at $19.471 billion. (Source: Citigroup, PR, MarketScreener, 29 July, 2020) Contact: Citigroup, www.citigroup.com

More Low-Carbon Energy News Citigroup,  Low Carbon Energy,  


£40Mn UK Clean Growth Fund Launched (Int'l. Report)
UK Clean Growth Fund
Date: 2020-05-22
In London, the UK government is reporting the launch of a £40 million venture capital fund for green energy, low-carbon technologies across the power, transport, waste, and building energy efficiency sectors.

The fund seeks investments in early stage, seed or Series A rounds in 'exciting, innovative clean growth start-ups". Qualifying projects could include: energy storage and smart grid systems to bolster resilience in the power system; renewable heating and ventilation technologies across homes and commercial buildings; and bio-fuels and bio-energy systems.

Investment parameters for the fund focus on clean growth technologies, hardware, products and services in sectors including power generation, waste, energy networks, buildings management, industries, bioenergy and alternative fuels. The fund will be managed by Clean Growth Investment Management (CGIM). (Source: UK Clean Growth Fund, 21 May, 2020) Contact: UK Clean Growth Fund, www.gov.uk/government/publications/clean-growth-equity-fund

More Low-Carbon Energy News UK Clean Growth Fund,  Low Carbon Energy,  


DRAX Launches Biomass Supply Chain Carbon Calculator (Int'l.)
Drax,DRAX
Date: 2020-05-08
In North Yorkshire, UK power generation company DRAX Group has launched a Biomass Carbon Calculator to help to decarbonize the production and transportation of biomass pellets, used for low carbon energy generation.

The Biomass Carbon Calculator is in line with the company's drive to become carbon-negative by 2030 and the UK's effort to achieve net-zero carbon by 2050.

The calculator, which will use real-time supply chain data to improve emission reporting and identify points where carbon reductions can be made, in compliance with the European Union's Renewable Energy Directive II. (Source: DRAX, Trade Media,6 May, 2020) Contact: DRAX, Will Gardiner, CEO, +44 0 1757 618381, www.draxpower.com

More Low-Carbon Energy News Drax,  DRAX,  Woody Biomass,  Biomass Pellet,  Carbon Emissions,  


TOTAL Touts $400Mn Carbon Neutrality Venture Fund (Int'l.)
TOTAL
Date: 2019-10-25
Paris-headquartered French oil and gas major TOTAL is reporting the launch of its Carbon Neutrality Ventures Fund to support carbon reduction technology start-ups. The $400 million (€275.8 million) fund will invest globally in ventures developing energy storage, smart mobility, low carbon energy, bioplastics and recycling technologies.

According to the company, the "fund will allow us to expand the reach of our low carbon businesses beyond our own borders." (Source: Total, Various Media, renews.biz, 24 Oct., 2019) Contact: Total, +33 (0)1 47 44 45 46, www.total.com/en

More Low-Carbon Energy News TOTAL Oil & Gas,  Carbon Neutrality,  Carbon Emissions,  


MIT, ENI Continue Low-Carbon Energy Cooperation (Ind. Report)
MIT, ENI
Date: 2019-10-21
In a joint statement, The Massachusetts Institute of Technology Energy Initiative (MITEI) reports the Rome-based Italian energy giant ENI Eni has renewed their low-carbon energy research collaboration until 2023.

MIT and ENI cooperation has resulted in numerous research successes and 30 patent filings for low-carbon technologies and innovations including the development of nanotechnologies and materials for lightweight, flexible solar photovoltaics, advancing magnetic fusion energy technology and others, according to a joint statement. (Source: MIT, Ruhmuna Daily, 19 Oct., 2019) ENI, Claudio Descalzi, CEO, +39 06 598 21, +39 06 598 22141 - fax., www.ein.com; MIT Energy Initiative, Louis Carranza, Assoc. Dir., energy.mit.edu

More Low-Carbon Energy News Low Carbon Energy,  


BIG's Ince Woody Biomass Power Plant Operational in UK (Int'l)
Bioenergy Infrastructure Group
Date: 2019-04-12
In the UK, Bioenergy Infrastructure Group (BIG) reports its Ince Bio Power plant in Ince, Cheshire has completed test and is now fully operational.

The 21.5 MW plant, which processes up to 170,000 tpy of waste wood to generate low carbon energy, produces sufficient electric power for more than 40,000 homes. The plant will deliver a net reduction in greenhouse gas emissions worth around 65,000 tpy of CO2, the equivalent of taking more than 40,000 cars off the road.

BIG also owns and operates energy from waste wood biomass plants in Birmingham, Northern Ireland and Widnes and has projects under development in Hull, Lanark in Scotland and Hoddesdon in Hertfordshire. (Source: Bioenergy Infrastructure Group, PR, LesProm, 11 April, 2019) Contact: Bioenergy Infrastructure Group, Alex Young, Project Dev., +44 118 929 8350, www.bioenergyinfrastructure.co.uk

More Low-Carbon Energy News Bioenergy Infrastructure Group,  Woody Biomass,  Waste Wood,  ,  


PEI Landfill Gas Project Wins Low-Carbon Energy Funding (Funding)
Enwave Energy Corporation
Date: 2019-03-25
Toronto-headquartered Enwave Energy Corporation reports it is inline to receive as much as $3.5 million in funding through the Government of Canada's Low Carbon Energy Fund to upgrade and expand an existing waste-to-energy system that will divert an additional 23,000 tonnes of organic waste from the Charlottetown District Energy System regional landfill in Prince Edward Island. The project will reduce landfill methane emissions, increase annual energy production, and reduce PEI's fuel oil consumption.

According to Clean Energy Canada, the energy-efficiency measures in Canada's climate plan will help improve Canada's economy and environment between now and 2030 by creating 118,000 new jobs, boosting the nation's GDP by $356 billion, and save Canadian households an average of $114 a year.

The Low Carbon Economy Fund Challenge provides over $500 million in funding to support projects that will leverage ingenuity across the country to reduce emissions and generate clean growth. (Source: Gov. of Canada, Minister of Environment and Climate Change, Enwave Energy, PRN, 24 Mar., 2019) Contact: Enwave Energy Corporation, (416)392-6838, www.enwave.com; Canada Low Carbon Energy Fund, www.canada.ca/en/environment-climate.../low-carbon-economy-fund.html

More Low-Carbon Energy News Methane,  Landfill Gas,  Enwave Energy Corporation,  


"Green New Deal" Calls for Increased Renewable Energy (Reg & Leg.)
Rep. Alexandria Ocasio-Cortez
Date: 2019-02-08
In Washington, DC, Rep. Alexandria Ocasio-Cortez (Dem -NY) and Mass. Sen. Ed Markey (Dem) have released their "Green New Deal" legislative proposal that sets broad goals to address climate change, cut carbon emissions, create jobs and boost the economy nation wide.

In broad strokes, the Green New Deal sets goals for measures to cut carbon emissions from electric power generation to transportation to agriculture. The bill calls for a "10-year national mobilizations" toward accomplishing a series of goals, including "meeting 100 pct of the power demand in the United States through clean, renewable, and zero-emission energy sources." The ultimate goal is to stop using fossil fuels entirely, as well as to transition away from nuclear energy. Specifically, the Green Deal calls for:

  • upgrading the energy efficiency of all existing buildings in the country;

  • working with farmers to eliminate pollution and greenhouse gas emissions to the degree technically possible;

  • an overhauling of transportation systems to reduce emissions -- including expanding electric car manufacturing, building charging stations, and expanding high-speed rail to "a scale where air travel stops becoming necessary";

  • a guaranteed job with a family-sustaining wage, adequate family and medical leave, paid vacations and retirement security for all Americans; and

  • high-quality health care" for all.

    The non-binding, Green New Deal framework basically combines big climate-change-related ideas with a wish list of progressive economic proposals that, taken together, would touch nearly every American and overhaul the economy.

    Download the complete Green New Deal proposal HERE. (Source: Various Sources, NPR, 7 Feb., 2019) Contact: Sen. Ed Markey, 617-565-8519, www.markey.senate.gov; Rep. Alexandria Ocasio-Cortez, 929-388-6141, Twitter https://twitter.com/AOC

    More Low-Carbon Energy News Green New Deal,  Carbon Emissions,  Low Carbon Energy,  Sen. Ed Markey ,  


  • Notable Quote

    Date: 2019-02-08
    "Even the solutions that we have considered big and bold are nowhere near the scale of the actual problem that climate change presents to us. It ( the Green New Deal) could be part of a larger solution, but no one has actually scoped out what that larger solution would entail. And so that's really what we're trying to accomplish with the Green New Deal." -- Rep. Alexandria Ocasio-Cortez (Dem -NY) Contact: Rep. Alexandria Ocasio-Cortez, 929-388-6141, Twitter https://twitter.com/AOC

    More Low-Carbon Energy News Green New Deal,  Cliamte Change,  Low Carbon Energy,  


    Centrica Report Touts Distributed Low-Carbon Energy Tech (Int'l)
    Centrica
    Date: 2018-10-17
    In the UK, Powering Sustainability, a new study from British Gas owner Centrica Plc has found that the country's healthcare, industrial, and hospitality sectors could meet more than half of their greenhouse gas reduction targets for 2030 by deploying distributed low carbon energy technologies such as battery storage, energy efficiency and onsite renewable energy power generation. The report notes that efficiency measures could deliver an 11 per cent CO2 saving across the healthcare, industrial, and hospitality sectors which together represent over 27 pct of the UK's greenhouse gas emissions.

    The government's 2017 Clean Growth Strategy challenged UK businesses to improve their energy efficiency -- productivity by 20 pct by 2030, and the report argues distributed energy technologies could help companies achieve around half of that target. The reports says the deployment of distributed energy technologies in just half of organizations across the three sectors could achieve savings of 9 megatonnes per year of carbon dioxide equivalent for a total of 137MtCO2e by 2030.

    The government's independent Committee on Climate Change has warned the UK is currently off track to meet its binding emissions goals for the late 2020s and early 2030s. (Source: Centrica, Business Green, Oct., 2018) Contact: Centrica, www.centrica.com

    More Low-Carbon Energy News Centrica,  Carbon Emissions,  Energy Eficiency,  

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