Canary Media | Covering the clean energy transition
WEBAmbitious, nonprofit journalism powered by RMI for the clean energy transition, economy-wide decarbonization, and climate tech markets.
World’s first major green steel project locks down - Canary Media
WEBJan 23, 2024 · The debt portion of the financing, amounting to € 4 billion ($ 4. 35 billion), comes from a group of more than 20 lenders that includes government entities such as the European Investment Bank and major banks such as BNP Paribas. H 2 also added nearly € 300 million ($ 327 million) in new equity funding from a group of both new investors, like Microsoft Climate Innovation Fund, and existing ...
Huge EV battery recycling facility comes online in Ohio
WEBAug 23, 2024 · The Inflation Reduction Act, the keystone of U.S. climate policy, includes additional provisions to incentivize domestic battery recycling, including the 45 X advanced manufacturing production tax credit. The Department of Energy’s Loan Programs Office has also made a $ 2 billion conditional loan commitment to Redwood Materials to build a $ 3. 5 billion lithium-ion battery recycling plant in ...
Magma and hot rocks: Iceland seeks the future of… | Canary Media
WEBJul 22, 2024 · In 2017, IDDP drilled a second well, on the Reykjanes peninsula, and successfully reached its target depth of over 2. 8 miles. But, just as with the first well, the drilling project revealed significant challenges. At extreme temperatures and pressures, the fluids and gases in the ground corrode or dissolve drilling equipment and well casings — the steel pipes that help bring steam and water ...
PosiGen raises $100M to bring solar and efficiency… | Canary Media
WEBJan 10, 2022 · PosiGen, a provider of solar power and efficiency solutions for low- to moderate-income households, just closed a $ 100 million equity financing round that will enable the company to continue working toward its environmental justice mission.. Most leading residential solar installers target affluent ZIP codes and customers with high FICO credit scores, but Thomas Neyhart, the CEO of PosiGen ...
GreenStruxure gets $500M to grow… | Canary Media
WEBMay 25, 2021 · Jose Lorenzo, CEO of GreenStruxure, thinks that on-site solar PV and batteries, plus the occasional generator or combined-heat-and-power system, can give commercial buildings across the United States cheaper, cleaner and more reliable energy — particularly if they can be deployed at no cost to the building owners in question. He also thinks those projects can yield even greater returns for ...
Chart: The US is officially the world’s biggest LNG exporter
WEBOct 20, 2023 · Most U.S. LNG exports depart from the Gulf Coast, where massive terminals liquefy gas and pump it onto gigantic ships that carry it elsewhere in the world — these days, primarily to Europe. Two-thirds of U.S. LNG exports in the first half of this year went to European Union countries and the U.K., in large part to compensate for the lack of Russian gas as Russia’s war in Ukraine grinds on.
ESS is betting the world is ready for a billion-dollar battery…
WEBJun 24, 2021 · Clean energy startups that toiled in obscurity for years have been going public and becoming billion-dollar companies. Oregon-based ESS wants to be the next one.. Instead of storing clean electricity in lithium-ion batteries, ESS makes a “ flow battery” that moves electrons with a liquid mixture of iron and salt. ESS stands to capitalize on a few trends in the clean energy market:
A small modular nuclear reactor just got - Canary Media
WEBJan 23, 2023 · NuScale Power, a pioneer in small nuclear reactors, cleared the ultimate U.S. regulatory hurdle in civilian advanced nuclear last week — and in doing so provided some hope for the long-heralded nuclear renaissance.. In a historic ruling, the Nuclear Regulatory Commission certified the design of NuScale’s 50-megawatt power module, the first small modular reactor and just the seventh reactor ...
To decarbonize cement, the industry needs a full… | Canary Media
WEBOct 24, 2023 · “These are technologies” that cement companies “ could do right now if they could embrace them,” Chan said. That “ do right now” list includes the clinker substitution Holcim is already having success with, but also changes to the fuel sources that power cement production.. The U.S. cement industry has already cut its emissions-intensity per metric ton of cement by roughly 10 ...