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Fund
Electricity Transmission
UK Transmission Companies Criticise $32bn Ofgem Transition Fund
UK energy network regulator Ofgem has announced $32bn (£25bn) of funding to help the country’s energy distributors toward net-zero networks.
Market Analysis
Will Trump's New Investment Proposal Help The Oil & Gas Industry?
The U.S. Department of Labor – which has recently proposed a rule that would limit retirement funds' investments based on environmental, social, and governance…
Wind Farm
New Partnership Targets 138MW of Onshore Wind Capacity in India
Climate Fund Managers and AMPYR Energy have partnered to develop, construct and operate 138MW of onshore wind farms in India.
LNG
Japan Bets Big on Mozambique Liquefied Natural Gas
The money will fund the development of a gas field in the African country to produce some 12 million tons of LNG annually.
Energy Storage Battery
Varta Receives €300m Funding to Pilot Large Format Li-ion Cells
Germany-headquartered battery manufacturer Varta will receive €300 million of government funding to develop large format lithium-ion cells.
Solar Power Plant
Portugal's EDP Backs Eight Renewable Projects Across Africa
Portuguese renewable energy company EDP has announced €500,000 in funding to help Africa accelerate its uptake of renewable energy.
Hydropower Plant
Tajikistan Hydro Project Receives $50m Rehabilitation Funding
The World Bank has approved additional grant financing of $50m for a second phase of rehabilitation at Nurek hydropower plant in the central Asia country of Taj…
Vendor Funded Deployment of Hybrid PV Solar Power
Expressions of interest for Vendor Funded Deployment of Hybrid PV Solar Power at Telone Sites
Oil Price
Oil Prices Will Hit $50 Before The End Of The Year
Despite fears of a second wave of COVID-19, oil markets rebounded last week, showing signs of improving fundamentals as global supplies continue to tighten.
Energy Storage Project
Gore Street Acquires 50MW Scottish Storage Project
Energy storage investment fund Gore Street has reached a deal to acquire 100% of the 50MW Ferrymuir project in Fife, Scotland.
Energy Storage Project
UK Cryogenic Energy Storage Project Granted £10m in Government Funding
UK energy storage innovation firm Highview Power, has been awarded £10 million by the UK Department for Business, Energy & Industrial Strategy for a 50MW cryog…
Electric Car
Lyft Commits to 100% EVs by 2030
Ridesharing company Lyft—in collaboration with Environmental Defense Fund—has commited to reach 100% electric vehicles on the Lyft platform by 2030.
PowerGrid Technology
Maryland Announces Funding for 14 Microgrid Projects
Maryland yesterday announced winners in its resilience solicitation, 14 facilities that speak to the range of operations now pursuing microgrid projects — from…
Geothermal Power Plant
Geothermal Project at Lakelse Lake in BC, Canada Clears Exploration Milestone
The geothermal project by Kitselas Geothermal Inc. has cleared a major exploration milestone and is looking now for more funding from government sources.
Energy Technology
Six EU Countries Lead Push for Clean Hydrogen Support
Hydrogen fuel is a low-carbon technology that will be funded by the EU's Coronavirus Recovery Fund.
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