US announces $2.3bn in new clean energy manufacturing tax credits
11th January 2010
US President Barack Obama has announced awardees of the clean energy manufacturing tax credit in the American Recovery and Reinvestment Act.
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Posts Tagged ‘CCS’
US university researchers receive EPA grant to study carbon emission storage
2nd December 2009
Researchers Ron Falta and Larry Murdoch from South Carolina’s Clemson University have received an $891,000 grant from the US Environmental Protection Agency to study the safe storage of CO2 in geological formations located deep below the earth’s surface.
E.ON shelves UK’s Kingsnorth coal plant
8th October 2009
Energy giant E.ON has decided to defer an investment decision on its Kingsnorth coal-powered plant for up to two to three years.
Pennsylvania Department of Environmental Protection funds new carbon capture technology
22nd September 2009
The US state of Pennsylvania’s Department of Environmental Protection is to provide a $1m grant to assist the project testing of new carbon capture technology designed to capture at least 95 per cent of CO2 from a coal-fired test plant near Pittsburgh.
Carbon Capture and Storage Continues to Garner Attention on Capitol Hill
7th September 2009
Fresh on the heels of the Energy Department’s decision to move forward with FutureGen, a public-private partnership to design, build and operate the world’s first coal-fueled, near-zero emissions power plant in Illinois, US Senators Bob Casey and Mike Enzi have introduced the Carbon Storage Stewardship Trust Fund Act of 2009 (or the ‘Casey-Enzi Bill’), writes Annemargaret Connolly and Matthew Morton of law firm Weil Gotshal & Manges.
Scottish Government invests £1.6m in funding in the Scottish European Green Energy Centre
18th August 2009
The Scottish Government is to invest £1.6m in Aberdeen’s Scottish European Green Energy Centre (SEGEC), through the European Regional Development Fund.
Cooperative Research Centre receive £10m in funding to continue research into carbon capture and storage
17th August 2009
The Cooperative Research Centre for Greenhouse Gas Technologies (C02CRC) has received £10m in funding from the Australian Government’s Cooperative Research Centre to continue research until 2015.
Australian carbon capture and storage research collaboration receives government funding
13th August 2009
Australian carbon capture and storage (CCS) research collaboration the Cooperative Research Centre for Greenhouse Gas Technologies (CO2CRC) has been funded in the 11th selection round of the Australian Government’s Cooperative Research Centres (CRC) Program. The group is one of ten successful CRCs funded.
ScottishPower carbon capture and storage consortium boosted with appointment of Shell and National Grid
13th August 2009
Shell UK and National Grid are joining ScottishPower’s carbon capture and storage (CCS) consortium, as the energy company sets out to deliver the UK’s first commercial size CCS system operating from a coal-fired power station by 2014.
New Chemrec project launched in Sweden, to deliver biofuels in 2010
12th August 2009
Bioenergy company Chemrec’s pulp mill-integrated BioDME (dimethyl ether) biorefinery demonstration plant project is to break ground in September in Piteå, Sweden, with expected biofuel production by mid-2010.
US electric utility Duke Energy to work with China Huaneng Group to pursue renewable and other clean energy technologies
10th August 2009
US electric utility Duke Energy, has signed a Memorandum of Understanding to explore renewable and clean energy technologies with China Huaneng Group, China’s biggest electric utility.
E.ON makes bid for European carbon capture funding
22nd July 2009
Energy company E.ON has submitted an entry for European funding in support of its proposed carbon capture and storage (CCS) development at Kingsnorth in Kent, England.
US and China announce joint clean energy research effort
16th July 2009
US Energy Secretary Steven Chu, Chinese Minister of Science Wan Gang, and Administrator of National Energy Administration Zhang Guo Bao have announced plans to develop a US-China Clean Energy Research Center.
Secretary Chu announces $408m in Recovery Act funding for new technologies to advance carbon capture and storage
2nd July 2009
US Department of Energy Secretary Steven Chu has announced that projects by Basin Electric Power Cooperative and Hydrogen Energy International have been selected for up to $408m in funding from the American Recovery and Reinvestment Act. The two projects selected - an existing power plant in North Dakota and a new facility in California - will incorporate advanced technologies to reduce carbon dioxide (CO2) emissions.
International co-operation on climate change vital, says Miliband
22nd June 2009
International co-operation on climate change is vital, with policy and investment in innovation necessary for progress, according to Ed Miliband MP, Secretary of State for Energy and Climate Change, in a recent speech to the Fabian Society.
Scotland unveils route to green energy future
17th June 2009
A massive increase in clean, green energy and full take up of electric and alternative fuel vehicles is needed to drastically cut emissions by 2050 and transform Scotland into a low carbon economy, in line with new measures as part of the Scottish Government’s Climate Change Delivery Plan, which sets out a vision to meet the world leading Climate Change Bill target to reduce greenhouse gas emissions by 80 per cent by 2050.
New Department of Energy funding announced for US carbon capture, solar energy and high efficiency cars and trucks
12th June 2009
US Energy Secretary Steven Chu has announced more than $300m worth of investments that will boost a range of clean energy technologies - including carbon capture from coal, solar power, and high efficiency cars and trucks. The move reflects the Obama Administration’s commitment to a broad based strategy that will create millions of jobs while transforming the way we use and produce energy, according to a DOE statement.
Secretary Chu announces $2.4bn in funding for carbon capture and storage projects
18th May 2009
US Secretary of Energy Steven Chu has announced that $2.4bn from the American Recovery and Reinvestment Act will be used to expand and accelerate the commercial deployment of carbon capture and storage (CCS) technology. The funding is part of the Obama Administration’s ongoing effort to develop technologies to reduce the emission of carbon dioxide, a major greenhouse gas and contributor to global climate change, into the atmosphere while creating new jobs, according to a statement.
Energy Provisions in the Stimulus Act
28th April 2009
The American Recovery and Reinvestment Act recently passed by Congress contains an array of energy initiatives that seeks to overhaul the American energy landscape. With a renewed and purposeful focus on energy research and development, climate change, and tax policy, the Act aims to reduce the nation’s dependence on foreign oil, increase our renewable energy production and efficiency, accelerate deployment of smart grid technology, and provide funding and support to those involved in tackling the nation’s energy challenges, according to Rahoul Roy, Paul G Afonso and Anil P Ranganath of law firm Brown Rudnick.
President Obama pledges to increase investment in science and energy innovation
28th April 2009
Speaking at the National Academy of Sciences, US President Barack Obama pledged to increase investment in scientific research and innovation.
No new coal without CCS, according to UK Government
23rd April 2009
A future that curbs emissions from new coal fired power stations, and will see the UK lead the world in the development of carbon capture and storage (CCS) technology, was proposed by UK Secretary for Energy and Climate Change Ed Miliband today.
Carbon capture and storage company Powerspan closes $50m in new financing
23rd April 2009
Powerspan Corp., a clean energy technology company, has closed over $50m in new financing from a group of new investors including George Soros, Tenaska Energy, Inc., investment management firm AllianceBernstein, and private equity firm Persimmon Tree Capital, and returning investors NGEN Partners, The Beacon Group, The Tremont Group, RockPort Capital Partners LP, Calvert, Angeleno Group, Fluor Corporation and FirstEnergy Corp.
UK Government pledges billions in support of renewable energy
22nd April 2009
In today’s budget address, Chancellor Alistair Darling announced measures to support the UK’s burgeoning green economy. These included £1bn in support of the fight against climate change and a commitment for the UK to cut CO2 emissions by 34 per cent by 2020.
Alstom and Dow Chemicals to build carbon capture plant in West Virginia, US
31st March 2009
Alstom, a power generation company, and The Dow Chemical Company, a diversified chemical company, have teamed up to design and construct a pilot plant to capture CO2 from a coal-fired boiler at one of Dow’s facilities in West Virginia, US.
Venture-backed carbon capture technology company GreatPoint Energy partners with University of Massachusetts Dartmouth to support of clean energy R&D
5th March 2009
Venture-backed carbon capture technology company GreatPoint Energy, Inc., has partnered with the University of Massachusetts Dartmouth to support clean energy technology development in the state.
UK sets sights on clean coal power plants
26th February 2009
UK Secretary for Energy and Climate Change Ed Miliband is looking to develop carbon capture and storage schemes (CCS), despite facing challenges in funding from the government, according to The Guardian.
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profiles
NewNet Investor Profile: James Hall-Smith, HSBC Specialist Fund Management
11th March 2010
James Hall-Smith of HSBC discusses the drivers behind the growth of the European renewable energy scene and the opportunities this affords to infrastructure investors and project financiers alike.
‘I think there is an increased interest from a corporate governance and sustainability perspective. This makes many institutions focus on this area. There is also a recognition of the drivers behind environmental infrastructure, from the fundamentals of creating the best opportunity to tackling climate change, whilst also looking to gain energy security and satisfy the social and political drivers.'--- 1 Comment
knowledge
Europe on track to beat 2020 renewable target
15th March 2010
The European Union said that it is on track to meet its commitment for 20 per cent of power production met by renewable resources by 2020. The EU is on course to surpass the target set out in the Renewable Energy Directive by 0.3 per cent, according to a recent forecast.--- 1 Comment
features
US biodiesel supplier Renewable Energy Group says industry has ground to halt without incentive
12th March 2010
Biodiesel supplier Renewable Energy Group (REG) told NewNet the biofuels industry in the US has almost entirely ground to a halt since the lapse of the government tax credits took effect at the beginning of the year.--- 2 Comments
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