Energy Update
Originally published at ILSR.org
The Constellation Prize was new to me (and most everyone) in 2020 when I got word of the nomination for some work that I had been involved in with the New York State Capitol, also known as the “Governor Nelson A. Rockefeller Empire State Plaza” in Albany.
Public support for clean energy is growing at a pace of knots and most governments now also view climate change as a non-negotiable priority to tackle. Additionally, the business case for transitioning to a low carbon economy is now better understood and stacks up as a means of future-proofing any country from energy deficits or financial downturns.
PowerGen, a developer of on- and off-grid distributed energy said this week that it has secured long term project financing to connect 55,000 people to electricity in rural Nigeria from CrossBoundary Energy Access with construction financing provided by Oikocredit, Triodos Investment Management (Triodos IM) and EDFI ElectriFI (the EU-funded Electrification Financing Initiative).
The U.S. Energy Storage Association intends to merge with the American Clean Power Association in a move to spearhead transformative growth for renewable energies.
The merger would unify groups representing wind, solar, storage and transmission companies within the membership.
Natel Energy announced a $20 million funding round, led by Breakthrough Energy Ventures (BEV) and supported by Chevron Technology Ventures, to build momentum in deploying its flagship product, the Restoration Hydro Turbine (RHT).
New molten sodium batteries operate at lower temperatures using low- cost materials
A joint venture owned by utility giant National Grid has secured $150 million in new credit to help grow its renewable energy investment over the coming years.
Emerald Energy Venture LLC secured its $150 million portfolio revolving facility structured by SMBC, which is also lead arranger and agent. The portfolio revolver can be expanded to $250 million midway through next year.
A legal challenge by two lakeview condo dwellers seeking to block Lake Erie’s first offshore wind farm faces a high legal bar before the Ohio Supreme Court — with equally high stakes for clean energy in the region.
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