Finance & Investment

HSBC has approved a $100 million investment in Breakthrough Energy Catalyst, a private-public accelerator program aimed at raising funds for innovations that might play a critical role in the energy revolution, edie.net writes. Breakthrough Energy Catalyst is part of Bill Gates’ wider Breakthrough Energy network of programs, which he established in 2015. Gates said earlier …

HSBC contributes $100 million to Bill Gates’ sustainable energy innovation fund Read More »

The European Commission said Jan. 26 that EU member states have agreed to spend Eur1.037 billion ($1.16 billion) in cross-border energy infrastructure projects, with two-thirds of cash from the Connecting Europe Facility going toward a subsea power interconnector to Cyprus. The EuroAsia Interconnector, which connects Cyprus to the European grid through Crete, received Eur657 million, …

EU to invest billion euros in Green Deal cross-border energy infrastructure Read More »

General Motors announced on Tuesday that it will invest $7 billion in a battery facility in Michigan and renovate an existing manufacturing plant west of Detroit to start producing electric pickup trucks by 2024, The New York Times reported. According to GM, the investment will generate 4,000 employment and greatly improve the company’s ability to …

General Motors Announced $7mn Investment in EV Factories Read More »

Enel Green Power, the renewable energy division of Italy’s Enel, plans to build 6.1GW of new renewable capacity in 2021, following the construction of 5.1GW of new wind farms, solar plants, and battery energy storage systems (BESS) last year. “Year after year, we will lift the bar” to meet a 2030 goal of 154GW in …

Enel aims record 6.1GW of new clean energy capacity in 2022 Read More »

Talmon Marco co-founded mobile messaging business Viber in 2010, which was bought for $900 million in 2014 by Japanese Internet giant Rakuten. Marco co-founded the ride-hailing business Juno in 2015, which was purchased for $200 million by the Israeli transportation giant Gett in 2017. Marco shifted his attention in the years after Juno’s acquisition to …

Billionaire entrepreneur turns to green hydrogen after selling two tech companies Read More »

Clean energy stocks have been hammered and since the beginning of the year, two indexes that measure the sector—WinderHill Clean Energy and S&P Global Clean Energy—have declined 13.9% and 8.2%, respectively. The WinderHill index has dropped 54% from its high at the beginning of 2021, while the S&P index has down 39%. (For reference, the …

Clean Energy Stocks Soon to Recover, Experts Say Read More »

The age of ever-cheaper sustainable energy is finished, bringing new uncertainty to global energy markets already pummeled by one supply issue after another. Renewables have become the cheapest source of power in most of the globe due to relentless price drops over the last decade. Solar panel costs, on the other hand, have risen by …

Global Inflation Brings an End to the Era of Ever-Cheaper Clean Energy Read More »