International Energy Agency

Recurrent Energy Announces $500 Million Capital Commitment from BlackRock to Grow Its Global Renewable Energy Platform

Retrieved on:

Tuesday, January 23, 2024

Banco Santander, Electricity, Partnership, Kilowatt-hour, BofA Securities, BlackRock, Growth, International Energy Agency, Exchange, Form 6-K, Security (finance), Wood, Renewable energy

The $500 million investment will represent 20% of the outstanding fully diluted shares of Recurrent Energy on an as-converted basis.

Key Points:

The $500 million investment will represent 20% of the outstanding fully diluted shares of Recurrent Energy on an as-converted basis.
Canadian Solar will continue to own the remaining majority shares of Recurrent Energy after the closing of the investment.
Ismael Guerrero, CEO of Recurrent Energy, added, "We are delighted to have the support of BlackRock, one of the largest and most sophisticated renewable energy investors in the world, as we scale Recurrent Energy in response to massive global demand for renewable energy and energy storage solutions.
We believe this partnership will help unlock the full potential of Recurrent Energy's impressive renewable energy project development platform.

To accelerate decarbonization, focus on the power of electrification and digitalization, Schneider Electric urges as Davos meeting kicks off

Retrieved on:

Monday, January 15, 2024

United Nations Global Compact, Research, Energy management, Policy, Partnership, Science, Government, International Energy Agency, WAS, Carbon, Climate change, Targets, Schneider Electric, Pressure, Science Based Targets initiative, Private sector, Automation, Renewable energy

They form the backdrop to the World Economic Forum’s annual meeting in Davos, Switzerland, from 15-19 January, which several senior Schneider Electric executives are attending .

Key Points:

They form the backdrop to the World Economic Forum’s annual meeting in Davos, Switzerland, from 15-19 January, which several senior Schneider Electric executives are attending .
“With energy accounting for 80% of carbon emissions, the energy transition is central to decarbonization,” said Peter Herweck, CEO of Schneider Electric.
Last year, Schneider Electric partnered with the International Energy Agency to bring together government and business leaders for a major conference on the topic .
Another key area of focus is tackling the indirect emissions generated by companies’ “Scope 3” emissions activities.

Barclays establishes new Energy Transition Group to support clients on the path to net zero

Retrieved on:

Thursday, January 11, 2024

Barclays today announces that it is establishing a new Energy Transition Group, within its Corporate and Investment Bank.

Key Points:

Barclays today announces that it is establishing a new Energy Transition Group, within its Corporate and Investment Bank.
The new group will be responsible for providing strategic advice to clients as they explore potential energy transition opportunities.
“At Barclays, we have long believed the energy transition will effectively re-shape how businesses and the world are thinking about the transition to net-zero,” says Cathal Deasy, Global Co-Head of Investment Banking.
In 2020, Barclays announced its 2050 net zero ambition and subsequently set 2025 emissions targets for the Energy and Power sectors.

HONEYWELL AND NXP SEMICONDUCTORS COLLABORATE TO HELP ENHANCE BUILDING ENERGY MANAGEMENT

Retrieved on:

Thursday, January 11, 2024

NXPI, LAS, NXP Semiconductors, MOU, IEA, International Energy Agency, NXP, BMS, CES, Machine learning, Automation, Internet of things

LAS VEGAS, Jan. 11, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) and NXP® Semiconductors N.V. (NASDAQ: NXPI) announced at CES 2024 that they have signed a Memorandum of Understanding (MOU) to help optimize the way commercial buildings sense and securely control energy consumption.

Key Points:

Today's smart energy solutions increasingly leverage machine learning and data analytics to enhance buildings' autonomy and energy efficiency.
The collaboration aims to help make buildings operate more intelligently by integrating NXP Semiconductors' neural network-enabled, industrial-grade applications processors into Honeywell's building management systems (BMS).
The MOU will initially focus on the Honeywell Optimizer Suite, which offers a flexible, more future-proofed building control and automation platform.
More broadly, the efforts aim to deliver smart energy solutions powered by AI/machine learning and data analytics to enhance building autonomy, driving energy efficiency while guiding service technicians.

$36 Billion in Critical Minerals Investment at Stake in BC

Retrieved on:

Monday, January 8, 2024

Mining, First Nations, International Energy Agency, Gold, Employment

“The realization of benefits from these critical mineral projects is dependent on BC having competitive fiscal and regulatory policies that will attract the investment necessary to grow and sustain the sector.

Key Points:

“The realization of benefits from these critical mineral projects is dependent on BC having competitive fiscal and regulatory policies that will attract the investment necessary to grow and sustain the sector.
The provincial government’s forthcoming critical minerals strategy is fundamental to these efforts,” said Michael Goehring, President and CEO of MABC.
According to the International Energy Agency, global demand for critical minerals is expected to increase six-fold by 2040.
“This is a generational opportunity which must be seized and could position BC as a leading global supplier of responsibly-produced critical minerals.

Electric vehicles and the challenge of fire risks in car parks

Retrieved on:

Thursday, January 4, 2024

Fire, Risk, Building, Research, Paseo de la Castellana, City, International Energy Agency, EVS, University of Putra Malaysia, Universidad, Adoption, Transport, Time, Safety

As car parks fill up with more and more electric vehicles, these structures become, essentially, large-scale battery storage systems, greatly heightening the risk of fire.

Key Points:

As car parks fill up with more and more electric vehicles, these structures become, essentially, large-scale battery storage systems, greatly heightening the risk of fire.
Despite these discrepancies, the most pressing concern is the conspicuous lack of specific fire safety regulations for alternative vehicles, including electric vehicles, in some European countries.
As of 2020, building codes in several countries – Spain, the Netherlands, and Norway – all lacked specific fire safety design regulations for electric vehicles in car parks.
This absence of specific regulations raises significant questions for the design of both new and existing enclosed car parks.

EV Battery Materials and Related Technologies Set to Fuel the Electric Vehicle Battery Market to $93.94 Billion by 2026: BIS Research

Retrieved on:

Wednesday, January 3, 2024

Moreover, over 140 new or expanded sites have been established for EV assembly and EV component or charger manufacturing.

Key Points:

Moreover, over 140 new or expanded sites have been established for EV assembly and EV component or charger manufacturing.
These materials are intended to power affordable and accessible electric vehicle (EV) batteries that align with General Motors' EV propulsion architecture, known as the Ultium Platform.
The EV battery manufacturing process begins with extracting and processing raw materials such as lithium, nickel, and cobalt.
With the rising demand for lightweight vehicles, electric vehicle battery manufacturers are channeling investments into structural adhesives, replacing traditional mechanical fasteners.

EV Battery Materials and Related Technologies Set to Fuel the Electric Vehicle Battery Market to $93.94 Billion by 2026: BIS Research

Retrieved on:

Wednesday, January 3, 2024

Moreover, over 140 new or expanded sites have been established for EV assembly and EV component or charger manufacturing.

Key Points:

Moreover, over 140 new or expanded sites have been established for EV assembly and EV component or charger manufacturing.
These materials are intended to power affordable and accessible electric vehicle (EV) batteries that align with General Motors' EV propulsion architecture, known as the Ultium Platform.
The EV battery manufacturing process begins with extracting and processing raw materials such as lithium, nickel, and cobalt.
With the rising demand for lightweight vehicles, electric vehicle battery manufacturers are channeling investments into structural adhesives, replacing traditional mechanical fasteners.

Additives Market for EV Adhesives and Sealants - Global and Regional Analysis and Forecast, 2023-2032 - ResearchAndMarkets.com

Retrieved on:

Friday, December 29, 2023

The "Additives Market for EV Adhesives and Sealants - A Global and Regional Analysis: Focus on Vehicle Type, Propulsion Type, Additive Type, Product Type, Function, Sales Channel, and Region - Analysis and Forecast, 2023-2032" report has been added to ResearchAndMarkets.com's offering.

Key Points:

The "Additives Market for EV Adhesives and Sealants - A Global and Regional Analysis: Focus on Vehicle Type, Propulsion Type, Additive Type, Product Type, Function, Sales Channel, and Region - Analysis and Forecast, 2023-2032" report has been added to ResearchAndMarkets.com's offering.
Ambitious policies are essential for the growth of the EV industry, which, in turn, drives the demand for additives in EV adhesives and sealants.
Several factors are driving the growth of the additives market in EV adhesives and sealants.
The additives market for EV adhesives and sealants is poised for significant growth, driven by the increasing adoption of electric vehicles and the need for advanced materials to support this growth.

Nayax Announces Nayax Energy

Retrieved on:

Tuesday, December 12, 2023

Marketing, Nayax, AC, International Energy Agency, Metre, Growth, EV, Renewable energy

The Nayax Energy line of business will combine all these offerings under one business and sales will be executed by Nayax sales representatives.

Key Points:

The Nayax Energy line of business will combine all these offerings under one business and sales will be executed by Nayax sales representatives.
Nayax Energy is looking ahead to 2030, when, according to the International Energy Agency, 230 million EVs are expected to be on the road, and over 250 million charging stations will be needed to address this growth.
This rapidly expanding market offers an opportunity for Nayax Energy to achieve its mission of simplifying payments and energy management to maximize loyalty for the energy industry.
This places Nayax Energy in an excellent position to address these needs and alignment of the company's vision with these goals will help achieve this seamlessness.