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Geothermal and Lithium firm Arverne going IPO in France

ThinkGeoEnergy

Reported from France today, geothermal and lithium group Arverne, created by former oil companies to take advantage of geothermal energy, enters the stock market today. The company specializing in drilling hopes to boost the activities of its subsidiaries, from the production of lithium for batteries to geothermal energy for all.

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The clean energy transition is just getting started with much more to come in 2024

Smart Energy International

AI as an ally of energy transition DNV forecasts $12tn into grid and renewables in US and Canada by 2050 Looking ahead to 2024, we anticipate: Concrete policy commitments for clean energy deployment In 2024, countries will promulgate specific plans and targets to accelerate policy momentum and achieve the ambitious targets set at COP 28.

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? Nuclear’s day in the sun #177

Climate Tech VC

Do the next best thing and read our COP reflections.  Last COP featured the conference’s first nuclear-themed pavilion, and this year boasted eight. A fusion of world powers Scientists have also been chasing nuclear fusion for decades , but again COP could reflect a global paradigm shift. Happy Monday! 

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? Alterra’s $30B bridge for climate financing #176

Climate Tech VC

The first few days of COP have ushered in a wave of major announcements and funding pledges. Al Jaber as Chairman of Alterra, and also host of COP28, has already stirred controversy due to his role as President of ADNOC and rumored intention to broker fossil fuel deals during COP. A well-Time(d) profile on Sultan Al Jaber leading COP.

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? Ammonia goes from fertilizer to fuel #180

Climate Tech VC

Fortescue unveiled a green ammonia dual-fuel ship at COP. Other 🔋 Northvolt , a Stockholm, Sweden-based lithium-ion battery manufacturer, raised €902m ($986m) in Grant and Debt funding from The European Commission. BYD began construction of the largest 30 GWh sodium-ion battery facility for small EVs in Xuzhou, China.

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November 2021 Cleantech Roundup: Infrastructure | Corporate Buying Coalitions | NET Power

Clean Energy Trust

The COP 26 climate conference took place! For example, $7.5 billion for bus electrification sounds like a lot, but if you are buying buses at $900,000 a pop , your money doesn’t go that far (back of the envelope math suggests that it might cost the Chicago Transit Authority $1.5 billion or so to electrify their entire bus fleet).

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? The BFD with BYD #169

Climate Tech VC

It’s been making its own batteries since the days before US automakers were even thinking about lithium-ion supply chains. The automaker manufactured a specialized LFP battery, an alternative lithium-ion chemistry that swaps iron and phosphate in for the more expensive nickel or cobalt cathode materials.