green

15 Aug

Chevron-Backed Cleantech Firm Gets Up to $100 Million From Canada

stp2y0 CommentsRAG models3M CO, canada, CHEVRON CORP, Government, green, industries, new york, Singapore, SVANTE TECHNOLOGIES INC, Technology, UNITED AIRLINES HOLDINGS INC, Valuation, Vancouver

Canada’s new green technology fund is putting as much as $100 million into a carbon-capture firm that’s backed by Chevron Corp. to help it commercialize its technology.Svante Technologies Inc., based near Vancouver, has developed filters to catch carbon dioxide out of the air and concentrate it for other uses. The Canadian government’s Canada Growth Fund has agreed to inject $50 million through a convertible note, with a further $50 million potentially available for future projects. Source link lol

28 Jun

China is plowing $11 billion into a solar, wind and coal energy project

stp2y0 CommentsNewschina, coal, energy, green, news, solar, tomorrow

A state-owned power company is splashing out 80 billion yuan ($11 billion) on an energy base that will generate electricity from , and sources. China Three Gorges Renewables Group, a subsidiary of the country’s largest hydropower company, plans to build a plant with a 16-gigawatt capacity and a five-gigawatt storage facility, reports.This is part of China’s aim to build 455 gigawatts worth of renewable energy projects in the desert by 2030. This plant is being constructed in Inner Mongolia, which will get 135 gigawatts of the total planned output.The China Three Gorges Corporation is looking to diversify its energy sources…