Clean Energy Ministerial

Cummins Reports Third Quarter 2023 Results

Retrieved on: 
Thursday, November 2, 2023
Vehicle Technology, EV, Electric Vehicles, Machinery, Batteries, Alternative Vehicles, Fuels, General Automotive, Technology, Automotive, Other Manufacturing, Engineering, Automotive Manufacturing, Manufacturing, PACCAR, NYSE, Tax, Generally Accepted Accounting Principles (United States), CMI, Primearth EV Energy, Clean Energy Ministerial, EBITDA, Minister of Employment, Workforce Development and Disability Inclusion, Acquisition, Cell, Freightliner, Growth, Inc., Cascadia, Kilowatt-hour, Depreciation, Employment, Total, Investment, Natural gas, Video game, Bank, Renewable energy, Airline, Woman, Meritor

Cummins Inc. (NYSE: CMI) today reported results for the third quarter of 2023.

Key Points: 
  • Cummins Inc. (NYSE: CMI) today reported results for the third quarter of 2023.
  • Third quarter revenues of $8.4 billion increased 15 percent from the same quarter in 2022.
  • Results included costs associated with the separation of Atmus of $26 million, or $0.14 per diluted share, in the third quarter of 2023, and $16 million in the third quarter of 2022.
  • During the third quarter, Freightliner announced they are partnering with Cummins to offer the new Cummins X15N natural gas engine in its heavy-duty Freightliner Cascadia trucks.

Cummins Reports Strong Second Quarter 2023 Results

Retrieved on: 
Thursday, August 3, 2023
Technology, Engineering, Automotive Manufacturing, Other Energy, Manufacturing, Aftermarket, Automotive, Batteries, Trucking, Rail, Energy, Transport, Software, Data Management, IPO, Inc., GES, Clean Energy Ministerial, ISO, Stock dilution, Tax, TML, Generally Accepted Accounting Principles (United States), Progress, Daimler, Organization, JEP, Investment, Mining, CMI, Filtration, Depreciation, Growth, Tata Motors, NYSE, Video game, Bank, Renewable energy, Airline, Kenworth, Penske Corporation, EBITDA, Meritor

Cummins Inc. (NYSE: CMI) today reported results for the second quarter of 2023.

Key Points: 
  • Cummins Inc. (NYSE: CMI) today reported results for the second quarter of 2023.
  • Second quarter revenues of $8.6 billion increased 31 percent from the same quarter in 2022.
  • “Strong demand across most of our key markets and regions resulted in record revenues and solid profitability for the company in the second quarter of 2023,” said Jennifer Rumsey, Chair and CEO.
  • Results included costs associated with the separation of Atmus of $23 million, or $0.13 per diluted share, in the second quarter of 2023, and $29 million, or $0.16 per diluted share, in the second quarter of 2022.

COP28 President Calls On All Countries to Join Global Cooling Pledge in the lead up to COP28

Retrieved on: 
Sunday, July 23, 2023
Vaccine, Science and technology in India, Partnership, Food, COP28, Global stocktake, United Nations, Sustainable energy, Policy, Pledge, International Renewable Energy Agency, GHG, Medicine, Paris Agreement, Sustainable Energy for All, Expo 2020, UNEP, Clean Energy Ministerial, IRENA, Global cooling, Conference, Cool, Renewable energy, Tutoring, Drug, Science

In his remarks, the COP28 President Designate reiterated his commitment to the Pledge, saying "We cannot expand cooling on a business-as-usual basis.

Key Points: 
  • In his remarks, the COP28 President Designate reiterated his commitment to the Pledge, saying "We cannot expand cooling on a business-as-usual basis.
  • He highlighted that the cooling dilemma can provide cooling access to those who need it without undermining the energy transition.
  • I call on all countries to join the Global Cooling Pledge in the lead up to COP28."
  • As mandated by the Paris Climate Agreement, COP28 UAE will deliver the first ever Global Stocktake – a comprehensive evaluation of progress against climate goals.

COP28 and IEA Convene Global Energy Decision Makers to Accelerate a Just, Orderly Energy Transition

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Friday, July 21, 2023
Private sector, United Nations Framework Convention on Climate Change, Paris Agreement, Paris, COP28, Partnership, Global stocktake, IEA, Climate, International Energy Agency, Policy, UNFCCC, Initiative, International Renewable Energy Agency, Climate change, Government, COP, Expo 2020, Party, Clean Energy Ministerial, IRENA, Conference, News, Renewable energy, Drug

Dialogues aim to bring government and energy industry together to define how to accelerate action towards 1.5 degrees at COP28.

Key Points: 
  • Dialogues aim to bring government and energy industry together to define how to accelerate action towards 1.5 degrees at COP28.
  • Events are being co-chaired by COP28 President-Designate Dr. Sultan Al Jaber and Dr. Fatih Birol, Executive Director of the IEA.
  • Dialogues will engage public and private sector energy decision makers, reflecting a holistic view of the global energy system.
  • The aim is to engage public and private sector decisio makers in the energy industry to produce a holistic, global view of the energy system.

ReNew Signs MoUs for INR 640 Billion (~US $7.8 bn) for Green Energy Projects

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Friday, July 21, 2023
Science, Other Energy, Other Science, Utilities, Environment, Alternative Energy, Energy, Green Technology, INR, Wind, REC Limited, REC, G20, Corporate finance, Power Finance Corporation, PFC, Clean Energy Ministerial, Microsoft, Renewable energy, ReNew

ReNew Energy Global Plc (“ReNew”) (Nasdaq: RNW, RNWWW), India's leading decarbonisation solutions company, announced on Friday that it has signed Memorandums of Understanding (MoUs) worth INR 640 billion (~US $7.8 bn) with Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) for its green energy projects.

Key Points: 
  • ReNew Energy Global Plc (“ReNew”) (Nasdaq: RNW, RNWWW), India's leading decarbonisation solutions company, announced on Friday that it has signed Memorandums of Understanding (MoUs) worth INR 640 billion (~US $7.8 bn) with Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) for its green energy projects.
  • According to the MoUs signed with the lenders at the Clean Energy Ministerial meeting in Goa, ReNew will receive INR 320 billion (~US $3.9 bn) each from PFC and REC for financing its current and upcoming energy transition projects.
  • The MoUs support the ongoing efforts to further the clean energy transition under India's G20 presidency.
  • These MoUs will help us meet our current and future financing needs and demonstrate ReNew’s ability to raise long-term financing for large-scale green energy projects.

New initiative to scale low-carbon fuel production adopted by ministers at global energy summit

Retrieved on: 
Thursday, July 20, 2023
National Energy Technology Laboratory, International Chamber of Shipping, Private sector, Paris, International, Paris Agreement, Partnership, Clean Energy Ministerial, MEPC, Hydrogen, International Association, International Renewable Energy Agency, Carbon, Government, Ship, ICS, MISC, Ammonia, CEM, IRENA, IAPH, Transport, United Arab Emirates, Renewable energy

GOA, India, July 20, 2023 /PRNewswire/ -- The Clean Energy Ministerial (CEM) has today adopted the Clean Energy Marine Hubs Initiative (CEM-Hubs) at a summit in Goa, India.

Key Points: 
  • GOA, India, July 20, 2023 /PRNewswire/ -- The Clean Energy Ministerial (CEM) has today adopted the Clean Energy Marine Hubs Initiative (CEM-Hubs) at a summit in Goa, India.
  • But the production centres, vessels and port infrastructure required to accommodate expected demand do not currently exist at commercial scale.
  • The Clean Energy Marine Hubs Initiative is a truly public-private platform between energy, maritime, shipping and finance communities.
  • Jorge Rivera, Government of Panama's National Energy Secretary, commented:
    "We are very excited about the launching of the Clean Energy Marine Hubs initiative.

New initiative to scale low-carbon fuel production adopted by ministers at global energy summit

Retrieved on: 
Thursday, July 20, 2023
National Energy Technology Laboratory, International Chamber of Shipping, Private sector, Paris, International, Paris Agreement, Partnership, Clean Energy Ministerial, MEPC, Hydrogen, International Association, International Renewable Energy Agency, Carbon, Government, Ship, ICS, MISC, Ammonia, CEM, IRENA, IAPH, Transport, United Arab Emirates, Renewable energy

GOA, India, July 20, 2023 /PRNewswire/ -- The Clean Energy Ministerial (CEM) has today adopted the Clean Energy Marine Hubs Initiative (CEM-Hubs) at a summit in Goa, India.

Key Points: 
  • GOA, India, July 20, 2023 /PRNewswire/ -- The Clean Energy Ministerial (CEM) has today adopted the Clean Energy Marine Hubs Initiative (CEM-Hubs) at a summit in Goa, India.
  • But the production centres, vessels and port infrastructure required to accommodate expected demand do not currently exist at commercial scale.
  • The Clean Energy Marine Hubs Initiative is a truly public-private platform between energy, maritime, shipping and finance communities.
  • Jorge Rivera, Government of Panama's National Energy Secretary, commented:
    "We are very excited about the launching of the Clean Energy Marine Hubs initiative.

Global Battery Swapping Charging Infrastructure Market to 2030: Increasing Demand for Public Charging Infrastructure Drives Growth

Retrieved on: 
Wednesday, April 12, 2023
Maintenance, EV, Clean Energy Ministerial, Anxiety, International Energy Agency, Electric vehicle, COVID-19, Key, EVS, EVI, Car, CEM, Growth, City, Longevity, CO2, Rail transport, Electric battery, Food delivery, Iron ore, Internet service provider

It provides longevity for long journeys by reducing users' range anxiety by providing them instant battery swapping at multiple locations.

Key Points: 
  • It provides longevity for long journeys by reducing users' range anxiety by providing them instant battery swapping at multiple locations.
  • The demand for battery-swapping charging infrastructure is closely related to and dependent on the demand for electric vehicles.
  • With the increasing demand for EVs, demand for public charging infrastructure also increased, driving the growth of the global market.
  • Battery swapping charging infrastructure market by subscription, 2017 - 2030
    7.1.

LanzaTech Produces Ethylene from CO2, Changing the Way We Make Products Today

Retrieved on: 
Tuesday, October 11, 2022
Carbon, Pressure, Time, Aviation biofuel, Machine learning, Person, Plastic, Synthetic biology, Biology, Clean Energy Ministerial, Nasdaq, Artificial intelligence, Temperature, Plant, Climate Week NYC, Detergent, Chemical industry, CO, Climate, GLOBE, Ethanol, Climate change, Transformation, Forward-looking statement, Solution, Risk, Engineering, CO2, Renewable energy, Coal

This development can reverse this paradigm by turning CO2 into a resource from which ethylene can be produced in a continuous, low temperature, energy efficient process.

Key Points: 
  • This development can reverse this paradigm by turning CO2 into a resource from which ethylene can be produced in a continuous, low temperature, energy efficient process.
  • LanzaTech has previously produced ethylene via the indirect ethanol pathway, taking ethanol produced from carbon emissions and then converting this ethanol to ethylene.
  • This latest development bypasses this conversion step in sustainable ethylene production, making the process less energy intensive and more efficient.
  • All forward-looking statements attributable to LanzaTech or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements.

Minister Wilkinson Positions Canada as a Clean Energy Supplier of Choice and Leader on Climate Action at the Global Clean Energy Action Forum

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Friday, September 23, 2022
Zero, Carbon, Hydrogen, People, MI-4, Minister, Cortex Innovation Community, Forum, CEM, International Energy Agency, Natural Resources Canada, Global Cement and Concrete Association, Organization, Knowledge, Chancellor of Germany, Major Economies Forum on Energy and Climate Change, Initiative, Natural Resources, Mission Innovation, Technology, Private sector, Solution, Met, Science, Chief executive officer, Government, COP27, Association, Government of Canada, Clean Energy Ministerial, Inclusivism, Innovation, GCCA, Petroleum, Renewable energy, Medical device

In response to price volatility and energy security concerns, Canada and its international partners have doubled-down on the global energy transition.

Key Points: 
  • In response to price volatility and energy security concerns, Canada and its international partners have doubled-down on the global energy transition.
  • Today, the Honourable Jonathan Wilkinson, Minister of Natural Resources, concluded his participation at the first Global Clean Energy Action Forum (GCEAF) in Pittsburgh, Pennsylvania.
  • "Canada has the wealth of talent and resources to be the world's clean energy and technology supplier of choice as the world doubles down on ambitious climate action.
  • The United States hosted the first-ever Global Clean Energy Action Forum, a joint convening of the 13th Clean Energy Ministerial and the 7th Mission Innovation ministerial.