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  1. Statoil wins offshore wind power lease in New York

    Statoil has been declared the provisional winner of the U.S. government’s wind power lease sale of 79,350 acres offshore New York. Statoil will now have the opportunity to explore the potential development of an offshore wind farm to provide New York City and Long Island with a significant, long-term source of renewable electricity. Statoil submitted a winning bid of $42,469,725 during the online offshore wind auction concluded today by the U.S. Department of the Interior's Bureau of Ocean Energy Management (BOEM). The lease comprises an area that could potentially accommodate more than 1 GW of offshore wind, with a phased development expected to start with 400-600 MW. The New York Wind Energy Area is located 14-30 miles (30-60 km) offshore, spans 79,350 acres (321 km2), and covers water depths between 65 and 131 feet (20-40 meters). Statoil will next conduct studies to better understand the seabed conditions, the grid connection options and wind resources involved in the lease site. The State of New York projects that offshore wind will be a significant part of the renewable energy generation needed to meet its Clean Energy Standard in 2030. In Europe, Statoil is developing an offshore wind portfolio with the capacity of providing over 1 million homes with renewable energy. Statoil currently holds a 40% share in the Sheringham Shoal wind farm in the UK, which has been in production since 2012. The Dudgeon offshore wind farm, also located offshore Norfolk in the UK – and the world’s first floating offshore wind farm, Hywind Scotland – will come in production in 2017. Earlier this year, Statoil acquired 50% of the Arkona offshore wind farm in Germany, which will come in production in 2019. Statoil is an integrated, technology-based international energy company primarily focused on upstream oil and gas operations. From a daily production of approximately 1.8 million barrels of oil equivalent (BOE), more than 270,000 BOE stem from the company’s onshore and offshore oil and gas fields in the U.S. Statoil’s Energy Ventures Fund, launched in February 2016, is one of the world’s largest clean technology venture capital funds, dedicated to the successful advancement of viable renewable energy projects.

    Online Articles

    Online Articles

    Tue, 20 Dec 2016

  2. Bill Gates-backed fund pledges $1bn for clean energy

    Breakthrough Energy Ventures, a fund drawing from the world’s wealthiest individuals, has announced it will be allocating $1bn towards investment in clean energy technologies.

    Online Articles

    Online Articles

    Tue, 13 Dec 2016

  3. $1.1bn spent on start-ups by EU energy firms

    European energy companies have spent around $1.1bn on start-ups in a bid to adapt to the changed circumstances facing their industries in recent years.

    Online Articles

    Online Articles

    Mon, 5 Dec 2016

  4. Venture capital smart grid funding reaches $405 million

    There were 94 total venture capital investors in 2013, with 12 active investors participating in multiple deals

    Online Articles

    Online Articles

    Wed, 22 Jan 2014

  1. Venture capital funding in smart grid sector goes flat

    Online Articles

    Online Articles

    Wed, 24 Apr 2013

  2. LEIF: Venture capital investment in water technology bubbling up

    A report released today by the London Environmental Investment Forum reveals increasing venture capital investment activity in companies that are providing innovative water solutions to the oil and gas and mining industries.

    Online Articles

    Online Articles

    Fri, 11 May 2012

  3. Nth Power Technologies raises $120.5 million for its second energy venture capital fund

    Nth Power Technologies, Inc., a provider in the field of energy and power industry venture capital , announced today that it completed raising $120.5 million last week from new and existing investors for its second venture capital fund.

    Online Articles

    Online Articles

    Tue, 17 Oct 2000

  4. Mitsubishi, Shell and Johnson Matthey establish venture capital company for the hydrogen economy

    Mitsubishi Corporation, Shell Hydrogen and Johnson Matthey plc announced the creation of a venture capital company focused on the high growth area of fuel cells and related hydrogen technologies.

    Online Articles

    Online Articles

    Mon, 4 Feb 2002

  5. Backup power distorting UK capacity market - report

    Backup power installations funded by tax incentive schemes have distorted the UK's capacity market and negatively affected taxpayers, a new report has claimed.

    Online Articles

    Online Articles

    Mon, 17 Oct 2016

  6. Total Energy Ventures invests in smart grids with AutoGrid

    Total Energy Ventures, the venture capital arm of Total that invests in start-ups, has acquired an interest in AutoGrid, a company that develops digital solutions to manage and optimize energy supplied to and from the power grids.

    Online Articles

    Online Articles

    Mon, 19 Sep 2016

  7. Backup power funding distorting UK capacity market - report

    Backup power installations funded by tax incentive schemes have distorted the UK's capacity market and negatively affected costs for taxpayers, a new report has claimed.

    Online Articles

    Online Articles

    Mon, 17 Oct 2016

  8. Argonne National Lab, Exelon launch R&D partnership for clean energy, power grid

    The agreement combines Exelon’s market knowledge with Argonne’s broad research and expertise in all phases of energy production

    Online Articles

    Online Articles

    Wed, 19 Oct 2016

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