FTSE 100 holds on to slight gains; Wall Street digests positive jobless claims data
The UK blue chip index closed higher after positive economic news
FTSE 100 adds 37 points
US stocks see mixed performance
UK service sector growth fastest since 2013
5:05pm: BoE meeting propels FTSE to positive day
The FTSE 100 ended Thursday up 37 points, 0.5%, at 7,076, while the FTSE 250 added 105 points, 0.5%, to 22,491. UK stocks have managed to stave off any of the losses seen on mainland Europe, with a positive assessment from the Bank of England highlighting a strong 2021, IG Senior Market Analyst Joshua Mahony said. The Bank of England meeting gave plenty of grounds for optimism, with the bank raising forecasts to predict the best year of growth since the second world war. The dramatic upgrade in growth forecasts saw the bank predict a rate of 7.25% over the course of 2021; up from the February outlook for 5%.
Wednesday, 05 May 2021
Clean Energy Technologies, Inc. has announced it has entered into a Memorandum of Understanding (MOU) with Ashfield Ag Resources to co-develop its initial biomass renewable energy processing facility using the revolutionary high temperature ablative fast pyrolysis reactor (HTAP Biomass Reactor). Located in Massachusetts, this project will convert forest biomass waste products to renewably generated electricity and BioChar fertilizer. The parties agreed in principle to the critical components which are expected to annually deliver up to 14,600 MWh of renewable electricity and 1,500 tons of BioChar by Q1 2022.
The MOU, which is subject to the execution of definitive agreements, provides the CETY project with rights to feedstock, site control, approved grid interconnection and Power Purchase Agreement revenues. CETY management forecasts up to a 35% NPV (over 10yr horizon) on the $15,000,000 project and internal rates of return of up to 12%. With a longer t
Solid-state battery company Solid Power closes $130M Series B led by BMW, Ford and Volta
Solid Power, a developer of all solid-state batteries for electric vehicles, announced a $130-million Series B investment round led by the BMW Group, Ford Motor Company and Volta Energy Technologies. Ford and the BMW Group have also expanded existing joint development agreements with Solid Power to secure all solid-state batteries for future electric vehicles.
Volta Energy Technologies is a venture capital firm spun out of the US Department of Energy’s Argonne National Laboratory focused on investing in breakthrough energy storage and battery innovations.
The investment positions Solid Power to produce full-scale automotive batteries, increase associated material output and expand in-house production capabilities for future vehicle integration. The BMW Group and Ford aim to utilize Solid Power’s low-cost, high-energy all solid-state battery technology in forthcoming electric vehicles.
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COSTA MESA, Calif., April 29, 2021 /PRNewswire/ Clean Energy Technologies, Inc. (OTCQB: CETY), announced today that it has entered into a Memorandum of Understanding (MOU) with Ashfield Ag Resources to co-develop its initial biomass renewable energy processing facility using the revolutionary high temperature ablative fast pyrolysis reactor (HTAP Biomass Reactor). Located in Massachusetts, this project will convert forest biomass waste products to renewably generated electricity and BioChar fertilizer. The parties agreed in principle to the critical components which are expected to annually deliver up to 14,600 MWh of renewable electricity and 1,500 tons of BioChar by Q1 2022.
Credit: (Credit: Thor Swift/Berkeley Lab)
Plastics are a part of nearly every product we use on a daily basis. The average person in the U.S. generates about 100 kg of plastic waste per year, most of which goes straight to a landfill. A team led by Corinne Scown, Brett Helms, Jay Keasling, and Kristin Persson at Lawrence Berkeley National Laboratory (Berkeley Lab) set out to change that.
Less than two years ago, Helms announced the invention of a new plastic that could tackle the waste crisis head on. Called poly(diketoenamine), or PDK, the material has all the convenient properties of traditional plastics while avoiding the environmental pitfalls, because unlike traditional plastics, PDKs can be recycled indefinitely with no loss in quality.