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Tag: Investing

Rio Tinto Investing $1.2 Billion to Modernize Quebec Hydropower Plant

May 17, 2025
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Global mining giant Rio Tinto said it will invest $ 1.2 billion to modernize a hydroelectric power plant in Quebec, Canada. The company on May 15 said the project is part of its bid to secure future aluminum production in the Canadian province. The money will pay for upgrades to the Isle-Maligne hydropower plant, which was commissioned in 1926 in Alma, Quebec.

The post Rio Tinto Investing $ 1.2 Billion to Modernize Quebec Hydropower Plant appeared first on POWER Magazine.

Isle-Maligne hydropwer - Stantec

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India Investing Millions for Microgrids

February 22, 2022
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A Colorado company that serves rural communities with solar power-based microgrids announced an investment that would provide more than 100 installations across two states in India.

Husk Power Systems on Feb. 17 said it had closed $ 4.2 million in debt financing from the India Renewable Energy Development Agency (IREDA) to build as many as 140 microgrids in Uttar Pradesh and Bihar, areas where Husk has operated smaller power generation projects since 2008.

Husk officials said that in addition to the IREDA loan, the company expects to raise an another $ 18 million in debt this year to support project deployment, and also is starting fundraising for a Series D equity round. Husk in its announcement said the company, which has primarily served communities in India and Africa, expects to have about 1,300 small power projects in operation by 2025 across multiple markets.

“The IREDA financing demonstrates the Government of India’s vision in making microgrids an integral part of its net-zero goal put forward at COP26,” said Manoj Sinha, Husk’s CEO and co-founder.…

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How the U.S. Is Investing in Advanced Coal Technologies

June 11, 2019
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The U.S. is investing heavily to ensure its future coal-fired power fleet will be cleaner, more efficient, and more flexible, experts said at the 9th International Conference on Clean Coal Technologies in Houston on June 4.

The conference—which is taking place this week in the U.S. for the first time—is spearheaded by the IEA Clean Coal Centre (IEA CCC), an autonomous collaborative partnership organized under the International Energy Agency (IEA), and co-hosted by the U.S. Department of Energy (DOE). The U.S. Energy Association (USEA), which represents 150 members across the U.S. energy sector, is also backing the conference. As Andrew Minchener, general manager of the IEA CCC, noted, the conference and workshop are modes of “knowledge transfer and capacity building,” but the event also serves as a “clear and impartial dialogue on the relative merits on coal technologies.”

For the most part, discussions at the conference about the future of coal were framed by the drastic changes affecting the energy sector, including concerted decarbonization efforts bolstered by the Paris Agreement, that threaten to diminish coal’s share in global energy demand.…

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