May 17, 2020
Honda earns recognition as America's Greenest Automaker
2 min
Honda has been recognized as Americas “Greenest Automaker” by the Union of Concerned Scientists (UCS). This marks the fifth consecutive...
Honda has been recognized as America’s “Greenest Automaker” by the Union of Concerned Scientists (UCS). This marks the fifth consecutive time the automaker has been given this award, which is determined by the lowest combined score of its smog-forming and greenhouse gas emissions, primarily CO2, in its U.S. auto fleet.
Honda has been the leader in UCS rankings in regard to overall vehicle environmental performance since the year 2000. This year, Honda earned the industry-best score based on its model year 2008 data, which is the latest available for analysis.
“As with the past four awards, we accept this fifth honor as both recognition of our success and a challenge for the future," said John Mendel, executive vice president of American Honda Motor Co., Inc. “We continue to accelerate our efforts to improve fuel economy and reduce emissions that contribute to global climate change.”
“Honda’s decade-long claim to the Greenest Automaker title has set a high bar for the industry,” said Jim Kliesch, a senior engineer with the Union of Concerned Scientists. “The companies that do best in our analysis continually strive not only to sell the greenest vehicles, but also to green their best-sellers.”
Honda’s corporate average fuel economy (CAFE) was increased by 1 mpg for the model year 2009, which is a 3.3 percent increase over the previous model year, and 9.8 percent higher than the MY2009 industry average, as reported by the U.S. Department of Transportation. Honda has also advanced the fuel economy and emissions performance of its U.S. automobile fleet by introducing the Insight, the world’s most affordable hybrid, and the CR-Z, the world’s first production sport hybrid coup.
Jul 22, 2021
Octopus Renewables buys Eclipse Power
3 min
The deal, completed with funds managed by Octopus, furthers Octopus’ involvement in the electricity distribution sector
Octopus Renewables has strengthened its electricity distribution profile by fully acquiring Eclipse Power for an undisclosed sum.
The deal, which was completed with funds managed by Octopus, furthers Octopus’ involvement in the electricity distribution sector, having worked with Eclipse since 2018. It will allow Eclipse to continue the expansion of its team, while also investing in its systems, technology, and pipeline, with the ambition of making it one of UK’s leading IDNOs.
Eclipse has secured a portfolio of more than 10,000 connections across residential, industrial, commercial, battery storage and electric vehicle charging customers. Given the focus on electrification of heat, transport and industry in the UK, Eclipse is expected to play an important role in facilitating the UK’s energy transition.
Octopus Renewables is the largest investor of utility scale solar power in Europe, as well as a leading investor in onshore wind and biomass, managing a global portfolio valued at more than £3.5 billion. Institutional investor Nest partnered with the company in March.
Peter Dias, Investment Director, Octopus Renewables, said: “Having worked with Eclipse since 2018 and seeing their exciting growth, we’re thrilled to be able to make this acquisition and support the team to maintain this momentum.
“The acquisition of Eclipse is part of our strategy to identify and back great management teams that are supporting the energy transition. With ongoing support and investment, our investee businesses will have access to the expertise, business networks and financing to be able to scale faster and help contribute towards the UK’s net-zero goals.
“High-quality management of the distribution networks is going to be critical for the UK, and we are very pleased to be directly supporting the decarbonisation of heat, transport, and industry through this acquisition of Eclipse.”
Gary Gay, Managing Director, Eclipse, added Octopus shares a clear understanding of the important role that electricity distribution networks will play in the UK’s drive towards net-zero, and importance of a customer-focussed approach for building future smart distribution networks.
“With that, we are excited to now be part of the Octopus Group, with this investment helping us to reach the next stage of our growth journey and contribute to a greener, more efficient electricity network in the UK.”
Global renewables updates
ReNew Power recently won a 200MW/ac Interstate Transmission System (ISTS) solar generation project in an auction conducted by the Maharashtra State Electricity Distribution Company. ReNew Power expects to sign a 25-Year Power Purchase Agreement with the utility by the third fiscal quarter of 2022 to supply clean energy to Maharashtra at a tariff of Rs 2.43/ kWh (~US$0.033).
Natel Energy, a supplier of sustainable hydropower solutions, has announced a $20M funding round led by Breakthrough Energy Ventures and supported by Chevron Technology Ventures.
The company will use the funding to deploy its Restoration Hydro Turbine (RHT), which enables cost-effective production of distributed reliable renewable energy.
Duke Energy Florida plans to invest an estimated $1 billion in 10 new solar power plants across Florida, including the construction of four new sites, which will begin in early 2022 and will take approximately 9 to 12 months to complete. Construction of all 10 sites is projected to be finished by late 2024.
LG Electronics has made public its commitment to transition completely to renewable energy by 2050 as a key component of its sustainability strategy.
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