More climate-friendly production of foods, clean fuels and chemicals in Europe is receiving a boost from the EU-Catalyst partnership, a joint initiative by the European Investment Bank (EIB), the European Commission and Breakthrough Energy Catalyst.
Energy equipment manufacturer Rondo Energy is receiving €75 million through grants and venture debt (subject to the satisfaction of funding conditions), so it can deploy in Europe a technology for turning intermittent renewable electricity into the continuous, high-temperature heat and power required by food, clean-fuel and chemical producers. Rondo will use the funding to expand its European presence and build projects delivering low-cost, continuous, high-pressure, zero-carbon steam and power as a service. This involves...
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