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a developer and manufacturer of Aqueous Hybrid Ion (AHI) batteries and stationary energy storage systems, recently completed the closing of a $55-million Series D financing round. Aquion spun out of Carnegie Mellon University in 2010. Aquion Energy, Inc., Earlier post.). Aquion Technical Presentation.
2010 investment by country and sector. Global clean energy finance and investment grew significantly in 2010 to $243 billion, a 30% increase from the previous year. billion in investments in 2010 represents a 39% increase from 2009. Public market financing grew 27% to $15.9 Click to enlarge. Its record $54.4
Better Place, a developer and provider of electric car networks—including battery switch stations, batteries and public/personal charge spots ( earlier post )—worldwide, has secured $200 million through a Series C equity financing from a consortium of top-tier investors and partners, nearly doubling the company’s valuation to $2.25
completed a financing for C$5 million (US$4.96 This financing provides valuable working capital for future growth, including certain strategic initiatives. Board member of Chrysler Group, joined Electrovaya in March 2010 as a member of the Board Directors. Canada-based Li-ion battery maker Electrovaya Inc. issued to the lender.
million and 4 million vehicle sales respectively), according to research company Bloomberg New Energy Finance (BNEF). The median base price of autos sold between July 2009 and June 2010 in the US was $21,800. —Glen Walker, lead transportation analyst at Bloomberg New Energy Finance. Last week, J.D. Earlier post.)
the developer of a charger with an integral continuously variable transmission (CVT) ( earlier post ), has raised $8 million in Series C equity financing round. Proceeds from the financing will help drive the company’s growth initiatives and speed up the commercialization of the SuperTurbo technology. VanDyne SuperTurbo Inc.,
The European Commission Fuel Cells and Hydrogen (FCH) Joint Undertaking (JU) has published its 2010 Call for Proposals with a budget of €89.1 Specific topics for the different areas in the 2010 Call include: Transportation and Refuelling Infrastructure (€31.6M). million, entered into the negotiation stage in April 2010.
billion in FY 2010, according to data from the National Science Foundation (NSF) FFRDC Research and Development Survey. More than $1 billion of the FY 2010 total was supplied by funds from the American Recovery and Reinvestment Act of 2009 (ARRA). billion) of the FFRDC’s total expenditures in FY 2010. billion in FY 2010.
a provider of home solar financing, announced a $100-million tax equity project financing agreement to fund SunRun’s installation of more than 3,500 new home solar installations across the nation. Pacific Energy Capital II, LLC, a non-utility subsidiary of PG&E Corporation, and SunRun Inc., SunRun will manage the projects.
While some work still remains to be completed before signing—including final documentation, financing and government approvals—Ford and Geely anticipate that a definitive sale agreement will be signed in the first quarter of 2010, with closing of the sale likely to occur in the second quarter 2010, subject to appropriate regulatory approvals.
to a record 2,351,610 units in 2010. million units in 2010 but fell short of the China total) for the sixth consecutive year. GM became the first global automaker to sell more than 2 million vehicles in China in a single year earlier in 2010. in 2010 to 543,709 vehicles. in 2010 to a new high of 550,010 vehicles.
Merger and acquisition (M&A) deals in the smart grid, energy storage, and electric vehicle (EV) sectors during the first six months of 2011 already totaled twice those made during all of 2010, and many more cash-starved start-ups are due for the auction block, according to a new report from Lux Research. billion exchanged during all of 2010.
million) loan from a consortium of four French banks—BNP Paribas, Société Genéralé, CIC and Bpifrance—to complete the financing of its demo plant. This new financing will cover the purchase of a complete fermentation unit, comprising an inoculation fermenter, a propagation fermenter, and a 5,000L production fermenter.
Big changes at Aptera … more details ( plus official press release ) after the jump: Officially Official: Aptera production pushed back to 2010. Officially Official: Aptera production pushed back to 2010. They’re not, and the release date has now been pushed back to some undefined time in 2010. FOR IMMEDIATE RELEASE.
More than 33,000 rebates have been issued since the program launched in 2010, and consumer demand has surged to about 2,500 rebates per month. Since its inception in 2010, the program has helped deploy more than 1,600 hybrid and electric trucks and buses in California.
The European Investment Bank (EIB) has signed a €125-million loan with Umicore, the Belgian-based global materials technology and recycling group, to finance part of the greenfield production facility for cathode materials in Poland. The EIB recently reaffirmed its commitment to financing projects across the entire value chain.
The European Investment Bank (EIB) will grant financing of up to €300 million (US$426 million) to Valeo for its current research projects aiming to reduce the fuel consumption and CO 2 emissions of cars and improve active safety. Tags: Europe Financing Policy Vehicle Manufacturers. billion) in loans for cleaner vehicles, thereof €3.4
For one year from September 2010, consumers, professionals and local government employees will try out 100 electric Renault-Nissan Alliance passenger cars and light commercial vehicles. The project will be launched only after the financing necessary for its implementation has been approved. Earlier post.)
Total corporate funding (including venture capital funding, public market, and debt financing) for the energy storage, smart grid, and energy efficiency sectors in 2022 was up 63% with $31.7 In 2022, announced debt and public market financing for energy storage companies increased 151% with $20.6 billion compared to $19.5
The first tranche of the financing was led by Polaris Industries and included contributions from other undisclosed investors. This $13 million round of financing puts Brammo on strong footing to continue to execute, deliver and expand distribution of our electric motorcycles to our customer pipeline. With annual 2010 sales of $1.99
billion fundraising , Tesla Motors has paid off the entire loan awarded to the company by the US Department of Energy in 2010. In 2010, Tesla was awarded a milestone-based loan, requiring matching private capital obtained via public offering, by the DOE as part of the Advanced Technology Vehicle Manufacturing (ATVM) program.
POSCO Pilbara Lithium Solution, a wholly-owned subsidiary of POSCO Holdings, will be responsible for the financing, construction, and operation of the plant. POSCO developed its own extraction technology for lithium in 2010. Earlier post.) POSCO Group’s lithium brine demo plant in Argentina.
million financing with Third Eye Capital Corporation. AE Keyes took possession of the facility under a project agreement with Cilion in March 2010, and has signed a facility lease for up to three years. In January 2010, the permissible per gallon ethanol blend in California increased from 5.7% AE Biofuels , Inc.’s
Representative costs are reported in constant December 2010 US dollars. LCOE calculations are based on assumptions regarding future unit operations, operating costs, fuel prices, financing terms, and inflation. The analysis is based on 2010 EPRI research results and updates a November 2009 assessment. Source: EPRI.
The business and government partners aim to achieve this through brokering international fleet procurement alliances, developing national, state and municipal policy frameworks, and financing solutions. The EV20 initiative will focus on sharing best practice in policy and in finance, and EV fleet procurement.
By law, these excises are the primary revenue source for financing road, bridge and transit projects. The less motor fuel used by drivers, the less revenue generated for improvements financed through the HTF. The HTF is already taking a revenue hit with the standards put in place in 2010, Buechner says. Summary of the analysis.
The equity investment provided by the ADEME, acting on behalf of the French State, shall help finance the investments required for the development and sale of more powerful electrolyzers. This company will be based in France, where it will have a dedicated engineering and production site.
The California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) has given Tesla Motors a $34.735 million tax break from sales and use taxes on $415-million worth of new manufacturing equipment for its Fremont factory. CAEATFA has made 46 such awards, including the most recent to Tesla.).
GE Energy Financial Services and GE Capital’s Equity unit provided $15 million of the amount raised by A123 in this financing. With this financing, we will begin an expansion that we expect to accelerate upon receipt of government funds. s new hybrid vehicle models, both scheduled to debut in 2010. Earlier post.)
Tesla VP of Finance and Business Operations Sreela Venkataratnam has announced her departure from the electric vehicle maker. One could criticize Tesla for a variety of things over the years, but none could deny the fact that the company has seen stellar growth since it went public in 2010. million cars per year.
Although the Company’s intent is to improve its operating efficiencies and to obtain additional financing, there is no assurance that the Company will be able to obtain such financing on favorable terms, if at all, or to successfully further reduce costs in such a way that would continue to allow the Company to operate its business.
have entered into a definitive agreement for GM to acquire AmeriCredit, a leading independent auto finance company, in an all-cash transaction valued at approximately $3.5 Direct ownership of AmeriCredit’s expertise will provide consistent availability of non-prime financing for GM customers throughout all economic cycles.
BMBS); Mercedes-Benz Auto Finance Ltd. BBAC has been producing the current E-Class in a long-wheelbase version tailored specifically for the demands of the Chinese market since May 2010; the first locally produced GLK rolled off the production line in Beijing in December 2011. Daimler in China. MBAFC) and Mercedes-Benz Leasing Co.
first round of financing in January 2009 from Emertec and Areva, the firm established its production line and created a reservoir of magnesium hydrides that was delivered to CEA-Liten in March 2010 for testing on an industrial scale. Following a €1.6m
Lightning Energy offers a full suite of charging solutions for fleets, including hardware, installation services, back-end management software, financing options and ongoing support.
Total subsidies for renewable energy stood at $66 billion in 2010 (a 10% increase from the year before); the total value of global fossil fuel subsidies is estimated at between $775 billion and more than $1 trillion in 2012, Two thirds of the renewable energy subsidies went to renewable electricity resources and the remaining third to biofuels.
Transforming agricultural residues into next-generation ethanol and biochemicals could create up to one million jobs in the EU27 by 2020, while theoretically replacing up to 62% of the EU’s forecast fossil-based gasoline consumption, according to a new study released by Bloomberg New Energy Finance with the support of Novozymes and DSM.
Daimler in China is based in Beijing and includes Mercedes-Benz (China) Ltd, Mercedes-Benz Auto Finance Ltd, Daimler Northeast Asia Parts Trading & Services Co., In addition, Daimler has been producing Mercedes-Benz vans for the Chinese market in the Fujian Benz Automotive Corporation joint venture since April 2010.
Since its launch in 2010, the CVRP program has issued half a million rebates, totaling $1.2 The existing CVRP program will continue to accept applications while funding remains available. Once funding has been exhausted, the program will close to new applications, and updated information will be available on the CVRP website. billion.
President Clinton himself made the announcement of a national PACE finance program as part of the Clinton Global Initiative meeting in New York. It’s exactly the same kind of land secured financing we’ve been reporting on here at Creative Greenius for over a year now in our coverage of AB 811.
In addition GE Capital, working with ServiceMagic, will provide financing options, enabling consumers to pay for the charger and installation costs over time. GE WattStation will be commercially available globally in 2011. In addition to the GE WattStation, GE recently announced two new partnerships to advance electric vehicle adoption.
By 2020, the emergence of mega super cities in developing economies will affect personal mobility, driving the demand for EVs, according to new a new report analysis from Frost & Sullivan, 360 Degree Perspective of the Global Electric Vehicle Market - 2010 Edition.
increase over FY 2010 estimates— to support scientific innovation, develop clean and secure energy technologies, maintain national security, and reduce environmental risk. increase over FY 2010 estimates. increase over FY 2010 estimates. Select EERE Programs and Financing (US$ millions). 2010 est. 2011 prop.
A report published by the European Court of Auditors (ECA)—the official institution that audits EU finances— found that two-thirds of urban transport projects co-financed by EU structural funds are underutilized. The auditors also physically visited the co-financed facilities, and the operating and maintenance centres.
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