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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 will begin shipping production units to customers in the first half of 2014 from its manufacturing facility in Westmoreland County, Pennsylvania.
During 2014, the global plug-in electric vehicle (PEV) industry is poised to grow by 86% and will surpass more than 346,000 new vehicles sold, according to a new white paper—“ Electric Vehicles: 10 Predictions for 2014 ”—published by Navigant Research. Nonetheless, 2014 may be a breakout year for e-motorcycles.
The US Department of Energy (DOE) has issued a Request for Information (RFI) ( DE-FOA-0001055 ) for light-duty fuel cell electric vehicles (FCEV) fueling infrastructure financing strategies within the context of an early market introduction. Responses are due by 31 January 2014.
million in Series C financing. The Series C financing follows a $19-million Series B round in 2009 and brings the total raised by Achates Power to nearly $90 million since its 2004 founding. overseeing all powertrain technologies, as well as the 2014 Society of Automotive Engineers (SAE International) presidential nominee.
The offering constituted the second tranche of the bridge financing previously announced on 8 April 2014. Ultracapacitor company Nesscap Energy Inc. has completed a non-brokered private placement of a US $1,000,000 Convertible Note with I2BF Energy. The proceeds will be used for working capital.
million loan guarantee to the Advanced Clean Energy Storage project in Delta, Utah (ACES Delta)—marking the first loan guarantee for a new clean energy technology project from DOE’s Loan Programs Office (LPO) since 2014. The US Department of Energy (DOE) closed on a $504.4-million Rendering of Advanced Clean Energy Storage salt cavern.
Cool Planet Energy Systems, a renewable fuels and biochar company ( earlier post ), closed on its targeted $100 million Series D financing. The company broke ground on its first biofuel production facility in Alexandria, Louisiana, on 26 February 2014.
The US Environmental Protection Agency (EPA) will not finalize the 2014 applicable percentage standards (the 2014 Renewable Volume Obligations, RVOs) under the Renewable Fuel Standard (RFS) program until sometime next year. Earlier post.). Nearly all gasoline sold in the US is now E10 (10% ethanol). Reactions to the new delay.
Coca-Cola is converting all of its newly purchased 2014 Chevrolet Express service vans into fuel-efficient hybrid-electric vehicles using XL Hybrids’ powertrain technology. Separately, XL Hybrids announced it has raised $3 million in a pre-Series C debt financing round from WindSail Capital Group. Earlier post.)
After the initial batch of 1,000 model year 2013 cars, production will increase to 4,000-6,000 cars as of model year 2014. The two companies have financed the development project jointly. Volvo Car Corporation is now ramping up production of the new Volvo V60 Plug-in Hybrid. Earlier post.)
The BASF subsidiary led a $50-million financing round, joined by new and existing investors. Hamilton said in an interview that the company plans to build a facility by 2014 that will ship sugar that can compete in cost with Brazil’s sugar-cane crop. Earlier post.) In cooperation with BASF, we will be moving it to the industrial scale.
IG Metall, Germany’s largest union as well as Europe’s largest industrial union, warns that at Hüttenwerke Krupp Mannesmann (HKM), the switch to climate-neutral steel production is may fail due to the lack of financing. By 2025 HKM will have taken measures to reduce CO 2 emissions by at least 30% when compared to 2014.
By the end of 2014, Tesla expects combined sales in Europe and Asia to be almost twice as high as sales in North America. Competitive leasing and financing options, similar to a program the company recently launched in Germany with rental company Sixt, are also expected to drive growth on the continent. Earlier post.).
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.
Of the total $133 billion in asset finance that flowed to supporting development of new clean energy projects in the markets in developing nations, just $24.4 For the first time since the country was included in the survey in 2014, India was the highest-scoring nation, due to a variety of factors, including supportive policies.
The US Department of Energy (DOE) released its five-year 2014-2018 Strategic Plan. Leverage increased private sector financing for deployment of “all of the above” energy technologies. The plan is organized into 12 strategic objectives aimed at three distinct goals: Science and Energy; Nuclear Security; and Management and Performance.
In addition to the $42-million internal equity round, an additional $34 million in funding was raised predominantly in debt financing from Tennenbaum Capital Partners (TCP), along with equity and debt investment rolled over by existing members of Central MN Ethanol Co-op LLC (CMEC) in Central MN Renewables LLC (CMR), a US affiliate of GBL.
The PACC 2020 is self-financed from the carbon market and the extension until 2014 of the fuel levy and fossil fuels. The action plan and strategy adaptation represent a total investment of nearly C$2.7 billion (US$2.6 Almost 63% (C$1.7
A continuing sharp decline in technology costs—particularly in solar but also in wind—meant that every dollar invested in renewable energy bought significantly more generating capacity in 2014. A key feature of the 2014 result was the rapid expansion of renewables into new markets in developing countries. billion.
The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. Earlier Bloomberg New Energy Finance analysis showed that, with gasoline at $2.09
Hamburg and Luxembourg have already signed contracts for supplies of the buses in 2014 and 2015. The project is co-financed by Life+, the EU’s financing program for environmental projects. A demo project that will bring eight more plug-in hybrid buses into service will commence next year in Stockholm.
With the financial situation deteriorating, in July 2014 KiOR entered into a Protective Advance Loan and Security Agreement with Vinod Khosla. Other than the Protective Advance Agreement, we have no other near-term sources of financing. KiOR has drawn down approximately $6.9
The plant construction will begin in autumn 2014 and will be completed in the first quarter of 2018 (compared to the previously planned date of construction completion in August 2017). Uzbekistan started forming a banking consortium to finance the plant construction in September 2013. Click to enlarge.
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
Panda Power Funds has financed the 1,124 megawatt Panda “Hummel Station” power plant—one of the largest coal-to-natural gas power conversion projects in the United States. The plant will be located at the site of the retired Sunbury coal-fired power plant near Shamokin Dam in Snyder County, Pennsylvania.
Now, many OPEC members are both desperate while not yet recovered from the 2014 blow. On the one hand, they could continue pumping at the current record rate or close to it, pressuring prices further, which is what they did in 2014. It seems like just yesterday when OPEC met in 2016 and decided to cut production by 1.8 Kemp agrees.
The scheme will be financed by transport fuel retailers who are obliged by law to include a certain percentage of advanced biofuels and biomethane in their fuel blends. The Commission’s 2014 Guidelines on State aid for environmental protection and energy allow Member States to support advanced biofuels under certain conditions.
This new investment follows a previous investment of $40 million from BioFields in 2014. Algal fuels producer Algenol has closed on a $25-million dollar investment from BioFields, a Mexican business group devoted to the development of renewable and clean energy projects.
The two companies financed the development project jointly. After this initial batch of 1,000 cars for model year 2013, production of the V60 Plug-in Hybrid will increase to 5,000 cars as of model year 2014. The Volvo V60 Plug-in Hybrid is the result of close cooperation between Volvo Car and Swedish electricity supplier Vattenfall.
Other goals for 2014 include completing land use permit applications, carrying out additional pilot plant trials of the new hydrometallurgical plant flowsheet needed to finalize detailed plant designs and engineering, securing commitments on off-take and arranging project financing.
Pinto has secured funds to complete the engineering, permitting and all other upfront work; construction financing is scheduled to close in the first quarter of 2014. Pinto is seeking to start construction in the first half of 2014. The plant design is expected to be complete at the end of 2013.
The impact on EBIT for the year 2014 is approximately in the same amount. —Bodo Uebber, Member of the Board of Management of Daimler AG for Finance & Controlling and Financial Services. We pursue our strategy for emission-free driving consequently. Electric vehicles are one component of this roadmap.
The current execution plan for 2014 is to focus exclusively on bringing the plant to its nameplate basis, and further to develop yield and process efficiency through R&D. For the 2014 percentage standards, EPA proposed reducing the overall target to 15.21 To that end, we expect to spend $22 million in support of R&D in 2014.
Other than that commitment, however, Kior said it has no other near-term sources of financing. Kior said that if it is unsuccessful in finalizing definitive documentation with Khosla on or before 1 April 2014—i.e., As of 28 February 2014, the company had aggregate indebtedness of $279.5
million of outstanding convertible promissory notes to take its pro rata portion of the financing. Amyris expects the closing of this placement to occur on or about 15 January 2014. In addition, Total, Amyris’s largest stockholder, agreed to cancel approximately an additional $6.1
DEP will announce the focus of the next round of grants when it opens, which is expected in early 2014. The Act 13 Natural Gas Vehicle grants are financed by impact fees paid by natural gas operators. Grant requests can be no more than 50% of the incremental purchase or retrofit 10 January 2014, and will be awarded in the spring.
The company anticipates making $80 million in capital expenditures in Massachusetts to build up its manufacturing and R&D capabilities there by the end of 2014. Under the terms of the MassCEC financing, A123 will double its Massachusetts employment to more than 500 by 2014.
Under the agreement, AMP-Trillium, the joint venture between AMP Americas and Trillium CNG, will build seven public fueling stations between August 2013 and early 2014 and lease new CNG trucks that will travel more than 13.2 million miles per year, servicing routes throughout Texas.
Initial commercial operation of up to a 20,000–22,000 barrels per day project is expected to start in 2014. DKRW Advanced Fuels is completing final development on the project and expects to complete financing activities and ramp up construction on the facility in 2012. We have received front end.
These loans would provide financing to produce renewable fuels from woody biomass, municipal solid waste and energy grasses such as switch grass, miscanthus and arundo donax. It reauthorized and extended the program in the 2014 Farm Bill. INEOS New Plant Bioenergy, located in Vero Beach, Fla.,
The Regulation currently requires most heavy trucks in California to install soot filters or upgrade to newer models with filters by 1 January 2014, and that nearly all trucks have them installed by 1 January 2016.
All in all, Volvo Cars will produce 7,600 plug-in hybrids in 2013, with a 2014 target of 10,000 units. The two companies have financed the development project jointly. Production at the Torslanda plant in Sweden will be increased continuously from 150 to 282 units per week.
Eos Energy Storage, a developer of zinc-air grid-scale battery technology, completed its $15-million Series B financing round with participation from a syndicate of 21 strategic and financial investors. Eos will begin deploying the Aurora in 2014. Eos has developed Znyth, a zinc hybrid cathode battery technology.
FCA US will conduct an emissions recall to update emission control software in an estimated 100,000 model-year 2014-2016 Ram 1500 pickups and Jeep Grand Cherokee SUVs equipped with 3.0-liter —Mark Chernoby, FCA Head of North American Safety and Regulatory Compliance. liter EcoDiesel V-6 engines.
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