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Researchers at Argonne National Laboratory, with colleagues from Lawrence Berkeley, Oak Ridge, and National Renewable Energy labs, and the University of Tennessee, have published a comprehensive analysis of the total cost of ownership (TCO) for 12 sizes of vehicles ranging from compact sedans up to Class 8 tractors with sleeper cabs.
a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. Going forward, our primary goal for both current and future capital initiatives is to leverage the best available financing solutions that will provide liquidity and favorable economics.
Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. Stored methane could become the “battery” for renewable energy, simultaneously making hydraulic fracturing obsolete, they proposed.
Plug-in electric vehicles, including plug-in hybrids and battery electric vehicles, have the potential to make up 9% of US auto sales in 2020 and 22% in 2030 (1.6 million and 4 million vehicle sales respectively), according to research company Bloomberg New Energy Finance (BNEF). million would be battery-electric vehicles (about 1.8%
The new, longer-range Lightning Electric Transit Van is the fourth generation of its battery-electric and fuel cell electric platform, based on the Ford Transit 350HD chassis. This new battery technology and other upgrades give them the range, power and features at the price they need to scale up their electric fleets.
Based on an analysis of various cost of ownership scenarios for various drivetrains, including internal combustion engine (ICE) gasoline and diesel; hybrid (HEV); battery-electric (EV); plug-in hybrid electric (PHEV); and fuel cell vehicles, Lux Research concludes that fuel cell vehicles (FCVs) are “ solidly in a laggard position. ”.
National Electric Vehicle Sweden (NEVS), the company resurrecting the Saab brand ( earlier post ), has halted production of its vehicles (currently at 6 units per day) while it sorts through financing issues and aligns its strategy with new OEM partners. Ltd, has not fulfilled its contractual obligation to finance the operations, NEVS said.
Octillion Power Systems, a global provider of advanced lithium-ion storage systems for electric mobility ( earlier post ), announced a new demonstrator program for battery-leasing that allows batteries to be leased to fleet customers when they purchase vehicles. Access to the program will be on a first-come, first-served basis.
Broader collaboration among key stakeholders and a new generation of finance solutions will be needed to electrify trucks and buses at scale by 2050, according to a report released today by Environmental Defense Fund (EDF), MJ Bradley and Vivid Economics. —“Financing the Transition”. —“Financing the Transition”.
Consumers who purchase an electric vehicle will find that lifetime costs to own the vehicle are competitive with conventional and hybrid vehicles, according to an analysis conducted by the Electric Power Research Institute (EPRI). —“Total Cost of Ownership for Current Plug-in Electric Vehicles”.
A new study published by US Department of Energy’s (DOE) Argonne National Laboratory offers the most complete understanding yet of the costs of owning and operating a vehicle, and how those costs vary by powertrain, from the conventional to the cutting-edge. Overall, hybrid electric vehicles tend to be the lowest-cost powertrain.
Stena Line, one of Europe’s leading ferry companies with 38 vessels and 21 routes in Northern Europe, is introducing battery power to its operations. Stena recently signed with Callenberg Technology Group for 1 MWh of batteries which will be installed on Stena Jutlandica which operates between Gothenburg and Frederikshavn.
The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019. More recently, labor costs started to rise.
However, Germany is now financing 80% of the higher purchase cost of e-buses. T&E said the EU’s €750-billion COVID recovery fund is a clear way to finance e-bus deployment.
The Long-Term Electric Vehicle Outlook outlines two scenarios for the uptake of electric transport to 2050, and examines impacts on demand for batteries, materials, oil, electricity, infrastructure and emissions. The report also explores whether batteries or fuel cells are the more likely solution for heavy-duty, long-haul freight.
The company has also received additional grant financing from the National Science Foundation, the US Department of Energy, and others. SVX continues to collaborate with battery industry experts and collaborators at the Lawrence Berkeley National Laboratory and Argonne National Laboratory.
Munich Re is the world’s first insurer to offer a product that covers battery performance. The product allows manufacturers in the booming battery market to offer long-term performance guarantees—whose value is backed by the insurance coverage. The new coverage allows battery manufacturers to insure their customer warranties.
The concept is based on the use of replaceable battery containers, to be known as “ZESPacks”. A network of open access charging points will be set up for exchanging depleted battery containers for ready-charged replacements, thereby keeping waiting time to a minimum. These will be charged using energy from renewable sources.
The total worldwide manufacturing capacity of lithium-ion batteries for electric vehicles will greatly exceed supply unless demand by automakers increases significantly in the short-term, according to new research by Bloomberg New Energy Finance (BNEF). As a result of the overcapacity, battery prices are poised to fall.
The Showroom includes the State EV Policy Dashboard; EV Roadmap Roundup; EV Funding and Financing Guide; EV Tools and Calculators Clearinghouse; AchiEVe Toolkit; Freight Electrification Report; and ZEV State Scorecard. The State EV Policy Dashboard displays the status of 10 leading state EV policy strategies, updated monthly.
The 2020 edition of Global Landscape of Renewable Energy Finance highlights however, that while a cumulative US$1.8 Although this was largely due to the decreasing costs of renewables, the total installed capacity continued to grow. Global landscape of renewable energy finance in 2017-2018. C objective by mid-century.
The European Commission has approved under EU State aid rules an Important Project of Common European interest (IPCEI) jointly notified by Belgium, Finland, France, Germany, Italy, Poland and Sweden to support research and innovation in the common European priority area of batteries. stationary energy storage, power tools, etc.).
Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Demand for lithium ion batteries is forecast to grow to 3.7 However, batteries are the fastest-growing demand market for nickel.
GE and Better Place have formed a technology and financing partnership to accelerate the global deployment of electric vehicle infrastructure through collaboration in four key areas: standards-based technology development; batteryfinancing; joint fleet electrification programs; and consumer awareness. GE’s WattStation.
It is an ideal fun hatch which offers premium, safety and technology features, eco-friendly footprint, spirited performance, all made even more desirable with the added advantage of a low cost of ownership. Battery Pack. The battery and motor also come with 8 years or 160,000 km warranty. Charging Option. XZ+ Tech LUX.
Haldor Topsøe A/S, a global market leader in catalysis and related process technologies, recently acquired 18% of the shares in sodium-ion battery technology company Faradion Ltd, based in Sheffield, UK. Other partners in the investment included Finance Yorkshire’s Seedcorn Fund and Rising Stars Growth Fund II LP.
Ultracapacitors’ greatest advantages over their primary competition, batteries, are superior cycle life and power density. Oliver Ahlberg, a member of Skeleton Technologies’ board, agrees that so far the main barrier for entry for ultracapacitors has been high cost of the devices. million in 2011 to $284.1
a graphene development and patenting JV ( earlier post ) and Hydro-Québec’s Institut de recherche d’Hydro-Québec (IREQ) recently signed a licensing agreement enabling Focus Metals to develop a graphite purification center as well as a graphite anode production facility for Lithium-ion batteries. Focus Metals Inc., —Gary Economo.
Reducing the cost of electric vehicles. 10,000/KWh with an increase in cap from 20% to 40% of the cost of the vehicle from 11th June 2021, thus enabling the cost of Electric two-wheelers at par with that of ICE two-wheeler vehicles. Drop-in battery price will result in cost reduction of electric vehicles.
to finance the development and production of low-carbon fuels and energy transition metals. Our extensive experience in building, developing and financing natural resource assets and companies allows us to consider trade-offs of resource projects thoughtfully. NORI and Low Carbon Royalties are a great fit.
to create a $200-million credit facility in support of a battery lease program. The battery leasing credit facility, the first of its kind in the North American public transit industry, is expected to lower the upfront costs of zero-emission buses and put Proterra electric buses at roughly the same price as a diesel bus.
Maxus is presenting a range of zero emission EV80 battery electric vans at the 67 th IAA Commercial Vehicles show in Hannover. Maxus is continuing to establish partnerships with large businesses looking to reduce their fleet emissions and vehicle operating costs. Charging time is just two hours while using a DC charger.
A new study by Bloomberg New Energy Finance (BNEF) forecasts that sales of electric vehicles will hit 41 million by 2040, representing 35% of new light duty vehicle sales worldwide. At the core of this forecast is the work we have done on EV battery prices. This would be equivalent to nearly 8% of global electricity demand in 2015.
The cost of Level 3 DC fast chargers is declining almost as fast as the cost of batteries for electric cars. The post The Cost Of Level 3 Fast Chargers Is Declining appeared first on CleanTechnica.
Within that context of accelerating sales growth, the 10 specific predictions are: Capital veers from vehicles to battery components. During 2013, investment will shift toward companies developing battery components, rather than companies that develop complete packs. 48-Volt batteries. million units during that year.
For proft, not-for-proft, or nonprofit contractors that have the capacity to sell clean school buses, zero-emission buses, charging or fueling infrastructure, or other equipment needed to charge, fuel, or maintain clean or zero-emission school buses; or arrange financing for such a sale. Non-profit school transportation associations.
China’s State Council has published a plan to develop the domestic energy-saving and new energy vehicle industry, which includes battery-electric vehicles, plug-in hybrid vehicles and fuel cell vehicles. kW/kg, at a cost of 200 yuan/kW. In 2020, the battery module should have a specific energy of 300 Wh/kg or more.
The overall out-of-pocket-costs for many consumers who finance will be lower in their very first year of ownership, despite the fact that the upfront cost of electric vehicles remains higher today than their gas-powered counterparts. Lifetime savings of EVs versus comparable gasoline-powered vehicles.
The City of Indianapolis will upgrade 425 non-police-pursuit sedans in its muncipal fleet to plug-in hybrid and battery electric vehicles by early 2016, cut the size of the fleet by 100 vehicles, and save $8.7 million over ten years. The Indy fleet would be the largest municipal fleet of electrified vehicles in the US.
Battery and advanced materials company Talga Group ( earlier post ), with 100% owned graphite resources in Sweden, has received firm commitments for a placement of new fully paid ordinary Talga shares to raise A$40 million (US$27.3 million) before costs. BurnVoir Corporate Finance acted as financial adviser to the company.
Speaking this week at the Bloomberg New Energy Finance conference in New York, Total SA’s chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030. One barrier is the cost of owning an electric vehicle versus a cheaper, comparable gasoline-engine vehicle.
FREYR’s Board of Directors has sanctioned construction of Giga Arctic (combined Gigafactories 1 & 2), the company’s first battery manufacturing facility under development in Mo i Rana, Norway.
The design significantly increases reliability, maximizes performance, and reduces total cost of ownership. billion transaction provides Lordstown Motors with $675 million of gross proceeds that will be used to fund production of the Endurance and its innovative in-wheel electric hub motor design.
The cost of the deal is $1.9 In addition, Electra Afikim will bear the cost of the electricity. The support of the Ministry of Transportation is important especially since the ministry is the entity that finances the public transportation activity in Israel, and the entity that approved the use of Electreon’s wireless charging.
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