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Electrovaya completes C$5M financing; new Office of Chairman

Green Car Congress

Canada-based Li-ion battery maker Electrovaya Inc. completed a financing for C$5 million (US$4.96 note in the aggregate principal amount of C$5 million and 500,000 common share purchase warrants. Each share purchase warrant is convertible into one common share of the corporation. issued to the lender.

Financing 218
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Brightmark Energy closes $260M in financing for first US commercial-scale waste-plastics-to-fuel plant; ULSD and naphtha

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Brightmark Energy , a San Francisco-based waste and energy development company, closed a $260-million financing package for the construction of the US’ first commercial-scale plastics-to-fuel plant, which will be located in Ashley, Indiana.

Waste 268
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NRG invests additional $35M in FuelCell Energy for 6% of company; establishes $40M financing facility

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FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. The terms of the equity transaction include a warrant giving NRG the right to purchase an additional 2.0 per annum for construction-period financing and 8.0%

Financing 244
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Waste-to-biofuels company Enerkem raises C$280M, its largest financing round

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Canada-based Enerkem Inc., In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. These RIN credits are purchased by US refiners to comply with the RFS program. Enerkem is now registered for D3 Renewable identification numbers (RINs) credits. Earlier post.).

Waste 199
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Exelon to provide financing for 21MW of Bloom Energy SOFC projects at 75 commercial facilities

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Exelon Corporation will provide equity financing for 21 megawatts (MW) of Bloom Energy solid oxide fuel cell (SOFC) projects at 75 commercial facilities in California, Connecticut, New Jersey and New York. Headquartered in Chicago, Exelon does business in 48 states, the District of Columbia and Canada.

Financing 210
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Government of Canada to buy Trans Mountain Pipeline System and Expansion Project for C$4.5B, resume planing and construction

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The Government of Canada will purchase Kinder Morgan’s Trans Mountain Pipeline system and the expansion project (TMEP) for C$4.5 billion); Kinder Morgan has agreed to work with the Government of Canada to seek a third-party buyer for the Trans Mountain Pipeline system and TMEP. This is an investment in Canada’s future.

Canada 199
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Lightsource bp launches Bighorn Solar project in Colorado; first steel mill to run almost entirely on solar

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Lightsource bp financed, owns and operates Bighorn Solar and sells the electricity it generates to Xcel Energy under a 20-year power purchase agreement. The Bighorn Solar project is currently generating electricity into the grid and is expected to come fully online in November 2021.

Colorado 396