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ClearFlame Engine Technologies , a startup developing net-zero engine technology ( earlier post ), has secured $17 million in Series A financing, which will enable commercialization of the company’s innovative engine technology for the long-haul trucking, agriculture and power generation sectors.
EPA’s new Clean School Bus Program will provide $5 billion over the next five years (FY 2022-2026) to replace existing school buses with zero-emission and low-emission models. The Agency will also launch a grant competition later this year. Further Clean School Bus competitions will be run every year over the next five years.
million grant as part of its Seeding Critical Advances for Leading Energy technologies with Untapped Potential (SCALEUP) program. Niron will use this financing to advance the commercial partnerships and pilot production of its rare earth-free Clean Earth Magnet, further demonstrating its potential to replace rare earth permanent magnets.
The Pennsylvania Department of Environmental Protection (PA DEP) awarded $516,637 in clean diesel grants to four organizations. Recent monitoring indicates these counties’ particulate matter levels are meeting the standards, but continuous compliance must occur before EPA will grant an attainment designation.
The California Sustainable Energy Entrepreneur Development (CalSEED) program announced that the fourth cohort of innovative clean energy concepts has been approved by the California Energy Commission (CEC); 28 companies out of 212 were selected to receive grants of $150,000 each. Details of the 28 companies awarded a total of $4.2
The California Air Resources Board will transition its existing Clean Vehicle Rebate Project (CVRP) program to a new program targeting low- and middle-income Californians. The program was originally designed to encourage the early adoption of emerging technology, and its goal was to accomplish a 16% market share for clean vehicles.
The US Environmental Protection Agency (EPA) announced three recovery act grants totaling $20 million in funding for the SmartWay Clean Diesel Finance Program. These recovery act grants will fund the purchase of new, cleaner or retrofitted vehicles and equipment.
million in new financing. Niron will use the funding to build its pilot production facility in Minnesota and accelerate the development of its Clean Earth Magnet technology. Niron says that the first generation of Clean Earth Magnet will offer a magnetic field strength of approximately 0.9 2019.165962.
The financing was co-led by The Engine and by The GOOSE Society of Texas. Earlier this year, Syzygy received grants from the Department of Energy for the development of a reactor to create hydrogen from ammonia and from the National Science Foundation SBIR Program for the development of a reactor that processes carbon dioxide.
million for emerging technologies projects as part of a summer-long roll-out of $120 million in clean diesel grants. Most clean diesel grants involve widely used strategies such as retrofits or replacements. Puget Sound Clean Air Agency for nearly $1.2 National Funding Assistance Program grants.
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.
A $175,000 grant will be used for the site selection and analysis process for this facility. Following the site selection and facility design process, the Alliance will request a formal grant from the Commonwealth to construct a demonstration plant and produce its cleaner fuel on a larger scale. Earlier post.).
While notable exceptions exist, the report says, the financing framework is often skewed towards supporting the motorization model: Domestic public finance is mainly used to build and maintain infrastructure to cater to increasing levels of motorized traffic.
The Asian Development Bank (ADB) mobilized a $135-million climate financing package for VinFast Trading and Production Joint Stock Company (VinFast) for manufacturing Vietnam’s first fully-electric public transport bus fleet and first national electric vehicle (EV) charging network.
Nicknamed the “Electric Xpress,” the free transit service will provide clean, quiet, and efficient transportation to residents and tourists throughout several neighborhoods, including Park City Resort, Canyons Village, Silver Springs, Silver Lake Village, Empire Pass and Park Meadows. buy the bus, lease the battery.
Battery-eletcric bus manufacturer Proterra has completed a $55M strategic financing. In conjunction with the equity financing, Proterra completed a debt financing in an amount up to $25 million with Hercules Technology Growth Capital. The existing major investors in Proterra added $11 million of equity.
The A$300 million (US$193 million) Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC). The ARENA round is a $70-million grant program aiming to demonstrate the technical and commercial viability of hydrogen production at a large-scale using electrolysis.
INEOS Bio announced that its joint-venture project, INEOS New Planet BioEnergy (INPB), has finalized $75 million in private financing utilizing the US Department of Agriculture (USDA) loan guarantee program for its new Indian River BioEnergy Center located in Florida. The hot synthesis gas is quenched and cleaned. Earlier post.)
Clean Energy Fuels Corp. Clean Energy’s Zero Now program makes the cost of leasing or purchasing a new natural gas heavy-duty truck equal to the price or even lower than that of the same truck equipped with a diesel engine. Earlier post.).
ClearFlame Engine Technologies , a growing startup dedicated to the development of clean engine technology ( earlier post ), secured $2.5 million in additional financing from several investors, including the Iowa, Minnesota, Kansas and Illinois Corn Growers Associations.
The California Air Resources Board (CARB) is making additional clean vehicle rebates available for lower-income consumers. A cornerstone of CARB’s suite of EV-purchase incentives, the Clean Vehicle Rebate Project (CVRP) is the nation’s largest and longest-running EV incentive program.
The grant will provide $10 million in the first year, which will fund the consortium members, in collaboration with more than 100 partner entities, to develop a roadmap to accelerate the growth and development of geothermal, leveraging expertise, technologies, and methods from the oil and gas industry.
The cleaned syngas is them processed through an amine system to capture and remove sulfur and carbon dioxide. The syngas then enters the secondary gas clean-up section that contains compression to increase syngas to the pressure required by the FT process. The end syngas product is very clean with zero sulfur content.
The legislation also proposes numerous actions against financing and support for fossil fuel industries. Among the financing provisions of the legislation are: Price on carbon. Bernie Sanders (I-Vt.) and Barbara Boxer (D-Calif.) The legislation would enact a fee of $20 per ton or carbon or methane equivalent, rising at 5.6%
The European Investment Bank (EIB) will grantfinancing 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. billion) under ECTF (European Clean Transport Facility). billion (US$4.8 billion (US$4.8
582 million (US$773 million) in grants for those buying zero or ultra-low emission vehicles to make them cheaper to buy and incentivize more people to make the transition. Nuclear: Advancing nuclear as a clean energy source, across large scale nuclear and developing the next generation of small and advanced reactors. billion (US$1.7
Second, the US Department of Agriculture proposed a rule on the Biomass Crop Assistance Program (BCAP) that would provide financing to increase the conversion of biomass to bioenergy. USDA provides grants and loans and other financial support to help biofuels and renewable energy commercialization. Biomass Crop Assistance Program.
announced that 17 local governments and transit agencies will receive more than $236 million in grants from the Department of Transportation (DOT) to aid the transition to zero-emission buses. billion in new funding for Buses and Bus Facilities formula and competitive grants over five years.
A private, non-profit transportation management association, ATN was created to develop and operate the Anaheim Resort Transit (ART) for the Anaheim Resort District system and surrounding areas in the city with clean fuel shuttles. Each year more than 9.5
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. This new investment follows a previous investment of $40 million from BioFields in 2014.
has executed a letter of engagement with BNP Paribas to act as financial advisor to assist and support ClearFuels in securing senior secured debt financing for its commercial thermochemical Biomass-to-Liquids (BTL) biorefinery projects. These services would be directed, in part, to create financing plans for the commercial projects.
The European Investment Bank and PSA Peugeot Citroën signed a €200-million (US$259-million) loan agreement to finance the carmaker’s program to develop plug-in hybrid vehicles. The loan was granted under the European Clean Transport Facility (ECTF) financing program, one of the EIB’s measures for stimulating the European economy.
The funds are provided under the American Reinvestment and Recovery Act of 2009 (ARRA) National Clean Diesel Funding Assistance Program. Under this funding competition, EPA Region 4 alone received 98 grant applications requesting more than $140 million to help fund clean diesel emissions projects.
BNP Paribas will act as financial advisor in connection with assisting and supporting ClearFuels in securing financing arrangements for senior secured debt for the project. million conditional grant from the US Department of Energy. ClearFuels expects to begin receiving funds from this grant by the end of March. Earlier post.).
Macquarie’s Specialized and Asset Finance business, part of its Commodities and Global Markets division, will finance the trucks through a lease to the operator. Glovis America, a logistics service provider, will be the fleet operator of these trucks.
In addition to its $300 million loan, ADB is also administering another $105 million loan and grant from the Clean Technology Fund for other Philippine environmental-focused projects. Once the project is completed in December 2017, ADB will have financed upgrades to nearly 2,200 km (1,367 miles) of the network. million.
EdeniQ, a California-based clean technology company serving the global biofuels industry ( earlier post ), recently closed a $12.4 million grant from the US Department of Energy. Omninet; Nimes Capital; and others. The new investment helps EdeniQ on two fronts.
The Massachusetts Clean Energy Center (MassCEC) has approved a $5-million forgivable loan for Li-ion battery manufacturer A123 Systems contingent on its hitting job creation and private investment milestones. Under the terms of the MassCEC financing, A123 will double its Massachusetts employment to more than 500 by 2014.
million Series A financing. million financing and grant awards totaling almost $1 million from the National Science Foundation (NSF), US Air Force (USAF) and US Navy (USN), Boulder Ionics will demonstrate the use of ionic-liquid-based electrolytes in a range of devices from ultracapacitors and lithium-ion batteries to metal-air batteries.
An annual ' tracking the progress of California Climate Investments, released by the California Air Resources Board and the California Department of Finance, finds that nearly $1.4 Overall, 60 new clean school buses were delivered to rural school districts throughout the state.
Since it was established in April 2015, Cuberg has grown with several rounds of financing and grant funding, and signed a multimillion-dollar joint development agreement with an industrial battery manufacturer. In September 2017, CalSEED awarded Cuberg $150,000 in Phase I grant funding.
The request includes increased funding for clean energy, research and development to spur innovation, and advanced manufacturing. priorities in clean energy and advanced manufacturing, through grants, financing assistance, and tax incentives that accelerate fundamental. The President’s Budget for FY 2013 provides $27.2
The British Columbia Government Ministries of Energy, Mines and Petroleum Resources and Jobs, Trade and Technology has awarded ITM Power a grant to undertake a Power-to-Gas (P2G) feasibility study. Once fully financed, the contract value of the pilot plant will be added to ITM Power’s opportunity pipeline. and G&S Budd Consulting Ltd.
Ambri, developer of Liquid Metal Battery grid-scale energy storage technology, closed a $35-million Series C equity financing. Ambri has raised more than $50 million in equity financing since its founding in 2010 and is the exclusive licensee of the Liquid Metal Battery intellectual property developed at MIT.
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