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This program provides vouchers of up to $55,000 to help California fleets purchase cleaner, advanced technology trucks and buses. ARB’s Truck Loan Assistance Program received an additional $18 million to help small business fleet owners finance truck upgrades required under the ARB’s In-Use Truck and Bus Regulation.
Under the terms of the financing, the company will issue shares of common stock at a price of $2.12 The completion of this financing will greatly accelerate the build out of our national network of diesel-to-natural-gas conversion facilities. million in gross proceeds. Merriman Capital, Inc.
We believe that clean distributed power generation from fuel cells will be one of the key technologies that drive our country toward a cleaner energy future. FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. per share.
When it comes to overall carbon emissions, EVs are cleaner than internal-combustion cars, but how much cleaner can depend on when they're charged, according to a recent Bloomberg New Energy Finance blog post. A grid more reliant on renewable energy will shrink the carbon footprint of EVs charging from it.
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”.
The US Environmental Protection Agency (EPA) has awarded $5 million to the Southern Alliance for Clean Energy (SACE) to help Southern truckers and small businesses to buy cleaner big rigs. The Clean Trucks Make Cents program will finance up to 100% of the purchase or lease of a pre-2007 tractor-trailer.
are partnering to make solar power more affordable and available to Honda and Acura customers in the US, providing a cleaner source of electricity at a lower cost than utility-supplied power. SolarCity and American Honda Motor Co.,
In terms of investment in innovation for cleaner energy, the plan calls for: Investment in advanced fossil energy projects. In addition, the President has directed his Administration to purchase cleaner alternatives to HFCs whenever feasible and transition over time to equipment that uses safer and more sustainable alternatives.
An article in the latest issue of IEA Energy: The Journal of the International Energy Agency reports that Estonia, which has the most developed oil shale industry in the world, is collaborating in pursuing wider use of oil shale in a cleaner, more sustainable manner. Different that shale oil—i.e.,
The findings suggest that developing nations are moving toward cleaner power but not nearly fast enough to limit global CO 2 emissions. The transition from coal toward cleaner sources in developing nations is underway. After peaking at 84GW of new capacity added in 2015, coal project completions plummeted to 39GW in 2018.
(EnergyX) has secured commitments of $20 million in financing. In 2020, EnergyX announced a pilot partnership with Orocobre Limited ( earlier post ) to deliver high-quality and comprehensive solutions that will lead to a cleaner, more efficient lithium extraction.
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.
Supported projects range from incentives for cleaner trucks and buses, and mobility options such as bike- and car-sharing, to consumer rebates for clean cars. Support for commercial harbor craft: Dedicates $60 million for cleaner commercial harbor craft. The California Air Resources Board approved a $2.6-billion
The A$300 million (US$193 million) Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC). CEFC finance remains central to filling market gaps, whether driven by technology, development or commercial challenges. The CEFC Advancing Hydrogen Fund will draw on existing CEFC finance.
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. billion) in loans for cleaner vehicles, thereof €3.4 billion (US$4.8
Supported projects range from consumer rebates for clean cars to incentives for cleaner trucks, and mobility options. The plan is by far the largest annual investment in clean transportation incentives to date—more than double the amount of the largest past investment. Over half of the $1.5
GE Capital’s Transportation Finance business and Clean Energy Fuels Corp., the largest provider of natural gas fuel for transportation in North America, have entered into a strategic alliance to accelerate the conversion of heavy-duty trucking fleets from diesel to cleaner-burning, less-expensive natural gas.
The Clean Energy Finance Corporation has announced $20 million in funding for 500 subscription EVs destined to be used in rideshare transport services like Uber. The post Australian rideshare is about to get cleaner as government funds 500 subscription EVs appeared first on The Driven.
announced that the Department of Energy has determined that the company has met the requirements necessary for Phase I of the application process for a loan guarantee and that the company has been invited to continue on to Phase II for the financing of their Fulton, MS Project. BlueFire Ethanol Fuels, Inc.
This funding comes from DOT’s Buses and Bus Facilities Program and Low or No Emission Vehicle (Low-No) Program, helping transit agencies purchase and lease new, cleaner vehicles and renovate and construct the infrastructure needed for zero-emission transit vehicles. Cleaner Transportation in the Coachella Valley. City of Fresno.
for electric vehicle financing. India’s leading non-banking finance company for electric vehicle financing. Akihiro Ueda, CEO, Terra Motors said, “This partnership between Pooja Finelease and Terra Motors will give access to a larger audience and will take care of our North, East and North-Eastern region financing.
The company says it is also developing a proprietary technology to enable a second-generation GTL solution that will produce even cleaner gasoline by using captured CO 2 or low-value, high-CO 2 content natural gas as part of the process. Our first project must be absolutely ‘bankable’ to obtain the necessary project financing.
Senate Finance Committee Chairman Max Baucus (D-Mont.) Any facility producing electricity that is about 25% cleaner than the average for all electricity production facilities will receive a tax credit. The cleaner the facility, the larger the credit. The cleaner and more energy efficient the fuel, the larger the credit.
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.
million, $740,000 will go to the California Pollution Control Financing Authority (CPCFA), which provides financial assistance to projects aimed at reducing pollution and waste and encouraging the use of renewable energy. In addition to the $740,000 for the CPCFA, $2.22
The inlet design and sound-absorbing material in the air cleaner prevent air column resonance. By necessity, the intake air for the fuel cell must be purified; the electret air cleaner element captures ultra-fine particles (PM 2.5 ), and a charcoal filter removes chemical substances.
Conducted by Georgia Tech, the project is financed by a $50,000 Ford College Community Challenge Grant, one of five given annually for a student-led project that matches university resources with an urgent community need related to sustainability. Atlanta Public Schools (APS) donated the bus for the project. —Michael Leamy.
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. The Alliance expects to complete the study in three to four months.
USFF’s model attracted the attention of GPF Real Estate & Financing Corporation (Global REFCo), a subsidiary of Global Private Funding, Inc. Global), who will provide debt based financing to support the equity-based investments. Andrew Halarewicz, Sr. For the conversion of coal to syngas, US Fuel will utilize slow pyrolysis.
Comprehensive energy and climate change policies that accelerate the deployment of energy efficiency, cleaner energy, renewable energy, green buildings, clean vehicles and fuels, and low- carbon transportation infrastructure. UNEP FI works closely with more than 200 financial institutions who are signatories to the UNEP FI Statements.
With this new financing, Motiv aims to scale further its manufacturing operations, as well as fund technology and geographic expansion. The funding will be made by means of convertible notes that are expected to be converted into a Series C funding round, which Motiv is in the process of raising.
Local agencies apply to ARB for funding, then those agencies offer financial incentives to owners of equipment used in freight movement to upgrade to cleaner technologies. Projects funded under this Program must achieve early or extra emission reductions not otherwise required by law or regulation.
The proposed changes include: A longer phase-in period for diesel particulate matter (PM) requirements for trucks that operate exclusively in certain rural areas with cleaner air; Additional time and a lower cost route for all small fleet owners to meet their PM compliance requirements, while reopening opportunities for these fleet owners to apply (..)
Efforts should shift from building highway networks to building other forms of transportation that are cleaner, more efficient, and in high demand. commuting provide a service in addition to information about smarter, cleaner travel choices. Prioritize cleaner transportation modes throughout all programs and policies.
A Power-to-Fuel company, Liquid Wind will develop and finance facilities to produce carbon-neutral liquid fuel, eMethanol. To meet growing demand for cleaner fuel, Liquid Wind are designing the business to scale rapidly. When used as marine fuel, eMethanol reduces carbon emissions by 94% compared to current fossil fuels.
Having achieved its short term objective to remove or retrofit the oldest and dirtiest engines, according to the justification, in the longer term any additional emissions reductions will occur even without DERA funding, as the inventory of existing engines turns over and new cleaner engines become the norm. In addition, $7.1
The GCEP collaboration expects to benefit from the bank’s expertise in financing sustainable businesses dedicated to addressing climate change and advancing low-carbon solutions. All of humankind needs energy that is reliable, cleaner and more affordable.
California continues growth at levels forecast y the Department of Finance. Key findings of the study include: A cleaner, more efficient passenger vehicle fleet creates significant consumer savings. By reducing fuel use, cleaner, more efficient vehicles save families and businesses money. California vehicle standards (Cal).
Plug-in electric vehicles sales surged to a record in the third quarter, largely driven by strong demand in China, according to a new report from Bloomberg New Energy Finance (BNEF). Several governments have also announced targets for cleaner transport, some driven by the emissions-cheating scandal that engulfed Volkswagen AG.
At the same time, there are few signs of the substantial reallocation of capital towards energy efficiency and cleaner supply sources that is needed to bring investments in line with the Paris Agreement and other sustainable development goals. Whichever way you look, we are storing up risks for the future.
Syzygy Plasmonics, a technology company developing a high-performance photocatalyst for the industrial gas, chemical and energy industries, announced a $23-million Series B financing led by Horizons Ventures with participation from new global investors including Equinor Ventures. Earlier post.).
This could be particularly detrimental to the outlook in some developing countries, where financing options and the range of investors can be more limited. In the longer-term, a post-crisis legacy of higher debt will present lasting risks to investment. —Dr Birol.
General Motors is leading a $60-million Series B financing round in Mitra Chem , a Silicon Valley-based, AI-enabled battery materials innovator. Iron-based cathodes are cheaper, cleaner, and safer than legacy battery technologies such as NMC and NCA that exist today, but are less energy-dense than Ni/Co-based ternary cathodes.
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