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received a purchase order for 500 of its all-electric C-1000 delivery vehicles from Pritchard Companies. Inventory financing will be provided by Hitachi Capital America as part of Workhorse’s previously announced strategic partnership with HCA. Workhorse Group Inc.
a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. The remaining $25 million will function as a revolving credit facility from which Workhorse may draw down as necessary to meet existing and future purchase orders.
With more than 800 vehicles on the road today, Proterra battery systems have been proven over 25 million service miles driven and selected by world-class commercial vehicle manufacturers to electrify delivery vehicles, construction equipment, school buses, coach buses, and more. Proterra 40' ZX5 Max.
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.
Blue Marble Biomaterials, a specialty biochemical manufacturer ( earlier post ), has closed on the purchase of the former GTC Oats Inc. The site, previously a wet extraction processing plant for the creation of food ingredients, will become Blue Marble’s first large-scale commercial biorefinery. The purchase includes 3.81
Ford unveiled the all-electric 2022 F-150 Lightning Pro, a version of the electric F-150 Lightning ( earlier post ) targeted at commercial customers. The Pro joins E-Transit in the lineup of Ford work-ready electric vehicles, backed by a nationwide network offering EV-certified fleet sales, service and financing.
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.
GE Capital’s Commercial Distribution Finance (CDF) business has agreed to provide Brammo Inc. with inventory financing to support the expansion of its dealer network in the US. CDF already provides inventory financing for other brands of alternative fuel and hybrid motorsports products.
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%
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. Achates Power, Inc., the developer of a family of two-stroke compression-ignition opposed-piston engines ( earlier post ), has finalized $35.2
announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 interim approval to use $50 million of Debtor-in-Possession (DIP) financing, which is being provided by Wanxiang Group Corporation (Wanxiang). The financing supplements the pre-petition $22.5 Li-ion maker A123 Systems, Inc.
DOE plans ( DE-FOA-0001236 ) to issue in the February 2015 timeframe a funding opportunity (DE-FOA-0001237) to develop and to implement effective purchasing/procurement processes designed to coordinate and consolidate bulk alternative fuel vehicle and advanced vehicle orders and thus reduce the per-unit prices of commercially-available vehicles.
Gevo announced a new fuel sales agreement with American Airlines for the sale of 100 million gallons per year of sustainable aviation fuel (SAF) for five years from Gevo’s future commercial operations. Gevo’s delivery of SAF under this agreement is expected to begin in 2026. Gevo estimates that the agreement should generate approximately $2.75
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. This new and significant financing will help accelerate our growth and further expand project development and implementation.
As part of the agreement the partners will offer aircraft leasing and financing solutions that enable operators to run zero-emission flights. Under the deal, MONTE will purchase up to 100 ZA600 powertrains to be installed on existing and new Cessna Caravan, DHC-6 Twin Otter, Dornier 228 and HAL-228 aircraft.
The report covers light-duty passenger vehicles as well as medium-/heavy-duty commercial vehicles: semi-tractors; medium-duty vans and pickups; transit buses; box, utility aerial and dump trucks; and garbage trucks. The study finds, for example, that battery electric vehicles have maintenance costs 40% lower than ICE vehicles.
The study considers five different powertrains (internal combustion engine, hybrid-electric, plug-in hybrid-electric, fuel-cell-electric, and battery-electric) and 12 cost components (purchase cost, depreciation, financing, fuel, insurance, maintenance, repair, taxes, registration fees, tolls and parking, payload capacity and labor).
Newmark Energy Solutions, LLC has formed strategic relationships with Newmark Knight Frank, UTC Power Corporation (UTC) and Austin Energy Partners Solutions, LLC (AEP) to market, deliver, maintain and warranty UTC fuel cells to commercial real estate markets across the United States.
HYVIA will offer a wide range of fuel cell-powered light commercial vehicles by the end of 2021: Master Van H2-TECH —a large van for transporting goods and packages, with 12 m 3 of cargo volume and a range of up to 500 km. A range of financing options and maintenance services will also be offered.
ChargePoint Holdings, a leading electric vehicle (EV) charging network operating in North America and Europe, has acquired ViriCiti, a leading provider of electrification solutions for eBus and commercial fleets. IMPROVED Corporate Finance B.V. Jose Serras-Pereira, Director – Advisory, Mobility Group, Frost & Sullivan.
This includes more than $2 billion for zero-emission trucks and buses and off-road equipment including school buses, transit buses, and drayage trucks, $33 million for financing for small truck fleets transitioning to cleaner technologies, and $135 million for demonstration and pilot projects, including commercial harbor craft.
Bank of America made a drastic step forward today to make at-home residential electric vehicle chargers an easier purchase for car buyers. BoA said it would allow consumers the option to finance residential electric vehicle chargers alongside their auto loans through the bank. With the nationwide EV outlook expected to reach 26.4
and Bunge Global Innovation LLC, a wholly-owned subsidiary of agribusiness and food company Bunge Limited, along with other Bunge subsidiaries have signed definitive agreements forming a joint venture to build, own and operate a commercial-scale renewable tailored oils production facility adjacent to Bunge’s Moema sugarcane mill in Brazil.
ALTe Powertrain Technologies, developer of a range-extended plug-in electric hybrid powertrain for light commercial fleet vehicle applications, has created a Commitment to Action to spur adoption of hybrid electric technology in the worldwide fleet industry as part of the Clinton Global Initiative America (CGI America) meeting.
Global Bioenergies, a startup developing and commercializing a fermentation process that targets gaseous isobutene, has obtained a €4.4-million million) loan from a consortium of four French banks—BNP Paribas, Société Genéralé, CIC and Bpifrance—to complete the financing of its demo plant. million (US$4.7-million)
Group14 Technologies, a global manufacturer and supplier of advanced silicon battery technology, has begun construction of a second commercial-scale US Battery Active Materials (BAM-2) factory in Moses Lake, WA, in support of domestic efforts to advance the electric vehicle (EV) market.
While the President’s Task Force on the Auto Industry continues to review restructuring plans submitted by General Motors and Chrysler, the US Department of the Treasury announced an Auto Supplier Support Program that will provide up to $5 billion in financing to US-based suppliers.
As a result, we’ve sold more all-electric commercial EVs than any other vehicle manufacturer in North America to date. Lightning eMotors Credit and Ford Motor Credit financing is available along with electric vehicle vouchers and incentives, which are accessible in many states. Last week, Lightning eMotors and GigCapital3, Inc.,
a developer and manufacturer of advanced Nanophosphate lithium iron phosphate batteries and systems, has entered into an asset purchase agreement with Johnson Controls, Inc. for its grid, commercial and government businesses. million in “debtor in possession” (DIP) financing to support continued operations. A123 Systems, Inc.,
billion from Wanxiang to finance and construct the first phase of a coal-to-natural gas facility that ultimately will have an annual production capacity of one trillion cubic feet (1 Tcf) (30 billion cubic meters) per year. As part of the transaction, GreatPoint Energy has raised equity investment and secured project funding of $1.25
whereby Vitol would purchase 100% of the gasoline produced from MBFP’s industrial gasification and liquefaction facility located near. The contract is one of the first major commercial agreements in the US for the sale of liquid transport fuels made from coal. to purchase the CO 2 for use in their EOR operations. Earlier post.)
to finance the development and production of low-carbon fuels and energy transition metals. TMC and LCR have agreed to a purchase and sale agreementwhereby LCR has acquired a 2.0% Deepsea mining company TMC The Metals Company ( earlier post ) announced a strategic partnership with Low Carbon Royalties 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. US Senators Dianne Feinstein and Alex Padilla (both D-Calif.) Project title.
The Supply Agreement has two phases: In the first phase, HCS will purchase isooctane produced at Gevo’s demonstration hydrocarbon plant located in Silsbee, Texas. This first phase commences in May 2017 and would continue until completion of Gevo’s first large-scale commercial hydrocarbon plant.
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.
Beginning 2012, all airlines will be included in the European Union’s Emissions Trading Scheme, requiring them to reduce their CO 2 emissions or purchase additional carbon allowances. Solena has identified potential sites for the project in East London and is in discussions with various funding sources to finance the project.
The commercial demonstration plant is expected to have an initial capacity of 1.3 The demonstration project in Brooklyn will procure wood residuals from the local region, and is intended to create new employment opportunities in Queens County, NS and serve as a platform for the expansion into commercial scale projects throughout Canada.
has reached agreement with trucking firms to lease or purchase more than 250 new heavy-duty trucks, fueled by its Redeem RNG (renewable natural gas). In addition, truck fleets financed or purchased through Zero Now will be able to purchase Redeem fuel with a fixed discount to diesel at a significant spread.
Mercedes-Benz Vans will offer electric drive options on all its commercial van model lines. The commercial model ranges with electric drive will thus cover all requirements from people moving to goods transport. A commercial fleet must be able to meet transport needs economically and competitively, regardless of the type of powertrain.
The financing was led by a combination of new and existing shareholders. million callable common share purchase warrants, each exercisable into one common share at any time without conditions by Osum, at a price of $12.50 Osum’s Taiga project in the prolific Cold Lake region continues to advance towards commercialization.
Tesla will offtake the majority of the proposed initial expansion of AAM production capacity at Vidalia at a fixed price for an initial term of four years commencing from the achievement of a commercial production rate, subject to final qualification. Vidalia battery anode material project site.
Other than that commitment, however, Kior said it has no other near-term sources of financing. in two weeks—it will not have adequate liquidity to fund operations and meet obligations (including debt payment obligations), and would not expect other sources of financing to be available. million.
The investment forms part of Sila Nano’s $170-million Series E financing, which was led by Daimler. With the latest round of financing secured, Sila Nano has begun ramping up production volume and plans to supply its first commercial customers in consumer electronics within the next year.
has entered an off-take agreement with Tenaska BioFuels, LLC (TBF) for the purchase and sale of all ethanol produced at BlueFire’s planned cellulosic ethanol facility in Fulton, Miss. Also, it will move BlueFire closer to a debt financing agreement with the Department of Energy and US Department of Agriculture. Earlier post.).
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