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PHEV conversion company Echo Automotive completes $3M financing, joins CALSTART

Green Car Congress

a developer of technologies enabling the conversion of existing fleet vehicles into plug-in hybrid electric vehicles, completed a $3-million financing with United Fleet Financing, LLC, through a private placement offering and mezzanine financing. The terms of this note include conversion features at $0.55

Financing 218
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Clean Energy to Acquire BAF Technologies, Natural Gas Vehicle Technology and Conversion Company

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has signed a purchase and sale agreement to acquire BAF Technologies, Inc., the leading provider of natural gas vehicle systems and conversions in the United States. The purchase price payable at the closing of the acquisition of BAF is approximately $8.3 Clean Energy Fuels Corp. Due to the fact that approximately $3.8

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Government of Québec unveils $2.7B climate change action plan; 63% of spending targeting transport

Green Car Congress

The PACC 2020 is self-financed from the carbon market and the extension until 2014 of the fuel levy and fossil fuels. The action plan and strategy adaptation represent a total investment of nearly C$2.7 billion (US$2.6 Almost 63% (C$1.7 Almost 63% (C$1.7 GHG emissions in Québec reached their historic peak in 2003 to 6.8%

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STEAG and thyssenkrupp planning joint green hydrogen project

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In the next few years, the company expects the conversion of one blast furnace to result in an annual demand of around 20,000 tonnes of green hydrogen. This demand will increase to some 720,000 tonnes per year by 2050 as a result of the gradual conversion of the plants and equipment.

Hydrogen 482
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RATP splits ~800 electric bus order between HeuliezBus, Bluebus/Bolloré and Alstom/Alstom Aptis

Green Car Congress

This purchase represents an order potential of nearly 800 buses (of which about 200 are in firm order), financed 100% by île-de-France Mobilités (in direct grant or via the contract île-de-France Mobilités – RATP). The first order of approximately 150 vehicles, distributed over the three lots, will be processed as soon as possible.

France 302
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Pennsylvania awards $3M+ in 33 incentive grants for alternative fuel vehicles

Green Car Congress

The awarded AFIG grants will help pay for the conversion or purchase of 351 natural gas vehicles and 337 propane vehicles weighing less than 14,000 pounds. The Act 13 Natural Gas Vehicle grants are financed by impact fees paid by natural gas operators.

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Energy Conversion Devices files Chapter 11, seeks sale of businesses; Ovonic Battery Company sold to BASF Corporation

Green Car Congress

51-year-old Energy Conversion Devices, Inc. OBC), to BASF Corporation for the gross purchase price of $58 million in cash before transaction fees, minority participations, and working capital and other adjustments. On 13 February ECD sold its majority owned subsidiary, Ovonic Battery Company, Inc. Earlier post.)