This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
an Ann Arbor-based developer of next-generation lithium-ion batteries ( earlier post ), has completed a $7-million Series B round of financing. Sakti3 was founded in 2007 as a spin-out of the University of Michigan and has been supported to date by Khosla Ventures and the Michigan Economic Development Corporation. Sakti3, Inc.,
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.).
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.
announced that, following the finalization of the definitive agreements with Nikola Corporation as per the terms sheet described on 9 May 2023, its subsidiary Iveco S.p.A. Iveco Group N.V.
American Suzuki Motor Corporation (ASMC) has received court approval for Debtor-In-Possession (DIP) financing. As a result, the Company will be able to borrow up to $50 million for operations and up to $50 million for purchases of inventory from Suzuki Motor Corporation (SMC). Earlier post.) Earlier post.)
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 Earlier post.).
Accelergy Corporation has received a $1.3-million million grant from the Commonwealth of Pennsylvania to move forward on the construction of a facility to demonstrate its integrated coal-biomass-to-liquids (CBTL) technology platform ( earlier post ) at Intertek PARC, located at the U-PARC facility in Pittsburgh. Earlier post.)
These costs are fully funded, with Valero providing the majority of the financing, and the remainder from awards by the US Department of Energy (DOE) and the State of Michigan. Valero Energy Corporation, through its subsidiaries, is an international manufacturer and marketer of transportation fuels, other petrochemical products and power.
The A$300 million (US$193 million) Advancing Hydrogen Fund will be administered by the Clean Energy FinanceCorporation (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.
Safran acquired an equity interest in Li-Sulfur battery manufacturer OXIS Energy ( earlier post ) through its Safran Corporate Ventures subsidiary, which invests in disruptive technology businesses. Safran Corporate Ventures is participating in a £7-million (US$9.1-million) Source: OXIS Energy.
Additional state grants, combined with the Honda financing, could enable FirstElement to add at least 12 stations to its California hydrogen network. FirstElement received grants totaling nearly $27 million from the California Energy Commission earlier this year to build a network of 19 stations around the state.
Additionally, through its stimulus programs and local industrial policies, the Chinese government is providing a range of grants, low-interest loans and related financial and tax incentives. GSR Ventures has offices in Beijing and Silicon Valley.
Existing investors Breakthrough Energy Ventures, Ecosystem Integrity Fund, Summa Equity, Shell Ventures, and SYSTEMIQ also participated in the financing. million grant ($17-million) to deliver a breakthrough 19-seat hydrogen-electric powered aircraft that is market-ready by 2023. The program kick-off is supported by a new raise of $24.3
Boulder Ionics Corporation, a startup that has developed a novel, high-throughput, low-cost synthesis platform for producing ionic liquid electrolytes for use in advanced energy storage devices, completed a $4.3-million million Series A financing. With this $4.3
Nuvve Corporation, a San Diego-based vehicle-to-grid (V2G) technology company, is participating in a program to deliver resource adequacy to local utility San Diego Gas & Electric (SDG&E) and California’s electrical grid using a large stationary battery located on the University of California San Diego’s (UC San Diego’s) campus microgrid.
But the most immediate and pervasive risk to the economy is a wholesale collapse of the automotive supply base, Grant Thornton LLP partner Laura Marcero told the Automotive Press Association in Detroit. Grant Thornton LLP is the US member firm of Grant Thornton International Ltd, one of the six global audit, tax and advisory organizations.
Under the terms of the MassCEC financing, A123 will double its Massachusetts employment to more than 500 by 2014. A123 Systems has added more than 50 corporate and research and development jobs in Massachusetts in the last year associated with its expanded US manufacturing capacity in Michigan.
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.
NMG’s financing. In connection with these agreements, NMG has closed a non-brokered private placement of 6,666,667 units in the capital of the Corporation, at a price of $0.30 Any new intellectual property developed from this partnership will be jointly owned by HQ and NMG on a 50/50 basis.
million grant to support research efforts to develop enhanced manufacturing processes, testing and utilizing of guayule natural rubber as a strategic source of raw material in tires, and evaluating the remaining biomass of the guayule plant as a source of biofuel for the transportation industry. Other current efforts. Earlier post.).
In addition to the DOE grant, the company received $125 million in state incentives from Michigan as part of its 21 st Century Jobs Fund to help finance these manufacturing facilities. The new plant in Livonia, Mich. As part of its continuing US manufacturing ramp up, A123 also plans to open a coating plant in Romulus, Mich.,
Scania has been granted SEK 30 million (US$4.4 Scania has been granted FFI funding for the phase of the research project that involves the development of innovative technology for both alcohol- and methane gas-based fuels.
In the current economic environment, small companies are finding it especially challenging to raise financing for first-of-a-kind commercial-scale facilities. Life Technologies Corporation. Jim Greenwood, president and CEO of BIO, the Biotechnology Industry Organization. Signatories to the letter include: 25x’25 Alliance.
The RD&D at ACP will be managed under a new enhanced governance structure that strengthens the roles of other project partners such as Babcock and Wilcox (B&W) and Toshiba Corporation, which will provide additional project management support and personnel for the program.
Liquid Metal Battery Corporation (LMBC), a Cambridge, Massachusetts company founded in 2010 to develop new forms of electric storage batteries that work in large, grid-scale applications, has secured the rights to key patent technology from MIT. This is an important step forward for Liquid Metal Battery Corporation.
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.
Lithium Power International Limited has entered into a binding agreement to sell its wholly-owned Australian subsidiary, Western Lithium Ltd (WLI) (100% owner of a number of tenements, including through its subsidiary, CMC Lithium Pty Ltd, in Western Australia) to Albemarle Lithium Pty Ltd (an Australian subsidiary of Albemarle Corporation).
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.
IBN-One is a societe anonyme (limited liability corporation) with share capital of €1,000,000, jointly owned by Cristal Union and Global Bioenergies; the plant could be operational by 2018. Global Bioenergies has granted IBN-One a non-exclusive license to use its isobutene process for a 50,000 tonne capacity plant to be located in France.
ABTC has secured more than 10,000 acres of lithium-bearing sedimentary resources near Tonopah, NV, and its project team has been performing work under an existing grant award from the US Department of Energy’s Advanced Manufacturing Office (AMO) to demonstrate this process in an integrated multi-ton per day field demonstration system.
The New York State Public Service Commission (PSC) has granted the Beacon Power Corporation a Certificate of Public Convenience and Necessity (CPCN) for its proposed 20 MW flywheel frequency regulation plant in Stephentown, New York, and approved the project’s overall financing. Earlier post.).
South Africa-based Sasol and Japan-based ITOCHU Corporation have signed a Memorandum of Understanding (MoU) jointly to study and to develop the market and supply chain for green ammonia with a focus on its use as bunkering fuel and for power generation.
As part of the agreement, the Government has agreed to fund the resumption of TMEP planning and construction work under the ownership of a Crown corporation. —Bill Morneau, Minister of Finance. On 29 November 2016, the Government of Canada granted approval for the Trans Mountain Expansion Project. Background.
The new investment represents the exercise of the maximum additional investment option available to ZMC which was to acquire 117,757 shares at the same price-per-share as the original equity investment granted to ZMC pursuant to the share purchase agreement between ZMC and EEStor dated 30 April 2007.
StormMQ’s innovative machine-to-machine message queuing was designed for banks and finance houses as a secure and cost-effective method of collating and conveying confidential data. —Robin Mackie, Chief Technical Officer of Smith Electric Vehicles US Corporation.
Transit agencies began submitting their proposals after the FTA announced rules for the Transit Investments for Greenhouse Gas and Energy Reduction (TIGGER) grant program as part of the Recovery Act last March. Since President Obama signed ARRA into law in February, grants totaling more than $7.2 The DOT is making $48.1
Ballard will use the proceeds from the financing for general corporate purposes, including potential funding of future acquisitions or investments in complementary businesses, products or technologies. Ballard has granted Broad-Ocean anti-dilution rights to maintain its 9.9% ownership interest.
Green bonds—the funds from which are exclusively applied to finance new and existing green infrastructure projects—were developed as a new investment channel in 2007, with the first few issuances by multilateral development banks, and have grown rapidly in the global market. million (US$25.4
The Natural Gas Initiative has begun funding early stage, exploratory research, following a “seed grant” model used by Stanford’s Precourt Institute for Energy, one of NGI’s hosting organizations. Zoback, Ritts and Schuller are in the process of building out NGI’s corporate affiliates program. Previously the Robert R.
Since 2018, Boyea-Robinson has been assembling a coalition—including financial institutions, grassroots community groups, political and policy leaders, and corporate and philanthropic donors—to reprogram the systems of lending to and investing in these businesses. Boyea-Robinson grew up in Cocoa Beach, Fla.,
I also kept working for major corporate clients as a writer, creative director, brand strategist and subject matter expert. I began writing my Creative Greenius blog and soon earned press credentials for topics like electric vehicles and financing of renewable energy projects.
Generative AI investment skyrockets While corporate investment was down overall last year, investment in generative AI went through the roof. However, he notes that China leads in other categories including AI patents granted and installation of industrial robots.
Moreover, developers must show that the project would make no economic sense without CDM funds and that documentation exists to demonstrate that these factors were considered by the company’s board of directors in their decision to pursue CDM financing.
When you lease a car, a finance company effectively buys it from the manufacturer and leases it to you for the duration of your contract. It’s a great way to drive a brand new car without having to finance the entire cost. The government is currently offering a grant to cover some of the cost of this. How does leasing work?
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content