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Pinnacle Engines also announced closure of its Series C financing, bringing total investment in the company to more than $30 million. Investors in the round included Mitsui Global Investment, VenturEast and a strategic OEM partner along with its existing investors Bessemer Venture Partners, New Enterprise Associates and Infield Capital.
completed a financing for C$5 million (US$4.96 Each share purchase warrant is convertible into one common share of the corporation. This financing provides valuable working capital for future growth, including certain strategic initiatives. Canada-based Li-ion battery maker Electrovaya Inc. issued to the lender.
FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. The company’s project finance subsidiaries may draw on the facility to finance the construction of projects through the commercial operating date (COD) of the power plants.
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. overseeing all powertrain technologies, as well as the 2014 Society of Automotive Engineers (SAE International) presidential nominee.
A subsidiary of Valero Energy Corporation will provide financing to Diamond Green Diesel LLC, a previously announced joint venture project between Darling International and Valero Energy Corporation ( earlier post ), for the construction of its renewable diesel facility in Norco, Louisiana. Darling International Inc.
Volvo Car Corporation, Ericsson, the utility company Göteborg Energi and the Viktoria Institute are collaborating in the research project ELVIIS (Electric Vehicle Intelligent Infra Structure) to develop a concept for using intelligent infrastructure for the smart on-board charging of plug-in vehicles.
Hyundai Motor Company is partnering with Incheon International Airport Corporation (IIAC), Air Liquide Korea and Hydrogen Energy Network (HyNet) to establish a hydrogen refueling station for fuel cell electric buses at Incheon Airport’s Terminal 2 by March 2021. Hyundai fuel cell bus.
Stage 1 Ventures led the round with participation from Air Waves Wireless Electricity and a strategic investment by Mitsubishi Corporation through its US subsidiary, Mitsubishi Corporation (Americas). Mitsubishi Corporation’s investment in WiTricity reflects an innovative vision for the future of smart cities.
Lordstown Motors Corporation, a startup developing an all-electric pickup truck serving the commercial fleet market, merged with DiamondPeak Holdings Corporation, a special purpose acquisition company (SPAC). In November 2019, the Lodstown Motors acquired the Lordstown Complex, formerly a General Motors Corporation (GM) factory.
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.
Darling International and a subsidiary of Valero Energy Corporation are taking initial steps towards the formation of a joint venture to build a facility capable of producing more than 10,000 barrels/day or (135 million gallons per year) of renewable diesel on a site adjacent to Valero’s St. Darling International Inc.
The company now expects to have sufficient funding to complete a feasibility study on the Trelavour Project which the company would use to obtain the necessary debt and equity finance to enable project construction.
CPV); GE Energy Financial Services; and Diamond Generating Corporation (DGC), a wholly-owned subsidiary of Mitsubishi Corporation, co-owners of the planned $900-million CPV Sentinel power plant, have closed the largest project financing in the US thermal power industry this year for the facility to be built in Riverside County, Calif.
SafeAI, a global leader in autonomous heavy equipment, announced a collaboration with Siemens today to create an autonomous, zero emission heavy vehicle fleet for Obayashi Corporation. In partnership with pioneers like SafeAI and Obayashi Corporation, we can imagine a more sustainable future for these industries.
With this level of cell energy efficiency—well above International Renewable Energy Agency’s (IRENA) 2050 target and significantly better than existing electrolyzer technologies—hydrogen production cost could be well below US$1.50/kg. 2 and 85 °C of only 1.51 V, equating to 98% energy efficiency, with an energy consumption of 40.4
Agilyx Corporation has secured a new round of Series C funding worth $25 million, led by new investor Keating Capital and joined by existing investors Kleiner Perkins Caulfield & Byers, Saffron Hill Ventures, Waste Management, Total Energy Ventures International, an affiliate of Total S.A., Earlier post.).
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).
CPT was advised on the transaction by Turquoise International (corporatefinance) and Matthew Arnold Baldwin (legal & tax). It also validates our approach to technology development, which we apply to all our products. —CPT CEO Nick Pascoe“.
China National Petroleum Corporation (CNPC) recently put its first hydrogen station in Beijing into operation. CNPC) is an integrated international energy company. Jointly built by CNPC and Beiqi Foton Motor Co., Foton), the hydrogen station covers an area of about 1,700 square meters in Changping District.
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.
Wu co-founded GSR Ventures in 2004, following a series of senior-level positions with Nortel Networks, Shanghai ASMC, Shanghai Nortel Semiconductors Corporation and Guangdong Nortel Telecom Corporation.
The US Development FinanceCorporation’s (DFC’s) Board of Directors approved the provision of up to $150 million in financing to Twigg Exploration and Mining—a wholly-owned subsidiary of Australia-based Syrah Resources Limited—to fund investments in the company’s graphite mining and processing operation in Balama, Mozambique.
Dyadic International, Inc., Dyadic expects to use proceeds from this offering for working capital including continued investments in research and development and new product introductions, and general corporate purposes.
Existing investors Breakthrough Energy Ventures, Ecosystem Integrity Fund, Summa Equity, Shell Ventures, and SYSTEMIQ also participated in the financing. She previously served on the Board of Governors for the International Air Transport Association (IATA) and was a Non-Executive Director for the airline retailer Datalex.
Navistar InternationalCorporation is a holding company whose subsidiaries and affiliates produce International brand commercial and military trucks, MaxxForce brand diesel engines, IC Bus brand school and commercial buses, Monaco RV brands of recreational vehicles, and Workhorse brand chassis for motor homes and step vans.
ZAP will begin financing discussions with fleet operators pending successful completion of the trial which is likely to run through the winter season. ZAP plans to utilize this financing alliance to pursue other volume fleet opportunities in the Americas and SE Asia.
Valero Energy Corporation, the US’ largest independent oil refiner, has invested in cellulosic biofuels and consolidated bioprocessing company Mascoma Corporation ( earlier post ). Valero Energy Corporation is an international manufacturer and marketer of transportation fuels, other petrochemical products and power.
Following its corporate fleets, PCNA will soon offer Porsche Impact to USA customers who want to reduce the CO 2 footprint of their internal-combustion engines. PCNA estimates it will offset more than 3.5 Porsche customers can choose from four different internationally certified projects to support.
The latest Autotech & Mobility M&A Market Report from Hampleton Partners, the international M&A and corporatefinance advisory firm for technology companies, shows that the appetite for Autotech & Mobility deals has remained consistent despite the impact of COVID disruption, the global semiconductor shortage and supply chain issues.
Saying that “ investment-grade climate change and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climate change.
BIOX Corporation, Canada’s largest biodiesel producer, signed definitive agreements with International-Matex Tank Terminals (IMTT) to secure the site and related infrastructure for the construction of its second biodiesel production facility. BIOX’s second facility will have a 100 million liter annual capacity (26.4
In addition to the independent studies that have already been conducted and are publicly available, the financing partners will perform on-going monitoring to ensure that the project fully meets its commitments. The first 118 farmers graduated from the “Addax Farmer Field and Life School” in January 2011, and training is ongoing.
In the current economic environment, small companies are finding it especially challenging to raise financing for first-of-a-kind commercial-scale facilities. BioEnergy International. HA International. Life Technologies Corporation. Jim Greenwood, president and CEO of BIO, the Biotechnology Industry Organization.
The Deployment track (PACE-D) includes a Clean Energy Finance Center, the public-private Energy Cooperation Program, and a range of bilateral cooperative activities. MEMC Corporation; and Solarmer Energy Inc. Hindustan Petroleum Corporation Ltd.; Hindustan Petroleum Corporation Ltd.; Moser Baer India Ltd.; Thermax Ltd.;
They will create an EV climate loan and lending platform that saves most drivers more than $200 per month on an electric car loan by incorporating thousands of dollars in EV rebates and incentives into the upfront financing of each car. CalSEED is an initiative made possible by the California Energy Commission.
Graphex Technologies LLC, the US subsidiary of Graphex Group Limited, and Northern Graphite Corporation announced that Graphex will participate in Northern’s previously announced selection process for a site suitable for the construction of a large-scale graphite processing facility in Baie-Comeau, approximately 420 km north-east of Québec City.
A123 Systems, a developer and manufacturer of advanced lithium-iron phosphate batteries and systems, signed a non-binding memorandum of understanding (MOU) with Wanxiang Group Corporation establishing the framework for a strategic investment through which Wanxiang would invest up to $450 million in A123. million (a decrease of 53% from $36.4
Xiaomi Corporation, a global leader in the technology and consumer electronics sector, is joining as a strategic investor. Xiaomi Corporation and Xpeng Motors have achieved significant progress through in-depth collaboration in developing technologies connecting smart phones and smart cars. — Lei Jun, CEO of Xiaomi Corporation.
Searle oversaw an internal purchasing probe during his final days at the company before leaving. Bloomberg , citing three people familiar with the matter, said Searle was relieved by Dinna Eskin, a Deputy General Counsel at Tesla, less than a month ago after the internal purchasing scandal took place.
Sun Catalytix Corporation (Sun Catalytix), an energy storage and renewable fuels company ( earlier post ), completed a $9.5-million The funds raised in this financing will support continued development of the company’s catalyst technology.
Queisser is a senior executive with international business leadership experience spanning Europe, Africa, the Middle East, and North America. Alongside Queisser is Albert Ishak, CFO, previously Financial Controller within the Airbus A400M program, who has led organizations across aerospace, agriculture, gaming, finance, and logistics.
BYD and The Hertz Corporation, the world’s largest general use car rental brand, announced a strategic partnership to promote new energy applications to propel the development of the EV markets in China. The core technology of BYD’s e6 is BYD’s internally developed lithium iron-phosphate (FE) battery technology. in October 2009.Behind
Bringing developing countries into the carbon markets in order to encourage low carbon development, provide finance and make the most of mitigation opportunities. International climate negotiations can only go so far. This will send a clear signal to the corporate sector and stimulate investment to produce innovative solutions.
Previous winners have fixed carbon into stone in Iceland, produced biofuels in Kenya, and helped corporations around the world set and achieve emissions goals. of the International Institute for Environment and Development; Dr. Brenda Ekwurzel, Ph.D., The competition is open until 10 Feb to applicants from around the world.
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