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Total corporate funding (including venture capital funding, public market, and debt financing) for the energy storage, smart grid, and energy efficiency sectors in 2022 was up 63% with $31.7 Corporate funding for energy storage, smart grid, and energy efficiency companies. billion compared to $19.5 billion in 2021.
million of financing in its Series D round. Braemar Energy Ventures and Kleiner Perkins Caufield & Byers led the financing and were joined by Toyota Tsusho Corporation and existing investor Rho Ventures. Additionally, Coulomb will expand its position in both existing and new markets.
Pinnacle Engines also announced closure of its Series C financing, bringing total investment in the company to more than $30 million. Comprising individuals known and respected for their extensive experience in Asian markets, the Board will offer strategic business and technological advice to Pinnacle Engines’ executive team.
Volvo Car Corporation and China Development Bank Corporation have signed a Memorandum of Understanding (MoU) for a strategic partnership. —Stefan Jacoby, CEO & President of Volvo Car Corporation.
Better Place, a developer and provider of electric car networks—including battery switch stations, batteries and public/personal charge spots ( earlier post )—worldwide, has secured $200 million through a Series C equity financing from a consortium of top-tier investors and partners, nearly doubling the company’s valuation to $2.25
Chemrec signed a cooperation agreement with China Tianchen Engineering Corporation, TCC, to provide an integrated offering of Chemrec plants on a global lump-sum turn-key basis and co-market the Chemrec black liquor gasification technology—a route to second-generation biofuels or green power.
a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. Going forward, our primary goal for both current and future capital initiatives is to leverage the best available financing solutions that will provide liquidity and favorable economics.
Omnitek Engineering Corporation, a developer of natural gas engines and diesel-to-natural gas conversion systems, has entered into a definitive agreement with investors for a private placement of common stock and warrants to raise approximately $5.0 million in gross proceeds. Merriman Capital, Inc.
million) Series A financing round. Trafigura, TechEnergy Ventures and Doral Energy-Tech Ventures also participated in the financing. Leveraging the funding, OXCCU plans to accelerate its path to market by scaling its catalytic approach to convert hydrogen and carbon dioxide into SAF and other sustainable fuels.
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.
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.
million and will be used to increase and accelerate production volume, advance new products to market, replace previous higher cost financings, and support current working capital and other general corporate purposes. The proceeds of the offering before expenses are expected to be approximately $194.5
Wind project financing was up 16% from 1H 2021, at $84 billion. Both sectors have been challenged recently by rising input costs for key materials such as steel and polysilicon, as well as supply chain disruptions and rising financing costs. billion raised—up 63% on the previous year. The 2Q figure, at $3.9
UQM Technologies, a developer of and manufacturer of power-dense, high-efficiency electric motors, generators and power electronic controllers for the automotive, commercial truck, bus and military markets, completed a $5.3-million Given the solid market conditions, we chose to go to the market now.
Mazda Motor Corporation will introduce the Mazda2 Hybrid in Europe from the spring of 2022. The Mazda2 Hybrid will be an OEM model supplied by Toyota Motor Europe, a wholly owned subsidiary of Toyota Motor Corporation, and will be added to the Mazda2 lineup in Europe and sold as Mazda's own brand vehicle.
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. regarding functionality for the user.
The technology can serve the fast-growing electrified vehicles and hydrogen transportation markets. Enabling carbon-neutral electrification is a key priority for Marubeni Corporation. —Masayuki Omoto, COO of Next Generation Business Development Division of Marubeni Corporation. million ($48.5
Group14 Technologies announced $18 million in new financing from Amperex Technologies Limited (ATL), Showa Denko (SDK), Cabot Corporation, BASF Venture Capital, and OVP Venture Partners. When the automotive industry is fully electrified, there will be a nearly trillion-dollar battery industry, 25 times bigger than today.
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.)
Announced debt and public marketfinancing activity in the first half of 2019 ($547 million in five deals) was 275% higher compared to the first half of 2018 when $146 million was raised in six deals. Announced debt and public marketfinancing for smart grid companies came to $1 million in one deal in 1H 2019 compared to $1.3
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.).
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 will market the ethanol produced at the Kinross facility. Mascoma, through its subsidiary Frontier, will hold a minority interest.
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.
The financing round was led by LDV Partners and Alpha JWC Ventures. Venti Technologies, a developer of safe-speed autonomous logistics systems, secured approximately $8 million in a seed round funding.
Axial Vector Energy Corporation (AVEC) has developed a new hybrid electric drive train comprising a small axial-type, multi-fuel AVEC engine ( earlier post ), an AVEC generator/motor and an all new electric clutch. The electric clutch is composed of AVEC permanent magnets and coils and is engaged when the two come in proximity.
SolarCity and Honda have renewed their partnership with a new fund expected to finance $50 million in solar projects. The companies have already completed or initiated a range of solar projects for homeowners, dealerships and corporate facilities that total more than 12.5 Earlier post.) MW of solar generation capacity. Earlier post.)
The BASF subsidiary led a $50-million financing round, joined by new and existing investors. In the partnership with Renmatix, BASF is pursuing a new direction while simultaneously underlining its corporate strategy of offering even more sustainable solutions. Earlier post.) Renmatix’ represents a new, fourth approach.
The report also finds that climate-tech corporatefinance totaled $165 billion in 2021. This category of investment, not included in the $755 billion, describes new equity financing raised by companies in the climate-tech space, either from public markets or private investors.
Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,
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. USO is a global leader in manufacturing flexible, lightweight thin-film photovoltaic products for use in the commercial rooftop and building-integrated markets.
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.
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. million hours of operation and 1.6
The Daimler Truck business will have fully independent management, stand-alone corporate governance including an independent Chairman of the Supervisory Board, and is targeted to qualify as a DAX company. Daimler intends that a significant majority stake in Daimler Truck will be distributed to Daimler shareholders.
Volvo Car Corporation confirmed again that it will begin sales of the V60 Plug-in Hybrid—the results of close cooperation between Volvo Car and Swedish energy supplier Vattenfall&mash;in 2012. In January 2007, Volvo Car Corporation and Vattenfall AB launched an industrial partnership whose aim was to test and develop plug-in technology.
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.
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.
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.
Daimler and LBBW successfully tested this innovative technology for capital markets in parallel with the process that is required by regulatory authorities. It has extensive experience in this field, and its innovative projects are helping to shape the future of the financial markets. LBBW has been our partner for many years.
Furthermore, BAIC will increase its stake in the production joint venture Beijing Benz Automotive Corporation (BBAC) by 1% to 51%. At the same time, Daimler will increase its stake in the integrated sales joint venture Beijing Mercedes-Benz Sales Service Corporation (BMBS) by 1% to 51%. BMBS); Mercedes-Benz Auto Finance Ltd.
The A$300 million (US$193 million) Advancing Hydrogen Fund will be administered by the Clean Energy FinanceCorporation (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.
Toyota Motor Corporation and Toyota Financial Services Corporation launched a cross-Group virtual organization, Toyota Blockchain Lab, in April 2019. TRI-AD), TOYOTA Connected Corporation, and Toyota Motor North America, Inc., and relationship-building with partner companies.
GE and Better Place have formed a technology and financing partnership to accelerate the global deployment of electric vehicle infrastructure through collaboration in four key areas: standards-based technology development; battery financing; joint fleet electrification programs; and consumer awareness. GE’s WattStation.
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.
The technology, invented by scientists at the University of Wollongong, is now being commercialized by Hysata , with backing from IP Group and the Clean Energy FinanceCorporation (CEFC). Hodges et al.
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