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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.
Start-up Liquid Light, a developer of process technology to make major chemicals from low-cost, globally-abundant carbon dioxide ( earlier post ), has closed a $15-million Series B financing. The financing was completed at a significant increase in company valuation.
DOE also announced the “America’s Most Affordable Rooftop Solar” competition to aggressively drive down the cost of rooftop solar energy system as well as $8 million in awards to nine small businesses to lower the cost of financing, permitting, and other “soft costs,” which can amount to nearly half the cost of residential solar systems.
Consumers who purchase an electric vehicle will find that lifetime costs to own the vehicle are competitive with conventional and hybrid vehicles, according to an analysis conducted by the Electric Power Research Institute (EPRI). However, they can be relatively inconvenient for long-range driving, depending on the vehicle design.
SolarCity and Honda have renewed their partnership with a new fund expected to finance $50 million in solar projects. From an initial phone call or Web consultation, SolarCity can quickly assess whether a homeowner is a good candidate for solar, and can design a custom solar system to meet a customer’s specific energy needs.
The Showroom includes the State EV Policy Dashboard; EV Roadmap Roundup; EV Funding and Financing Guide; EV Tools and Calculators Clearinghouse; AchiEVe Toolkit; Freight Electrification Report; and ZEV State Scorecard. The State EV Policy Dashboard displays the status of 10 leading state EV policy strategies, updated monthly.
Government leaders, ministers, international finance, business partners and civil society from across Africa attended the unveiling event. This is equivalent to energy costs of US$60 a barrel. The report was formally handed over to partners on 20 December.
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 Finance Corporation (CEFC). Gerry Swiegers, Chief Technology Officer at Hysata, says said the overall design of the Hysata electrolyser system is simpler than existing technologies.
a federal mileage fee—as a way to reform financing of the US transportation infrastructure. The recommendation is part of the final report issued by the National Surface Transportation Infrastructure Financing Commission, “ Paying Our Way: A New Framework for Transportation Finance ”. The nation faces a crisis. Paying our Way”.
Lordstown Motors will use the site to build the Endurance, its flagship fully-electric full-size pickup truck designed specifically to serve the commercial fleet market. The design significantly increases reliability, maximizes performance, and reduces total cost of ownership.
And the nuclear industry must quickly address the issues of cost overruns and project delays that have bedevilled the construction of new plants in advanced economies. As a result, advanced economies have lost market leadership, as 27 out of 31 reactors that started construction since 2017 are Russian or Chinese designs.
The ZESPacks are designed for multiple applications, enabling them to be utilized for temporary onshore use, such as stabilizing the local electricity grid or meeting short-term demand for electrical power. To make it easier for barge operators to sign-on to the concept, a ‘pay-per-use’ financing model has been developed.
Cost of carbon abated for transport applications. The essential first condition that must be satisfied, according to the report, is that feedstock specification and the process design are matched; the gasifier in particular can not be omnivorous. Cost of carbon abated. Click to enlarge.
Additionally, to unlock maximum savings for the City, Vision Fleet will utilize its comprehensive suite of technology, data analytics, and operational support designed specifically for reducing the cost of ownership of alternatively fueled vehicles.
We have instead elected to pursue private financing opportunities to support the execution of our business plan. Smith produces zero-emission vehicles that are designed to be an alternative to traditional diesel trucks, providing higher efficiency and lower total cost of ownership. —Bryan Hansel, Smith’s CEO.
The program is designed to ensure that fleets feel prepared to make the switch from vehicles powered by internal combustion engines to electric vehicles. Ultimately, this will allow Octillion to build market cases for traditional financing groups eager to get into battery leasing but concerned by the technology. —Paul Beach.
Enedym, a switched reluctance motor (SRM) spinout from McMaster University, closed a $15-million financing round from an international group of strategic investors within the US, Canada, Europe, and India, including P&A Paletta Giving Inc., TRIO Capital Group Inc., Napino Group, KWG Capital Inc., Earlier post.).
The zero-emission commitment from the school significantly lowers operating and fuel costs for the district to 50% of what it paid previously when charging its electric buses, as well as reducing the exposure of students and the local community to diesel particulate pollution. kWh through AMPLY’s fully-managed, turnkey charging services.
The package includes the Green Climate Fund; an Adaptation Committee designed to improve. Countries have already started to pledge to contribute to start-up costs of the fund, meaning it. A Standing Committee is to keep an overview of climate finance in the context of the UNFCCC. Governments acknowledged the “urgent. Adaptation.
By leveraging their respective strengths in microgrid technology and scalable, repeatable designs, both Faith Technologies and Schneider Electric will help PACCAR deliver power systems solutions that benefit their customers and the environment. PACCAR Financial will provide flexible financing options for infrastructure and charging systems.
After the US federal tax credit is applied, the cost of the Fisker Ocean drops to a starting price of US$29,999 (US). Fisker will also offer a “$0 drive off” option through a fully financed $2,999 down payment for credit-approved customers. Fisker is pricing its new Ocean electric SUV with an MSRP of US $37,499.
It is an ideal fun hatch which offers premium, safety and technology features, eco-friendly footprint, spirited performance, all made even more desirable with the added advantage of a low cost of ownership. —Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles Ltd., and Tata Passenger Electric Mobility Ltd.
AMPLY Power is working with Duke Energy Sustainable Solutions to expand fleet electrification offerings, including the first commercially available combination solar canopy and overhead electric vehicle charging solution covered by a power purchase agreement (PPA) leasing and financing model. PIDE Canopy Mount.
Proterra launched Proterra Energy fleet solutions , a full suite of options that enable turnkey delivery of a complete energy ecosystem for heavy-duty electric fleets, including design, build, financing, operations, maintenance and energy optimization.
M-KERS can recover up to 70% of braking energy for around a third the cost of battery electric hybrids, the company says. M-KERS for a city bus, with a weight of around 125 kg (276 lbs), weighs between 75 and 85% less than competing battery-based electrical hybrid systems, Torotrak notes. Torotrak has conditionally raised funds of £16.0
The work plan financed by the EC is divided into two stages: modification of a light-weight two-seater airplane with an electric engine completely supplied by hydrogen; the test flights on this are aimed at identifying the technical advantages and improvements in performance obtained with the new generation electrical energy. million (US$6.6
With less hardware to purchase and less equipment to install, the multi-dispenser charging solution lowers the cost of infrastructure for customers. Proterra’s team of in-house experts can design and implement the best charging infrastructure solution that fits the unique needs of transit agencies and other heavy-duty EV fleet operators.
Based on that long-standing relationship, we have already conducted the early stage planning for this next facility including the design tie-ins and site specifications prior to signing these agreements.
As the lead investor in Joby’s $590-million Series C financing, Toyota is continuing to leverage emerging technologies to provide "Mobility for All.". In addition to investing $394 million in Joby, Toyota will share its expertise in manufacturing, quality and cost controls for the development and production of Joby Aviation’s eVTOL aircraft.
The solicitation was designed as a call for early-stage clean energy innovations that fall within five defined technology areas: energy efficiency; energy storage; AI/machine learning; advanced power electronics/power conditioning; and zero- and negative-carbon emission generation. the cost of energy storage?by by at least 10 times.
This will be accomplished through the development of proactive field validation, public-private partnerships, bankable business models, financing, technology and interconnection standards, contract standards, and the dissemination of high-quality market data.
The feasibility study is expected to determine the most likely pipeline route, the estimated costs of constructing such a pipeline, and review regulatory, legal and permitting requirements. This program, instituted in the Energy Policy Act of 2005, is designed to spur technological innovation in fossil fuel development.
a developer of gallium nitride power switching semiconductors, closed a $20-million Series C financing round. GaN Systems said the financing will enable it to ramp up sales and marketing support for its rapidly growing international customer base and to continue manufacturing line expansion. GaN Systems Inc.,
The new purification facility will be designed, subject to positive economic analysis, to produce 15,000 tons of spherical battery grade flake graphite at peak, by 2015, and the anode production facility will be designed to produce up to 5,000 tons of anodes.
Carbon Sciences says it will design its plant to produce gasoline cost-effectively from the thousands of available small- and medium-size natural gas fields. Our first project must be absolutely ‘bankable’ to obtain the necessary project financing. Optimization of this section will yield significant cost benefits.
Each plant is designed to convert approximately 6,000 tonnes of mixed waste plastic annually, specifically targeting mixed waste plastic diverted from landfill, and to produce in excess of 4 million liters (1.056 million gallons US) of specification diesel fuel. Cynar system.
million second round of financing to fund the development and demonstration of technology designed to lower the cost of Engineered Geothermal System (EGS) electricity generation. In 2008, AltaRock closed a $26.25-million
The plan lays out steps to strengthen the key core technology for new energy vehicles, including: Vigorously promoting battery technology and innovation, with a focus on battery power system security, reliability studies and lightweight design. kW/kg, at a cost of 200 yuan/kW. Wh), with a cycle life of 2,000 or more than 10 years;and.
Cells and modules: The project aims to develop innovative cells and modules designed to meet the safety, and performance required for both automotive and non-automotive applications (e.g. Innovation will also specifically aim at improving the environmental sustainability in all segments of the battery value chain.
Noting that higher voltage (42V) batteries were tried—and failed—more than a decade ago, Pike said that at that time, converting all onboard electronics to the higher voltage was viewed as impractical, and the cost of DC-to-DC converters was prohibitive. Battery swapping gives way to battery financing.
The IPO enables ADOMANI to use its patented technology to accelerate the design, manufacture and marketing of its electric and hybrid drivetrains for new vehicles and in-use vehicles, including targets of school buses and medium to heavy-duty commercial fleet vehicles.
XL Fleet and eNow are collaborating on the design and development of the system that will power eTRUs, as a replacement for conventional diesel-powered systems. eTRUs deliver a lower total cost of ownership and are more environmentally friendly than diesel-powered units currently serving the majority of the market today.
Eligible applicants are designated recipients of FTA grants, states, local governmental authorities and Indian Tribes. Maximum Federal participation in the costs of leasing or acquiring a transit bus financed under the Low-No Program is 85% of the total transit bus cost.
In 1954, architect Wallace Harrison designed a plan that gave major airlines their own terminals. Case study: Early electric tugs designed specifically for GM In 2006, GM came to Eagle Tugs with a project to standardize its tow tractor (tugger) fleet across all its plants worldwide.
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