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million grant as part of its Seeding Critical Advances for Leading Energy technologies with Untapped Potential (SCALEUP) program. Niron will use this financing to advance the commercial partnerships and pilot production of its rare earth-free Clean Earth Magnet, further demonstrating its potential to replace rare earth permanent magnets.
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.
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.).
an Ann Arbor-based developer of next-generation lithium-ion batteries ( earlier post ), has completed a $7-million Series B round of financing. Sakti3, Inc., Sakti3 will release separate announcements related to its technology, expansion plans, and other partners in the coming months.
million) grant, should include a three-year study at the Fraunhofer Center for Chemical-Biotechnological Processes (CBP). The pre-commercial pilot is designed for an isobutene production capacity of up to 100 tons per year. million grant from the BMBF within the “BioEconomy Cluster” framework. million (US$7.7-million)
million in new financing. Niron will begin sampling in limited quantity to selected partners, who can collaborate closely with Niron to design the magnets into suitable high-volume applications. Niron Magnetics , a company developing high-performance rare-earth-free iron-nitride (FeN) permanent magnets, has raised $21.3 Background.
The Pennsylvania Department of Environmental Protection (PA DEP) awarded $516,637 in clean diesel grants to four organizations. Berks, Lehigh and Northampton counties are currently designated as non-attainment for federal particulate matter standards. Jennings Transportation Corp.:
As part of the agreement the partners will offer aircraft leasing and financing solutions that enable operators to run zero-emission flights. MONTE and ZeroAvia aim to retrofit the aircraft for clients starting in 2024 and will provide and finance maintenance and hydrogen availability services to support these operations.
INEOS Bio announced that its joint-venture project, INEOS New Planet BioEnergy (INPB), has finalized $75 million in private financing utilizing the US Department of Agriculture (USDA) loan guarantee program for its new Indian River BioEnergy Center located in Florida. million dollar cost matching grant from the State of Florida.
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. Construction of the Kinross facility is anticipated to start in the next three to six months and is expected to be completed by year-end 2013.
million) loan from a consortium of four French banks—BNP Paribas, Société Genéralé, CIC and Bpifrance—to complete the financing of its demo plant. This new financing will cover the purchase of a complete fermentation unit, comprising an inoculation fermenter, a propagation fermenter, and a 5,000L production fermenter.
The financing is subject to the negotiation and execution of definitive agreements between Eve and BNDES in connection with such credit lines, as well as the satisfaction of certain conditions to be set forth in such definitive agreements.
billion in formula funding to states and local governments to develop carbon reduction strategies and fund a wide range of projects designed to reduce carbon emissions from on-road highway sources. A Discretionary Grant Program for Charging and Fueling Infrastructure will provide $2.5
The European Investment Bank (EIB) will grantfinancing of up to €300 million (US$426 million) to Valeo for its current research projects aiming to reduce the fuel consumption and CO 2 emissions of cars and improve active safety. Tags: Europe Financing Policy Vehicle Manufacturers. billion (US$4.8
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. Boston-Power currently uses cobalt and manganese on the cathode with graphite on the anode.
The program was originally designed to encourage the early adoption of emerging technology, and its goal was to accomplish a 16% market share for clean vehicles. The existing CVRP program will continue to accept applications while funding remains available. Now, California has 1.5 Now, California has 1.5
BNP Paribas will act as financial advisor in connection with assisting and supporting ClearFuels in securing financing arrangements for senior secured debt for the project. million conditional grant from the US Department of Energy. ClearFuels expects to begin receiving funds from this grant by the end of March. Earlier post.).
has executed a letter of engagement with BNP Paribas to act as financial advisor to assist and support ClearFuels in securing senior secured debt financing for its commercial thermochemical Biomass-to-Liquids (BTL) biorefinery projects. These services would be directed, in part, to create financing plans for the commercial projects.
Conducted by Georgia Tech, the project is financed by a $50,000 Ford College Community Challenge Grant, one of five given annually for a student-led project that matches university resources with an urgent community need related to sustainability. Atlanta Public Schools (APS) donated the bus for the project.
million Series A financing. million financing and grant awards totaling almost $1 million from the National Science Foundation (NSF), US Air Force (USAF) and US Navy (USN), Boulder Ionics will demonstrate the use of ionic-liquid-based electrolytes in a range of devices from ultracapacitors and lithium-ion batteries to metal-air batteries.
Scheduled for groundbreaking this summer, the 650,000 square-foot facility will be financed in part from a $151.4 million grant the company received from the US Department of Energy (DOE) as part of the Recovery Act Award for Electric Drive Vehicle Battery and Component Manufacturing Initiative. LG Chem Ltd.
The full package comprises ship design, shipbuilding, ship management, leasing, financing arrangements and crews. For example, we can provide the vessel including crew for one client, but just a financing arrangement for another, while handling all for a third client. Bodewes Binnenvaart B.V., Jan Sneekes, QaGroup CEO.
Cuberg developed an advanced lithium metal rechargeable battery cell that is designed to be a drop-in solution to existing large-scale battery manufacturing processes. In September 2017, CalSEED awarded Cuberg $150,000 in Phase I grant funding. In December 2017, NSF SBIR awarded Cuberg $225,000 in Phase I grant funding.
Archer intends to invest $118M over the next 10 years and will receive an incentive package totaling 33% of its capital investment commitment, which includes land conveyance, tax incentives and Georgia REBA grant. Archer will receive an incentive package, which includes land conveyance, tax incentives and Georgia REBA grant.
Under the terms of the MassCEC financing, A123 will double its Massachusetts employment to more than 500 by 2014. The company anticipates making $80 million in capital expenditures in Massachusetts to build up its manufacturing and R&D capabilities there by the end of 2014.
Earlier this year, the Norwegian Maritime Authority and DNV granted preliminary approval for the below-deck system. This will in turn allow us to utilize different financing models as we believe this will be necessary to get the zero-emission market up and running. Earlier post.) —Kristian Osnes.
A report published by the European Court of Auditors (ECA)—the official institution that audits EU finances— found that two-thirds of urban transport projects co-financed by EU structural funds are underutilized. The auditors also physically visited the co-financed facilities, and the operating and maintenance centres.
million tons per annum) of spodumene ore through a plant designed to produce 1,150-1,200 tons per day (~350,000 tons per annum) of 5.5-6.0% Ascend Elements will plan, design, and build Apex 1 on an existing greenfield site in Hopkinsville, a disadvantaged community (DAC) in southwestern Kentucky. Li 2 O spodumene concentrate.
Axens Vegan technology is designed to hydrotreat a wide range of lipids and to produce a flexible slate of low-density and high cetane renewable diesel as well as renewable jet fuel. Aemetis, Inc. has selected Axens Vegan Renewable Hydroprocessing technology for its “Carbon Zero 1” production plant in Riverbank, California.
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.
The factory is designed to enable the complete production process, including research and development, manufacturing of high-value components, cell fabrication, module fabrication and the final assembly of complete battery packs ready for vehicle integration. The new plant in Livonia, Mich.
An annual ' tracking the progress of California Climate Investments, released by the California Air Resources Board and the California Department of Finance, finds that nearly $1.4 billion in new funding last year went to projects across all of California’s 58 counties—almost double the $720 million spent in 2017.
The work to enable this market access and grid support during the heatwave was made possible by the Nuvve-led INVENT project, funded by an EPIC grant from the California Energy Commission (CEC). Leap operates a leading marketplace for grid flexibility focused on Distributed Energy Resources.
The process is designed to be used downstream from multiple sugar production pathways: sugar, starch and cellulose. Ahead of IBN-One’s formation, Global Bioenergies and Cristal Union conducted a preliminary design study at several potential industrial sites. Many other licenses are expected to be granted over the next few years.
The specially-designed category D rig is able to operate at water depths up to 1300 meters (4,265 feet) and drill wells down to. The rig is designed for mid-water segments on the Norwegian Continental Shelf (NCS), but is also applicable in other regions. The contract period is for eight years with an aggregated value of US$2.66
The JU publishes annual calls for proposals (from 2008-2013), on the basis of which funding is granted for research, technological development and demonstration projects. Demonstration activities in hydrogen production are prepared with a call for an efficient design for a large-scale hydrogen liquefaction plant. Earlier post.).
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. billion in funding.
Further, Solazyme can design and produce novel tailored oils that cannot be achieved through blending of existing oils alone. The facility, which will be equally financed by Solazyme and Bunge, has been designed to integrate with a new cogeneration unit at the Moema mill, and can be expanded for further production in line with market demand.
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.).
With end to end, turnkey commercial EV infrastructure design and development, InCharge Energy can accelerate electrification of the transportation industry with sustainable and scalable solutions. InCharge Energy is one of the industry’s leading developers of commercial EV charging systems, providing solutions tailored to commercial fleets.
Vouchers and grants are available in some regions for zero-emissions vehicles. Ford’s vehicle warranty covers the base chassis for vehicles with the LightningElectric upfit, and Ford Motor Credit financing is available. Lightning Systems worked with New Eagle on the design of the LightningElectric system for the Ford Transit.
Terraframe has signed a contract with Sweco for the detail engineering design of the battery chemicals plant. Finnish Minerals Group’s share of the funding will be carried out by reallocating €30 million to the plant project from the €50 million investment commitment granted to Terrafame Plc in February 2017.
Early design concept development program with a European automotive company. year financing under the Department of Energy’s (DOE) Advanced Technology Vehicle Manufacturing Incentive Program (ATVMIP). million was financed through capital leases. Ener1 has applied for $480 million in 10?-year Ener1 purchased $21.3
Syzygy Plasmonics, a technology company developing a high-performance photocatalyst for the industrial gas, chemical and energy industries, announced a $23-million Series B financing led by Horizons Ventures with participation from new global investors including Equinor Ventures. Earlier post.).
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