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received a purchase order for 500 of its all-electric C-1000 delivery vehicles from Pritchard Companies. Inventory financing will be provided by Hitachi Capital America as part of Workhorse’s previously announced strategic partnership with HCA. Workhorse Group Inc.
a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. The remaining $25 million will function as a revolving credit facility from which Workhorse may draw down as necessary to meet existing and future purchase orders.
Designed and manufactured in the United States, Proterra’s electric transit buses are equipped with the company’s own battery technology systems. Pace is the transportation backbone of Chicago’s suburbs and one of the largest public bus service operators in North America, serving an area nearly the size of the state of Connecticut.
GE Capital’s Commercial Distribution Finance (CDF) business has agreed to provide Brammo Inc. with inventory financing to support the expansion of its dealer network in the US. The Ashland, OR-based manufacturer designs and develops electric motorcycles. —Craig Bramscher, founder and CEO of Brammo.
which designs, manufactures, operates and services carbonate fuel cell power plants, announced a broadening and deepening of its existing relationship with NRG Energy including a $35.0-million The terms of the equity transaction include a warrant giving NRG the right to purchase an additional 2.0 FuelCell Energy, Inc., thereafter.
a developer of technologies enabling the conversion of existing fleet vehicles into plug-in hybrid electric vehicles, completed a $3-million financing with United Fleet Financing, LLC, through a private placement offering and mezzanine financing. Echo Automotive, Inc., The terms of this note include conversion features at $0.55
There was also a strong interest in financing options: Of the respondents interested in electric cars, 66% of the German and 65% of the American study participants stated that they would purchase the vehicle via a financial product (financing, leasing or car subscription).
DOE plans ( DE-FOA-0001236 ) to issue in the February 2015 timeframe a funding opportunity (DE-FOA-0001237) to develop and to implement effective purchasing/procurement processes designed to coordinate and consolidate bulk alternative fuel vehicle and advanced vehicle orders and thus reduce the per-unit prices of commercially-available vehicles.
As part of the agreement the partners will offer aircraft leasing and financing solutions that enable operators to run zero-emission flights. Under the deal, MONTE will purchase up to 100 ZA600 powertrains to be installed on existing and new Cessna Caravan, DHC-6 Twin Otter, Dornier 228 and HAL-228 aircraft.
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.
According to the terms of the Cooperation Agreement, Guangzhou GET Investment agrees to provide RMB 4 billion (US$586 million) in financing to help fuel XPeng’s growth as well as support the construction of a new smart EV manufacturing base for XPeng in the Guangzhou Economic and Technological Development Zone.
million to help California consumers purchase plug-in hybrid and zero-emission cars and light trucks. This program provides vouchers of up to $55,000 to help California fleets purchase cleaner, advanced technology trucks and buses. Funding was approved for three specific programs.
12 and 18 meters), E-WAY has been designed to be operated in dedicated bus lanes. The purchase has been partially financed with contributions from the NRRP (National Recovery and Resilience Plan), the Complementary Funds and the NSPSM (National Strategic Plan for Sustainable Mobility). IVECO BUS, a brand of Iveco Group N.V.,
The California Air Resources Board (ARB or Board) is soliciting Grantee(s) to administer the Light-Duty Financing Assistance Pilot Project in Disadvantaged Communities. Funding of up to $1.5 million for this project is provided by Low Carbon Transportation Investments, which is funded from the Greenhouse Gas Reduction Fund.
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.
AlphaStruxure will design, build, finance, own and operate the project to enable Ride On’s growing electric bus fleet. The project is designed to deliver benefits and outcomes including: Bus Electrification: Enabling the County’s transition from fossil fuel buses to electric buses with a customized energy and infrastructure solution.
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”.
has announced pricing and production plans for the Empulse and Empulse R electric motorcycles and previewed the new design. The Empulse and Empulse R will cost $16,995 and $18,995, respectively, with financing available from Sheffield Financial. financing for 60 month at $334 and 3.9% financing for 60 month at $334 and 3.9%
Tesla has started promoting a 1.99% APR financing offer for the Model 3 and Model Y in the United States. The incentive seems designed to encourage potential buyers to take delivery of a new Tesla by the end of the third quarter of 2024. The offer is not available on the base Model 3 RWD, which is financed with a 5.99% APR.
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.
Octillion Power Systems, a global provider of advanced lithium-ion storage systems for electric mobility ( earlier post ), announced a new demonstrator program for battery-leasing that allows batteries to be leased to fleet customers when they purchase vehicles. Access to the program will be on a first-come, first-served basis.
In addition, effective immediately, Solvay will provide Avalon with technical support for the further design optimization, engineering and commissioning of Avalon’s hydrometallurgical processing plant. The Tolling Agreement also provides Solvay with the opportunity to purchase selected REO from Avalon.
whereby Vitol would purchase 100% of the gasoline produced from MBFP’s industrial gasification and liquefaction facility located near. to purchase the CO 2 for use in their EOR operations. engineering and design (FEED) work and are finalizing the overall construction and procurement plan for the. Medicine Bow, Wyoming.
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
Tesla brought its Roadster sports car to market with a 30% gross margin, designed electric powertrains for Daimler (Mercedes) and had done preliminary design of the Model S all before receiving a government loan. For the first seven years since its founding in 2003, Tesla was funded entirely with private funds, led by Elon Musk.
PACCAR is collaborating with Faith Technologies and Schneider Electric to provide a charging infrastructure package solution for customers that purchase battery electric Kenworth and Peterbilt heavy- and medium-duty trucks in the United States and Canada. PACCAR electric charger with Kenworth K270E and Peterbilt Model 220EV trucks.
From CarsDirect : Just as before, Stellantis Financing continues to offer a special financing rate of 1.9% percent] APR financing for 72 months could make the 2025 Dodge Charger Daytona EV a more appealing option to purchase than before. APR for 72 months, but the offers cant be combined.
Through the project, the private partner will design, build, finance, operate and maintain CNG filling stations at up to 37 transit facilities. In addition, PennDOT will enter into a CNG supply contract with the selected partner as well as purchase agreements with each of the transit agencies.
has entered an off-take agreement with Tenaska BioFuels, LLC (TBF) for the purchase and sale of all ethanol produced at BlueFire’s planned cellulosic ethanol facility in Fulton, Miss. Also, it will move BlueFire closer to a debt financing agreement with the Department of Energy and US Department of Agriculture. The Fulton, Miss.
On Monday, Tesla began offering zero-interest loans with one- to three-year terms on purchases of the new Model Y, available between April 1 and 30 on the company’s order configurator. percent (from 1.84 percent (from 0.92
Elon Musk’s efforts to secure new financing that will limit his cash contribution for his planned acquisition of social media platform Twitter has reportedly been put on hold. During an appearance at the All-In Summit , Musk compared his concerns about Twitter’s bots with those faced by buyers who are looking to purchase a house.
Other than that commitment, however, Kior said it has no other near-term sources of financing. in two weeks—it will not have adequate liquidity to fund operations and meet obligations (including debt payment obligations), and would not expect other sources of financing to be available. Throughput. million.
The company is building on nearly two decades of battery expertise by centralizing a cross-functional team of 150 experts in battery technology development, research, manufacturing, planning, purchasing, quality and finance to help Ford develop and manufacture battery cells and batteries more quickly. This 200,000 sq.-ft.
It also includes working with automakers and dealers to identify, evaluate, and implement creative financing approaches and other effective strategies to reduce vehicle purchase price and increase ZEV sales. Encourage private fleets to purchase, lease, or rent ZEVs. Evaluation of network designs for optimal PEV charging.
The current investment is designed to accelerate California’s transition to clean cars, trucks, and off-road equipment, including adding 1,150 drayage trucks, 1,000 school buses and 1,000 transit buses—all zero tailpipe emission. This funding for fiscal year 2021-2022 marks the first installment in the three-year $3.9-billion
Proterra Inc has been selected by the Washington State Department of Enterprise Services as a vendor to supply zero-emission battery-electric transit buses and charging infrastructure under the state’s regional Cooperative Purchasing Contract.
The money, awarded through the SmartWay Clean Diesel Finance Program, will guarantee loans used to buy retrofitted used tractor-trailers at Rush Truck Centers throughout the South. The Clean Trucks Make Cents program will finance up to 100% of the purchase or lease of a pre-2007 tractor-trailer.
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. —Vic Shao, CEO of AMPLY Power.
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.
The First Things You Must Do After Purchasing a New EV The Essential Steps To Take with a New Car This article may contain affiliate links. Purchasing one can be both an exhilarating and daunting experience, but it’s also full of important tasks that need to be done before they slip through the cracks. Congratulations!
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.
Each of the four recipients will match a percentage of the grant amount with their own funds to purchase compressed natural gas-powered vehicles; retrofit diesel engines with cleaner technology; replace older, more polluting diesel buses with cleaner diesel buses; or purchase hybrid electric-powered buses.
BC Transit in British Columbia, Canada has approved a $20-million contract to purchase ten 40-foot Proterra ZX5 electric transit buses and one Proterra Energy megawatt-scale EV fleet charger as part of the agency’s transition to a fully electric bus fleet.
Since March 2009, businesses are also eligible for a subsidy from the city when purchasing an EV. The extra charging points will be financed by the Air Quality Fund, with a substantial contribution from the government. In addition, EV buyers benefit from national incentives, including zero registration tax and zero road tax.
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