This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
has closed a $68,155,000 “Green Bond” private activity bonds offering to finance the construction of its renewable natural gas (RNG) project in Northwest Iowa. million in reimbursement for development, long lead equipment, and financing costs incurred during the development period upon closing of the Green Bond Offering.
Since 2017, Proton Motor Fuel Cell GmbH has been working with Aumann AG as part of the larger EU program “ Fit-4-AMandA ” (Fit for Automatic Manufacturing and Assembly) on hydrogen fuel cell stack production with financing from the agency FCH JU (Fuel Cells and Hydrogen Joint Undertaking). Fit-4-AMandA “stack robot”.
ClearFlame Engine Technologies , a startup developing net-zero engine technology ( earlier post ), has secured $17 million in Series A financing, which will enable commercialization of the company’s innovative engine technology for the long-haul trucking, agriculture and power generation sectors.
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.
Brightmark Energy , a San Francisco-based waste and energy development company, closed a $260-million financing package for the construction of the US’ first commercial-scale plastics-to-fuel plant, which will be located in Ashley, Indiana.
TECO 2030 ( earlier post ) is aiming to establish Norway’s first large-scale production of fuel cells, optimized to be the heart of hydrogen-powered ships and other heavy-duty installations. This will be the first volume production of fuel cells in Norway and a hub for the Norwegian hydrogen industry. gigawatt, per year.
In June, Renault Group and Plug Power launched their hydrogen fuel cell and infrastructure joint venture HYVIA. Assembly of fuel cells and hydrogen refueling stations begins at Renault’s Flins factory in late 2021. A range of financing options and maintenance services will also be offered. Earlier post.)
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. In September 2019, Hyundai and Cummins Inc.
The new bus model in the Augsburg-based company’s bus portfolio will be launched as an all-electric version (CIZARIS 12 EV), followed in 2023 by a fuel cell drive (CIZARIS 12 H) that uses a largely identical powertrain. With the introduction of the fuel cell version, an even more powerful powertrain will be used.
This funding will enable Universal Hydrogen to conduct the first test flight of its hydrogen fuel cell powertrain on a 40+ passenger regional airliner in 2022 at Moses Lake, Washington.
The financing was co-led by The Engine and by The GOOSE Society of Texas. Syzygy is advancing a new photocatalytic chemical reactor that could significantly reduce the cost and carbon emissions in the production process for a wide range of major chemicals such as fuel, fertilizer, and plastic. million in Series A funding.
Germany’s Federal Ministry of Transport and Digital Infrastructure (BMVI) is awarding €80 million to the Fraunhofer-Gesellschaft’s National Action Plan for Fuel Cell Production. The alliance with the Fraunhofer-Gesellschaft is a new dimension for advancing fuel cell production. —Prof.
million in additional financing from several investors, including the Iowa, Minnesota, Kansas and Illinois Corn Growers Associations. Historically, clean-burning fuels, and those that are easy to make from waste CO 2 streams or syngas, have failed to ignite using MCCI. In fact, it increases power by 25%.
million Series A financing round led by prominent Silicon Valley venture fund, Playground Global, with the investor syndicate comprising Fortescue Future Industries, Coatue, Global Founders Capital, Plug Power, Airbus Ventures, JetBlue Technology Ventures, Toyota AI Ventures, Sojitz Corporation, and Future Shape.
Hyundai Motor Company is spearheading the development of a hydrogen fuel cell commercial vehicle ecosystem in China with regional partners. In addition, it plans to promote a pilot operation business of fuel cell electric vehicles. Hyundai Motor signed an MOU with Shanghai Electric Power Co., Shanghai Sunwise New Energy System Co.,
For 2021, Toyota has fully rebooted the Mirai, originally offered in 2016, as a premium rear-wheel drive sports-luxury fuel cell electric vehicle (FCEV) with striking design, cutting-edge technology, more engaging driving performance and a significantly longer EPA-estimated range rating.
Empa, together with FPT Motorenforschung AG Arbon, Politechnico di Milano, lubricant manufacturer Motorex and other partners, is exporing the use of DME as a fuel for heavy-duty engines. The research project is co-financed by the Swiss Federal Office of Energy (FOEN). —Patrik Soltic.
The new, longer-range Lightning Electric Transit Van is the fourth generation of its battery-electric and fuel cell electric platform, based on the Ford Transit 350HD chassis. Lightning eMotors Credit and Ford Motor Credit financing is available along with electric vehicle vouchers and incentives, which are accessible in many states.
Many new vehicles that leave the Audi plants in Germany are delivered with R33 fuel—a blend comprising one-third renewable components. The renewable portion of the gasoline consists of 10% fuel oxygenates—e.g., R33 Blue Diesel consists of 26% renewable paraffinic fuel—i.e.,
Loop Energy, a provider of fuel-cell-electric range-extenders for medium- and heavy-duty transport applications, has received an additional cash investment from Cummins Inc. Loop Energy fuel-cell range extenders comein 30 kW and 50 kW versions. Earlier post.). Earlier post.).
Volta, a builder of commerce-centric electric vehicle (EV) charging networks, announced an oversubscribed Series D financing of $125 million. Goldman Sachs acted as exclusive placement agent to the company in connection with the financing.
This order consists of 30 fuel cell buses for Cologne and 10 for Wuppertal, making it the largest order for hydrogen-powered vehicles yet placed in Europe. The 40 hydrogen buses for Cologne (30) and Wuppertal (10) are hybrid vehicles (fuel cell and batteries) of the Van Hool A330 type with dual axles and a length of 12 meters.
Hyundai Motor Company will deploy the company’s latest hydrogen fuel cell electric heavy-duty trucks in California in two publicly funded projects to improve the air quality in the region. 30 XCIENT Fuel Cell trucks in northern California by early 2023. 30 XCIENT Fuel Cell trucks in northern California by early 2023.
Representatives from the State of Hesse, RMV (Rhein-Main-Verkehrsverbund), Alstom and Infraserv broke ground for a hydrogen filling station on the site of the Höchst industrial park in Frankfurt that will supply a fleet of 27 passenger fuel cell trains—currently, the world’s largest such.
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.
liter engine and offers low fuel consumption and a powerful, seamless driving experience. Establishing a basic agreement for a business alliance in 2015, Toyota and Mazda have since been collaborating in various fields, including advanced technologies, a joint venture plant, and sales finance.
Iveco Group is licensed to access freely and continue developing vehicle control software for the jointly developed battery-electric (BEV) and fuel-cell-electric (FCEV) trucks. Iveco Group N.V.
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 recently announced a $2-billion bid process to airlines and fuel blenders for the Carbon Zero 1 plant and is finalizing offtake agreements.
The study considers five different powertrains (internal combustion engine, hybrid-electric, plug-in hybrid-electric, fuel-cell-electric, and battery-electric) and 12 cost components (purchase cost, depreciation, financing, fuel, insurance, maintenance, repair, taxes, registration fees, tolls and parking, payload capacity and labor).
Artist rendering of Global Energy Ventures’ fuel cell-powered C-H 2 Ship, to be powered by a Ballard system as it transports compressed green hydrogen. GEV will be responsible for design approvals, development, financing, and operation of C-H 2 Ship, along with integration of the required power system. Earlier post.).
TECO 2030 ASA plans to establish Norway’s first large-scale production of hydrogen-based fuel cells in Narvik in Northern Norway. The plant will be able to produce fuel cells with a capacity of more than one gigawatt per year, equivalent to several billion NOK of annual turnover. Earlier post.).
In countries that choose to continue or increase their use of nuclear power, it can reduce reliance on imported fossil fuels, cut carbon dioxide emissions and enable electricity systems to integrate higher shares of solar and wind power. However, a new era for nuclear power is by no means guaranteed.
million) grant from the Fuel Cells and Hydrogen Joint Undertaking (FCH JU), the JIVE 2 project will deploy 152 fuel cell electric buses across 14 European cities throughout France, Germany, Iceland, Norway, Sweden, the Netherlands and the UK. Coordinated by Element Energy , and supported by a €25-million (US$31.2-million) Earlier post.)
However, Germany is now financing 80% of the higher purchase cost of e-buses. T&E said the EU’s €750-billion COVID recovery fund is a clear way to finance e-bus deployment.
billion in financing to replace Puerto Ricos fossil fuel plants with solar and battery storage through 2032. The US Department of Energy (DOE) today announced $1.2
The shift to electric mobility is in line with ongoing efforts to reduce the world’s dependence on fossil fuels, and reduce harmful greenhouse gas emissions responsible for climate change. In the DRC, this would mean building processing plants and refineries that would add value and, potentially, jobs within the country.
Under the Clean School Bus Program, half of the available funding is dedicated for zero-emission school buses and half is for clean school buses, the latter being a school bus that reduces emissions and is operated entirely or in part using an alternative fuel or is a zero-emission bus. Non-profit school transportation associations.
The 2020 edition of Global Landscape of Renewable Energy Finance highlights however, that while a cumulative US$1.8 Global landscape of renewable energy finance in 2017-2018. From Global Landscape of Renewable Energy Finance. Renewable energy investment slightly declined in 2018, with modest growth through 2019.
TME is already supplying the Toyota fuel cell technology to CaetanoBus and integrating it into their first hydrogen bus with a range of 400 km (249 miles). TMB is supported by the European JIVE 2 program, for the promotion of fuel cell vehicles, co-financed by the European Union. The ordered H2.City
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.
Government leaders, ministers, international finance, business partners and civil society from across Africa attended the unveiling event. The report was formally handed over to partners on 20 December. The research is enhanced by CVA’s strategic partnership with energy partners across Africa, Europe and around the world.
The project will be financed through a combination of public funds, green project financing instruments and own funds. Together with Iberdrola, we are creating a broader European platform for the green hydrogen economy. —Kajsa Ryttberg-Wallgren, EVP Head of Business Unit Hydrogen at H2 Green Steel.
There has been a lot of past research on the cost of vehicles and the cost of fuel, but these other operating costs haven’t been studied in quite the same detail before. There were gaps in the data, especially with respect to alternative fuel powertrains—electric vehicles, fuel cell vehicles.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content