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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. Some RNG may be used by Gevo as process energy in its Net-Zero 1 Project or Gevo’s other future Net-Zero projects. Gevo received approximately $9.3
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.
Broader collaboration among key stakeholders and a new generation of finance solutions will be needed to electrify trucks and buses at scale by 2050, according to a report released today by Environmental Defense Fund (EDF), MJ Bradley and Vivid Economics. —“Financing the Transition”. —“Financing the Transition”.
recently completed a $50-million Series C financing round funded by Moore Strategic Ventures, LLC, the private investment vehicle of Louis M. Cowen acted as the company’s sole advisor and placement agent on the financing. Fisker Inc. Fisker also named Burkhard Huhnke as chief technology officer (CTO) of Fisker Inc.
Faraday Future, a California-based electric vehicle startup, announced a series of definitive agreements for financing, as well as an important modification to a major provision in the terms of the warrants in the original FF secured financing agreements.
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.
The BMW Group and Great Wall Motor have launched a new joint venture—Spotlight Automotive Limited—and are building a joint plant in China, where the BMW Group will produce future fully-electric models of its MINI brand. Jiangsu is also one of the leading provinces for finance, education and technology.
This also expresses our confidence for the future business development. Those companies capable of developing and combining hardware and software in equal measure will shape the future of the automobile. —Nicolas Peter, Member of the Board of Management of BMW AG, Finance.
IG Metall, Germany’s largest union as well as Europe’s largest industrial union, warns that at Hüttenwerke Krupp Mannesmann (HKM), the switch to climate-neutral steel production is may fail due to the lack of financing. This would be the end of the plant, IG Metall said. With a current production volume of 4.2
Northvolt’s mission is to enable the future of energy by developing battery products across multiple industries. The partnership with Mälarenergi represents our first commercial deployment, showcasing how batteries can be a part of the solution of the future grid. —Emad Zand, President Energy Solutions, Northvolt.
Domino’s launched pizza delivery in 1960 with a Volkswagen Beetle, rolled out the DXP —a custom-built pizza delivery vehicle—in 2015, tested autonomous pizza delivery with cars and robots, and is now leading the charge in the future of pizza delivery.
Alstom is supplying the iLint hydrogen trains ( earlier post ) for the Taunusbahn, Infraserv Höchst will operate the future hydrogen filling station and the State of Hesse and RMV are setting the course for the future and financing them. Knut Ringat and State Secretary Jens Deutschendorf.
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.
—“State of Finance for Nature”. The report urges governments, financial institutions and businesses to overcome this investment gap by placing nature at the heart of economic decision-making in the future. The report calls for coupling investments in restoration action with financing conservation measures.
Lucid Group ( NASDAQ: LCID ) has announced that it has selected Bank of America as its preferred lending partner, giving customers the opportunity to apply for financing services for a seamless and stress-free experience. This financing solution was developed for Lucid to make it easier for customers to finance electric vehicles.
EnergyX) has secured commitments of $20 million in financing. EnergyX and Orocobre plan to deploy their pilots in the near future. Direct lithium extraction (DLE) technology company Energy Exploration Technologies Inc. On 19 April, Orocobre announced a $4-billion merger with Galaxy Resources to create a lithium major. Earlier post.)
The financing was led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor Company and funds and accounts advised by T. In April 2019, Rivian announced that Ford Motor Company invested $500 million and that the companies would collaborate on a future program. The financing was led by funds and accounts advised by T.
AMPLY expects savings to increase as Tri Delta Transit expands its electric bus fleet in the future. Such savings and LCFS credits can be reinvested into operations to accelerate a transit authority’s ability to adopt a zero-emissions future.
It aims to empower end-users to make informed choices about the products they buy, enabling them to contribute to a sustainable future, and to differentiate between end products based on their environmental, social and governance credentials. In 2016, Rio Tinto launched RenewAl, the world’s first certified low-CO 2 primary aluminum brand.
Gevo announced a new fuel sales agreement with American Airlines for the sale of 100 million gallons per year of sustainable aviation fuel (SAF) for five years from Gevo’s future commercial operations. Gevo’s delivery of SAF under this agreement is expected to begin in 2026. Gevo estimates that the agreement should generate approximately $2.75
The CO 2 released during the hydrogen production is captured and can be stored or possibly used as a raw material by industry in the future. FUREC receives funding from the EU Innovation Fund, which is 100% financed by the EU Emissions Trading System (ETS).
The A$300 million (US$193 million) Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (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.
to finance the development and production of low-carbon fuels and energy transition metals. gross overriding royalty on any future revenue derived from TMC’s NORI area in the Clarion Clipperton Zone of the Pacific Ocean. TMC and LCR have agreed to a purchase and sale agreementwhereby LCR has acquired a 2.0%
According to the Fiscal Impact Statement prepared by the Finance Division of the City Council, there are approximately 10,700 school buses City-wide, of which the City manages approximately 960 in partnership with the NYC School Bus Umbrella Corporation (NYCSBUS).
Mitsubishi Corporation’s investment in WiTricity reflects an innovative vision for the future of smart cities. With support from Mitsubishi Corporation’s Urban Development Group, the corporation sees a key role for wireless charging and autonomy in the future of smart cities around the world.
LiveWire will expand its own product portfolio while focusing on the rapidly developing future of EV, ensuring that future technology is applicable to Harley-Davidson’s core segments. LiveWire will be the first public EV motorcycle company in the US with its products designed and developed in America.
No one would criticize you if you thought Faraday Future was long dead. And it turned out that, after various hype cycles, the company’s finances were revealed to be none. continued] The post Faraday Future Is Still Alive, & Showing Off More Affordable Electric Car At CES 2025 appeared first on CleanTechnica.
In an exclusive interview, Rawlinson talks Lucid's future plans, says why the Gravity SUV is so efficient and explains why it doesn't have a steering yoke.
Financing is provided by the future fund of the “Concerted Action Mobility” and is intended to promote the transformation of the automotive industry—in particular the supplier industry. The alliance with the Fraunhofer-Gesellschaft is a new dimension for advancing fuel cell production.
As part of a more focused corporate structure, both Mercedes-Benz and Daimler Truck will also be supported by dedicated captive financial and mobility service entities, driving sales with tailor-made financing, leasing and mobility solutions, increasing retention and building customer loyalty.
It also has a connection to the existing natural gas network, which in the future could also be used for the transport of hydrogen. This kind of sector coupling enables new business models and a sustainable circular economy, which is to be completely powered by renewable energy sources in the future.
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.
By creating a common framework that guides banks in growing their business and reducing risks through supporting the economic and social transformation required for a sustainable future, the Principles pave the way for the transformation to a sustainable banking industry, the parties said.
This planning round bears a clear signature: We are taking a very systematic approach to electric mobility and will be much more focused in future. We are consistently prioritizing our resources for future-oriented products and services that are highly attractive and relevant to the market.
Funds from the strategic financing will be used to further accelerate the company’s product development activities, project deployments, and growth plans as the Company expands its technical leadership in medium and heavy-duty hydrogen fuel cell bus and trucking applications.
The guiding principle is to be the development of sustainable, connected, safe and tailored mobility solutions for future generations. Strong brands and the automobile will continue to play a central role in individual mobility in the future. SSP: The next generation of mechatronics platform. — Markus Duesmann, CEO of Audi.
This will include medium-term bills, short-term financing bonds and ultra-short-term financing bonds. The first phase of the project will have an annual output of 30,000 tons of lithium carbonate and lithium salt, with a corresponding investment of about 900 million yuan (US$133 million).
The partnership with AVL has already resulted in bringing to production the TECO Future Funnel, a complete exhaust gas cleaning system. Financing alternatives are being evaluated. TECO 2030 plans to deliver a marine hydrogen solution that is more efficient, compact and durable than fuel cells based on modified automotive stacks.
The company estimates that the Electra Afikim agreement has potential for future expansion, including a significant chance of replication with other operators from Israel and abroad. The previous, with Dan bus company in October 2021, included the sale of wireless charging services for 200 buses. —Oren Ezer, CEO of Electreon.
Public transport, cycling and walking: Making cycling and walking more attractive ways to travel and investing in zero-emission public transport of the future. Innovation and finance: Developing the technologies needed to reach these new energy ambitions and make the City of London the global center of green finance.
E-Transit is the all-electric version of the world’s best-selling cargo van and the new vehicle spearheads the launch of Ford Pro in the region; this new business offers customers a comprehensive suite of software, charging, servicing and financing solutions fully integrated into a portfolio of gas and electric vehicles. Earlier post.)
Venture-backed startup Joby Aviation has secured $100 million in Series B financing to take its all-electric vertical take-off and landing (eVTOL) passenger aircraft into pre-production and certification. We envision a future where commuting by eVTOL is a safer, faster, and cost-competitive alternative to ground transportation.
The work will form the scientific foundation of TMC’s future Adaptive Management System (AMS), a predictive system that will use environmental and operational data to enable the company to mitigate operational impacts in the deep-sea environment as much as possible. —Gerard Barron, Chairman and CEO of The Metals Company.
As the first batch of pilot projects of CNPC in the new energy field, the hydrogen stations in operation lay a foundation for the company’s future extensive deployment of hydrogen stations and the construction of hybrid stations of oil, gas, electricity, and hydrogen. CNPC) is an integrated international energy company.
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