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RWE's FUREC project, which aims to produce circular and green hydrogen from non-recyclable municipal solid waste in Limburg, the Netherlands, received a €108-million grant from the EU’s Innovation Fund. FUREC receives funding from the EU Innovation Fund, which is 100% financed by the EU Emissions Trading System (ETS).
The Licence grants exclusive rights to mine graphite from within the M1 mining area. The Government of Sri Lanka granted the company’s wholly owned subsidiary Sarcon Development (Pvt) Ltd. Vancouver-based Ceylon Graphite Corp.
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.
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”.
In addition, the Company is evaluating various options to raise cash in the capital markets. A123 Systems has been the recipient of a number of state and federal grants and tax incentives. State of Michigan Center of Energy and Excellence Grant. million Center of Energy and Excellence grant. million and $0.8
The addition of InCharge Energy will strengthen ABB’s E-mobility Division in the North American market by broadening its customer base and expanding its fleet electrification software and digital services offering. InCharge Energy will maintain its leadership team and tech neutrality as it joins ABB’s E-Mobility Division.
While notable exceptions exist, the report says, the financing framework is often skewed towards supporting the motorization model: Domestic public finance is mainly used to build and maintain infrastructure to cater to increasing levels of motorized traffic.
Nuvve began using the microgrid’s 5 MWh lithium-ion battery, which historically focused on the management of campus energy peaks, to bid into wholesale energy markets in June 2020. Nuvve plans to expand its footprint in California energy markets by leveraging V2G technology deployed via electric school buses and light-duty vehicles.
million, in the form of non-repayable grants to be drawn over four years. Ceres expects to complete the application and grant award process by the end of calendar year 2014. The PAISS project is jointly managed by Brazil’s national development bank, BNDES, and by the government’s research financing agency, FINEP.
The Asian Development Bank (ADB) mobilized a $135-million climate financing package for VinFast Trading and Production Joint Stock Company (VinFast) for manufacturing Vietnam’s first fully-electric public transport bus fleet and first national electric vehicle (EV) charging network.
announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 interim approval to use $50 million of Debtor-in-Possession (DIP) financing, which is being provided by Wanxiang Group Corporation (Wanxiang). The financing supplements the pre-petition $22.5 Earlier post.).
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.
American Suzuki Motor Corporation (ASMC) has received court approval for Debtor-In-Possession (DIP) financing. The motion was previously granted Court approval, on an interim basis, on 7 November. These funds will help ensure that ASMC has the cash necessary to operate its business during the pendency of the chapter 11 case.
Fulcrum says its ability to produce drop-in fuels from MSW opens up an 80 billion gallon per year fuel market and expands its customer base for its national development program. million grant by the US Department of Defense (DoD) to begin engineering and development on a plant to produce jet fuel. Fulcrum BioEnergy, Inc.
Battery-eletcric bus manufacturer Proterra has completed a $55M strategic financing. In conjunction with the equity financing, Proterra completed a debt financing in an amount up to $25 million with Hercules Technology Growth Capital. The existing major investors in Proterra added $11 million of equity.
The aim of the project is to advance the international market ramp-up of green hydrogen and to use double-auction procedures for this purpose. This means that hydrogen or hydrogen derivatives are bought cheaply on the world market and sold at the highest bid in the EU.
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. Valero will market the ethanol produced at the Kinross facility. Mascoma, through its subsidiary Frontier, will hold a minority interest.
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. This can be blended into the gasoline pool for the renewable fuels market.
The A$300 million (US$193 million) Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC). The ARENA round is a $70-million grant program aiming to demonstrate the technical and commercial viability of hydrogen production at a large-scale using electrolysis.
million in new financing. The development process of Niron’s scalable method has resulted in the publication of 20 peer-reviewed scientific papers as well as 17 granted and 35 pending patents. Niron Magnetics , a company developing high-performance rare-earth-free iron-nitride (FeN) permanent magnets, has raised $21.3 2019.165962.
The financing was co-led by The Engine and by The GOOSE Society of Texas. Syzygy’s first go-to market is focused on a distributed hydrogen production system for small-scale hydrogen consumers. Syzygy Plasmonics , a technology company developing the world’s highest performance photocatalyst, raised $5.8 million in Series A funding.
Nikola is granted the IVECO S-Way technology license for North America and related component supply from Iveco Group, and gains joint ownership of the intellectual property of Generation 1 eAxles, technology developed together with Iveco Group’s powertrain brand, FPT Industrial.
The Agency will also launch a grant competition later this year. Awards up to 100% of the cost of the replacement bus and charging or fueling infrastructure are possible, and EPA may award funding for bus replacement and infrastructure through grants, rebates, or contracts. Non-profit school transportation associations.
The US patent and soon-to-be-granted EU patent gives the company protection for carbide-derived-carbons suitable for energy storage applications. In more mass-market applications where cost is an issue, the technology enables delivering the same performance as competitive devices, but at a lower price and smaller, more compact form-factor.
The grant will provide $10 million in the first year, which will fund the consortium members, in collaboration with more than 100 partner entities, to develop a roadmap to accelerate the growth and development of geothermal, leveraging expertise, technologies, and methods from the oil and gas industry.
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. Jacques Aschenbroich, Valeo CEO. billion (US$1.7
France-based Global Bioenergies announced that its German subsidiary, Global Bioenergies GmbH, secured a €400,000 (US$446,000) grant from the BMBF (the German federal ministry for research and education) to finance a 14-month-project aimed at producing renewable gasoline additives. million tons per year). million tons per year).
Financing a first of its kind plant, based on an innovative technology is always a challenge. Progress in engineering and forecasted prices for our products now higher than initially anticipated are fueling our optimism regarding the plant’s financing within the new schedule. Global Bioenergies will soon be receiving €2.6
Existing investors Breakthrough Energy Ventures, Ecosystem Integrity Fund, Summa Equity, Shell Ventures, and SYSTEMIQ also participated in the financing. million grant ($17-million) to deliver a breakthrough 19-seat hydrogen-electric powered aircraft that is market-ready by 2023. ZeroAvia announced its $21.4-million
The consultation is divided into 3 lots giving rise to a framework agreement (market) of two years and a maximum amount of €133 million each. The first order of approximately 150 vehicles, distributed over the three lots, will be processed as soon as possible.
Moreover, this project offers investors the possibility to directly invest in this growth market. Apart from attracting investors, the project partners will also apply for public funding granted within the scope of state aid for climate-neutral technologies. Arnd Köfler, Chief Technology Officer at thyssenkrupp Steel.
This grant was initially set to finance 70 buses, but Transport for London has managed, through good negotiation and increased market confidence in hybrid buses, to increase this order so that, in total, more than 400 of these less polluting vehicles will be in service by next year.
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.
Our flexible production lines are geared-up to build multi new generation Li-ion technologies to address energy storage markets but also a much broader range of applications including broadband backup power, transportation and defense. —Dan Miller, Jacksonville operations manager.
Governments and vehicle manufacturers will need to introduce long-term incentives and price cuts to create a sustainable European market for ultra-low emission vans (ULEV), according to a newly published report by Element Energy, commissioned by the UK Department for Transport. Fuel cell system cost projections over time and volume.
The proceeds from the $80 million bond will be used to partially finance the first two phases of construction of Range Fuels’ first commercial cellulosic biofuels plant using renewable and sustainable supplies of non-food biomass near Soperton, Georgia. helped facilitate the financing of this bond transaction. Range Fuels, Inc.
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
T&E used publicly available information to assess the 50 gigafactories announced in Europe based on their finance and permits, whether they had secured a location, and the companies’ links to the US. Without this expansion, Europe will not be able to satisfy its battery demand in 2030 and will need to import from foreign rivals.
announced that the Department of Energy has determined that the company has met the requirements necessary for Phase I of the application process for a loan guarantee and that the company has been invited to continue on to Phase II for the financing of their Fulton, MS Project. BlueFire Ethanol Fuels, Inc. BlueFire Ethanol Fuels, Inc.
The European Investment Bank and PSA Peugeot Citroën signed a €200-million (US$259-million) loan agreement to finance the carmaker’s program to develop plug-in hybrid vehicles. The loan was granted under the European Clean Transport Facility (ECTF) financing program, one of the EIB’s measures for stimulating the European economy.
582 million (US$773 million) in grants for those buying zero or ultra-low emission vehicles to make them cheaper to buy and incentivize more people to make the transition. 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.
Led by the South Coast Air Quality Management District (South Coast AQMD) and jointly financed by the California Air Resources Board (CARB) and the California Energy Commission (CEC), the JETSI project will help significantly advance market penetration of zero?emission emission heavy?duty
OXIS Energy, a leader in lithium-sulfur cell technology for high energy density battery systems, has already been granted 173 patents with 96 pending. OXIS intends to focus on the aviation, defense and the heavy electric vehicles markets, such as buses and trucks.
Macquarie’s Specialized and Asset Finance business, part of its Commodities and Global Markets division, will finance the trucks through a lease to the operator. Glovis America, a logistics service provider, will be the fleet operator of these trucks. 12-month pilot program with fleet partner to operate two XCIENT Fuel Cell.
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