Green Car Congress

JUNE 20, 2023

Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Energy storage might form a relatively small piece of the overall financing required, but it is a strategically critical piece of the puzzle.

Industrial 243

Industrial Industry Global Lithium Ion 243

Green Car Congress

OCTOBER 27, 2020

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.

Hydrogen 418

Hydrogen Austria 2006 Financing 418

Green Car Congress

APRIL 22, 2021

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.

Hydrogen 397

Hydrogen Universal Commercial Building 397

Green Car Congress

NOVEMBER 25, 2019

Group14 Technologies announced $18 million in new financing from Amperex Technologies Limited (ATL), Showa Denko (SDK), Cabot Corporation, BASF Venture Capital, and OVP Venture Partners. When the automotive industry is fully electrified, there will be a nearly trillion-dollar battery industry, 25 times bigger than today.

Financing 243

Financing Carbon Li-ion Lithium Ion 243

Green Car Congress

JANUARY 21, 2023

The feedstock pellets from the pre-treatment plant will then be converted into hydrogen in a second RWE plant which the company is to build at the Chemelot industrial park in Limburg. 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.

Waste 448

Waste Hydrogen Grant Netherlands 448

Green Car Congress

FEBRUARY 18, 2021

This will be the first volume production of fuel cells in Norway and a hub for the Norwegian hydrogen industry. We combine a best-in-class fuel cell solution with a long history of being a trusted engineering partner to leading companies in the global maritime industry. Financing alternatives are being evaluated.

Norway 468

Norway Hydrogen Fuel Building 468

Green Car Congress

MAY 3, 2021

EnergyX) has secured commitments of $20 million in financing. EnergyX, along with its new partners and strategic investors including Obsidian Acquisition Partners, Helios Capital, and the University of Texas, hope to build a strong platform that binds together industry, academia, and natural resource management.

Companies 448

Companies Lithium Ion Energy Storage Cleaner 448

Green Car Congress

FEBRUARY 23, 2022

Cummins has entered into a definitive agreement to acquire Meritor, a global leader of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. Meritor is an industry leader in axle and brake technology. Under the terms of the agreement, Cummins will pay $36.50

Climate Change 429

Climate Change Commercial Financing Global 429

Green Car Congress

FEBRUARY 7, 2023

MagREEsource, a 2020 spin-off of the CNRS-Institut Néel that is commercializing processes for recycling rare-earth magnets and then remanufacturing new magnets from the recycled powders, has secured €5 million in financing and has opened its first pilot facility in Grenoble, with a capacity of 50 tons by 2023.

Financing 243

Financing Hydrogen Manufacturer Wind 243

Green Car Congress

OCTOBER 25, 2022

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.

Vietnam 195

Vietnam Financing Climate Fleet 195

Green Car Congress

JUNE 14, 2021

Among other things, we will promote the production of hydrogen on an industrial scale in Australia with German-Australian ‘Hydrogen Hubs’ using German technology and explore possibilities for cooperation within the framework of our new international funding instrument ‘H2-Global’. Co-financing of an AUS-DEU H 2 incubator for applied research.

Australia 334

Australia Germany Hydrogen Green 334

Green Car Congress

MAY 18, 2020

Groupe Renault also consider blockchain as a vector for the transformation of the automotive industry. First appearing in finance, while respecting the ownership of the data items, it allowed real-time networked transactions that are secure since there is no risk of falsification.

Financing 476

Financing Maintenance Manufacturer 2015 476

Green Car Congress

FEBRUARY 4, 2021

Daimler Truck supplies industry leading transportation solutions and services to customers. Both companies operate in industries that are facing major technological and structural changes. Mercedes-Benz is the world’s most valuable luxury car brand, offering the most desirable cars to discerning customers.

Companies 497

Companies Mercedes Cars North America 497

Green Car Congress

JUNE 15, 2023

OXCCU, a company spun-out from the University of Oxford in 2021 that is focused on converting carbon dioxide and hydrogen into industrial and consumer products ( earlier post ), completed an £18-million (US$22.8 million) Series A financing round.

Carbon 418

Carbon Fuel Financing Hydrogen 418

Green Car Congress

APRIL 1, 2020

Faced with the compelling need for more respirators, the French government asked a group of French industrial companies led by Air Liquide to study the possibility of increasing the production of respirators so as to provide 10,000 respirators in 50 days, between the beginning of April and mid-May.

France 411

France Purchase Supplies Electric 411

Green Car Congress

MAY 5, 2023

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. —John Boden of SPE

Oil 170

Oil Grant Gas Industrial 170

Green Car Congress

JULY 8, 2020

The committee calls for an “Ocean Fund” for the period from 2023 to 2030, financed by revenues from auctioning allowances under the ETS, to make ships more energy-efficient and to support investment in innovative technologies and infrastructure, such as alternative fuel and green ports, to decarbonize the maritime transport sector.

Environment 247

Environment CO2 Climate Industrial 247

Green Car Congress

NOVEMBER 28, 2021

This financing round will enable the production of Divi-H at an industrial scale, under the first two mass manufacturing lines. These will allow the company to ship its first industrial-scale pilots with select partners and to continue the development of the next product, a CO 2 -purifying membrane. Source: DiviGas.

Commercial 418

Commercial Hydrogen New York Polymer 418

Green Car Congress

MAY 4, 2020

The A$300 million (US$193 million) Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC). Hydrogen has the potential to make a substantial contribution to our clean energy transition, reducing emissions across the economy while underpinning the development of an important domestic and export industry.

Hydrogen 286

Hydrogen Financing Australia Renewable 286

Green Car Congress

DECEMBER 1, 2019

Northvolt’s mission is to enable the future of energy by developing battery products across multiple industries. The Rocklunda project is supported by financing from the Swedish Energy Agency (Energimyndigheten). —Emad Zand, President Energy Solutions, Northvolt.

Energy Storage 390

Energy Storage Energy Charging Batteries 390

Green Car Congress

FEBRUARY 4, 2021

START is a significant step forward for the aluminum industry as the first offering of this kind, setting a new standard on transparency, traceability and responsible production from mine to market. Across its aluminum operations, Rio Tinto’s greenhouse gas emissions intensity is 60% lower than the industry average.

Purchase 365

Purchase Financing 2018 2016 365

Green Car Congress

NOVEMBER 18, 2020

UK Prime Minister Boris Johnson confirmed that the government will accelerate the ban on the sale of new gasoline and diesel vehicles, bringing it forward by ten years to 2030, as part of a “Green Industrial Revolution.” Johnson announced the plan as part of his outline of a 10-point plan supporting the Green Industrial Revolution.

Gasoline 304

Gasoline Diesel Sale Hybrid 304

Green Car Congress

JULY 30, 2021

million in new financing. Tesla and will address a wide range of applications from audio speakers, magnetic sensors and consumer appliances to industrial motors and automotive accessory motors. Niron Magnetics , a company developing high-performance rare-earth-free iron-nitride (FeN) permanent magnets, has raised $21.3

Minnesota 482

Minnesota Commercial Cleaning Clean 482

Green Car Congress

JANUARY 29, 2021

The Electrification Coalition has introduced its EV Policy Showroom, offering policymakers, EV advocates, industry partners and other stakeholders online access to easily navigable data and policy information on the deployment and adoption of electric vehicles and charging infrastructure.

Financing 448

Financing Legal Fleet Insight 448

Green Car Congress

DECEMBER 12, 2022

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

Financing 221

Financing Climate Conversion Production 221

Green Car Congress

JULY 1, 2023

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.

Europe 395

Europe North America Financing America 395

Green Car Congress

JANUARY 21, 2022

Founder and CEO Scott Colosimo was inspired to delve into the EV industry after his success as the founder of Cleveland CycleWerks, a motorcycle design and manufacturing company. The District is on sale now, starting at $7020 after a 10% EV tax credit, with financing available. —Scott Colosimo.

Motorcycles 435

Motorcycles Cleveland Production Tax Credit 435

Green Car Congress

SEPTEMBER 19, 2021

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. Hydrogen technologies play a key role in transforming industry towards sustainable value creation.

Fuel 322

Fuel Production Hydrogen Germany 322

Green Car Congress

JULY 9, 2023

POSCO Holdings recently began construction at the Yulchon 1 st Industrial Complex in Jeollanam-do (South Jeolla Province, S. POSCO Pilbara Lithium Solution, a wholly-owned subsidiary of POSCO Holdings, will be responsible for the financing, construction, and operation of the plant. Earlier post.)

Argentina 369

Argentina South Korea South America Financing 369

Green Car Congress

JANUARY 20, 2021

In the strategic partnership, PACCAR provides autonomous-enabled vehicles as well as aftermarket parts distribution, finance and other transportation solutions. Aurora provides industry-leading self-driving technology, including hardware, software and operational services. Autonomous Peterbilt 579 Test Vehicle with Aurora Driver.

Peterbilt 397

Peterbilt Kenworth Commercial North America 397

Green Car Congress

MARCH 7, 2022

Inceptio Technology, an autonomous driving truck technology and operation company ( earlier post ), closed a US$188-million Series B+ equity financing. This round of financing was jointly led by Sequoia Capital China and Legend Capital. It is believed that Inceptio Technology will become a pioneer with great influence in the industry.

Companies 259

Companies Financing China Supplies 259

Green Car Congress

FEBRUARY 6, 2019

XL also has added two new members to its executive team, with deep experience in the commercial fleet industry, and with leadership backgrounds across finance, sales, business development and operational excellence. Most recently, Anna served as COO of Xamax Industries, a leading specialty materials provider.

Plug-in 291

Plug-in F-150 Plug Ford 291

Green Car Congress

NOVEMBER 13, 2021

interest, and will retain operational management responsibility; its partner Tsingshan is financing the plant construction in exchange for 49.9% For this project with high value creation potential, our partner Tsingshan will provide its industrial expertise and financing capabilities needed for the construction of the plant.

Argentina 335

Argentina Building Chinese Financing 335

Green Car Congress

JULY 18, 2021

The financing round will enable the company to scale from the batch processing of materials to commercial roll-to-roll production. Having a scalable, cost-competitive alternative to leather with premium qualities is key to further advancing the decarbonization of the automotive industry.

BMW 435

BMW Polymer Illinois Carbon 435

Green Car Congress

FEBRUARY 7, 2018

Ionic Materials has secured $65 million in a Series C financing round from a leading group of financial and strategic investors. It’s no surprise that so many of the leading companies in the battery industry and their key customers are working to incorporate the Ionic Materials polymer in their next-generation products.

Polymer 327

Polymer Batteries Battery Aspen 327

Green Car Congress

JULY 4, 2023

Demand is expected to initially build on the decarbonization of existing industrial uses of hydrogen (95 MtH 2 eq), most notably for fertilizer production. The net-zero transition then underpins rapid demand growth, cementing hydrogen’s role as a versatile solution for decarbonization.

Clean 429

Clean Cleaning Hydrogen Market 429

Green Car Congress

JANUARY 11, 2019

million Series A round of financing, led by Cottonwood Technology Fund (CTF). million in funding, and plans to leverage the new financing to launch an HVAC-specific, fully-integrated motor. To date, Infinitum has received a total of $2.7 The company will showcase its HVAC technology at the AHR EXPO in Atlanta next week.

Motor 262

Motor Motoring Motors Market 262