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million in Series C financing. The company also announced the formation of a new Industry Advisory Board, and its selection as a semi-finalist in the Securing America’s Future Energy (SAFE) Energy Security Prize. Achates Power, Inc., Earlier post.). Earlier post.).
In response to critiques of the first version of its financing program introduced early in April ( earlier post ), Tesla Motors has raised the Model S resale value guarantee to be the highest of any premium sedan brand made in volume (excludes rare, low volume or limited edition vehicles). —Tesla Co-founder & CEO Elon Musk.
Koenigsegg Group AB has terminated the agreement for its proposed purchase of GM’s Saab. We’re obviously very disappointed with the decision to pull out of the Saab purchase. GM and Koenigsegg had signed a stock purchase agreement regarding the sale of 100% of the shares of Saab Automobile AB in August. Earlier post.)
China’s State Council has published a plan to develop the domestic energy-saving and new energy vehicle industry, which includes battery-electric vehicles, plug-in hybrid vehicles and fuel cell vehicles. 2012 Chinese Auto Industry Development Report. —Energy-saving and new energy vehicle plan. L/100km (40 mpg US) or less.
NFI Industries—a leading third-party supply chain solutions provider—is increasing its investment in electromobility solutions with its latest order of 60 Volvo VNR Electric trucks. Our experience with the Volvo LIGHTS project was a major factor in NFI’s decision to purchase VNR Electric trucks for our drayage operations.
START will help customers meet the demand from consumers for transparency on where and how the products they purchase are made. 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.
Global Bioenergies has received 13 letters of intent from French and international industrial leaders for purchases totaling 49,000 to 64,000 tons of isobutene and derivatives annually. The letters of intent come from the cosmetics, specialty fuels, road fuels and air transport industries.
The Park City region deployment not only marks the first battery-electric transit fleet for Utah and the nationwide mountain resort industry, it also represents the first implementation of Proterra’s battery-lease financing model—i.e., buy the bus, lease the battery.
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.
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. Screenshot from EV Policy Dashboard.
This SAF purchase agreement expands the list of committed airline partners and supports Gevo’s pursuit of its stated goal of producing and commercializing a billion gallons of SAF by 2030. The alliance followed up that commitment with an intermediate goal to achieve 10% SAF use across the member airlines by 2030.
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.
While the President’s Task Force on the Auto Industry continues to review restructuring plans submitted by General Motors and Chrysler, the US Department of the Treasury announced an Auto Supplier Support Program that will provide up to $5 billion in financing to US-based suppliers.
Americans are much less likely than consumers in other major industrialized countries to purchase an electric vehicle or hybrid, largely because of concerns over access to charging stations away from home, according to a survey by global consulting firm OC&C Strategy Consultants.
Attis Industries Inc., a diversified innovation and technology holding company today, has entered into a definitive asset purchase agreement with Sunoco LP to acquire and operate its corn ethanol plant and grain malting operation in Fulton, NY. Attis expects to finance the transaction with non-dilutive financing.
Koenigsegg Group AB has signed a Memorandum of Understanding (MOU) with Beijing Automotive Industry Holdings Co. We have a solid business plan, an important partnership and we are now in a position to go ahead without any governmental financing. Koenigsegg Group will own 100% of SAAB Automobile AB.
ALTe Powertrain Technologies, developer of a range-extended plug-in electric hybrid powertrain for light commercial fleet vehicle applications, has created a Commitment to Action to spur adoption of hybrid electric technology in the worldwide fleet industry as part of the Clinton Global Initiative America (CGI America) meeting.
to finance the development and production of low-carbon fuels and energy transition metals. TMC and LCR have agreed to a purchase and sale agreementwhereby LCR has acquired a 2.0% Deepsea mining company TMC The Metals Company ( earlier post ) announced a strategic partnership with Low Carbon Royalties Inc.
European industry ministers in an EU Competitiveness Council meeting in Brussels yesterday voiced their support for the European Commission’s strategy for clean and energy-efficient vehicles, which was published last month ( earlier post ).
This purchase represents an order potential of nearly 800 buses (of which about 200 are in firm order), financed 100% by île-de-France Mobilités (in direct grant or via the contract île-de-France Mobilités – RATP). The first order of approximately 150 vehicles, distributed over the three lots, will be processed as soon as possible.
billion from Wanxiang to finance and construct the first phase of a coal-to-natural gas facility that ultimately will have an annual production capacity of one trillion cubic feet (1 Tcf) (30 billion cubic meters) per year. As part of the transaction, GreatPoint Energy has raised equity investment and secured project funding of $1.25
It is the key to using the great potential we have in reducing CO 2 emissions in the steel industry. It would thus make an important contribution to the short- and long-term supply of the steel mill. At its core, our climate transformation is based on the use of hydrogen. It is important to plan ahead.
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. DKRW Advanced Fuels LLC subsidiary Medicine Bow Fuel & Power LLC (MBFP), has entered into a contract with Vitol Inc., Medicine Bow, Wyoming.
We also note that Narvik has a positive attitude towards industry and business development, and we hope and believe that this initiative will create significant ripple effects in the city and region related to hydrogen, an energy carrier recognized to have great potential.
a developer and manufacturer of advanced Nanophosphate lithium iron phosphate batteries and systems, has entered into an asset purchase agreement with Johnson Controls, Inc. million in “debtor in possession” (DIP) financing to support continued operations. to the development of the advanced battery industry. A123 Systems, Inc.,
AlphaStruxure will design, build, finance, own and operate the project to enable Ride On’s growing electric bus fleet. The County then purchases the electricity and resilience supplied by the microgrid and charging infrastructure on an ongoing basis.
AlixPartners also estimates that on-going unemployment and underemployment could cost the auto industry up to 1.5 According to the study, historically, approximately one of every five vehicles sold is financed by home-value appreciation, a ratio that’s likely to decrease with the continuing stagnancy in home values.
Elon Musk, Tesla’s Chief Executive Officer and cofounder, purchased $100 million of common equity, the least secure portion of the offering. The Department first offered loans to Tesla and other auto manufacturers in June 2009, when car companies couldn’t get other financing and many people questioned whether the industry would survive.
The Fisker app offers a flexible lease program, maintenance and repair on demand, insurance purchase to easy finance options. Fisker will also offer a “$0 drive off” option through a fully financed $2,999 down payment for credit approved customers. The $250 reservation may also be applied to the purchase of the vehicle.
The industrialized world brushes these realities under the rug in favor of self-aggrandizing agenda-setting, and, in doing so, engenders critical supply risks and the potential for further environmental degradation. —Baker Institute report Need Nickel?
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. industry.".
has reached agreement with trucking firms to lease or purchase more than 250 new heavy-duty trucks, fueled by its Redeem RNG (renewable natural gas). In addition, truck fleets financed or purchased through Zero Now will be able to purchase Redeem fuel with a fixed discount to diesel at a significant spread.
(collectively, Fisker Automotive) have entered into an asset purchase agreement with Hybrid Tech Holdings, LLC (Hybrid) for the sale of substantially all Fisker assets. Hybrid’s parent, Hybrid Technology, LLC purchased the loan from the US Department of Energy (DOE) for $25 million. Earlier post.).
for electric vehicle financing. India’s leading non-banking finance company for electric vehicle financing. Akihiro Ueda, CEO, Terra Motors said, “This partnership between Pooja Finelease and Terra Motors will give access to a larger audience and will take care of our North, East and North-Eastern region financing.
A study by researchers at the Institute of Transportation Studies, UC Davis finds that buyers of plug-in vehicles (PEVs) are substantially less satisfied with the dealer purchase experience than buyers of conventional vehicles—with the notable exception of Tesla buyers. In some cases, dealers outright discouraged PEV purchases.
The Renault-Nissan Alliance, the French Atomic Energy Commission (CEA) and the French Strategic Investment Fund (FSI) signed a letter of intent to set up a joint venture company that would develop and manufacture batteries for electric vehicles, under the patronage of Christian Estrosi, the French Minister for Industry.
GE Capital, Canada and Gaz Métro Transport Solutions (GMTS), a subsidiary of Gaz Métro, signed a strategic agreement that will facilitate the trucking industry’s adoption of natural gas as a fuel in Eastern Canada. The agreement covers equipment that will purchase fuel from Shell’s facilities.
Genomatica and Novamont have signed a definitive agreement establishing a joint venture (JV) for the first industrial plant in Europe producing butanediol (BDO) directly from renewable feedstocks. This follows the announcement on 18 August 2011 of a letter of intent between the companies. Earlier post.).
The Directors of Australia-based Talison Lithium (which is listed in on Toronto Stock Exchange, TSX), a producer of lithium with projects in Western Australia and Chile, are recommending the company’s full acquisition by China-based Chengdu Tianqi Industry (Group) Co., Ltd for C$7.50 The cash consideration of C$7.50
Under the terms of the agreement, one of Amyris’s largest stockholders, Temasek, in conjunction with new investors affiliated with Wolverine Asset Management, agreed to purchase an aggregate $28 million of the notes. million of outstanding convertible promissory notes to take its pro rata portion of the financing.
We already purchased the first shares in Rimac in 2018 and have successively increased our shareholding since then. —Lutz Meschke, Member of the Executive Board for Finance. Together we will pool our knowledge, our technologies and our assets with the goal of creating very special projects in the future.
Continental has concluded an agreement with The Carlyle Group relating to the purchase of Veyance Technologies Inc. billion (US$2 billion), around 90% of which were achieved outside the automotive industry. The acquisition can be financed from cash and available credit lines. for approximately €1.4 billion (US$1.9
Total purchase price is a small fraction of the tangible asset value. Financing is planned through debt and grants. Acquiring experienced management team to manage operations and growth.
Under the terms of the agreement, one of Amyris’s largest stockholders, Temasek, agreed to purchase $35 million of the notes in an initial tranche and, at Amyris’s election, up to $25 million in a second tranche. This financing agreement is an affirmation of our largest stockholders’ continued support for our strategy. Amyris, Inc.,
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