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Pinnacle Engines appoints Asian Business Advisory Board; closes Series C financing

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Pinnacle Engines, developer of a highly efficient 4-stroke, spark-ignited (SI), opposed-piston, sleeve-valve architecture engine ( earlier post ), has appointed five industry leaders to its newly formed Asian Business Advisory Board.

Financing 291
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Ultracapacitor manufacturer Skeleton Technologies raises €3.9M (US$5.2 M) in Round A financing

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Skeleton Technologies, a manufacturer of high power- and energy-density ultracapacitors ( earlier post ) has completed Round A financing of €3.9 The financing will be used for production scale-up and product development in addition to sales and marketing efforts. million (US$5.4 million announced in April 2013.

Financing 247
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Roskill: Rising prices could be new norm for lithium industry

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Although on paper, capacity in the pipeline appears sufficient to meet this demand growth, Roskill expects challenges and set-backs in developing, financing and commissioning lithium mining and refining operations. In 2019, rechargeable batteries accounted for 54% of total lithium demand, almost entirely from Li-ion battery technologies.

Industry 337
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UK accelerates end of sale of new gasoline and diesel cars to 2030, hybrids to 2035

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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.” The sale of hybrid cars will be allowed until 2035. billion (US$1.7

Gasoline 304
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Tesla Model Y became the sales champion in Beijing and Shanghai in 2024

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Tesla’s sales in Beijing and Shanghai: As per vehicle sales data tracked by Yiche.com , the Tesla Model Y was the best-selling vehicle in the first-tier cities of Beijing and Shanghai in 2024. As per the industry watcher, the Tesla Model Y became Beijing’s most popular vehicle with 20,631 sales.

Sale 108
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Gevo signs SAF sales agreement with American Airlines for 100 million gallons per year for five years

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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. The Agreement with American Airlines is the single, largest fuel sales agreement ever entered into by Gevo with a customer.

Sale 320
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Brightmark Energy closes $260M in financing for first US commercial-scale waste-plastics-to-fuel plant; ULSD and naphtha

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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.

Waste 268